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Baker McKenzie

Baker McKenzie, Marnin Michaels, Zurich, SWITZERLAND

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Marnin Michaels

Tel:
Work +41 44 384 12 08
Email:
Baker McKenzie LLP

Work Department

Tax, Private Banking, Tax Controversy.

Position

Marnin Michaels has been elected as part of the management team for the Zurich office of Baker & McKenzie. A senior partner with the firm, Mr. Michaels has been practicing for more than 15 years in the areas of tax and international private banking and handles insurance matters relating to tax investigations and wealth management. He counsels clients on US withholding tax and qualified intermediary rule, as well as money laundering avoidance legislation. Mr. Michaels was a member of the Firm's Steering Committee leading the US Department of Justice Initiative for Swiss Banks. In the end, the Firm acted for 45 banks and the project won litigation firm of the year by American Lawyer Magazine. Widely regarded as one of the world’s leading wealth management lawyers, Mr. Michaels is on the Firm’s European tax steering committee, chairs its European wealth management committee and is a member of the global wealth management steering committee. He is also Tax Chair of the Firm’s Global Africa Initiative.

Career

Marnin Michaels worked from 1996 - 1999 at Phillips, Lytle, Hitchcock, Blaine and Huber LLP, Buffalo and from 1999 onwards at Baker & McKenzie, Zurich. Marnin Michaels has been practicing for more than a decade in the areas of tax and international private banking. He also handles insurance matters, particularly as it relates to tax investigations and wealth management. Mr. Michaels has written extensively for many publications, including The Journal of International Taxation, Tax Planning International, Tax Planning Financial Review, Private Client Business, International Tax Review, World Money Laundering Review, and The New York State Bar Association Trusts & Estates Journal.

Languages

English (native), German, Arabic, French and Hebrew.

Member

American Bar Association - Tax and Real Property Probate Sections. New York State Bar Association - Tax Section. Florida Bar - Real Property and Probate Section.

Education

University of Miami School of Law (LL.M.) (1997). Syracuse University (Master of Arts International Relations) (1996). Syracuse University (J.D.) (1996). Wilkes University (B.A. cum laude) (1992).

Leisure

Travel and hiking.


Switzerland

Private client

Within: Private client

Baker McKenzie’s particular strengths in the private client area are its ‘depth of expertise and global networking capabilities’, due to which the firm provides ‘service quality irrespective of regions or individual lawyers’. The practice advises families, family offices, wealth managers and financial institutions on wealth, tax and succession management, as well as governance issues, trust and succession disputes. The ‘client-focusedMarnin Michaels has ‘comprehensive US tax and wealth-planning knowledge’ and gives ‘pragmatic advice on the spot’ and Stephanie Jarrett is ‘technically strong’.

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Legal Developments by:
Baker McKenzie LLP

  • The New Turkish Code of Obligations: Important Changes for Leases of Residential & Business Premises

    For decades, the primary Turkish laws governing leases of residential and business premises have been the Law on Leasing Real Property dated May 27, 1955 (the “Lease Law”) and the Turkish Code of Obligations No. 818 dated April 22, 1926 (the “Obligations Code”). Both of these laws, however, will be repealed and replaced with the new Turkish Code of Obligations No. 6098 dated January 11, 2011 (the “New Obligations Code”), which will enter into force on July 7, 2012.
    - Esin Attorney Partnership

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.