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Walder Wyss Ltd

SEEFELDSTRASSE 123, PO BOX 1236, 8034 ZURICH, SWITZERLAND
Tel:
Work +41 58 658 58 58
Fax:
Fax +41 58 658 59 59
Email:
Web:
www.walderwyss.com

Switzerland

Capital markets
Capital markets - ranked: tier 1

Walder Wyss Ltd

Walder Wyss Ltd provides ‘in-depth knowledge, fast response times and accurate advice’ on equity and debt capital market transactions. The team assisted Zug Estates with issuing its first CHF100m fixed-interest bond publicly and advised a syndicate of lenders on the public CHF1.35bn takeover offer by EQT of all shares in Kuoni Reisen. The recommended Alexander Nikitine jointly heads the team with Lukas Wyss and Theodor Härtsch. Structured finance expert Markus Pfenninger is another name to note.

Next generation lawyers

Alexander Nikitine - Walder Wyss Ltd

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Walder Wyss Ltd

The ‘highly recommendable’ practice of Walder Wyss Ltd impresses with ‘outstanding speed, practicality and cooperation’ and advises on M&A and restructuring transactions. The group is assisting Allied World with its $4.9bn merger acquisition by Fairfax and advised Sanofi on entering a strategic partnership with Lonza worth CHF290m. Migros is a longstanding client. Markus Vischer, Urs Gnos and Urs Schenker all exhibit a ‘high level of technique’ and provide ‘concise answers’.

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Competition
Competition - ranked: tier 1

Walder Wyss Ltd

Walder Wyss Ltd provides advice on merger control, compliance, antitrust law, distribution law and investigations. The practice represented Swisscom in an appeal proceeding before the Swiss Federal Supreme Court regarding a CHF186m fee resulting from an alleged price squeeze in the broadband market. An important merger control case was handled for Ticketcorner and its partner Starticket. Other active clients are Migros and Swisscom. Reto Jacobs and managing associate Gion Giger are the main advisers. Roger Staub joined with a three-lawyer team from Froriep in January 2017.

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Employment
Employment - ranked: tier 1

Walder Wyss Ltd

Walder Wyss Ltd‘s ‘strong and enthusiastic team’ provides ‘short response times, personal support and pragmatic solutions that the courts will largely recognise’. The practice handles regulatory employment aspects, gives social security, pensions and immigration advice and also represents clients in litigation and arbitration proceedings. An ongoing highlight is the preparation of a collective bargaining agreement for the symphonial orchestra of Luzerne and its negotiation with the Swiss Musicians’ Union. Ueli Sommer in Zürich is ‘responsive, to-the-point and an absolute pleasure to work with’, while Philippe Nordmann in Basel has ‘in-depth knowledge of all aspects of employment law and always treats his work as high priority’. Clients further recommend associate David Hill, who has ‘great potential’.

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

Walder Wyss Ltd

Walder Wyss Ltd focuses on regulatory, pricing, IP and licensing, transactional and corporate matters, thereby impressing with ‘very good business acumen, concrete industry knowledge, comprehension of complex issues and pleasant team interaction’. The group defended a major international pharmaceutical company in pricing-related litigation brought by the Swiss Government and also advises the client on strategic and reactive market access law. Andreas Wildi, Michael Isler, Alexander Gutmans, Markus Frick and Stefano Codoni are the key contacts.

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Insolvency and corporate recovery
Insolvency and corporate recovery - ranked: tier 3

Walder Wyss Ltd

Walder Wyss Ltd regularly handles multijurisdictional insolvency proceedings and restructuring matters. In recent highlights, the group advised the Ad Hoc Committee of Noteholders and Lenders as supporting creditors of Pacific Exploration & Production in its DIP financing transaction and also continues to advise foreign administrators and creditors regarding Petroplus’ ongoing insolvency. Counsel Christoph Stäubli and Mark Reutter are the names to note.

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Intellectual property
Intellectual property - ranked: tier 1

Walder Wyss Ltd

Walder Wyss Ltd´s IP team gives ‘commercial, no-nonsense advice’, is ‘willing to be creative when it comes to problem-solving’ and ‘continues to impress with the speed of its responses and the results it achieves’. The practice focuses primarily on trade mark and patent litigation, as well as on IP advice related to technology transactions and recently represented the German and Swiss entities of Merck in a trade mark and unfair competition dispute against MSD. ‘True professional’ Markus Frick ‘ensures that clients receive timely, effective and budget-conscious advice’; IP litigator Magda Streuli-Youssef and newly promoted partner Michael Isler are also key individuals. Roger Staub and counsel David Vasella joined from Froriep in January 2017.

Leading individuals

Magda Streuli-Youssef - Walder Wyss Ltd

Markus Frick - Walder Wyss Ltd

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Leading firms: French-speaking Switzerland
Leading firms: French-speaking Switzerland - ranked: tier 2

Walder Wyss

Walder Wyss provides ‘excellent service’ in private client and litigious matters, for which Philippe Pulfer and Rodolphe Gautier are well known. Banking lawyer Hubertus Hillerström and private client associate Olivier Sigg are also highly recommended.

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Leading firms: German-speaking Switzerland
Leading firms: German-speaking Switzerland - ranked: tier 2

Walder Wyss Ltd

Walder Wyss Ltd is especially strong in employment, intellectual property, public, TMT and tax matters, but is also highly adept at advising on banking and finance, capital markets and competition issues. Luc Defferrard, Ueli Sommer, Philippe Nordmann, Markus Frick, Magda Streuli-Youssef, Hans Rudolf Trüeb, Mark Reutter and Thomas Meister are the key partners.

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Leading firms: Italian-speaking Switzerland
Leading firms: Italian-speaking Switzerland - ranked: tier 2

Walder Wyss Ltd

Walder Wyss Ltd focuses on litigation, real estate transactions, banking and finance, as well as corporate matters. Stefano Codoni, Davide Jermini and Karin Valenzano Rossi are the names to note.

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Private client
Private client - ranked: tier 1

Walder Wyss Ltd

Proactive and attentive’ firm Walder Wyss Ltddemonstrates strength and depth’ and utilises its ‘unparalleled combination of private client expertise and professional advice across all major centres in Switzerland’, thereby also exhibiting an ‘understanding of international law’. Recent matters include assisting with the creation and registration of Fondation Concours Menuhin, which sponsors young, world-class violin players, and advising Rothschild Trust on a Swiss voluntary disclosure procedure concerning Swiss and Brazilian assets. The ‘charming and capable’ Philippe Pulfer is an ‘excellent listener and litigation strategist’ and ‘one of the very few top lawyers who understand the Anglo-Saxon environment well’, especially in relation to ‘international wealth structuring, succession planning and charitable foundations’. Clients equally recommend ‘trustful and sensitive estate and inheritance expert’ Kinga Weiss, who provides ‘compound and deep analysis’, taxation specialist Stephan Neidhardt, as well as ‘savvy litigator’ and ‘rising star’ Olivier Sigg, who is ‘sought after for his personable manner and precise answers given in record time’.

Leading individuals

Philippe Pulfer - Walder Wyss

Next generation lawyers

Olivier Sigg - Walder Wyss

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Public law
Public law - ranked: tier 1

Walder Wyss Ltd

Providing ‘excellent value for money’, Walder Wyss Ltd‘s ‘very quick and responsive’ public law practice advises the Swiss government, state entities and state-owned enterprises on public tender projects and related litigation, as well as on environmental and energy matters. Recent highlights include defending the Swiss Confederation in proceedings against an unsuccessful bidder concerning a procurement matter and advising longstanding client Axpo on the restructuring of its public utilities group. Considered ‘one of the best in his field’, ‘brilliant, hands-on’ team lead Hans Rudolf Trüeb possesses a ‘great business sense and a sharp intellect’ and associate Martin Zobl is ‘up-and-coming in public and administrative law litigation’.

Leading individuals

Hans Rudolf Trüeb - Walder Wyss Ltd

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

Walder Wyss Ltd

Walder Wyss Ltdis well positioned with great experts in every field’, who offer a ‘highly professional service’. The practice deals with transactions, development projects and real estate disputes and recently advised Pradera on its acquisition of a Swiss real estate asset of the IKEA Centers portfolio. Other work included assisting Akara Funds with several purchase transactions of commercial and residential properties. Blackstone and Bricks & Bytes are other active clients. The ‘extremely experienced, efficient and helpful’ Francis Nordmann provides ‘quick responses, which are straight to the point’ and the ‘practical’ Nicolas Iynedjian ‘regularly exceeds clients´ expectations’.

Leading individuals

Francis Nordmann - Walder Wyss Ltd

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TMT
TMT - ranked: tier 1

Walder Wyss Ltd

Walder Wyss Ltd’s ‘excellent’ practice is particularly recommended for its ‘strong partnership and team-player qualities’, which add to the ‘profound expertise in technology issues, outsourcing and data protection’, as well as the ‘high responsiveness and open dialogue’; the group also advises on IP matters and contentious TMT issues. Co-lead Mark Reutter assisted Kuoni with the reorganisation of its global outsourcings, as well as on application management, data centre hosting and end-user support. Other work included advising Migros on its global GDPR implementation project. ‘Efficient and excellent negotiator’ Michael Isler and Lugano team head Stefano Codoni are recommended. Roger Staub and counsel David Vasella joined from Froriep in 2017.

Leading individuals

Mark Reutter - Walder Wyss Ltd

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Tax
Tax - ranked: tier 1

Walder Wyss Ltd

Walder Wyss Ltd’s ‘trustful’ tax team consists of ‘excellent lawyers’ who provide an ‘outstanding quality as well as great responsiveness’ and ‘can handle most legal issues without external support’. A big strength lies in transactional, financial, capital and corporate structuring-related tax assistance, as well as tax controversy and estate planning for private clients. The team advised Akina on its merger with Unigestion, while Thomas Meister assisted Allied World Assurance Company with its $4.9bn acquisition by Fairfax Financial Holdings. ‘Straightforward’ team lead Maurus Winzap ‘has a commercial approach, state-of-the-art industry knowledge and is very client-focused’, while Robert Desax is ‘very knowledgeable about Swiss tax issues and has a good business sense’. ‘Absolute tax specialist’ Samuel Dürr is ‘excellent in negotiations with tax authorities’ and the recommended counsel Jan Ole Luuk is the key contact for indirect tax.

Leading individuals

Thomas Meister - Walder Wyss Ltd

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Switzerland: Banking and finance

Geneva
Banking and finance: Geneva - ranked: tier 3

Walder Wyss

Walder Wyss is recommended for its ‘overall excellent level of service’, especially with regards to drafting non-standard documents and commodity trade finance. The team assisted Safra Sarasin with the acquisition of all shares in Credit Suisse Monaco and Credit Suisse Gibraltar. Practice head Patrick Vogel is supported by the ‘client-oriented, efficient and hands-on’ Hubertus Hillerström, who ‘can cope with all kinds of requests’ and made partner in 2018.

Next generation lawyers

Hubertus Hillerström - Walder Wyss

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Zurich
Banking and finance: Zurich - ranked: tier 2

Walder Wyss Ltd

The Zurich team of Walder Wyss Ltd focuses on lending and other financial transactions, securitisation and regulatory matters, such as obtaining FINMA licences, and representing clients in fund authorisation processes. The group advised J.P. Morgan and a syndicate of banks on the CHF1.4bn financing of EQT’s public tender offer to acquire all shares of Kuoni Travel, and further supported Helvetica Property in their application to become a licensed fund manager according to the Swiss Collective Investment Schemes Act. UBS, Zürcher Kantonalbank and Leonteq Securities are longstanding clients of the team, which is led by Francis Nordmann and Lukas Wyss. Luc Defferrard, Theodor Härtsch and Thomas Müller are other names to note.

Leading individuals

Luc Defferrard - Walder Wyss Ltd

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Switzerland: Dispute resolution

Arbitration
Dispute resolution: arbitration - ranked: tier 2

Walder Wyss Ltd

Walder Wyss Ltd is a ‘heavy-weight in international arbitration with real strength-in-depth and a solid commercial approach’; the group focuses particularly on infrastructure, construction, engineering, joint venture and shareholder arbitration. ‘Excellent team player and inventive thinker’ Michael Feit acted as arbitrator in a proceeding between ACP Axos Capital and the Republic of Kosovo. Other key clients include Bally and ExxonMobil. ‘Calm-headed tactician’ Michael Bühler and practice head Dieter Hofmann are other names to note.

Next generation lawyers

Michael Feit - Walder Wyss Ltd

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Litigation
Dispute resolution: litigation - ranked: tier 1

Walder Wyss Ltd

Walder Wyss Ltd‘s ‘outstanding’ team ‘matches rigor with elegance’, is ‘responsive and eager to work for the client’ and excels in commercial litigation, particularly in the construction, engineering and infrastructure sector. Highlights included representing Sartus Capital in several contractual disputes. Nestlé is another key client. Dieter Hofmann in Zurich heads the practice, which was strengthened by the arrival of the ‘thorough and strategic’ Rodolphe Gautier from Baker McKenzie in July 2017.

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Legal Developments by:
Walder Wyss

  • 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.
    - Walder Wyss Ltd

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.