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Lenz & Staehelin

AVENUE DU TRIBUNAL-FEDERAL 34, 1005 LAUSANNE, SWITZERLAND
Tel:
Work +41 58 450 70 00
Fax:
Fax +41 58 450 70 01
Email:
Web:
www.lenzstaehelin.com
Geneva , Lausanne , Zurich

Switzerland

Capital markets
Capital markets - ranked: tier 1

Lenz & Staehelin

The ‘very good’ practice at Lenz & Staehelin is jointly headed by the ‘knowledgeable and efficientPatrick Schleiffer in Zurich together with Geneva-based Jacques Iffland and François Rayroux. Recent work includes assisting Sunrise Communications with its IPO and advising a syndicate of banks, including Jefferies and Credit Suisse as global coordinators, on Cassiopea’s IPO on the SIX Swiss Exchange. The team also assisted Source Commodity Markets with the delisting of several exchange-traded commodity certificates.

Leading individuals

François Rayroux - Lenz & Staehelin

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin’s ‘first-rate’ practice recently assisted Monsanto with the attempted takeover of Syngenta, advised Chubb during its acquisition by ACE and assisted Union Bancaire Privée with its purchase of Coutts from RBS. Zurich practice head Rudolf Tschäniblends deep legal expertise with wide business experience’ and Geneva practice head Andreas Rötheli has ‘an extraordinary ability to anticipate problems and propose adequate strategies’. The ‘very knowledgeable and personableTino Gaberthüel and Hans-Jakob Diem are also recommended.

Leading individuals

Rudolf Tschäni - Lenz & Staehelin

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Competition
Competition - ranked: tier 1

Lenz & Staehelin

The ‘excellent’ team at Lenz & Staehelin successfully represented Pfizer in an appeal against a fine imposed by the Competition Commission for alleged vertical price fixing and has been representing the publishing houses Dargaud and Flammarion in an appeal against a fine regarding vertical agreements limiting parallel imports of French books. Benoît Merkt is recommended along with the ‘personable and knowledgeableMarcel Meinhardt.

Leading individuals

Benoît Merkt - Lenz & Staehelin

Marcel Meinhardt - Lenz & Staehelin

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Employment
Employment - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin is well positioned to assist clients with cross-border matters through its membership of the Ius Laboris network. It recently advised D.E Master Blenders on employment matters regarding the acquisition of the coffee business of Mondelēz International and assisted Conforama with the closure of all Fly shops in Switzerland and related mass dismissal. Matthias Oertle and Rayan Houdrouge are recommended.

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French-speaking Switzerland: leading firms
French-speaking Switzerland: leading firms - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin is especially known for its ‘outstanding’ banking and finance practice, where Shelby R. du Pasquier and Olivier Stahler are leading figures, and has many international and domestic banks among its clients. However, the firm is strong across many practice areas. Benoît Merkt is recommended for competition law, as is Andreas Rötheli for corporate and M&A work.

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German-speaking Switzerland: leading firms
German-speaking Switzerland: leading firms - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin is ‘a top choice’ in the German and French-speaking parts of Switzerland. The firm has numerous leading lawyers in its Zurich office. Marcel Meinhardt is an ‘excellent’ competition expert, Rudolf Tschäni is recommended for corporate work, as is Patrick Hünerwadel for banking, and Thierry Calame has a longstanding reputation for intellectual property matters.

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Healthcare and life sciences
Healthcare and life sciences - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin recently assisted Pfizer with the acquisition of Redvax and represented several pharmaceuticals, biotech and medical devices companies in intellectual property disputes. Thierry Calame is recommended for IP matters and also provides regulatory advice. Stephan Erni is the key contact for corporate matters in the life sciences sector.

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Insolvency and corporate recovery
Insolvency and corporate recovery - ranked: tier 1

Lenz & Staehelin

The ‘outstanding’ team at Lenz & Staehelin has been advising creditors on enforcing their rights against the insolvent Petroplus and Lehman Brothers Finance. It is also experienced in advising companies on restructuring processes, including negotiations with creditors. Tanja Luginbühl is recommended.

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Intellectual property
Intellectual property - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin recently achieved two victories in geographical indication (GI) disputes, protecting the GI of Emmentaler Switzerland and acting for Pernod Ricard to nullify the GI Absinthe. It also handled several patent disputes for various life sciences companies. Other clients include Apple Inc, Tamedia, Abbott, the Swiss government and the Champagne producers association. Thierry Calame and Jürg Simon are recommended.

Leading individuals

Jürg Simon - Lenz & Staehelin

Thierry Calame - Lenz & Staehelin

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Private client
Private client - ranked: tier 1

Lenz & Staehelin

The ‘top-notch’ firm Lenz & Staehelin is ‘extremely responsive and business-minded’ when advising clients on the use of trusts and foundations and international tax planning. The team includes a mix of Swiss and foreign lawyers. Mark Barmes, Stefan Breitenstein and Shelby R. du Pasquier are recommended.

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Public law
Public law - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin is especially known for its regulatory expertise in the postal sector, where it frequently acts for Swiss Post. The practice also handles regulatory mandates in the energy and telecoms sectors, where ewz and Sunrise are clients, and assists with public procurement matters, where SAP is a client. Marcel Meinhardt is recommended.

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Real estate and construction
Real estate and construction - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin has a particularly strong market position for real estate matters in French-speaking Switzerland. It recently assisted Fondation pour les Terrains Industriels de Genève with a condominium real estate development. The ‘excellentCécile Berger Meyer and the ‘outstandingAndreas Rötheli are recommended in Geneva, as is Zurich-based Beat Kühni.

Leading individuals

Andreas Rötheli - Lenz & Staehelin

Beat Kühni - Lenz & Staehelin

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TMT
TMT - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin has particular expertise in IT outsourcing projects and recently assisted Banque Internationale à Luxembourg with its outsourcing of operation, back office and administrative services. The team also has been advising mobile network operator VimpelCom on international roaming agreements. Practice head Lukas Morscher has ‘excellent analytical skills and strong business acumen’.

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Tax
Tax - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin provides ‘excellent service’, especially with regard to tax planning of financial services matters, but it covers all aspects of tax planning, structuring and litigation. Clients include Credit Suisse, Rothschild, Bayer, Wal-Mart and Richemont. Jean-Blaise Eckert, Heini Rüdisühli and Pascal Hinny are recommended.

Leading individuals

Jean-Blaise Eckert - Lenz & Staehelin

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Switzerland: Banking and finance

Geneva
Banking and finance: Geneva - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin has an ‘outstanding’ practice in Geneva that delivers ‘top-notch service’ across the full range of banking regulatory and financing matters. The team has been very busy assisting a large number of Swiss banks with regard to the US disclosure programme and other recent work includes obtaining authorisation from FINMA (the Swiss Financial Market Supervisory Authority) to allow BlackRock’s Swiss subsidiary to act as a fund management company and, similarly, for Edmond de Rothschild to act as an asset manager of collective investment schemes. Shelby R. du Pasquier heads the practice, in which Olivier Stahler and François Rayroux are also recommended.

Leading individuals

Olivier Stahler - Lenz & Staehelin

Shelby R. du Pasquier - Lenz & Staehelin

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Zurich
Banking and finance: Zurich - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin’s ‘outstanding’ practice is recommended for banking regulatory work, as well as for financing matters. The firm recently advised Hirslanden Group on its CHF1.9bn refinancing and acted for the lenders in making available to Glencore revolving credit facilities totalling $15bn. Other clients include UBS, HSBC and Credit Suisse. The ‘very experiencedPatrick Hünerwadel heads the ‘very strong’ team, in which Stefan Breitenstein, Marcel Tranchet and Patrick Schleiffer are particularly recommended.

Leading individuals

Patrick Hünerwadel - Lenz & Staehelin

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Switzerland: Dispute resolution

Arbitration
Dispute resolution: arbitration - ranked: tier 2

Lenz & Staehelin

The ‘very good’ team at Lenz & Staehelin has been handling disputes under a variety of arbitration institutions, including the ICC, Swiss Chambers of Commerce, the Court of Arbitration for Sport, and WIPO, as well as ad hoc arbitration. The ‘very reliable, proactive and preciseHarold Frey and the ‘remarkably professionalXavier Favre-Bulle are recommended.

Leading individuals

Harold Frey - Lenz & Staehelin

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Litigation
Dispute resolution: litigation - ranked: tier 1

Lenz & Staehelin

The ‘very strong’ practice at Lenz & Staehelin has strong experience in banking litigation and M&A-related disputes. The team recently defended a Swiss bank against a funds-related claim and represented the board of directors of the chemicals company Sika in a dispute with the Burkard family regarding their intention to sell their majority stake to Saint-Gobain. Harold Frey, Martin Burkhardt, Daniel Tunik, Miguel Oural and Alex Wittmann are recommended.

Leading individuals

Harold Frey - Lenz & Staehelin

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Legal Developments in Switzerland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 17 February 2017: Auris Medical's Public Equity Offering

    Auris Medical Holding AG (NASDAQ: EARS) issued and priced its public offering of 10,000,000 common shares and 10,000,000 warrants, each warrant entitling its holder to purchase 0.70 of a common share.  The common shares and warrants are being sold in units comprised of one common share and one warrant at the public offering price of USD 1.00 per unit. The warrants will be immediately exercisable at a price of USD 1.20 per common share and are exercisable for five years. In connection with the offering, the Company has granted the underwriter a 30-day option to purchase up to 1,500,000 additional common shares and/or 1,500,000 additional warrants at the public offering price less underwriting discounts. The offering is expected to close on or about February 21, 2017, subject to customary closing conditions. Roth Capital Partners is acting as sole book-running manager in the offering. Maxim Group LLC is acting as a financial advisor in the offering.
  • 16 February 2017: Credit Suisse successfully launched its new subsidiary Credit Suisse (Switzerland)

    Credit Suisse (Switzerland) Ltd. was incorporated with the purpose to be organized as a Swiss bank. It is a wholly owned subsidiary of Credit Suisse AG. The transfer of assets and liabilities according to Swiss merger law became effective on 20 November 2016. The transfer was aimed to evolve the legal entity structure of the Credit Suisse Group to meet regulatory requirements for systematically important banks.
  • 14 February 2017: BASF acquires Rolic Group

    BASF acquires Rolic, a Swiss based group offering innovative and forward-thinking solutions, particularly in the display and security industries as well as the optical film business.
  • 15 February 2017: gategroup CHF 300 mio. bond issuance

    gategroup successfully raised CHF 300 million through the issuance of a fixed rate 5-year senior bond with a final maturity on February 28, 2022. The bond with a coupon of 3% p.a. has been issued by gategroup Finance (Luxembourg) S.A. and is guaranteed by its parent company gategroup Holding AG. gategroup will apply for the listing of the new bond on the SIX Swiss Exchange.
  • 17 February 2017: RWS acquires LUZ, Inc.

    RWS Holdings plc, a world leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), commercial translations and linguistic validation, has completed the acquisition of 100% of LUZ, Inc., a market leading Life Sciences language services provider based in San Francisco, for a cash consideration of USD82.5m.
  • 17 February 2017: Cembra Money Bank acquires invoice financing provider SWISSBILLING SA

    Cembra Money Bank has reached an agreement to acquire 100% of the shares of SWISSBILLING. The transaction is expected to close within the first quarter of 2017. The transaction consideration was below CHF 10 million and is expected to have a negative impact of 0.1% on the Group’s CET1 ratio as at closing.
  • 7 February 2017: TPF closes private offering and bank financing

    Transports publics fribourgeois Trafic (TPF TRAFIC) SA closed the financing of its maintenance and exploitation centre in the canton of Fribourg. The financing was partly made through a CHF 40 mio. private placement, a CHF 32 mio. secured bank loan and a CHF 55 mio. unsecured bank loan.
  • 3 February 2017: Migros acquires Tipesca

    The Migros Group, through Mérat & Cie. SA, has acquired Tipesca SA, a company incorporated in the canton of Tessin. Tipesca offers a wide range of fish products.
  • 24 January 2017: Sharp Corporation and Skytec Group Limited enter into strategic business alliance

    Japan-based Sharp Corporation, part of Taiwan’s Foxconn Group, enters into a strategic business alliance with Skytec Group Limited (“Skytec”) regarding the manufacture and sale of Sharp branded products and services in Europe. For that purpose, Sharp acquires a majority stake of 56.7% in the newly incorporated joint venture Skytec UMC Ltd.
  • 25 January 2017: Zug Estates CHF 100 mio. Bond

    Zug Estates Holding AG (SIX: ZUGN) has successfully issued its first CHF 100 mio. fixed-interest bond with a 0.7% coupon and a 5-year maturity.