Firm Profile > Walder Wyss Ltd > Zurich, Switzerland
Walder Wyss Ltd Offices
PO BOX 1236
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Walder Wyss Ltd > The Legal 500 Rankings
Capital markets Tier 1
Walder Wyss Ltd's 'reputable, experienced and well-connected' practice 'has the right mix of seniority, experience and work dedication to handle complex matters' and is particularly 'experienced in transactions' for the financial services, life sciences, real estate and logistics industries. Securitisation matters form another key area of expertise. Alexander Nikitine acted for underwriting banks Zürcher Kantonalbank, Bryan Garnier and Kepple Cheuvreux on Medartis Holding's CHF700m IPO on SIX Swiss Exchange, while the 'calm and focused' Theodor Härtsch assisted Athris with its IPO on BX Swiss. Lukas Wyss advised Glarner Kantonalbank on placing additional Tier 1 bonds worth CHF100m.
Competition Tier 1
With a strong reputation for merger filings and appeals, Walder Wyss Ltd is one of the best known practices in Switzerland. In a recent highlight, Reto Jacobs acted for Swisscom in the appeal against ComCo's fines imposed for an alleged price squeeze in the broadband market. Other recent work includes handling the competition aspects of Tamedia's acquisition of Basler Zeitung. Ticketcorner, Starticket and their three parent companies are also active clients.
With multiple offices in every region of Switzerland, Walder Wyss Ltd focuses on commercial litigation, the enforcement of foreign judgement, as well as infrastructure, construction, engineering, banking, post-M&A and shareholder disputes. Team lead Dieter Hofmann is representing Eurobank Ergasias in its asset recovery claim against one of its former managers, who was charged with embezzlement via unsecured loans. Counsel Urs Schenker acted for the Burkard family in the £2.5bn dispute over the Sika takeover and the sale of a controlling stake in the company to Saint-Gobain. Michael Buhler and Oliver Kunz are other names to note in Zurich, while Rodolphe Gautier is the key partner in Geneva.
Employment Tier 1
Walder Wyss Ltd houses 'one of the best employment teams in Switzerland' and offers 'a fast and uncomplicated cooperation' in addition to 'a very high professional level and a consistently good advisory service during complicated cases'. Its full-service approach includes employment litigation, regulatory compensation advice, as well as immigration and transactional assistance. 'Sharp and fast thinker' Philippe Nordmann advised Equatex on its restructuring, which involved a mass dismissal, and represented the company in a dispute against an ex-employee claiming unlawful and discriminatory termination of their employment. The team also comprises compensation and collective bargaining expert Ueli Sommer and Olivier Sigg, who made partner in January 2018.
Intellectual property Tier 1Clients 'appreciate reliable firm' Walder Wyss Ltd's 'commitment, know-how, experience, accuracy and efficient working attitude'. Its focus areas include trade mark and patent litigation, licensing and copyright issues, as well as IP assistance during transactions for the fashion, consumer goods, life sciences, financial and technology sectors. The 'analytic, sharp and to-the-point' Roger Staub represents Darmstadt-based Merck and its subsidiary Merck Switzerland in a trade mark and name rights dispute pertaining to unfair competition against US company Merck & Co, while Markus Frick defends Nestlé against a trade mark cancellation action filed by Abbott. Former managing associate Dirk Spacek joined CMS as a partner in February 2019. Magda Streuli-Youssef left the firm in 2019.
Walder Wyss Ltd's Lugano office impresses with its 'practical, commercial and strategic' approach to corporate, commercial and M&A, dispute resolution, intellectual property, TMT, real estate and banking matters. IP specialist Stefano Codoni is noted, while the team also comprises corporate and banking partners Davide Jermini and Karin Valenzano Rossi.
Private client Tier 1
The 'commercial, realistic and responsive' team at 'well-known firm' Walder Wyss Ltd has 'a real strength and depth across the private client space' and 'works well on international matters'. It is renowned for advising entrepreneurs, including their families and businesses, in trust, estate and succession planning, relocation, tax and philanthropy matters. Clients recommend 'engaging, pre-eminent private client lawyer' and 'excellent tactician' Philippe Pulfer, 'strong' co-lead Kinga Weiss, 'knowledgeable and savvy' Olivier Sigg and 'competent and reactive' managing associate Robert Desax. Tax specialist Fouad Sayegh joined from Oberson Abels Ltd in May 2018.
Public law Tier 1
Walder Wyss Ltd is best known for advising the Swiss government and its state-owned enterprises on national, federal and cantonal level. The team has experience in procurement, energy, environmental, data protection, infrastructure, healthcare and telecoms matters. Hans Rudolf Trüeb acts for SBB in collective appeal proceedings concerning the operating permit for newly procured double-decker trains relating to alleged non-compliance with the Disability Equality Act. Thomas Müller and healthcare specialist Daniel Staffelbach are other names to note.
Real estate and construction Tier 1
Walder Wyss Ltd's 'knowledgeable and trustworthy' team 'provides clear and practical advice'. While mainly focusing on real estate transactions, the practice also engages in niche sector-related crowdfunding work. Francis Nordmann assisted Luxembourg company Propz with the $65m sale of a property in Winterthur, while the 'reassuring and pragmatic' Johannes Bürgi, together with Thomas Müller, advised the Abu Dhabi Investment Authority on the development and letting of a shopping centre outside Lucerne. Lugano-based Davide Jermini acts as a regular adviser to various divisions of Artisa Group.
Tax Tier 1
'Engaged and collaborative' firm Walder Wyss Ltd 'has a comprehensive, solution-driven and strong tax team offering services regarding structuring, transactions and litigation'. The client base consists of domestic and multi-national companies, entrepreneurs and financial institutions. 'Reputable market leader' Maurus Winzap advised 40 North Latitude Master Fund on the acquisition of a significant stake in Clariant and the subsequent partial sale to Saudi Basic Industries, while the 'detail-oriented and very responsive' Thomas Meister handled the tax aspects of client JAB Holding's sale of control in Bally International to Shandong Ruyi Investment. 'Very professional' Bern-based restructuring partner Samuel Dürr and 'great VAT knowledge resource' Jan Ole Luuk are also recommended. Fouad Sayegh joined from Oberson Abels Ltd in May 2018.
TMT Tier 1
Walder Wyss Ltd 'has a strong data privacy team', while also dealing with fintech projects, outsourcing and technology transfer, as well as licensing, transactions, insolvency matters and TMT litigation. Michael Isler advised the joint venture structure of insurance consortium B3i, which aims to develop a blockchain, while 'exceptional' counsel David Vasella, who 'combines an outstanding level of expertise with creativity and professionalism', is assisting Galenica with its GDPR implementation. Mark Reutter acts for Zurich Insurance company on the re-negotiation of an existing global outsourcing agreement. Didier Sangiorgio is another name to note. Former managing associate Dirk Spacek joined CMS as partner in February 2019.
Banking and finance: Zurich Tier 2
Walder Wyss Ltd hosts 'a large team of excellent professionals in banking and finance', who stand out for their 'client-focused and forward-thinking' attitude. Focus areas include lending and structured finance transactions at a domestic or international level, regulatory advice, fund management, banking M&A and representation in investigations. 'Debt finance transaction expert' Lukas Wyss assisted Deutsche Private Equity with the leveraged acquisition financing concerning the purchase of AWK Group, while 'analytical and business-oriented' Theodor Härtsch acts as a core adviser to Perusa, Helvetica Property Investors and Equatex on regulatory issues. Luc Defferrard is another name to note.
With approximately 50 M&A professionals, sizeable firm Walder Wyss Ltd is renowned for its 'deep commercial understanding, excellent regulatory relationships, as well as its extremely practical and business-oriented advice'. Major highlights include Urs Schenker's assistance to the Burkard family with the CHF3.22bn sale of all shares in Schenker-Winkler Holding to Saint-Gobain, as well as Markus Pfenninger advice to 40 North Latitude Master Fund on its acquisition of a significant stake in Clariant . Practice head Urs Gnos, Alexander Nikitine and banking M&A specialist Patrick W Vogel, who 'demonstrates outstanding commitment, sound judgement and a deep legal understanding', are other names to note.
Walder Wyss Ltd houses 'a technically excellent, internationally experienced, strategical and collaborative' arbitration team that operates in 'a no-fuss, cost-sensitive' way. Key areas of strength include commercial, infrastructure, engineering, construction and M&A disputes, as well as awards enforcement. 'Stand-out practitioner' Michael Feit, who is recommended for his investment arbitration expertise, acted as arbitrator in the €330m ICSID dispute between claimant ACP Axos Capital and the Republic of Kosovo concerning the failed privatisation of Kosovo's postal and communications company. Michael Buhler, who is 'calm under pressure', and 'diligent' counsel Marco Stacher, who is 'excellent in cross-examinations', are also recommended.
Healthcare and life sciences Tier 2
The majority of Walder Wyss Ltd 's work in the healthcare and life sciences sector involves financial investments, M&A transactions, intellectual property and regulatory matters. Industry specialist Andreas Wildi and Basel-based corporate partner Alexander Gutmans are the key contacts.
The 'diverse team' at 'experienced and reliable firm' Walder Wyss 'practises at the top end of the legal spectrum' and provides a 'hands-on and personalised service to clients'. It is highly recommended for its private client and tax departments, while also handling banking, corporate and litigation matters. 'Highly regarded stand-out partner' Philippe Pulfer manages the Geneva office. Banking and corporate lawyer Patrick Vogel, litigator Rodolphe Gautier, 'rising star' Olivier Sigg, Hubertus Hillerström and recent arrival Fouad Sayegh, who is a tax expert, are other key names.
With offices in Zurich, Bern and Basel, Walder Wyss Ltd provides superior advice on capital markets, employment, competition, litigation, real estate, tax, intellectual property and TMT matters. Luc Defferrard, Ueli Sommer, Philippe Nordmann, Markus Frick, Magda Streuli-Youssef, Hans Rudolf Trüeb, Mark Reutter and Thomas Meister are the core partners.
Banking and finance: Geneva Tier 3
'Capable of solving complex issues', Walder Wyss' 'very efficient team' is best known for acting on financial services transactions and providing regulatory advice. In 2018, Patrick Vogel advised Bank J. Safra Sarasin on all regulatory, contractual and corporate aspects concerning its asset purchase of Bank Hapoalim's private banking divisions in Luxembourg and Switzerland. The 'calm and accessible' Hubertus Hillerström 'overcomes all obstacles during transactions'.
Walder Wyss Ltd engages in international bankruptcy and insolvency matters, with a particular focus on the representation of creditors, such as Swiss subsidiaries whose parent companies face Chapter 11 proceedings in the US. The practice also assists cross-border businesses with their restructuring needs. Counsels Christoph Stäubli and Dominik Hohler acted for the board of directors of Toys'R'Us in Switzerland during its US debtor-in-possession proceedings. Mark Reutter is another main practitioner.
Walder Wyss Ltd > Firm Profile
Walder Wyss is one of the most successful and fastest growing Swiss commercial law firms. The firm specialises in corporate and commercial law, banking and finance, intellectual property and competition law, dispute resolution and tax law. Its clients include national and international companies, publicly held corporations and family businesses as well as public law institutions and private clients.
Growth and a close relationship to its clients are the factors that determine the firm’s success. Walder Wyss was established in Zurich in 1972 and has since grown continuously. With offices in Zurich, Geneva, Basel, Berne, Lausanne and Lugano, it provides its clients with seamless one-stop-shop, personalised and high-quality services in all language regions of Switzerland.
Its strong national and international network of correspondents and partners from a broad range of disciplines are selected according to the highest standards of professional competence.
Areas of practice
Banking, finance and insurance: Walder Wyss handles domestic and international banking, securitisations, infrastructure and project finance, domestic and cross-border leasing, and structured financial instruments, as well as over-the-counter and exchange-traded derivatives. Walder Wyss advises on all aspects of Swiss securities laws and regulations.
IT, telecommunications and multimedia: Walder Wyss focuses on the interlinked and converging areas of information technology, internet, multimedia, as well as media and telecommunications law. It advises on software protection, licensing issues, systems integration contracts, and data processing contracts.
Intellectual property: the firm has a wide range of experience in protecting intellectual property rights, as well as exploiting such rights by way of licensing, franchising and merchandising.
Corporate and commercial: Walder Wyss advises on and assists in the incorporation and organisation of business activities in Switzerland, including the establishment of corporations, partnerships, limited partnerships, joint ventures and non-profit organisations.
M&A, restructuring, joint ventures, IPOs and private equity: Walder Wyss handles the structuring and implementation of corporate mergers, acquisitions and divestitures, outsourcings, shareholder agreements, takeovers, demergers, capital restructurings, repurchases of shares, management buyouts, joint ventures, reorganisations, cross-border business arrangements and other direct investment transactions. Walder Wyss advises on seed, early stage and growth financing.
Litigation, arbitration and ADR: Walder Wyss is renowned for its international arbitration and litigation practice. This is reflected both by a high number of arbitration cases, both with respect to party representation and arbitrator appointments, and a well-established commercial court practice leading to an important number of pending cases before the Zurich Commercial Court and other relevant courts throughout Switzerland.
Tax: Walder Wyss’ tax specialists advise on private and public M&A, capital market transactions, IPOs, real estate, structured finance, tax-optimised financial products and investment funds.
Competition/antitrust: Walder Wyss is proficient in all aspects of the regulation of competition. The competition team regularly handles complex merger filings in Switzerland and co-ordinates them with filings in other jurisdictions. The team is routinely involved in questions of market dominance and the design of agreements that do not violate competition law.
Private clients: Walder Wyss advises high-net-worth individuals regarding domestic and international estate planning and provides tailor-made succession solutions. Its services include drafting of wills, pre- and post-nuptial agreements, particularly matrimonial property agreements, and inheritance contracts, as well as any related contractual arrangements, all of which are drawn up in close collaboration with Walder Wyss’ experienced notaries. The firm supports relocations and taking up residence in Switzerland and the planning and setting up of appropriate structures.
|Antitrust and competition||R Jacobs|
|Corporate and commercial||M Strahm|
|Corporate and commercial||R Vonzun|
|Corporate crime and investigations||M Bühler|
|Corporate crime and investigations||M Courvoisier|
|Corporate crime and investigations||O Kunz|
|Corporate finance and capital markets||A Nikitine|
|Corporate finance and capital markets||P Vogel|
|Corporate finance and capital markets||L Wyss|
|Data protection||S Codoni|
|Data protection||J Schneider|
|Financial products/regulatory||T Müller|
|Financial products/regulatory||M Pfenninger|
|Healthcare and life sciences||D Staffelbach|
|Healthcare and life sciences||A Wildi|
|Insolvency and restructuring||A Gutmans|
|Insolvency and restructuring||C Stäubli|
|Mergers and acquisitions||U Gnos|
|Mergers and acquisitions||U Schenker|
|Mergers and acquisitions||M Vischer|
|Private equity and venture capital||L Defferrard|
|Private equity and venture capital||F Gunz Niedermann|
|Public procurement||H R Trüeb|
|Public procurement||T Müller|
|Real estate||J Bürgi|
|Real estate||F Nordmann|
|Restructuring and insolvency||D Hohler|
|Corporate finance and capital markets||R Wyss|
|Real estate||C Eichenberger|
|Litigation and arbitration||A Carbonara|
|Dr iur Johannes Buergi||View Profile|
|lic iur Martin Busenhart||View Profile|
|lic iur Samuel Dürr||View Profile|
|lic iur Luc Defferrard||View Profile|
|lic iur Dieter Hofmann||View Profile|
|lic iur Dominik Hohler||View Profile|
|Dr iur Michael Isler||View Profile|
|PD Dr iur Stefan Knobloch||View Profile|
|Dr iur Markus Pfenninger||View Profile|
|Prof Dr iur Urs Schenker||View Profile|
|Ra Daniel Staffelbach||View Profile|
|Dr iur Peter Straub||View Profile|
|Dr iur Irène Suter-Sieber||View Profile|
|Prof Dr iur Hans Rudolf Trüeb||View Profile|
Staff FiguresNumber of lawyers : 220 Number in this location : 144
LanguagesCroatian Dutch English Farsi French German Greek Hebrew Hindi Hungarian Italian Persian Polish Rhaeto-Romanic Russian Serbian Spanish Swedish
OtherContacts : J Bürgi (management board) Contacts : L Defferrard (management board) Contacts : F Gunz Niedermann (management board) Contacts : M Isler (management board) Contacts : Reto Vonzun (management board) Other offices : Basel Other offices : Berne Other offices : Geneva Other offices : Lausanne Other offices : Lugano
We are pleased to announce that our employees Alexandre Both, Michael Cartier, Michael Feit, Hubertus Hillerström and Olivier Sigg, who have been with us for many years, have been appointed as partners in our firm, effective from 1st of January, 2018.
We are pleased to announce that a new counsel, Christian Eichenberger, joined our firm as of 1st of January, 2018.
Deutsche Private Equity (DPE) acquires majority interest in AWK Group, one of the largest independent Swiss consulting companies for information technology and digitalization.
The Metall Zug Group has signed an agreement to acquire 70% of Haag-Streit Holding AG, based in Köniz, Switzerland. The transaction is expected to be consummated during the first quarter of 2018.
On 28 November 2017, Multilease AG closed its second Swiss auto lease securitization transaction involving the issuance by First Swiss Mobility 2017-2 AG (the Issuer) of CHF 267,300,000 Zero percent asset-backed Class A Notes, due in 2027, CHF 16,500,000 1.00 percent asset-backed Class B Notes, due in 2027 and CHF 14,800,000 2.00 percent asset-backed Class C Notes, due in 2027.
GetYourGuide, the leading online marketplace for travel activities, announced a USD 75 million series D financing round led by Battery Ventures. The company’s existing investors KKR, Spark Capital, Highland Capital Partners, Nokia Growth and Sunstone Capital joined Battery in its investment.
Valiant Bank AG has successfully placed a CHF250 million covered bond with a 10 year term and carrying a coupon of 0.375 percent. Moody's assigned a provisional (P)Aaa rating to Valiant Bank AG's mortgage covered bonds. Valiant Bank AG intends to have the covered bonds provisionally admitted to trading at the SIX Swiss Exchange on 5 December. The transaction is the first public covered bond issuance entirely structured under Swiss law with a Swiss guarantor. BNP Paribas (Suisse) SA and Zürcher Kantonalbank act as lead-manager.
Digital Influencer Marketing – Worldwide Legal Developments and Switzerland – Digital Influencer Marketing is a new subtle form for reaching target audiences online. Due to its’ increasing emergence as a marketing practice, governmental agencies and selfregulatory bodies worldwide have reacted with the issuance of guidelines how such practices should be conducted in a transparent manner. Also, a few court decisions have been rendered with remarkable remedies ordered. Therefore, it appears sensible to take broad look at what’s happening on our globe. In the following, we will provide (i) an overview on noteworthy legal developments with regard to digital influencer marketing in select jurisdictions worldwide, (ii) an overview on the legal status of digital influencer marketing in Switzerland and (iii) a general impact assessment for businesses in Switzerland.
Walder Wyss advises Abingworth and 5AM Venture on Nouscom’s Series B financing round. Nouscom is active in the development of tumor specific oncolytic viruses and patient specific cancer vaccines. The financing round was subscribed by Abingworth and 5AM Venture as well as by existing shareholders.
The Walder Wyss teams consists of Alexander Gutmans (Partner, Corporate, Venture Capital) and Jessica Aeschbach (Associate, Corporate).
AF Group ASA, listed at the Oslo Stock Exchange (OSE-AFG), a leading international civil engineering and construction group headquartered in Oslo, has acquired the renowned Swiss engineering and construction planning company Edy Toscano AG with 370 employees. Together with AF Consult Switzerland AG, AF Group will be among the three largest Swiss engineering and construction planning companies with a combined turnover in Switzerland exceeding CHF 100 million.
We are pleased to announce that our employees Ayesha Curmally, Michael Isler, Robert von Rosen and Stefan Knobloch, who have been with us for many years, have now been appointed as partners in our chancellery, effective from 1st January 2017.
Ayesha Curmally is a notary in the canton of Basel-Stadt, a Certified Specialist SBA in Inheritance Law as well as a lawyer in the Private Clients team of Walder Wyss. Her main areas of practice include mariage and inheritance law, estate and succession planning, settlement of estates (including distribution), corporate and commercial law and real property law. Additionally to adivsing clients and notarising deeds in these fields of law, Ayesha Curmally notarises share transfers, marriage and inheritance contracts and other transactions under German law.
Michael Isler regularly advises in complex outsourcing, technology transfer and platform projects from the conceptual and negotiation phase to dispute settlement. He further enjoys a vast experience in copyright, trademark and patent law. A particular focus of his work is dedicated to the life sciences and health sector. Michael Isler regularly publishes and lectures in his practice areas and takes an active role in several professional organizations.
Robert von Rosen’s practice focuses on domestic and international M&A transactions. He also advises corporate clients on all matters of corporate and commercial law related to their daily operation. A further focus of Robert von Rosen is banking, finance and capital markets law.
Stefan Knobloch deals primarily with international and national M&A transactions, public takeovers, private equity transactions, IPOs, debt financing, corporate governance and matters relating to company, stock exchange transaction and capital market law in general. He has overseen numerous transactions in these areas. He also prepares legal opinions in matters of law on stock exchange transactions, company law, law of obligations and law on civil procedure, as well as publishing articles and lecturing at the University of Zurich in his preferred fields of activity.
In addition, Janine Corti, Alexandre Both, Michael Cartier and Dominik Hohler have been promoted to Counsel as well as Ramona Wyss and Dirk Spacek have been promoted to Managing Associate. All promotions are effective as of 1 January 2017.
Janine Corti is working in the fields of domestic and international corporate tax and has professional experience in the financial services area. She focuses particularly on national and international restructurings, migrations, tax planning, employee participation programs, capital market transactions and M&A projects. In addition, she is at the board of the Zurich section of EXPERTsuisse.
Alexandre Both is focusing on M&A and finance transactions. His M&A experience includes private and public transactions, with a focus on domestic and cross-border acquisitions, mergers, private equity, asset and liability transfers and spinoffs. On finance transactions, Alexandre Both provides advice to lenders or borrowers in particular in relation to syndicated bank financings, real estate finance, leverage finance, project finance and structured finance. He also advises on banking, stock exchange and capital markets laws.
Michael Cartier represents parties in international arbitrations under all major institutional rules and in ad-hoc proceedings, before state courts and in enforcement and legal assistance matters. He is listed as an expert for arbitration in Who’s Who Legal 2016 and 2017. He also acts as arbitrator and is listed on the panel of arbitrators of the ICC National Committee (Switzerland). The focus of his work is on construction disputes and international commercial law. He also advises clients in white-collar criminal law matters and corporate investigations. He is an officer of the Inter-Pacific Bar Association (IPBA).
Dominik Hohler advises national and international companies regarding their restructuring, financing, establishment and expansion projects as well as with regard to reorganisation measures and insolvency. He also focuses his practice on domestic and international M&A, private equity and venture capital transactions. Additionally, he advises corporate clients on all matters of corporate and commercial law related to their daily operations. Dominik Hohler regularly publishes in his fields of expertise.
Ramona Wyss advises clients in finance and capital markets transactions, acquisitions and outsourcing projects. Other preferred areas of practice of Ramona Wyss include commercial and corporate law as well as administrative law with a special focus on energy, technology, financial markets, insurance and procurement law.
Dirk Spacek advises companies of the media- and technology-sector as well as industrial enterprises, healthcare providers, banks and insurances on the creation, procurement and commercialization of new ideas and technologies. Among various matters, he handles technology transfer- and outsourcing-projects, license, R&D- and distribution agreements, joint ventures and frequently contracts of the media & entertainment sector. In addition, Dirk has vast litigation-experience in patent-, trademark- and copyright-law and the handling of contractual and commercial disputes before state courts.
We are pleased to announce that a new partner, Roger Staub, as well as new consultants, Thiemo Sturny and David Vasella, will be joining our chancellery as of 1st January 2017.
Roger Staub is a Partner in the Information Technology, Intellectual Property and Competition Team. He represents national and international companies from various industries, such as luxury goods, pharmaceuticals, food, financial services, fashion, medical devices and media. He specialises in litigating complex cases before state courts and arbitration tribunals. In addition, he advises clients in negotiating IP and technology-related contracts and in developing IP strategies. He also works as an arbitrator in international arbitration tribunals.
Thiemo Sturny advises domestic and foreign clients in all fields of company law, including national and international M&A transactions, restructuring and questions of corporate governance. He also specialises in credit financing, capital market transactions and supporting start-up’s in private equity financing matters. Thiemo Sturny publishes regularly in his fields of expertise and is lecturing in the LL.M. post-graduate degree programme at the University of Zurich.
David Vasella advises and represents companies on all questions of information and technology law. He specializes in data protection, intellectual property and contract law, especially in connection with the monetization of data and the digitization of business processes, and supports in data protection law compliance. He regularly gives talks and publishes on his fields of expertise.
Fairfax Financial Holdings Limited (Fairfax) (TSX:FFH) (TSX:FFH.U) and Allied World Assurance Company Holdings, AG (Allied World) (NYSE:AWH) have entered into a merger agreement (the Agreement), pursuant to which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, Allied World shareholders would receive a combination of Fairfax subordinate voting shares and cash equal to USD 54.00 per Allied World Share, for a total equity value of approximately USD 4.9bn.
The joint owners of Switzerland-based Unilabs, private equity funds Apax Europe VI, Nordic Capital Fund VI ("Nordic Capital") and Apax France VII have accepted an offer from Apax IX, advised by Apax Partners LLP, for the acquisition of their respective stakes in Unilabs.
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.
Auris Medical is a Swiss biopharmaceutical company dedicated to developing therapeutics that address important unmet medical needs in otolaryngology. The shares of Auris Medical trade on the NASDAQ Global Market.
Walder Wyss advises Auris Medical on Swiss law aspects of the transaction. The team is being led by Alex Nikitine (Partner, Capital Markets, Corporate/M&A) and further includes Sarah Schulthess (Associate, Capital Markets, Corporate/M&A), Janine Corti (Counsel, Tax) and Ayesha Curmally (Partner, Notary). Davis Polk & Wardwell advises Auris Medical on US law aspects. Cooley (as to US law) and Pestalozzi (as to Swiss law) act as legal advisors to Roth Capital Partners.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Bischofszell Nahrungsmittel AG, a company of the Migros Group, has acquired a majority interest in Sushi Mania SA, a company incorporated in the canton of Fribourg. Sushi Mania specialises in Japanese cuisine and Asian gastronomy.
Baloîse (SIX: BALN) is to acquire a majority stake in publicly listed real-estate company Pax Anlage AG (SIX: PAXN). By entering into agreements with majority shareholders Pax Holding (Genossenschaft), Pax, Schweizerische Lebensversicherungs-Gesellschaft AG and Nürnberger Lebensversicherung AG, Baloîse Life Ltd will acquire around 70 per cent of the share capital and voting rights. Today, Baloîse published the pre-announcement of a public takeover offer for the remaining approx. 30 per cent of shares in free float at a price of CHF 1,600 per share (subject to dilution effects). The aggregate transaction value amounts to approx. CHF 288 mio. The transaction is subject to regulatory approvals.
Intershop has acquired the World Trade Center Lausanne as per 1 December 2016 for a purchase price of CHF 105.5 million. The acquisition represents one of the largest real estate M&A transactions in Switzerland during 2016.
Mercury Systems, a NASDAQ listed leading commercial provider of secure processing subsystems, acquires the Swiss mission computing company Creative Electronic Systems (CES).
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.
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.
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.
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.
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.
Switzerland: Patent Litigation
Published: December 2019
Authors: Markus Frick Manuel Bigler Felix Tuchschmid
This country-specific Q&A provides an overview to Patent Litigation laws and regulations that may occur in Switzerland.
Switzerland: Lending & Secured Finance
Published: March 2020
Authors: Theodor Härtsch Tervel Stoyanov
This country-specific Q&A provides an overview to Lending & Secured Finance laws and regulations that may occur in Switzerland.
Top Tier Firm Rankings
- Capital markets
- Dispute resolution: litigation
- Intellectual property
- Leading firms: Italian-speaking Switzerland
- Private client
- Public law
- Real estate and construction