Niederer Kraft Frey



Practice area

IFLR1000 Reviews

Financial and corporate

Niederer Kraft Frey is one of the strongest firm in Switzerland and ranks highly across all practice areas.

In banking and finance, the firm acts for both the lenders and borrowers on various domestic and cross border transactions including acquisition finance, secured credit facilities and real estate finance. It also advised Hypothekenbank on its disposal of loan portfolios.

In capital markets, the firm advised the Landis+GYR on an exit by way of private placement and IPO. It also acted as counsel for underwriters for Credit Suisse and JPMorgan in Sensirion’s IPO. Elsewhere it has advised shareholders on accelerated bookbuildings and public tender offers. In the debt space, the firm acted for arrangers, bookrunners and managers in auto lease securitisation transactions in relation to asset backed notes. It also acted for the issuers in the issuance of hybrid and convertible bonds.

In restructuring and insolvency, the firm has been acting across several bankruptcy proceedings acting for the distressed companies. In debt restructuring, it acted for creditors and arrangers in cross border mandates. 

Finance and corporate lawyer Till Spill joined the firm from Bär & Karrer.

Key clients include Credit Suisse, JPMorgan, CLS Group Holdings and Actelion.

Client feedback

"High-end and high-quality legal firm which shows in the level of services rendered and the price tag. Mr Werder, lead corporate counsel, was available day and night as our key lawyer on all our Swiss transactions. While I know he worked with other clients at the same time, we always felt like we were his key priority. He was a hard negotiator, taking the hits for us, and fighting hard for reasonably risky concepts. Mrs Schmucki (tax, structuring) has repeatedly outperformed our expectations, with the right level of pragmatism, simple advice (i.e. straightforward, quick recommendations without long structuring papers) and technical knowledge and focus on details. We also used the debt team (von Salis) for various (re-)financings and kept coming back to them, as the banks accepted them on the other side for us, while at the same time feeling they were really getting the best terms for us on the legal side as well. While hourly rates are high, a proactive discussion of expectations and scopes have kept overall project budgets reasonable, as actual hours spend seem to have been accounted for fairly." – Banking, capital markets, M&A