ArticleCourts Offer End To Uncertainty Over Swiss STT In M&A DealsSwiss securities transfer tax (STT) remains a recurring theme in Swiss M&A transaction.SwitzerlandCorporate/Commercial LawBär & Karrer Ltd.
ArticleStolpersteine bei der AktienübertragungIn der Praxis wird der einwandfreien Übertragung von Aktien nicht börsenkotierter Gesellschaften oft nicht genügend Aufmerksamkeit gewidmet, so dass der Erwerber nicht Eigentümer der Aktien wird. SwitzerlandCorporate/Commercial LawSuter Howald Rechtsanwalte
ArticleRevised Six Regulations On Disclosure Of Management Transactions And Ad Hoc PublicityOn 1 November 2023, SIX Exchange Regulation Ltd. ('SER') announced amendments to its regulations pertaining to the disclosure of management transactions and ad hoc publicity.SwitzerlandFinance and BankingBär & Karrer Ltd.
ArticleSwiss Parliament Adopts Innovative DLT LegislationOn 10 September 2020, the Swiss Council of States (the small chamber of Swiss parliament) unanimously resolved to approve the new Federal Act on the Adaptation of Federal Law to DevelopmentsSwitzerlandFinance and BankingBär & Karrer Ltd.
ArticleContinuation Of Past Practice Regarding Introduction Of Opt-Out ClausesThe Takeover Board's practice regarding the evaluation of the validity of an opt-out clause has recently undergone several changes.SwitzerlandFinance and BankingMLL Meyerlustenberger Lachenal Froriep Ltd
ArticleInitial Public Offerings Laws And Regulations Switzerland 2024Going public may serve several goals: it may help a company gain access to a broader investor base, raise the capital it needs in order to activate its growth potential and strengthen its market position...SwitzerlandCorporate/Commercial LawBär & Karrer Ltd.
ArticleNew Rules On Prospectus And Key Information DocumentOn 15 June 2018, the Swiss parliament adopted the Swiss Financial Services Act (FinSA) and the Swiss Financial Institutions Act (FinIA). On 24 October 2018SwitzerlandFinance and BankingBär & Karrer Ltd.
ArticleRevision Of Swiss Stock Exchange Law And Corporate Governance RulesIn September 2012, the Swiss Parliament passed the draft bill for a revised Swiss Federal Act on Stock Exchanges and Securities Trading.SwitzerlandCorporate/Commercial LawWalder Wyss Ltd.
ArticleBanking Regulation 2023 - 10th EditionIn the aftermath of the financial crisis of 2008/2009, Switzerland launched a massive overhaul of its financial regulations. These reforms followed several objectives.SwitzerlandFinance and BankingBär & Karrer Ltd.
ArticleWho Is The Beneficial Owner Under The New LETA? Part IOn 1 October 2026, Switzerland will introduce new transparency requirements under the Federal Act on the Transparency of Legal Entities and the Identification of Beneficial Owners ("LETA" or "Transparency Act").SwitzerlandCorporate/Commercial LawVISCHER
ArticleSwiss Reaction To Possible Expiry Of EU Equivalence Assessment For Swiss Stock Exchange RegulationOn 30 November 2018, the Swiss Federal Council passed an ordinance designed to remedy the possible expiry, at the end of this year, of the EU Commission's decision ...European UnionFinance and BankingBär & Karrer Ltd.
ArticleSimplification Of The Sustainability Frameworks: Swiss And EU UpdatesLegislators in Switzerland and the EU are taking significant steps to simplify their respective sustainability reporting and corporate sustainability due diligence frameworks.SwitzerlandCorporate/Commercial LawLenz & Staehelin
Article连接中瑞:中国公司在瑞士证券 交易所(SIX)上市全球存托凭证 (GDR)之兴起。被存托的证券系已在本国上市的基础证券。中国上市公司在境外二次上市受到严格的国内法规约束, 作为可选途径,在SIX的GDR板块上市更具吸GlobalCorporate/Commercial LawKellerhals Carrard
ArticleNew Amendments To Swiss Federal Act On Stock Exchanges And Securities Trading Strengthen Rules On Insider Trading, Introduce Other Important ChangesIn September 2012, the Swiss parliament approved a draft bill to revise the Swiss Federal Act on Stock Exchanges and Securities Trading (SESTA) and thus create a more stringent capital market criminal and regulatory law (New SESTA). SwitzerlandCorporate/Commercial LawWalder Wyss Ltd.
ArticleMargin Calls – How Can Investors Protect Their Position?Following the recent market shakedown amidst the Covid-19 pandemic, banks have been issuing margin calls to their counterparties.SwitzerlandFinance and BankingLalive
ArticleMergers & Acquisitions 2023Swiss M&A transactions related to public companies are mainly governed by the Swiss Financial Market Infrastructure Act ("FMIA"; including its implementing ordinances) and the Swiss Federal Merger Act ("MA").SwitzerlandCorporate/Commercial LawBär & Karrer Ltd.
ArticleThe Swiss Passporting Regimefor Foreign ProspectusesUnder the Swiss passporting regime for foreign prospectuses, eligible foreign prospectuses and base prospectuses may be used for securities offerings in Switzerland without a Swiss approval process. SwitzerlandCorporate/Commercial LawSchellenberg Wittmer Ltd
ArticleAlternative Investment Funds 2023The establishment and operation of Alternative Investment Funds ("AIFs") (and their managers) is governed by the Federal Act on Collective...SwitzerlandFinance and BankingBär & Karrer Ltd.
ArticleSIX Exchange Regulation Publishes Guideline On Its Revised Directive On Regular Reporting ObligationsThe SIX Swiss Exchange Directive on Regular Reporting Obligations has been revised, effective as of 1 September 2024. SIX Exchange Regulation has published a Guideline on the revised Directive. SwitzerlandCorporate/Commercial LawAdvestra