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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
  • 11 November 2016: Mercury acquires CES

    Mercury Systems, a NASDAQ listed leading commercial provider of secure processing subsystems, acquires the Swiss mission computing company Creative Electronic Systems (CES).
  • 11 November 2016: FinanceFox successfully completes Series A financing round

    Swiss insurtech startup FinanceFox has successfully completed its Series A financing round with Target Global and Horizons Ventures as lead investors. The financing round also included the conversion of existing venture loan investments from, amongst others, Salesforce Ventures. Idinvest, Speedinvest and AngelList.
  • 1 November 2016: Ardian will acquire lighting Group SLV from Cinven

    The independent private investment company Ardian has won the bidding for the Germany based lighting maker SLV. Ardian entered into an agreement with Cinven to acquire SLV. The completion of the transaction is subject to approval of the applicable anti-trust authorities.
  • 18 October 2016: Dr. Michael Cartier elected officer of the Inter-Pacific Bar Association (IPBA)

    Dr. Michael Cartier was elected as an officer of the Inter-Pacific Bar Association (IPBA) for the years 2016 to 2022. Dr. Michael Cartier has previously been Chair of the IPBA TMT Committee from 2013 to 2016. The IPBA is an international association of business and commercial lawyers with a strong interest in the Asia-Pacific Region. It was established in April 1991 and has over 1400 members from over 65 national jurisdictions throughout the world.
  • 8 November 2016: Next Generation takes over Lunchgate

    Simultaneously with a capital increase a group of investors led by Nikolaus Wein and Yves Latour has acquired a majority stake in Lunchgate AG from its founders. Lunchgate, Switzerland’s leading restaurant platform, was founded in 2009 as ICT startup and has developed a comprehensive product portfolio for restaurateurs and gastronomy groups.
  • 2 November 2016: Victory before the Supreme Court

    With decision dated 6 October 2016, the Swiss Federal Supreme Court fully rejected a motion to set aside an arbitral award. The decision resulted from a dispute in the amount of about USD 35 million concerning the aviation industry.
  • 3 October 2016: Full integration of e-fon AG by UPC Switzerland

    On 3 October 2016, UPC Switzerland (formerly upc cablecom) acquired the remaining 51% in e-fon AG. In October 2013, UPC already aquired 49% and entered into a joint venture with the sellers. e-fon is the leading provider in Switzerland for modern telephone solutions in the wholesale market.
  • 30 September 2016: Ascom to divest its Network Testing Division to InfoVista

    Ascom Holding AG (SIX: ASCN) and InfoVista have closed a sale agreement under which InfoVista acquired the Network Testing Division. The transaction is based on a cash-free / debt-free enterprise value of USD 45 million. Ascom received USD 30 million in cash at closing and the remainder of the consideration is in the form of a subordinated vendor loan with a nominal value of USD 15 million, a 7-year maturity and a stated interest rate of 4% p.a.
  • 11 October 2016: Sulzer Ltd – Exemption from the duty to submit a mandatory takover offer

    With decision dated 11 October 2016, the Takeover Board concluded that the refinancing and the potential enforcement of shares in Sulzer Ltd, which serve as a security for the financing banks, does not trigger a duty to launch a mandatory public tender offer for the shares in Sulzer AG for Natixis S.A., Credit Suisse AG, J.P. Morgan Securities Plc, ING Bank N.V., Deutsche Bank (Switzerland) Ltd., Sberbank of Russia as well as Tiwel Holding AG and Renova Holding Limited. Sberbank of Russia was granted an exemption from the obligation to submit a mandatory public tender offer in case that they hold more than 33 1/3% of the voting rights in Sulzer Ltd due to an appropriation of the respective shares in enforcement proceedings.
  • 27 September 2016: Swiss Life – EUR 600 mio. Hybrid Bond

    Swiss Life Ltd has successfully placed a EUR 600 million undated subordinated bond, first callable in May 2027. The coupon until the first call date has been fixed at 4.5%.