Firms To Watch: Insolvency and corporate recovery

Led by former bankruptcy judge Rolf Schuler, the team at Thouvenin Rechtsanwälte supports both debtors and creditors on a wide range of insolvency and restructuring related claims, including liability and restitution claims. Roger Steiner, whose practice covers litigation, debt enforcement, and bankruptcy matters, is a key team member.

Insolvency and corporate recovery in Switzerland

Baker McKenzie Switzerland AG

International firm Baker McKenzie Switzerland AG is best known for its expertise in handling complex financial restructurings that often involve cross-border issues. The ‘outstanding’ team also contributes regularly to thought leadership in this area with its weekly blog on international restructuring and insolvency matters. The practice is headed by Lukas Glanzmann, who often utilises his banking and finance expertise to advise financial creditors in complex financial restructurings, and Alexander Fischer, whose practice covers distressed M&A transactions. Markus Wolf represents both domestic and foreign creditors and debtors in Swiss and cross-border restructurings and formal insolvency procedures.

Practice head(s):

Lukas Glanzmann; Alexander Fischer

Other key lawyers:

Markus Wolf; Matthias Trautmann; Susanne Liebel-Kotz; Valentina Hirsiger


‘Outstanding quality of team on all levels, very responsive, diverse and extraordinary client service.’

‘Respectful and good collaboration, good communicators and deep legal knowledge.’

Key clients

UBS Switzerland AG

Credit Suisse (Switzerland) Ltd.

Coöperatieve Rabobank U.A.


Lenz & Staehelin

Providing ‘superior service with outstanding knowledge, skill, and judgment’, Lenz & Staehelin advises clients on the full spectrum of insolvency related matters including in out-of-court and in-court restructuring proceedings, the implementation of cross-border restructuring schemes, creditors rights in Swiss insolvency proceedings, pre-insolvency enforcement scenarios, distressed debts, insolvency-related litigation, and sale and acquisition of distressed companies. The team is co-led by Zurich-based Tanja Luginbühl and Geneva-based Roman Graf. Luginbühl is an ‘expert’ in insolvency and restructuring and has been involved in several complex domestic and cross-border cases representing companies in financial distress, banks and creditors whilst Graf has a special focus on distressed M&A and insolvency matters, including in-court and out-of-court restructurings and directors’ liability. Dominique Müller and Daniel Tunik are litigators and represent corporations and private individuals in proceedings before Swiss courts and international arbitral tribunals.

Practice head(s):

Tanja Luginbühl; Roman Graf

Other key lawyers:

Dominique Müller; Daniel Tunik; Anja Affolter Marino; Eva Müller; Anna Pellizzari


‘Exceptional team, outstanding collaboration and communication in difficult situations.’

‘The L&S team provide a superior service with outstanding knowledge, skill, and judgment. They are diligent and vigilant and always available. Beyond that they are very affable, warm, and friendly.’

‘The L&S team is a really strong group of talented lawyers. They have a real grasp of the technical details, but are always able to translate this into practical, commercial advice to clients.’

‘Tanja Luginbühl is a fantastic practitioner; giving clear, commercial advice and distilling complex Swiss issues in a manner that makes sense to clients.’

‘Anja Affolter Marino is a great associate and a pleasure to work with.’

‘Tanja Luginbühl and Eva Müller are our main contacts. They are quick to respond, helpful and good at looking for commercial solutions.’

‘Experts at navigating both the legal and practical complexities of cross-border restructurings involving Swiss legal entities.’

‘Tanja Luginbühl is an expert in restructuring practice, and effortlessly coordinates multiple stakeholder groups to reach a mutually beneficial result. Always able to join calls and meetings on short notice, and Tanja is always an active rather than passive participant.’

Key clients

Aston Martin Lagonda Limited

Agrokor d.d.

APTG AG (formerly Airopack Technology AG)

A.T.U Auto-Teile-Unger Handels GmbH & Co. KG

Bluehorn SA

BP Oil International Ltd.

Creditor of Ethical Coffee Company

Creditor of Privatair

Deutsche Bank AG

Deutsche Lufthansa AG

F. Bernasconi & Cie SA


Garrett Motion

ING Bank N.V.

ISDA, Association of German Banks, EFET

Lenders to gategroup Holding

Major creditor of Bank Hottinger & Cie AG in liquidation

ObsEva SA

One of Europe’s most respected furniture manufacturer

Pentland Brands Limited


Roust Corporation

Royal Bank of Scotland


Sempione Fashion AG (formerly Charles-Vögele)

Suntech Power International Ltd.

Thea Pharma Inc.

Valartis Group AG

Various key creditors of Lehmann Brothers Finance AG in liquidation

Various creditors of Petroplus Holdings AG and Petroplus Marketing AG

Work highlights

  • Representation of FTX Trading Ltd. and its affiliates as debtors in the proceedings under Chapter 11 with respect to Swiss law matters.
  • Advised SAS, Scandinavian flag carrier, on Swiss law related issues to its restructuring, incl. its Chapter 11 filing and alternative restructuring measures.
  • Representation of Aston Martin Lagonda Limited in its dispute and its claim enforcements on the insolvency of a Swiss distributor.

Schellenberg Wittmer Ltd

Schellenberg Wittmer Ltd provides the full spectrum of restructuring and insolvency matters including companies’ restructuring, loan-to-own transactions, distressed M&A, distressed refinancing, and advising board members on their duties, as well as liability claims. The team is headed by Olivier Hari, Tarek Houdrouge, and Urs Hoffmann-Nowotny. Hari specialises in complex national and cross-border insolvency and restructuring proceedings and related litigation proceedings, whilst Houdrouge, who co-heads the banking and finance team, has a strong focus on distressed situations. Hoffmann-Nowotny has a special focus on insolvency-related litigations, including actions to contest schedules of claims, claw-back actions, and the enforcement as well as defense of liability claims against directors and officers. Vincent Jeanneret, who is the former practice group head, has a wide range of expertise including distressed refinancing and M&A, corporate restructuring of listed and non-listed companies, filing of court-application for distressed businesses, litigation, and recognition of foreign orders. Cross-border insolvency expert Louis Burrus is a notable team member.

Other key lawyers:

Vincent Jeanneret; Louis Burrus ; Louis Burrus ; Philippe Borens  ; Philip Andrea Berti; Grégoire Tribolet ; Raphaël Barile


‘They provide high-end legal advice and are always available.’

‘Olivier Hari knows his stuff regarding the nuances of Swiss insolvency and restructuring law.’

Key clients

First instance Tribunal (Martigny)

Joint Administrators of Anandarko Holding Limited

Alevo Group SA and Alevo International, in liquidation, creditors’ committee appointment

Liquidators of Joannou & Paraskevaides (Overseas) Limited

Aldo Group International AG

Fondation Hypotheka

Gilbert Albert employees’ pension plan – Cantonal Department of Finance – The Cantonal Supervisory Board for Foundations

Mr. Reto Stöcklin (bankruptcy)

Several creditors of Ethical Coffee Company Ltd and Ethical Coffee Company (Switzerland)

Stigma Partners SA

Zenith Vie, Life insurance

Work highlights

  • Obtained recognition of a foreign insolvency decree for the joint administrators of a Bahamas company to recover assets located in Switzerland.
  • Advised two foreign creditors (confidential) of two Swiss distressed businesses, Alevo Group and Alevo International, in a case involving a forced fire sale of two distressed businesses and negotiations with the Court, the official administrator in charge of the sale, and foreign administrators as well (Germany, USA).
  • Advised Aldo Group International AG, part of the ALDO Group, a Canadian multinational shoe and accessories the successful completion of its Swiss composition proceedings and the exit financing.

Wenger Plattner

Wenger Plattner is experienced with handling insolvency and restructuring cases from both sides, namely acting as administrator or bankruptcy trustee in complex cross-border cases and advising debtors or creditors in other cases, within various industry sectors such as pharma, real estate and construction, energy, banking and finance, and technology. Practice head Brigitte Umbach-Spahn advises clients in domestic and cross-border restructuring and insolvency cases and represents them in related proceedings. Fritz Rothenbühler  handles insolvency and restructuring matters within the corporate, competition law, construction and real estate sectors. Karl Wüthrich advises creditors on national and international enforcement law and assisted debtors in formulating and implementing reorganisation and restructuring plans. Litigation specialist Stephan Kesselbach represents national and international clients before the administrative authorities, focusing mainly on corporate and insolvency law matters. Pablo Duc handles major bankruptcies and composition proceedings whilst Stefan Bossart primarily advises foreign clients on insolvency matters. Roland Burkhalter, who rejoined the team in 2022 from St Galler Kantonalbank, handles complex restructuring and insolvency assignments as well as extensive investigations and audits for the Swiss Financial Market Supervisory Authority (FINMA). Denise Jagmetti-Huser and Mathias Burghardt support the team.

Practice head(s):

Brigitte Umbach-Spahn

Other key lawyers:

Fritz Rothenbühler; Karl Wüthrich; Stephan Kesselbach; Pablo Duc; Stefan Bossart; Roland Burkhalter; Denise Jagmetti-Huser; Mathias Burghardt


‘Wenger Plattner is the No. 1 restructuring and insolvency team in Switzerland. Very high expertise, especially in cross-border restructuring cases.’

‘The most experienced team in relation to mandates as administrators in a composition agreement.’

‘Wenger Plattner are market leading Swiss insolvency and restructuring lawyers. They are subject matter experts on Swiss insolvency and also cross-border insolvency issues.’

‘Brigitte Umbach-Spahn is a first-class partner. Stefan Bossart is an excellent senior associate.’

‘They are a great team.’

‘Brigitte Umbach-Spahn is a very experienced insolvency specialist. She is our go-to person for complex matters requiring a high level of expertise and sophistication.’

‘Very responsive with a focus on solutions and a very high reputation in the Swiss legal market.’

‘Brigitte Umbach-Spahn, Denise Jagmetti-Huser and Stefan Bossart are very proficient, highly esteemed in the market and great to work with.’

Key clients

Bank Hottinger & Cie AG

SMTV Group (SMTV Holding AG, AF Cars AG, AF Racing Switzerland)

Nyco Flexible Packaging GmbH

Publicitas AG in bankruptcy liquidation



Swissair Group

SkyWork Airlines AG

Swiss Dairy Food AG

Unifina Holding AG

mopac modern packaging AG / 2MP AG

The Enzian Shipping / Swiss Chem Tankers Group

Swissmetal Industries AG / Weidenareal Metall AG

SCL / SCT // Enzian Shipping AG / Swiss Chem Tankers AG

saltech AG

Gysi AG Chocolatier Suisse

SCL Helvetia AG

Work highlights

  • Serving as FINMA appointed liquidators of Bank Hottinger & Cie AG.
  • Appointed as administrators for Nyco Flexible Packaging GmbH.
  • Confirmed liquidators of Petroplus Marketing AG and appointed administrator, later on liquidator of Petroplus Refining Cressier SA in a liquidation with claims in the amount of approx. CHF 6 billion.

Bär & Karrer Ltd.

Full-service law firm Bär & Karrer Ltd. draws on the specific know-how from specialists within different departments to support clients on out-of-court restructuring matters including distressed M&A, acquisition out of Swiss “Chapter 11” proceedings, handling D&O insurance, default negotiations with lenders and debtors under facility agreements, and tax-efficient structuring of restructurings. The team is headed by Christoph Neeracher, Luca Jagmetti, and Thomas Rohde. Neeracher has a strong focus on international and domestic M&A transactions, particularly in private equity and secondary buyouts, Jagmetti has special expertise in out-of-court restructurings, composition proceedings and related topics, such as mass dismissals, and Rohde has extensive expertise in corporate restructurings, creditor representation, and M&A transactions.

Practice head(s):

Christoph Neeracher; Luca Jagmetti; Thomas Rohde

Other key lawyers:

Martin Anderson; Urs Kägi; Ralph Malacrida; Susanne Schreiber; Rolf Watter


‘Transparency and collaborative work ethic. Giving extra attention to potential conflicts of interest and showing strong loyalty to long-standing customer relationships. Absolutely leading in their field.’

‘Luca Jagmetti’s exceptional legal acumen and deep industry knowledge sets him apart. He has consistently demonstrated a keen understanding of our business needs and has provided innovative legal solutions that align with our strategic goals. His ability to navigate complex legal issues while maintaining a client-centric approach has been invaluable.’

‘Total commitment and incredible response times. Proactive communication in critical phases of transactions and superior senior capabilities and experience.’

‘Luca Jagmetti’s advice was spot on and proved critical in successfully handling the cases. Time management was excellent.’

‘The Bär & Karrer team has been a highly effective partner in our legal matters, demonstrating strong expertise and commitment in our collaborative efforts. What stands out about this practice is the depth and breadth of their team, which has been instrumental in supporting our company. Their lawyers bring diverse backgrounds and specialisations to the table, addressing various legal aspects of our business effectively.’

Key clients

UBS Group AG

HVD Partners GmbH

Perfect Holding SA

Work highlights

  • Acting as lead adviser to UBS Group AG in the acquisition of Credit Suisse Group AG by UBS Group AG.
  • Advised HVD Partners in connection with the acquisition of Sampsistemi as part of a scheme of arrangement administered by the court of Bologna


Using its strengths in recapitalisation and refinancing, Homburger has a particular focus on solvent and complex, out-of-court restructurings as well as preventative measures for clients active in the financial services industry. Practice head Stefan Kramer has a special focus on corporate recovery and cross-border restructuring matters. Daniel Haeberli , Benjamin Leisinger, and Benedikt Maurenbrecher have extensive expertise in solvency restructuring of debt instruments. Miguel Sogo represents clients in debt enforcement proceedings and compositions proceedings.

Practice head(s):

Stefan Kramer

Other key lawyers:

Daniel Haeberli; Benjamin Leisinger; Benedikt Maurenbrecher; Miguel Sogo; Marco Rostetter

Key clients


Credit Suisse



GTT Communications

Work highlights

  • Advised Credit Suisse on merger with UBS to avoid Credit Suisse’s potential resolution.
  • Advised GTT on USD 800m financial restructuring.
  • Advising Swiss cantonal bank on global strategy regarding bail-in legislation and instruments.

Kellerhals Carrard

The team at Kellerhals Carrard advises officers and directors as to the measures to be implemented in the event of an imminent insolvency, represents financial institutions, debtors, acquirers of businesses or assets of financially distressed companies in insolvency related proceedings, and acts as court appointed trustees. The team is headed by Daniel Staehelin, who represents major creditors in high-profile insolvency proceedings and is often appointed as trustee in bankruptcy proceedings and bank litigations, and Lukas Bopp, whose practice includes acting as court appointed commissioner in insolvency proceedings and handling insolvency related litigation such as director’s liabilities claims, voidance actions, and claims regarding wrongful trading. Jean-Luc Chenaux specialises in M&A, financing, restructuring and governance whilst Alexandre Gachet supports clients with restructuring and insolvency matters, particularly in the banking sector. Ivan Paparelli acts as liquidator of companies under appointment by the FINMA and Emanuel Dettwiler has a special focus on distressed M&A transactions and restructurings.

Practice head(s):

Daniel Staehelin; Lukas Bopp

Other key lawyers:

Jean-Luc Chenaux; Alexandre Gachet; Ivan Paparelli; Emanuel Dettwiler


‘Lukas Bopp and Daniel Staehelin are among the most experienced and esteemed insolvency practitioners in Switzerland.’

‘Outstanding theoretical and practice knowledge with the necessary touch of understanding of economical and management issues of a company.’

Key clients

Alitalia – Società Aerea Italiana S.p.a.

Banque Privée Espirito Santo

Bürgschaftsgenossenschaft Ost-Süd

Bürgschaftsgenossenschaft Mitte

Cautionnement Romand

Bürgschaftsgenossenschaft SAFFA

iQ International AG

Landert Motoren AG

Parmalat Group

Peter Lang AG

Simatex AG

Swiss Financial Market Supervisory Authority FINMA

Tally Weijl Holding AG

Work highlights

  • Acted as counsel of Tally Weijl Holding AG which ran into a liquidity shortage following the pandemic.
  • Acting as counsel of the bankrupt estate of Banque Privée Espirito Santo in a voidance action in the amount of CHF 1.5 million in relation to payments of restructuring services just before insolvency.
  • On March 12, 2021 iQ International AG had to file for a Composition Moratorium. Daniels Staehelin was appointed as commissioner and Lukas Bopp as Co-commissioner to supervise the restructuring of the company; to restructure the company, the assets of the companies (various patents and shareholdings in manufacturing companies in Ecuador, Italy and the US) are to be sold to a new investor.

Niederer Kraft Frey AG

Niederer Kraft Frey AG's team covers both restructuring, such as preparation and implementation of recovery measures, and insolvency, including advising both creditors and debtors in bankruptcy litigation. The team is led by Marco Häusermann who has vast experience in restructurings and workouts of all forms of debt, structured credit, and securitised assets. Bertrand Schott advises financial institutions, funds and fund management companies on domestic and cross-border restructuring and insolvency matters. Daniel Bono advises financial institutions on liquidity requirements. Adrian Koller, Philip Spoerlé, Andrea Giger, Roman Sturzenegger, and Moritz Maurer are notable team members.

Practice head(s):

Marco Häusermann

Other key lawyers:

Bertrand Schott; Daniel Bono; Adrian Koller; Philip Spoerlé; Andrea Giger; Roman Sturzenegger; Moritz Maurer


‘NKF has reliably delivered high-quality legal advice to our company on a variety of matters, including corporate, contract, insolvency, and data issues. NKF attorneys think clearly through complicated legal issues and provide actionable advice for a reasonable cost.’

‘Bertrand Schott has expertise across a wide range of banking and insolvency-related issues. I have needed Bertrand’s attention on a number of urgent matters through the years, and he has always made himself available to address the issue and meet quick deadlines, and always at a reasonable cost. He also has a helpful and friendly disposition.’

‘Niederer Kraft Frey AG were collaborative, communicative and a pleasure to work with.’

‘Marco Häusermann is a skilled practitioner.’

Key clients

Industry Standard Opinions for Repos and Securities Lending to various Industry Associations and Banks

Crédito Real, S.A.B. de C.V.,

Deutsche Bank

Invacare Corporation and Swiss subsidiaries

ED & F Man group

Work highlights

  • Render the Swiss legal opinions on the validity and enforceability of the Global Master Repurchase Agreement and the various Securities Lending Master Agreements used worldwide by banks and other financial institutions, specifically as to the close-out netting provisions and other similar contractual arrangements and addressing the potential insolvency of a Swiss counterparty.
  • Advised Crédito Real, S.A.B. de C.V., a Mexican non-bank lender, with matters relating to the CHF 170,000,000 2.875 % Bonds due 2022 on which Credito Real defaulted in repayment in early 2022.
  • Advised Deutsche Bank in connection with Mallinckrodt plc’s reorganization process, emergence from Chapter 11 and completion of the Irish Scheme of arrangement.


The team at Pestalozzi offers a wide range of insolvency-related services, including cross-border bankruptcy-related litigation, the recognition and enforcement of foreign bankruptcy proceedings, acting as administrators to recover significant assets of foreign debtors, criminal proceedings, large-scale asset recovery and supervision of bankruptcy administration for major creditors. The team is headed by Thomas Rohner, whose practice includes representing domestic and international clients in insolvency and enforcement matters, and Christophe Emonet, who has vast experience in asset recovery and cross-border bankruptcies. The team comprises of litigation and arbitration specialists Michael Kramer and Florian Mohs, and corporate law expert Christian Leuenberger.

Practice head(s):

Thomas Rohner; Christophe Emonet

Other key lawyers:

Michael Kramer; Florian Mohs; Christian Leuenberger; Nicolas Herren; Lukas Rusch; Ludivine Boisard; Andreas Lienhard; Tobias Christen; Dario Marzorati; Louis de Mestral


‘Pestalozzi has a strong team of experts in all relevant areas of the law, and they are capable of assembling convincing teams. They also have a strong external network in case a lawyer is required with a special expertise not found within Pestalozzi. The right team in complex cross-border-matters.’

‘Florian Mohs is proactive, stays in contact, has a very good eye for the big risks.’

‘Dario Marzorati is knowledgeable and fast.’

‘Clarity, speed of responsiveness, a reasonable flexibility governed by commercial understanding in respect of the timing and amount of billing. An ability to build strong relationships and interface with Swiss officials, agents, tax authorities and judiciary in a manner calmly calculated to benefit all parties working towards a common goal.’

‘Thomas Rohner and Tobias Christen provided wise counsel and sound technical advice and were a joy to work with actually.’

Key clients

Bank of America Merrill Lynch

Bank Vontobel

Banque Cantonale de Genève

City of Almaty


Credit Agricole

Credit Suisse

First International Bank of Israel


Johnson & Johnson


Olivier Maus

Swiss Life AG

Union Bank of Israel

Prager Dreifuss AG

Prager Dreifuss AG represents banks, hedge funds, and other financial institutions in complex domestic and cross-border insolvency and restructuring proceedings. The team is particularly active in advising clients on arbitration proceedings and global enforcement strategies of arbitral awards that have been rendered. Daniel Hayek has extensive expertise representing creditors in bankruptcy-related litigation, from registering or purchasing claims to enforcement of claims vis-à-vis the bankruptcy administrators. Gion Jegher advises creditors with regards to questions arising from impending insolvencies, whilst Christian Casanova has experience in complex bankruptcy litigation. At the associate level Laura Richenberger, Rahel A. Nedi, and Mark Meili are names to watch.

Practice head(s):

Daniel Hayek

Other key lawyers:

Christian Casanova; Gion Jegher; Laura Richenberger; Rahel Nedi; Mark Meili; Andreas Moll; Anik Zehnder; Markus Seglias


‘It is a top-notch practice with deep expertise, experience and knowledge. They know both local and US law and therefore are able to provide advice and guidance that is relevant and highly sophisticated.’

‘Daniel Hayek is the main contact. He and his team are always very responsive, pleasant and cordial.’

Key clients

Trinity Investments DAC

Hestia Investments DAC

Kommunalkredit Austria AG

Attestor Value Master Fund LP

Deutsche Bank Trust Company Americas (Security Agent)|Wilmington Trust National Association (Indenture Trustee)

Bank of America Merrill Lynch

Centerbridge Partners LP

Work highlights

  • Advised on the EUR 2.5 bn tender offer submitted for Europcar in July 2021 by a consortium consisting of Volkswagen AG, Trinity Investments Designated Activity Company and PON Holdings.

Staiger Attorneys at Law Ltd

Staiger Attorneys at Law Ltd's insolvency and restructuring practice group supports creditors with large, high-profile insolvency and bankruptcy proceedings as well as debt restructurings. The team is often appointed as liquidator and investigating agent by FINMA. The team is headed by Marc Bernheim, who has a key focus on directors’ and officers’ liability proceedings and acts as a representative of public receivers in insolvency proceedings. Philipp Känzig, who specialises in debt enforcement and corporate restructuring, and Gaudenz Geiger, whose practice covers out-of-court reorganisations and restructurings, are key members of the team.

Practice head(s):

Marc Bernheim

Other key lawyers:

Gaudenz Geiger; Philipp Känzig


‘The insolvency and corporate recovery practice is among the strongest in Switzerland.’

‘Expertise in all areas of insolvency and corporate recovery, excellent value for money, pragmatic, solution-oriented, responsive and well-connected with authorities.’

‘Gaudenz Geiger stands out for his client service, efficiency, ability to think-out-of-the-box, competence, thoroughness, and precision.’

‘Efficient, to the point and solution-oriented.’

‘The team has a wealth of experience in assisting with insolvency proceedings. They proceed in a targeted manner and have been able to achieve a good result for all parties involved even in very difficult initial situations.’

‘Marc Bernheim never loses sight of the essential points, even with complex mandates. He is a persistent and successful negotiator.’

‘Gaudenz Geiger has sound specialist knowledge, which he can bring to bear very confidently in negotiations. He seeks the path to the simplest solution.’

Key clients

Schweizer Kredit AG

Swiss Financial Market Supervisory Authority FINMA

Atrib Switzerland Ltd. in liquidation; Atrib Group in liquidation; Atrib Management Services in liquidation

Rocco Piccinni AG

Galika AG

Work highlights

  • Acting as commissioner and court appointed supervisor in proceedings related to Galika’s restructuring across 11 jurisdictions.
  • Acting as bankruptcy administrator and counsel in Atrib’s EUR 90 m international liquidation, one of the longest and most complex bankruptcy and liquidation proceedings ever in Switzerland.
  • Acting as commissioner and court appointed supervisor in restructuring proceedings of rocco piccinni.

Walder Wyss Ltd.

The team at Walder Wyss Ltd. have been actively involved in several high-profile bankruptcy and creditors’ composition cases that involve cross-border implications. The practice group advise big stake creditors or debtors, typically Swiss companies with the head company being subject to a US Chapter 11 proceeding. The team is co-led by Dominik Hohler, Dieter Hofmann, and Mark A. Reutter. Considered a ‘brilliant mind and strategic thinker’, Hohler advises national and international companies regarding their restructuring, financing, reorganisation measures and insolvency. Hofmann is an experienced litigator often handling cases concerning insolvency, directors’ liability, and shareholders’ agreements, whilst Reutter advises clients active in the IT field on insolvency and restructuring matters. Urs Schenker supports the team.

Practice head(s):

Dominik Hohler; Dieter Hofmann; Mark A. Reutter

Other key lawyers:

Urs Schenker; Thiemo Sturny


‘Dynamism and responsiveness. Listening to their clients with a perfect mastery of the issues and problems they face, allowing them to be confident in the solutions they deliver.’

‘Dominik Hohler is one of the best lawyers to work with in Switzerland. Very responsive and pro-active.’

‘The Walder Wyss restructuring, and insolvency team is outstanding and well-placed at the top of the market.’

‘Dominik Hohler is a brilliant mind and strategic thinker. He will certainly be a leading name on the market over the coming years. Also, the rest of the team is outstanding.’

‘Dominik Hohler and his team are very responsive, and the quality of their work is outstanding. It seems that they are well experienced not only for international but also for domestic Swiss work.’

‘Walder Wyss reorganisation team understands the needs of clients exceptionally well and quickly recognizes their problems. Their many years of experience and the way of working also make them the right choice for complex cross-border cases.’

‘Dominik Hohler is a very experienced partner in the Walder Wyss restructuring team. He responds extremely quickly, and his advice is tailor-made. He immediately gets into the middle of the issue and getting the deal done is paramount for him.’

Key clients

Credit Suisse / UBS

DTEK Energy


Arthouse Cinemas

Meyer Burger Group

STA Travel


Candrian Catering Group

Nestlé Nespresso

Apollo International Management LLP

Esprit Europe GmbH

gategroup Holding AG

The former CEO of one of the largest Swiss concert organizers

Work highlights

  • Acted as Lead Counsel to Credit Suisse on the merger with UBS following the intervention of the Swiss Federal Department of Justice, the Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA.

CMS von Erlach Partners Ltd.

CMS von Erlach Partners Ltd. has ‘deep legal knowledge’ on all insolvency and restructuring matters, regularly advises domestic and foreign financial creditors and debtors on judicial and non-judicial restructuring matters and corporate reorganisation measures, including non-performing loans, debt restructuring, and capital increases. The team is headed by Marjolaine Jakob who has a special focus on cross-border insolvency and restructuring law. Reto Hunsperger assists foreign insolvency administrators in enforcing claims and adding domestic assets to foreign insolvency estates.

Practice head(s):

Marjolaine Jakob

Other key lawyers:

Reto Hunsperger


‘Great team with good profile and deep legal knowledge.’

‘Good theoretical knowledge of insolvency and restructuring. Regarding practice the team is still quite junior, but definitely uprising.’

‘Marjolaine Jacob is very precise and has a very good theoretical knowledge. She is definitely rising.’

Key clients

Swiss ancillary insolvency estate of Manfred Schmider

Dr. Christoph Schulte-Kaubrügger in his function as insolvency administrator over the assets of OpenLimit SignCubes GmbH


SEFE Schweiz AG

Work highlights

  • Represented the Swiss ancillary insolvency estate of Manfred Schmider, among others, with regard to a lawsuit that was filed by the Swiss ancillary insolvency estate against a third party and based on a settlement agreement concluded between the foreign insolvency administrator and the third party to amicably solve several claw-back claims of the foreign insolvency estate.
  • Advised the German insolvency administrator of OpenLimit SignCubes AG, among others, with regard to the cooperation with the administrator of the Swiss composition proceedings which were conducted over the Swiss group company prior to the opening of insolvency proceedings.
  • Advised SEFE Schweiz AG with regard to various aspects of its restructuring, following its coming under the sole ownership of the Federal Government of Germany, as a result of the invasion of Ukraine.

MLL Legal

MLL Legal has ‘extensive knowledge and experience’ in corporate restructuring and reorganisation, acquisition of distressed companies, debt enforcement, and moratorium and composition agreements. The team is headed by Sabina Schellenberg, who has ‘deep knowledge’ of national and international insolvency law, and Samuel Ljubicic, who has expertise in M&A and banking and finance. Alexander Vogel’s practice involves financial reorganisation measures, participation transfers, and intra-group mergers. Yannik Hässig advises and represents clients in insolvency-related litigation and the filing of claims in insolvency proceedings.

Practice head(s):

Sabina Schellenberg; Samuel Ljubicic

Other key lawyers:

Alexander Vogel; Yannik Hässig; Florian Müller


‘Remarkable legal creativity in navigating complex situations. Their extensive knowledge and experience across diverse corporate recovery matters sets them apart. The team displays an exceptional level of knowledge, responsiveness, and efficiency.’

‘Very responsive, professional and impeccable.’

‘Sabina Schellenberg has deep knowledge of insolvency law.’

Key clients

Liquidators of Petroplus Refining & Marketing Limited and Petroplus Refining Teesside Limited


WEPA SE, Germany


With teams located in Basel, Geneva, and Zurich, VISCHER is well-equipped to advise both creditors and debtors involved in complex domestic and cross-border insolvency and restructuring mandates. The team is particularly strong in distressed M&A, insolvency related litigation, corporate finance, and voluntary liquidation. Practice head Benedict Christ has extensive expertise in advising national and international clients on the full lifecycle of business activities from entry into the market to implementing and exit or restructuring issues. David Jenny often acts as liquidator and advises governing bodies of corporations and creditors on insolvency matters. Jana Essebier advises clients in pre- and post- insolvency situations, with a special focus on bank bankruptcy proceedings as does banking and finance partner Markus Guggenbühl. Thomas Weibel has vast knowledge of debt collection matters, including attachments and enforcements of freezing orders.

Practice head(s):

Benedict F. Christ

Other key lawyers:

David Jenny; Jana Essebier; Markus Guggenbühl; Christian Oetiker; Thomas Weibel; Karin Graf; Seraina Jenny-Tsering


‘VISCHER is highly recognised in banking insolvency matters.’

‘Markus Guggenbühl and Jana Essebier are fabulous.’

Key clients

Various holders of Credit Suisse bail-in debt instruments

Various holders of Credit Suisse AT 1 bonds

Quinn Emanuel Urquhart & Sullivan, LLP which in turn represents a multitude of holders of Credit Suisse AT 1 bonds

PricewaterhouseCoopers AG acting as liquidator of Lehman Brothers in Switzerland

Co-investor in a distressed equipment manufacturer


Russian Bank in bankruptcy

Liquidator of German estate

Creditors of Weidenareal Metall AG (formerly Swissmetal Industries AG) in Nachlassliquidation

Investor in a fintec company

Work highlights

  • Advising holders of Credit Suisse AT 1 bonds in challenging in Federal court FINMA’s (Swiss bank regulator) decision to write down the AT1 bonds with a nominal value of approximately CHF 16 bn.
  • Advising the Swiss liquidator in the Lehman Brother insolvency on all aspects of the Swiss Lehman entities liquidation.
  • Advising creditors in the liquidation of Weidenareal Metall AG (formerly named Swissmetal Industries AG)

Wenger Vieli Ltd

Wenger Vieli Ltd represents clients in bankruptcy and debt collection matters, with particular strengths in advising SMEs, entrepreneurs, and investors on out-of-court restructuring matters and supporting with turnarounds. The team is headed by Georg Zondler, who focuses on insolvency-related litigation and restructuring of listed companies, and Pascal Honold, who has expertise in distressed M&A and corporate reorganisations. Notable team members include Daniel P Oehri and Martin Berweger, who both support the team with out-of court restructurings and various other insolvency matters.

Practice head(s):

Georg Zondler; Pascal Honold

Other key lawyers:

Daniel P. Oehri; Martin Berweger


‘Impressive speed of response and expertise.’

‘Expertise and innovation.’

Key clients

International debt collection group

Cantonal Court of Zug

Luminator Technology Group (LTG)

Signa Retail Luxury Holding H

Harng Central Department Store (Thailand)

Work highlights

  • Assisting an international debt collection group in debt collection from Swiss debtors.
  • Acting as administrator (appointed by the Cantonal Court of Zug) for companies in need of reorganisation.
  • Acting as administrator (appointed by the Cantonal Court of Zug) for companies in need of restructuring.