Switzerland

Reviews

Practice area

IFLR1000 Reviews

Overview

Solicitors governing body: Swiss Bar Association

Principal cantonal bar associations: Geneva Bar AssociationZurich Bar AssociationVaud Bar AssociationBern Bar Association

Competition authority: Competition Commission

Financial regulator: Swiss Financial Market Supervisory Authority (FINMA)

IFLR1000 ranking categories in this jurisdiction: 

Financial and corporate (published October) - Banking and finance, Capital markets, M&A, Restructuring and insolvency

Jurisdiction overview

As with most of Western Europe, Switzerland has a civil law legal system. However, the jurisdiction is divided into 26 cantons, each of which has a separate constitution, government and court system. Swiss federal law does take precedence over cantonal law, but each canton has its own bar association, and its own set of laws. Switzerland also has three official languages, German, French and Italian, which are used concurrently across the country, subject to region. 

This language disparity and variety in cantonal law has resulted in the Swiss legal market developing in a very fragmented way. This means that relatively few, for a jurisdiction of Switzerland’s prominence, nationwide firms are active, and most firms tend to operate only in either the French or German speaking areas, with a minority working in the Italian speaking regions.

In general, most of the country's private banking and finance work is done out of French speaking Geneva, while most corporate and commercial law is handled from German speaking Zurich.

Swiss legislation allows for any qualified lawyer of the EU or the EFTA to practice in the jurisdiction, and the decision to allow international firms to open in Switzerland is not governed by federal law, allowing for free trade in legal services. However the market is historically very stable and sees very few lateral moves, which could to some extent explain the limited numbers of international players attempting to enter the market. One exception to this is Baker & McKenzie, who have been present in Geneva and Zurich for more than 50 years.  

There have been recent efforts to simplify the Swiss legal system, including development of the Swiss code of civil procedure 2011, which has allowed lawyers more freedom to practice between cantons, and the establishment of the Swiss Bar Association. 

John Crabb - Journalist - EMEA

Financial and corporate
Bär & Karrer

Bär & Karrer is one of the leading firms in Switzerland and has extensive reach over Switzerland covering German, French and Italian speaking parts of the country. Known to act on large transactions for financial institutions and corporations the firm is strong across all practice areas.

In banking and finance the firm has one of the strongest transactional offerings in the country. Acting for large international credit institutions, the firm advises on multijurisdictional project financing, acquisition and corporate financing and syndicated loans. It is notable for acting on complex and innovative deals with one recent highlight being in the fintech sector where it advised on novel blockchain securities lending transaction. 

The banking team also acts alongside its capital markets team advising the banks as arrangers on bond issues to finance acquisitions. Financial institutions mandate the firm on regulatory work in relation to new changes in Swiss Law. The firm has strong position in equity capital markets and its strong relationship with financial institutions often mean the firm advises the underwriters on IPOs but issuer side counsel is common too. The firm also advises issuers and banking syndicates on rights offering of Swiss corporations. Its debt side strength lies in bond issues advising Swiss corporations on placement in the Swiss market. 

M&A is another strong feature of the firm. Active on both private and public deals the firm advises a mix of domestic and international clients on sale and acquisitions across wide range of sectors including healthcare, automotive, insurance and technology. The firm also advises private equity firms on investments in Swiss companies. 

The firm's restructuring and insolvency practice focuses on out-of-court restructurings and advises investors and asset managers on acquisition of distressed companies. It also advises debtors, shareholders and creditors on insolvency cases. 

During the research period, the firm hired Martin Anderson and Frédéric Bétrisey from Baker McKenzie to strengthen the banking and corporate practice areas. Private M&A lawyer Phyllis Scholl left the firm to join Baryon Law firm. 

Recent Deal Data highlights

•Ankara - Nidge Highway Project

•CEVA Logistics SIX Swiss Exchange IPO

•Partners Group €2 billion acquisition of Megadyne and Ammeraal

•Vontobel SFr450 million 2.625% and floating rate notes issue

•Novartis €2.25 billion notes placements

•Idorsia SFr200 million 0.75% convertible notes issue

•Swiss Re $1 billion 5% guaranteed subordinated bond issue

•Saint-Gobain SFr3.22 billion acquisition of outstanding shares of Schenker-Winkler Holding

Client feedback

"Very good understanding of the Swiss financial market; they work very carefully and are business oriented." – Banking 

"Quick communication, good technical advice, professional service and good understanding of our business." – Banking

"High quality lawyering with a responsive and commercial service." – Banking 

"Very experienced and good sense for straight-forward solutions, rather than academic exercises." – Capital markets: debt

"High availability, quick answers and high quality output." – Capital markets: debt

"Very knowledgeable and reliable." – Capital markets: debt

"Excellent Great overall quality of entire team, very consistent." – Capital markets: equity

"Highly skilled team!" – Capital markets: equity

"Great work!" – Capital markets: equity 

"Very experienced high quality work and trusted legal advisor." – Capital markets: equity

"Leading law firm in Switzerland, highly effective internal network of legal experts, strong interdisciplinary collaboration between departments (M&A, capital markets, tax, etc.), very commercial and deal orientated." – Capital markets: equity

"High Quality work, knows relevant counter-parties in Switzerland, very relevant and hands-on advice fast and reliable." – M&A

"Very professional." – M&A

"Commercial acumen, eye for detail, good process management skills and flawless execution." – M&A

"Thorough in their advice, and offered practical solutions." – M&A   

"Very diligent, professional and timely advise." – Restructuring and insolvency

Alexander von Jeinsen

"Excellent!"

"Excellent technical knowledge, very efficient and hardworking."

"Alexander is a rising star in capital markets law. He is technically very strong and has already an impressive track-record of deals. He is an excellent project manager who gets work done in complex situations and under tight deadlines."

Cédric Chapuis

"Excellent lawyer with a wonderful personality."

Christoph Neeracher

"Very responsive and great work results."

"Christophe is an excellent M&A lawyer with great commercial skills and a big network, focused on making the deal happen."

Daniel Flühmann

"Detailed sector specific knowledge which is appreciated and willing to get involved with things that could add value."

Daniel Raun

"I have worked with Daniel on a number of deals in the past 10 years. He is an exceptionally talented lawyer."

Frédéric Bétrisey

"Excellent work, accessibility and meeting challenging deadlines."

Tatiana Ayranova

"Excellent work and accessibility."

Michael Trippel

"Possesses a good critical mind and is able to address all potential and actual queries that a client would have in a transaction. He offers practical solutions and is thorough in his assessment of issues."

Peter Hsu

"Peter is a straight up intellectual and astute lawyer, and it always a great pleasure to deal with him."

Rashid Bahar

"Extremely good knowledge of the financial regulation and works very carefully and meticulously."

Thomas Reutter

"Very experienced and seasoned lawyer; great to work with."

"Highly skilled and quick, business-minded and very accessible."

"One of the most experienced and proficient capital markets lawyer in Switzerland. Highly knowledgeable, responsive, hard-working and pragmatic with a clear goal to get a transaction done."

Rolf Watter

"Simply the best! Skill-level and business mind-set is unmatched. Very accessible and hands-on."

Daniel Raun and Thomas Reutter

"Very solution focused, driven and cost-effective."

Bratschi

Bratschi is a full service firm that focuses on advising medium-sized enterprises and regulated sector companies.

In banking and finance the firm has a strong reputation for regulatory work. It advises a mix of domestic and foreign regulated sector companies on Swiss Financial Market Supervisory Authority (FINMA) related applications and issues, AML and other Swiss matters. In the transactional space the firm has advised both lender and borrowers on a mix refinancings, syndicated financing and debt restructuring. The firm has also picked up advisory work for several fintech start-ups in relation to block chain regulations and potential ICOs.

In M&A the firm often acts as Swiss counsel on cross border transactions. It advises a mix of buyers and sellers active across several sectors including technology, retail and manufacturing.

The firm's restructuring practice is active in the restructurings of multinational entities, representing a mix of creditors, liquidators and investors. 

Recent Deal Data highlights

•Addtech acquisition of Omni Ray

•Assa Abloy acquisition of Planet GDZ

•CorFlow Therapeutics $9.7 million seed financing

•Dentsu Aegis Network acquisition of Namics

•MPS acquisition of Tata interactive systems

•Nederman Holding SFr28.5 million acquisition of Luwa Air

•Piquadro acquisition of Lancel International 

•Semtech International $8.4 million acquisition of Trackio International

Client feedback

"Very professional approach with high-level solutions." – Banking 

"Great availability, clear and concise advice, thoughtful, strong communication, in-depth knowledge of cases and good legal insights." – Capital Markets: Equity

"The team was pragmatic, always ahead of the curve, and much more detail oriented than the counter party lawyers." – M&A

"Conscientious and trustworthy." – Real Estate

Christian Stambach

"Excellent work. Knowledgeable both in our business and in M&A, great team leader and team player."

Ion Eglin

"Conscientious and trustworthy."

Reto Arpagaus

"Top professional with an in-depth knowledge of the industry."

Thomas Peter

"He has a clear view, which he can articulate accurately, and concisely.  He is a great problem solver and considers various options. He can give you clear explanations on the pros and cons of various options and the reason why he has not pursued certain options."

burckhardt Ltd

Burckhardt is a boutique law firm that focuses on advising SMEs them on financial and corporate transactions in Switzerland. 

In the banking space the firm sometimes works alongside international law firms to take on cross border transactions, advising borrowers on security interests and pledges. The firm frequently advises lenders on small and mid-cap loan agreements such as acquisition financing transactions. It has also developed specialism in the asset finance space where it advises its clients on the financing and leasing of aircrafts, rolling stocks and other movable assets.

In M&A the firm largely assists private companies on domestic and cross border transactions. It also works alongside international law firms on the acquisitions of Swiss entities. In the last few years the firm hired two corporate lawyers who have overseen the growth of the private equity and venture capital offerings at the firm.

During the research period the firm hired former general counsel of Tamedia group Sandra Hanhart as the new corporate and M&A partner. 

CMS von Erlach Poncet

CMS von Erlach Poncet operates from Zurich and Geneva offices in Switzerland and is part of the global CMS network. The firm advises on financial and corporate work utilising its network to take on cross border mandates. In Switzerland, it is notable for its insurance and real estate practices.

In banking and finance the firm advises both financial institutions and multinational companies in their capacities as lenders, borrowers and guarantors in corporate finance, security agreements and debt restructurings. The team also provides asset finance and trade finance advice to both the lenders and borrowers. 

In the capital markets space the firm advises shareholders of publicly listed companies on Swiss regulations in relation to compliance and takeover transactions. 

In M&A the firm focuses on upper-mid market transactions, advising Swiss listed entities and international companies on a mix of public takeovers, joint ventures, sales and acquisitions under Swiss and foreign laws. It also advises private equity firms on cross border and domestic transactions across a range of sectors. 

In restructuring and insolvency the firm is mostly active on the creditor’s side advising on enforcement and bankruptcy proceedings. It also advises distressed companies on international insolvencies, debt restructurings and ancillary proceedings. 

Recent Deal Data highlights

•AFINUM and SHS V Medtech Investments acquisition of Evitria

•Assa Abloy €567 million acquisition of 53.75% stake in agta record

•Brooks Automation $16 million acquisition of Tec-Sem Group

•CCC SFr10 million acquisition of 70% of Karl Vögele

•Conzzeta acquisition of ISAtec

•CymbiQ Group acquisition of Anovis

•Novelis €200 million acquisition of Constellium rolling business assets

•Planzer group acquisition of Leimgruber

Client feedback

"The firm provides prompt and competent advices." – Banking

"CMS is a trusted law firm. The team consistently provides timely and thoughtful advice on a wide range of financing matters. André E. Lebrecht, in particular, is a very knowledgeable and dedicated lawyer." – Banking

"Very clear analysis of legal risk, with high quality delivery." – Banking

"Very responsive. Good knowledge of the financial industry and solution driven" – Banking

"The firm provides innovative solutions that are adjusted and amended for pragmatic implementation. The global network of CMS is quite helpful to address the specificities of each country involved: USA, China, UK, Switzerland, and Hong Kong." – Banking

"Brings different disciplines together to form a team very much focused on our objective."– Restructuring and insolvency

André E. Lebrecht

"André is an excellent lawyer with deep knowledge of finance and M&A matters. He is also a pleasure to work with."

Daniel Jenny

"Strong communication, creative and open to involve other disciplines."

Kaspar Landolt

"Kaspar provides very professional and client focused advices."

"I like the way Dr. Kaspar interacts. He provides well timed responses and quality feedback."

"Kaspar is very easy to approach and is normally quick to respond. He provides clear and structured advice and keeps an eye on quoted costs."

Pascal Favre

"Extremely pragmatic at addressing key issues and is very reliable." 

FBT Attorneys-at-law

FBT Attorneys-at-law focuses on the regulated industry advising banks and investment funds on a mix of transactional and regulatory mandates. 

The firm is often engaged by banks on licensing and compliance mandates. The firm also acts on fund formations and advises investment and private equity funds on their domestic and cross border investments. In recent times the firm has developed fintech expertise through advising start-ups on licensing issues. 

Client feedback

"Excellent knowledge of financial regulation and clients' needs. Proactive and solution oriented." – Banking

"Excellent, responsive, extremely knowledge and pragmatic." – Banking

Frédérique Bensahel

"Bensahel has a first class knowledge of the industry and its regulations. She is easily accessible, reliable and a pleasure to work with."

Pierre-OlivierEtique

"Simply the best. Very knowledgeable and pragmatic. Truly understands the law but also the regulatory institutions and timelines. I have already recommended him to several clients and friends."

Froriep

Froriep has a strong banking and finance team. It also advises on M&A and restructuring and insolvency work. It has offices in London and Madrid.

In the banking space the firm's transactional work includes advisory roles for multinational banks and investment entities on a mix of credit facilities, and acquisition, real estate and asset financings. The team also has strong regulatory practice and in recent years it has developed a strong offering in the fintech sector advising its clients on matters such as licencing, analysing tokens and AML issues.

The firm also specialises in the funds space advising investment vehicles and real estate funds on investment products under Swiss law. 

In M&A the firm focuses on the private sector advising on mid-market transactions. Start-ups and real estate investors are reoccurring clients. It also has expertise across technology and banking sector. 

In restructuring and insolvency the firm is notable for advising creditors and trustees on cross border in-court and out of court restructurings.

During the research period the firm brought in partner Hubert Orso Gilliéron, a former Baker Mckenzie partner, and of counsel Laurent Develle, formerly Louis Dreyfus Company chief legal officer, to strengthen the M&A practice. 

Recent Deal Data highlights

•BFW Liegenschaften $24.5 million share buyback programme

•Dogus Group financing

•Másmóvil €55 million acquisition of Lebara España

•Perusa Partners Fund II acquisition of Secura Industriebeteiligungen

•SenioResidenz Berne Exchange IPO

Client feedback

"Froriep is commercially good and their personal approach makes clients feel comfortable. They do this by understanding clients' needs and very hands on approach." – Banking

"Very on point advice, commercial guidance and fast response times." – Banking

"Froriep are very reactive and proactive. They are easy to get hold of and are fair and pragmatic on fees. They give good advice and seek to get deals done and find solutions." – Banking

"Very professional." – Capital markets debt

"Overall, we were satisfied with the service. They were knowledgeable and thorough. Response times at certain point could have been faster." – M&A

"Competent, motivated and professional" – M&A

Catrina Luchsinger Gähwiler

"Extremely smart and hands on approach. She understands her clients' needs."

Dunja Koch

"It was a real pleasure to work with Dunja. We really appreciated the pragmatic and sound legal advice she gave us and also her availability and swift responses against our, sometimes, challenging deadlines. As EIB's requirements and contractual standards are different in certain aspects from the commercial banks, we particularly appreciated that Dunja understood these differences very quickly and provided us tailor-made advice which fits best our needs."

"Very friendly and professional approach."

"Excellent."

Jérôme Pidoux

"Excellent."

L. Mattias Johnson

"Competent, professional, smart and reliable."

Mark Montanari

"Bright and always on hands on approach. Knows how to put clients at ease."

Homburger

Homburger has a strong reputation in Swiss market. Although present only in Zurich, the firm has established itself as a leading firm capable of advising large international clients on global and leading Swiss transactions across the board.

The firm has a strong banking and finance practice where it advises large financial services providers on syndicated loans, acquisition finance and revolving credit facilitates. On the borrower side the firm advises leading Swiss corporations and international funds and corporates on corporate financing in relation to activities in Switzerland. 

The firm's corporate team has a strong private M&A practice advising on some of the largest global deals with Swiss elements. Acting on a mix of acquisitions, mergers and divestments the firm typically advises Swiss entities, foreign funds and global corporations. 

The firm's equity capital markets offering is one of the strongest in Switzerland. Advisors to issuers and underwriters the firm acts on IPOs, rights offering, capital raisings and accelerated book buildings in the SIX stock exchange. In debt space its expertise includes work on the issuances of different types of debt securities such as TLAC and AT1 instruments for financial institutions. It acts on innovative products for international and domestic issuers on listing in international stock exchanges. The firm's debt capital markets expertise extends to fintech sector too where it acted on the issuance of first crypto-asset-linked collateralised Exchange Traded Product. It also advises investors on investments in debt securities. 

In the restructuring space the firm advises its clients on contentious and non-contentious corporate restructuring and insolvency mandates. It represents creditors and restructuring companies in insolvency proceedings.

Recent Deal Data highlights

•Canada Pension Plan Investment Board and TCV €2.1 billion acquisition of stake in Sportradar

•CEVA Logistics SIX Swiss Exchange IPO

•Hitachi $11 billion acquisition of ABB Power Grids business

•HNA €700 million refinancing

•Medcata Group SIX Swiss Exchange IPO

•Sika Capital €1 billion dual tranche bond issue

•Sika SFr1.3 billion acquisition financing

•Sunrise SFr6.3 billion acquisition of UPC Switzerland

Client feedback

"Highly reputable law firm with strong individuals and reliable and pragmatic advice." – Banking 

"Very professional, practical, concise and timely advice. Demonstrated substantial experience and provided solutions regarding complex matters." – Banking

"Benjamin Leisinger and Andreas Josuran are very diligent and knowledgeable on any regulatory matters, and nice to work with." – Capital markets: debt

"Gold standard in Swiss capital markets and M&A legal advice, technically brilliant, 100% reliable, responsive and commercial." – Capital markets: equity

"Efficient and focused in finding pragmatic solutions." – M&A

"I am generally very satisfied with the services Homburger is providing. I particularly like their work ethic, professionalism and dedication, always putting the client first. Their work is always done in an exceptionally structured and target-oriented manner with the intention of generating real benefit for the client." – Restructuring and insolvency

Benedikt Maurenbrecher

"Benedikt distinguishes himself through his great professional knowledge and experience, which allows him to remain calm and act with consideration even in stressful times. He is a quick thinker who always sees the big picture and considers questions holistically in their overall context. When it comes to finding solutions, he thinks ahead and also pursues unconventional approaches."

Benjamin Leisinger

"Very knowledgeable, curious, very responsive and nice to work with."

David Oser

"Very creative and pragmatic who always looks for a good solution even under time pressure."

Frank Gerhard

"Technically a class of its own, quick thinker, impressive analytical skills, pragmatic and always keeps the big picture in mind."

Georg Naegeli

"Very professional advice on complex matters demonstrating his excellent knowledge and experience."

Hansjürg Appenzeller

"Excellent legal advice, always coming up with pragmatic solutions and very cost efficient."

Julian Schwaller

"Very professional advice on complex matters and very supportive in providing solutions to the client."

Lorenzo Togni

"Rising star in the field of capital markets law, internationally trained in London and New York with a great network among banks and PEs and broad experience, technically brilliant and very hard-working."

Lenz & Staehelin

Lenz & Staehelin is one of the leading Swiss firms that is a common name in large transactions in the financial and corporate area. 

Strong in the banking area, the team advises corporate borrowers on leveraged acquisition finance on large multi-jurisdictional transactions. The team's expertise also extends the lending side where it advised banking syndicate on multi billion dollars financing of Glencore during the research period. 

In capital markets, the firm has strong presence in the equity field often advising a mix of underwriters and issuers on IPOs in the SIX Swiss Exchange. It advises Swiss public companies on various capital raising issues and public offerings. The firm has notable underwriter counsel experiences across the equity transactions. Both the banking and capital markets team has also been engaged in the fintech sector advising on novel transactions such as the blockchain securities lending and public offering of tokenised shares. 

The firm's M&A practice is one of the firm's leading practice and is often the front-runner on the volume of deals in a given year. Active in both private and public M&A, the firm has advised on some of the largest takeovers in Swiss market. The firm has a strong portfolio of domestic clients; however, its advisory role for international clients is just as strong. It advises foreign funds, private equity firms and large corporations on acquisition of Swiss companies. 

In the projects space, the firm is active on infrastructure projects where it advises a mix of project developers, operators and investors on all matters such as investments, regulatory approvals and public procurement. 

The firm has strong presence in restructuring and insolvency area working on some of the largest insolvency cases in the retail market. Typically linked to the creditors, the firm also advises distressed companies on restructuring procedures.

Recent Deal Data highlights

•Agrokor Group restructuring

•Legend Holdings $1.8 billion acquisition of Banque Internationale à Luxembourg

•Nord Stream gas pipeline 

•Sika SFr1.3 billion acquisition financing

•Sika SFr2.5 billion acquisition of Parex

•Sunrise SFr4.1 billion rights offering

•Sunrise SFr6.3 billion acquisition of UPC Switzerland

•Stadler Rail SIX Swiss Exchange IPO

Client feedback

"Excellent, pragmatic and focused advice." – Banking 

"L&S has a deep understanding and knowledge of the banking laws and regulations. It has very experienced lawyers who are well aware of the market practices. The lawyers are very reactive and provide both in-depth legal analysis and pragmatic solutions." – Banking 

"Lenz is without doubt one of the highest quality Swiss law firms. Their lawyers are expert, rigorous and responsive." – Banking 

"Top-notch! Excellent legal skill set, thoughtful, practical, responsive and user-friendly." – Banking 

"Very efficient, quickly available and highly experienced." – Banking 

"Professional and timely." – Banking 

"Highly professional, competent, utterly reliable, efficient international and cross-border networks, excellent view of the market and a very good understanding of the business and client's needs." – Banking    

"The firm has provided innovative solutions and managed to find several consensus in a short time." – Banking   

"Strong availability of the law firm's partners and associates, despite high level of success and solicitations. Strong international network and strong involvement in the industry think tanks." – Banking 

"L&S are very thorough and deliver high quality work. They are also pragmatic and deliver on time." – Banking 

"Very professional, wide expertise and in-depth knowledge of the various topics." – Banking 

"Very professional on legal support and understands the product and customer's requirements. Takes a leading role in contract negotiations and always open to provide opinions based on experience." Capital markets: debt

"They always provide sound and reliable advice, act in a collegial manner and are good team players." – Capital markets: equity

"L&S provided excellent service. They know the laws and regulations well and meet the deadlines. They have strong social skills and are very pleasant to work with." – Capital markets: equity

"Very good, fast and committed." – M&A

"Very fast processing; goal focused; client oriented; very competent lawyers, both in technical and communicative terms, and very helpful and friendly employees." – M&A

"The firm and, in particular, their M&A team stand out on account of their legal expertise, practicality and ability to handle complex matters extremely smoothly. They know the Swiss market very well, are personally easy to work with, very reliable and always available. Definitely one of the best outfits we have come across." – M&A

"Great M&A firm, very knowledgeable and thorough." – M&A

"Client oriented, meets the deadline, problem solver and produces relevant reports." – M&A

"Very professional, efficient, responsive and creative." – M&A

"Top quality, high reliability, responsive, knowledgeable and customer-oriented." – M&A

"Top quality firm - bright lawyers and practical advisors." – M&A 

"Professional, reliable, knowledgeable and reasonable commercial approach." – M&A

"They are reliable, proactive, and combine a practical approach with the required level of protection and care." – M&A

"Strong reputation, very effective working-style, reliable and focused." – M&A

"The L&S team were fantastic. They were very commercial and practical in their advice. They were good at making sure we understood the nuances of the legal situation in Switzerland." – Restructuring and insolvency

"Very professional legal work and flexible availability during very challenging times due to financially stressed situation." – Restructuring and insolvency

"The firm was very informed and commercial minded in their advice. It was a great experience." – Restructuring and insolvency

"Excellent, proactive and practical advice on dealing with the Swiss issues, recognition and challenges in relation to gathering data from the Swiss entity." – Restructuring and insolvency

"The restructuring and insolvency team, particularly Roland Fischer, were technically very strong and excellent to work with." – Restructuring and insolvency

"Very structured approach, very responsive and easy to work with." – Restructuring and insolvency

Andreas Rötheli

"Practical and available."

Beat Kühni

"Very professional, efficient, responsive and creative."

Benoît Merkt

"Top-notch! Excellent combination of thoughtful analysis and practical approach."

Fabiano Menghini

"Extremely dependable, very good knowledge on M&A and the financial terms of the projects, very good communication skills and very good project management skills."

Floran Ponce

"Finds complex solutions."  

François Rayroux

"Extremely professional, dedicated, one of the best specialists in Switzerland in Asset Management, Investment Funds, SICAVs, and banking business in general."

Jacques Iffland

"Jacques is just fantastic. He has an unmatched knowledge of the financial services space in Switzerland and always provides timely, commercial and practical advice. Jacques always makes himself available and provides innovative advice at the cutting edge of innovation and financial services."

Laurence Vogt Scholler

"Highly experienced and quickly available."

Marcel Tranchet

"Excellent lawyer, responsive, smart and commercial."

Matthias Wolf

"Highly intelligent, responsive and pragmatic."

Roland Fischer

"Roland is very user friendly. He is very accessible and gives commercial and clear to follow advice."

"Roland Fishcer was technically very strong and excellent to work with."

"Excellent legal knowledge, structured and responsive."

Rudolf Tschäni

"Excellent lawyer with outstanding legal and personal skills, very knowledgeable, trustworthy and high degree of business acumen." 

"Top-Senior-Lawyer and highly respected."

"Great, commercial and responsive."

Shelby Du Pasquier

"Very knowledgeable and experienced, provides practical solutions and delivers timely work of excellent quality."

"Shelby is one of the leading Swiss banking, finance and regulatory lawyers. His knowledge of the Geneva financial services sector is unrivalled and his many years of experience as a lawyer operating at the peak of his profession make him a go-to lawyer for us."

"Master of strategy and deep knowledge of us and Swiss regulatory law." 

"Extremely competent, great judgment, global view, outstanding network and influence and proactive."

Stephan Erni

"Stephan is extremely solution-oriented in his work and must be singled out for his ability to assist in finding commercially sensible and workable implementation for legal issues. Within his age group, Stephan certainly ranks among the top M&A lawyers in Switzerland."

Tanja Luginbühl

"Tanja was fantastic. She is exceptionally bright, delivering quality advice and managing her team and the transaction very well. She was a pleasure to deal with."

"Calm under pressure and practical in offering solutions."

"Great, commercial and responsive."

Tino Gaberthüel

"Excellent, quick and committed."

"Competent, leader, yet a solid team player; stirs the client very diplomatically in the right direction when the client is wrong."

"He is professional and reliable."

"He is reliable, proactive and combine a practical approach with the required level of protection and care."

Shelby Du Pasquier and Fedor Poskriakov

"Shelby Du Pasquier and Fedor Poskriakov are experts and cooperative co-counsels, with keen practical sense. They also have a great feel for and familiarity with the US law. I would entrust any matter to them without hesitation."  

Loyens & Loeff

Loyens & Loeff is an international law firm that operates from Zurich in Switzerland. It is active in banking and finance and M&A practice areas and utilises its global presence to take on cross border transactions.

Large international banks and financial institutions are among the firm’s banking and finance clients. Advising them in their capacity as lenders and arrangers, the firm acts on corporate lending transactions. The firm is equally active on the borrower side advising a mix of international and domestic companies on similar transactions. The team also advises on debt restructurings.

In M&A the firm advises Swiss multinational clients and private equity firms on large cross border transactions. Private equity firms and investment companies from Americas and Asia have sought out firm's legal advice on public and private acquisitions and joint ventures during the research period. 

In 2019, the firm hired new corporate partner Andreas Hinsen from Lenz & Staehelin. 

Recent Deal Data highlights

•Bacardi $5.1 billion acquisition of Patrón Spirits International

•China Three Gorges led consortium $1.39 billion acquisition of Chaglla Hydroelectric Plant

•Covis Pharma $350 million financing

•KAEFER Group €730 million refinancing

•Kongsberg Automotive €275 million 5% bond issue

•Platinum Equity $630 million acquisition of Lonza Water Care business

•RRJ Capital acquisition of Gategroup Holding

•Shanghai Pharmaceuticals $144 million acquisition of Takeda Chromo

Client feedback

"Top quality work. They deliver under immense time pressure and the partner and her team members are super responsive. They also take a commercial approach when needed in order to move matters along. It is a great pleasure to work with them and Judith Raijmakers deserves a special mention, as she is a great lawyer and a pleasure to work with. She can be counted on in the most difficult situations." – Banking

"We were very happy with Loyens & Loeff's performance. They are highly responsive and knowledgeable. I would specifically stress the extremely smooth interaction between their tax and banking teams, which really made our life easier." Capital Markets: Debt

"The firm has provided efficient and effective advice that is tailored to our needs and circumstances. The firm has been highly responsive and a pleasure to work with." – M&A

"The firm responds swiftly, with sound advice and commercial thinking. Compared to other premier Swiss firms, the breadth of its services is a bit thinner." – M&A

"Some of the most thorough work in the industry. Loyens & Loeff as a firm pioneers in making sure every angle of the case is analysed and theorised to the extent possible. Very strong and bounded team; highly responsive and timely." – M&A

"LL was very responsive and provided excellent support. I will continue to work with them on any local law matters." – M&A

Marco Toni

"Marco is an excellent lawyer, who understands the needs of a US-based company with significant presence in Switzerland and the rest of Europe. He provides excellent solutions tailored to our business and circumstances in a practical and efficient way."

"Marco is very pragmatic with a strong legal knowledge and commercial understanding."

"Highly diligent and extraordinary individual."

"Marco is great.  He is very responsive, professional and a great lawyer."

Judith Raijmakers

"Very knowledgeable and solution-oriented banking lawyer. Always responsive."

"Judith is super responsive and available at all hours to assist with urgent queries. She demonstrates an in-depth knowledge of her speciality and is a very commercial lawyer. She can be relied on to resolve issues effectively and efficiently. Highly recommended with the greatest confidence."

Meyerlustenberger Lachenal

Meyerlustenberger Lachenal operates from four offices and is active across the financial and corporate area. The firm has notable banking and finance, M&A and capital markets offerings.

In banking and finance the firm's recent transactional work has included a mix of bilateral and syndicated loans working for borrowers. The firm has also developed fintech sector expertise through advising technology companies and financial institutions on cryptocurrency and blockchain mandates.

In the debt space the firm's capital markets team recently advised issuers on bond sales in the real estate and healthcare sectors. In the equity space the firm picked work on an IPO and rights issue as issuer’s and bookrunner’s counsel respectively.

In M&A the firm advises a mix of private equity firms and corporations on cross border transactions across sectors including financial services, real estate and healthcare. The firm also advises publicly listed companies on public takeovers. During the research period the firm was particularly active in the technology sector advising both private and listed companies on cross border M&A.

In restructuring and insolvency the firm advises both creditors and debtors in insolvency proceedings. The firm typically acts as Swiss counsel on debt enforcements, bankruptcies and restructuring mandates.

During the research period banking and finance partner David Brönimann left the firm for an in-house role at a multinational investment bank. Joining the banking team are new partner Sergio Bortolani from Homburger and counsel Stephanie Comtesse from Bär & Karrer. Former Lenz & Staehelin lawyers Mona Stephenson also joined the firm as new corporate partner in 2018.

Recent Deal Data highlights

•Allreal Holding SFr125 million 0.5% bond issue

•Arcus Infrastructure acquisition of Swiss4net 

•Calida Holding $40 million financing

•Dassault Aviation acquisition of TAG Aviation Group maintenance and repair services business

•Leonteq SFr118 million rights issue

•SAP acquisition of Coresystems

•Semtech $8.4 million acquisition of Trackio International

•SoftwareOne acquisition of Comparex

Client feedback

"Very responsive with a thorough understanding of client's needs and concerns. The firm advises in a thorough yet practical way. It always tries to find solutions that client can work with in practice." – Banking

"We are very satisfied with the work of MLL. They have a diversified group of professionals who are able to help with any legal issue that comes up at a startup." – Banking

"On time and on budget delivery of assessments and opinions. Filing requirements and deadlines were always met." – Banking 

"Reactive and competent answer to our full satisfaction." – Banking

"Efficient client friendly collaboration and high responsiveness" – Capital markets: Debt

"Very pragmatic, goal-oriented and efficient approach with a very short response time for any enquiries. Acting as transaction counsel representing both the interest of the issuer and the lead manager, the company did a great job in finding efficient compromise solutions that were acceptable for both represented parties." – Capital markets: Equity

"Excellent cooperation, always on time, very reliable, supportive, pragmatic approach, pleasant to work with, goal-oriented and supportive." – Capital markets: Equity

"Very professional support in all areas, i.e. not only legal but also in other areas like finance, public communication etc." – M&A

"High quality, solution oriented and pragmatic approach." – M&A

"Very entrepreneurial and professional advice." – M&A

"Excellent, very dedicated, strong negotiation skills, very deep and detailed involvement." – M&A

Alexander Vogel

"Extraordinarily bright lawyer with a broad view and thorough understanding of many fields, be it economy, management, communication or legal. Particularly noteworthy is his ability to think out of the box and come up with outstanding solutions that no one had thought of and making them work, even beyond the legal matters. Besides, Mr. Vogel is certainly one of the best OTC derivatives lawyers in Switzerland. With an in-depth understanding of trading and products, he speaks the professionals' language and understands their concerns and is better than most in-house counsels I have met in 15 years."

"Alexander combines entrepreneurial spirit with outstanding professionalism in order to provide tailor made solutions in non-standard situations."

"Sophisticated negotiator."

Andrea Sieber

"Very responsive and well-organized with broad know-how."

"Brilliant transaction lawyer who is 100% deal oriented. Assertive, communicates clearly, highly competent, experienced and strong negotiator."

"Very dedicated, good negotiator and fast thinker."

Christophe Rapin

"Provides very good and competent service."

Reto Luthiger

"Provides high quality regulatory perspective and assessments in securities and banking and finance work. Fast thinker and anticipates client needs."

Samuel Ljubicic

"Fast and full understanding of our business. Takes problem-solving approach during contract negotiation with counterparty."

Ülkü Cibik

"She tries really hard to make sure she meets the usual standards while keeping up with our demanding work requests."

Wolfgang Müller

"Wolfgang was very pragmatic, goal-oriented and efficient and had a short response time to our enquiries. Acting as a transaction counsel representing both the interest of the issuer and the lead manager, Wolfgang did a great job in finding efficient compromise solutions that were acceptable for both represented parties."

"Very capable layer, excellent understanding of our business, very good support in tricky situations, always available."

Niederer Kraft Frey

Niederer Kraft Frey is a full-service law firm that operates from Zurich. It is one of the strongest firms in Switzerland and has strong transactional record in multijurisdictional transaction across the board.

The firm's banking and finance expertise covers wide range of work for both lenders and borrowers side. It advises Swiss and international financial institutions and banks on acquisition finance, credit facilities, real estate and project finance. 

It also advises the banks on equity transactions on underwriting IPOs, public offers and rights issues. Swiss issuers also look to the firm on public offerings in the SIX Swiss Exchange. In the debt space the firm's capability varies from vanilla bond issues, establishment and update of EMTN programmes to complex structured products such as convertible and covered bond issues. The firm is also notable for its expertise in ABS and securitisation mandates on the banking side. 

NKF has a strong track record of advising on public M&A transactions. Active on both buy and sell side it represents globally listed companies on large high value public and private acquisitions across several sectors. Most notably the firm has strong work portfolio in Pharma and life science and technology sector. The firm also advises large private equity firms on acquisitions of Swiss companies. 

The firm's restructuring and insolvency practice primarily focuses on corporate side restructuring, but it has also picked up mandates for the creditors on debt restructurings. Corporations and asset managers' organisational restructuring add to firm's work stream in this area.

NKF started 2018 by bringing in finance and corporate lawyer Till Spillmann from Bär & Karrer.

Recent Deal Data highlights

•Assa Abloy €567 million acquisition of 53.75% stake in agta record

•Broadcom $18.9 billion acquisition of CA technologies

•Canada Pension Plan Investment Board and TCV €2.1 billion acquisition of stake in Sportradar

•Medcata Group SIX Swiss Exchange IPO

•Stadler Rai SIX Swiss Exchange IPO

•Swiss Re $1 billion 5% guaranteed subordinated bond issue

•Trans Adriatic Pipeline

•Worldline €2.3 billion acquisition of SIX Payment Services

Client feedback

"First rate, without any equivocation." – Banking 

"The firm has been very responsive and very commercial in its advice. As we are trying to pursue a novel project in Switzerland, we are happy with the creative and thorough advice we are receiving, including assistance with navigating the regulatory authorities in Switzerland." – Banking 

"Highly professional." – Banking 

"Very professional in all respects and pleasant to work with." – Capital markets: debt

"Thorough and professional with a deep knowledge of the relevant law and regulations and an understanding of market considerations." – Capital markets: debt

"It has become the strongest capital markets law firm in Switzerland by having 2 dedicated partners and probably one of the best US counsels regarding prospectus drafting." – Capital markets: equity

"Leading law firm in Switzerland; very strong partners and teams in equity capital markets and M&A." – Capital markets: equity

"Highly recommended, extremely fast, solution-oriented, profound, creative, pleasant to work with, reliable and cooperative." – Capital markets: equity

"Very responsive and client focused, provides clear and precise advice on complex matters and takes a commercial approach in contract negotiation" – M&A

Bertrand Schott

"Bertrand has been an excellent partner in connection with the work we have done together. He is calm and deliberate, but his experience has clearly helped us achieve the results we were seeking."

Marco Häusermann

"Thorough, knowledgeable and professional to deal with."

Philipp Haas

"One of the most competent lawyers in Switzerland on public M&A. He is technically brilliant, very experienced, commercial, innovative, creative, deal oriented, highly responsive, driven and hard working."

Philippe Weber

"Probably the best lawyer I work with."

"Philippe remains one of the best corporate lawyer in Switzerland. He is very responsive, provides clear advice and knows the practice of Takeover Board and SIX very well. He is very commercial and a pleasure to work with."

"One of the leading and most experienced senior lawyers in Switzerland. Highly versatile, technically brilliant, exceptionally commercial and deal oriented, and regularly asked to join boards because of his gravitas and expertise."

Philippe Weber and Till Spillmann

"They are the most experienced, especially in IPOs."

Pestalozzi

Pestalozzi offers its corporate and commercial law services from offices in Zurich and Geneva. Strong in transactional and regulatory matters the firm acts for some of the largest global corporations and notable financial institutions on cross border mandates.

The banking and finance team has a strong transactional expertise acting for lenders and borrowers. It acts for foreign and local banks on high value acquisition and commodities trade financing while large global corporates mandate the firm on the borrower side. It also provides regulatory advice to financial services in relation to market developments or establishment of new products and services. 

The firm's capital markets practice covers all areas of debt and equity offering. It advises banks and financial institutions as arrangers and dealers on bond issues and is especially proficient in high yield issues and issuer and arranger side securitisations. In equity space the firm advises on public offering, private placements and IPOs. It is also present in the fintech space where it advises fintech companies on ICOs. 

The firm's M&A team covers both domestic and cross border transactions acting for international and domestic companies active in insurance, technology, pharma, financial services and retail sectors among others. Work includes buy and sell side acquisitions, sale, joint ventures and carve-outs. 

The firm is active in cross border restructuring and insolvency cases primarily advising foreign banks as the insolvent entities or creditors on debt recovery and insolvency cases. It also represents for liquidators and distressed company on liquidation and bankruptcy proceedings.

Recent Deal Data highlights

•Auris Medical $5.5 million private placement of shares

•Auris Medical $7 million public offering

•AIG $5.56 billion acquisition of Validus Holdings

•DARAG €260 million financing

•Coca Cola €5 billion EMTN programme

•Fitness World Group acquisition of Basefit

•KGH Customs Services acquisition of Hermes & Richard

•Promethera Biosciences acquisition of Baliopharm

Client feedback

"We were extremely happy with the support provided. The Banking Team at Pestalozzi provided accurate and detailed feedback in a timely manner. Our attention was drawn to very interesting points which we had not fully considered." - Banking

"Excellent legal support. Feedbacks provided in a timely manner and showing a great dedication as well as comprehension of the industry and the issues of the case." – Banking 

"Extremely good quality of legal support provided in a timely manner. The firm provided comprehensible feedback and concise solutions." – Banking 

"Very efficient and pro-active advice and support, always available for questions and guidance." – Banking 

"They are client-oriented and highly qualified professionals who answer a client's queries in a timely manner. They have competitive rates and accurate system of billing." – Capital markets: debt

"Each time I work with Pestalozzi, it is a very productive and comfortable cooperation. They have great experience in all areas of law and business and are able to advise on the most complex deals. Solutions they find are creative and bright. They are very time efficient, extremely good at drafting and negotiations." – Capital markets: debt

"Very satisfied. They go beyond the required legal counsel to partnership and coaching." – Capital markets: structured finance and securitisation

"The lawyers are very professional, competent, thorough and diligent. They are customer-oriented, understand time urgency and always deliver with the highest quality." – M&A

"Throughout the transaction, Pestalozzi provided first class advice and support." – M&A

"The individuals we cooperated with were prudent and made themselves available at any time necessary. Their replies were always prompt and their approach extremely professional. They maintain a warm relationship with the client and at the same time manage to firmly represent client's interest while communicating with the opposite side." – M&A

Christian Leuenberger

"Excellent work ethics and responsiveness. More understanding of the industry sector would make Christian even more effective."

"Christian is very good at coordinating and leading the project and has very good legal skills as well."

Franz Schubiger

"His work is always of the highest quality and I very much appreciate his expertise, competence and friendly & professional approach."

"He was prudent and made himself available at any time necessary. His replies were always prompt and he was extremely professional." 

Ludivine Boisard

"She is professional, responsive and great at finding creative solutions to challenging issues. It is very comfortable to work with her."

Oliver Widmer

"Highly professional expert in Swiss law and always ready to provide timely advice."

"Oliver is an excellent lawyer, both on a personal and professional level. His knowledge of our industry is excellent and it is a pleasure to work with him and his team. I appreciate, in particular, his accurate and clear statements, explained in a comprehensible manner."

"Extremely competent lawyer in the field of banking, with a great know-how even in very technical and complicated matters."

"Oliver is a highly competent lawyer in the field of banking law with a great knowledge in technical and complex matters. His feedbacks are provided in a clear and comprehensible manner. He is also detail oriented."

Sébastien Roy

"Sébastien was the principal reason that we decided to use Pestalozzi on this transaction, and we were not disappointed. He was a pleasure to deal with throughout the process, and we truly valued his excellent advice. We would have no hesitation in using Pestalozzi again."

Urs Kloeti

"I am very impressed by his subject matter expertise and his practical and efficient advice." 

Prager Dreifuss

Prager Dreifuss is a full-service independent firm that operates from Berne, Zurich and Zug in Switzerland. The firm is notable for its work in banking and finance and restructuring and insolvency. 

In banking and finance the firm is experienced in cross border project and corporate financing. The firm primarily has recently primarily advised lenders on acquisition financings and refinancings.

The firm's corporate team advises Swiss corporations and foreign investment management companies on public takeovers, corporate acquisitions, divestments and restructurings under Swiss law. It is active across various sectors, but energy, pharmaceutical and retail were the most active during the research period.

In restructuring and insolvency the firm primarily acts for creditors on international insolvency proceedings. During the research period the firm has been working for creditors to Lehman Brothers and Swiss air. 

Staffing changeS saw the firm hire counsel Michael Mosimann from Wenger & Vieli and banking and restructuring and insolvency partner Gion Jegher from Jegher Gil.

Recent Deal Data highlights

•Broermann acquisition of Fairmont Le Montreux Palace hotel

Client feedback

"We received excellent service and advice. There were no weak points that I can mention." – Banking

"The firm has a strong focus on finance transactions. They work swiftly and diligently." – Banking

"Very focussed and responsive to every questions." – Banking

"The service we received was excellent. The work was thorough and provided in very good time." – Capital markets: Equity

"Hands on professional approach, very responsive, straight to the point and very good value for money." – M&A 

"We were very happy with the work put in by our lawyer in the contract negotiations and in the execution of the capital increase. He did his best to ensure quick process and good result." – M&A

"Top notch! We started to use PD while at Linklaters London back in 2007 or 2008, and we have been using them for M&A, Private Equity and Tax works ever since (and have recommended them to other clients) and they are what you would normally expect from a law firm similar to magic circle firm in the city." – M&A

"Professional, competent and swift answers." – Restructuring and insolvency

Andreas Moll

"Always reliable, excellent business acumen and technical skills, out-of-box thinking - all you need to run a very successful business relaying on savvy legal advice."

"We received a brilliant service that provided in-depth analysis and helpful solutions."

Daniel Hayek

"Leading lawyer in the field of insolvency and restructuring."

"Very comprehensive approach to matters, hands-on and pragmatic problem-solver. He works reliably at an excellent quality and speed."

Michael Mosimann

"Excellent and focussed on work and topic. Open minded and helpful for start-ups."

"Michael is providing a great service and always available to provide answers to the relevant questions. He is an absolute pleasure to work with."

"We value our collaboration very much. He knows us, he knows his trade and he's very pragmatic and efficient."

Schellenberg Wittmer

Schellenberg Wittmer provides full range of services with commercial focus, and it is very active on international transactions.

The firm has a strong reputation in regulatory and enforcement matters. It advises international financial institutions and funds on derivatives, regulatory compliance, reorganisation and fund structuring. Derivatives is one of the firm's strongest offering advising its clients on documentation of transactions and regulatory matters. 

The banking and finance team is also active in international financing transactions where it normally advises Swiss lenders and borrowers on the Swiss element of international financing transactions. 

In capital markets the firm has a greater focus on debt space. It advises Swiss issuers and underwriters on mid to high value bond issues. In the equity space the firm provides regulatory support in the listing for shares in the SIX Swiss exchange. 

The firm has a strong M&A practice that traditionally advises international clients active in financial services, venture capital and private equity transactions. Its strength lies in international and cross border transactions covering European, Asian and American market. It has also started advising domestic firms on takeovers and private acquisitions. 

The firm's specialism in the restructuring and insolvency area is highly commended in the market. Known to act on cross border insolvency and enforcement proceedings, the firm has a strong track-record of advising as court appointed administrator on liquidation proceedings. It also advises creditors and distressed entities on bankruptcy proceedings. 

Recent Deal Data highlights

•ams AG €600 million 0% convertible bond issue

•Bouygues Construction and Colas Rail SFr850 million acquisition of Alpiq Engineering Services

•CBH Compagnie Bancaire Helvétique acquisition of eastern European  private banking business from Schroder & Co bank

•DSV public exchange offer for Panalpina

•Eiffage acquisition of Priora

•InRoll SFr28 million capital increase

•Servier $2.4 billion acquisition of Shire's oncology business

•Worldline €2.3 billion acquisition of SIX Payment Services

Client feedback

"Very good knowledge in the respective fields, excellent response time and good value for money." - Banking

"SW have a strong blockchain and FinTech team, who have a wide range of knowledge and experience. It would be my go-to-firm for all round technical knowledge." – Banking 

"They are working well and this is why we are continuing to work with them. They have good service, high capacity, knowledge and are prompt in their response." – Banking 

"They anticipate key challenges and demonstrate an in-depth legal knowledge. They have good understanding of the cultural specificities of our firm (a privately owned private bank) that helped us manage our project as efficiently as possible. They have a very strong sense of integrity and reasonable fees and are great value for money. They are also used to dealing with regulatory authorities on a regular basis and have a strong business acumen and strategic vision." – Banking 

"Very responsive, pragmatic & Business oriented." - Banking

"Schellenberg Wittmer consistently provides us with high-quality work. We also highly value the firm's efficient, pragmatic and to-the-point approach in delivering its advice." – Banking 

"Very fast and efficient." – Capital markets: debt

"They really went the extra mile to provide us with what we needed, given that it was the first time we raised capital under such a structure. They were highly knowledgeable about regulatory issues. We had an outstanding advisor and an out- of-the-box thinker who led us along the way." – Capital markets: debt

"Pleasant to work with, experienced and creative." – Capital markets: equity

"Always available to respond quickly." – Capital markets: equity

"Strong support across the various legal matters; no shortcomings." – Capital markets: equity

"Excellent work, very professional with a solid expertise on the topics covered" – Investment funds

"Very diligent and thorough work, very knowledgeable in the area of joint venture, share issuance and service agreements." – M&A

"The firm provides exhaustive and relevant advices, in a timely manner. Mr. Houdrouge in particular is a qualified lawyer, with a strong knowledge of the Swiss corporate law." – Restructuring and insolvency

Caroline Clemetson

"Highly professional and knowledgeable."

Lorenzo Olgiati

"Provides very pragmatic solutions."

Martin Lanz

"Martin has a wide knowledge of the banking industry including an in-depth knowledge of investment banking products and, consequently, his legal advice to bond or equity market transaction is timely and very valuable."

"He is very capable, knowledgeable and quick to respond. He is a reliable lawyer."

"Always on time, pleasant to work with, experienced and pragmatic approach."

"Responsive and up-to-date with the latest directives and requirement of SIX Swiss Exchange."

"The structure of the new subordinate Tier 2 deal was quite demanding, and we were very happy to have Dr. Lanz, with his in-depth knowledge about complex transactions, being thorough and pragmatic."

Mirjam Schneider

"Very knowledgeable, fast delivery and very customer focussed."

Martin Weber

"Excellent work and a joy to work with."

Oliver Triebold

"Excellent lawyer, knowledgeable, great responsiveness and excellent value for money."

Pascal Hubli

"Pascal has a full understanding of Swiss legal matters and regulatory requirements. Combined this with his approachable personality and fast response time, I find Pascal to be an extremely competent lawyer."

Tarek Houdrouge

"Tarek Houdrouge is a very responsive and business oriented lawyer."

"His key strength is that he demonstrates a very strong in-depth legal knowledge in the banking area and a very good communication skill. Such combination makes working with him extremely efficient and pleasant. In addition, Tarek Houdrouge often responds to little queries I make on the phone; heis very available and committed to developing our relationship."

Martin Lanz and Philippe Borens

"Very hands-on, proactive, self-motivated, sound assessment of the legal situations and clear legal advice."

VISCHER

VISCHER is a full service law firm that offers its services from Geneva, Zürich and Basel. Active across the board the firm advises liquidator on the well-covered liquidation of Lehman Brothers. It is also active in the life science sector. 

In banking and finance, the firm advises on acquisition finance, syndicated lending with stronger focus on the borrower side. However, it is also notable for its presence in alternative lending space and fintech area where it advises technology companies on licensing and tokenisation under Swiss law. Life science is one of the firm's sector expertise, which has brought in financing work for the firm. 

The sector expertise also extends to the capital market space which is closely linked to the banking and finance team. The firm has strong IPO experience in the life science sector advising Swiss clients on public offerings. 

In M&A, the firm focuses on mid-market acquisitions and private equity transactions across several sectors including life sciences where it acted on some of the largest transactions in 2018. It advises a mix of buyers and sellers in both public and private M&A and acts for international clients on acquisitions in Switzerland.

The work on Lehman Brothers liquidation highlights the firm's general focus on insolvency cases. The firm is active in liquidation procedures often advising liquidators or acting as FINMA appointed liquidators. It also represents creditors on court enforcements and attachment proceedings. Representation of distressed companies includes advisory role on Swiss aspects of international insolvency proceedings.

Recent Deal Data highlights

•AC Immune $117.5 million rights offering

•Arvelle Theraputics $180 million Series A financing

•CRISPR Therapeutics SIX Swiss Exchange IPO

•Lehman Brothers bankruptcy

•Lundbeck €905 million acquisition of Prexton Therapeutics

•Medartis Holding SIX Swiss Exchange IPO

•Polyphor SIX Swiss Exchange IPO

•Urovant Sciences $100 million financing

Client feedback

"Outstanding in all aspects - speed & communication as well as the achieved result." – Banking

"The IPO project team delivered in time. Vischer has a high expertise and a strong team. Matthias Staehelin was in the lead. Angelo Imperiale supported him strongly." – Capital markets: equity

"Top-notch legal advice, highly responsive, well connected and reasonable costs." – M&A 

"Professional, short response time, strong negotiator and always available." – M&A 

"Hands-on approach, deep knowledge, fast reaction time, always quick, good answers and pro-active collaboration." – Project finance

"Proactive and solution-oriented advice." – Restructuring and insolvency

Adrian Dörig

"Deep Knowledge, fast reaction and hands-on approach."

Gian-Andrea Caprez

"Gian-Andrea is a rising star in the fields of public and sponsor M&A transactions. Highly versatile, technically brilliant, commercial and extremely hard-working."   

"Rising star in the areas of public and private equity M&A, very well connected, technically brilliant, commercial and extremely hard-working."

Jana Essebier

"Always available, great solutions and very responsive structuring and restructuring."

"Very solution-oriented and creative."

Markus Guggenbühl

"Proactive, leaves room to his team to develop solutions and excellent management of the team."

Matthias Staehelin

"Very experienced in the IPO field. He has an efficient and pragmatic style. He prepares decisions very professionally and is a good adviser of risks and related costs."

Walder Wyss

Walder Wyss is a full service law firm that is strong across the board. It has market leading expertise in securitisation and ABS products.

The firm has notable strength in structured products and advises both the issuers and underwriters on a mix hybrid, covered and vanilla bonds. It specialises in securitisation work. Active on both public and private mandates, it has acted for originators and arrangers on auto lease and credit card ABS and MBS among others. On the equity side, the firm advises Swiss listed companies on rights offering and capital increases. It also has strong track record on IPOs and is able act for both the issuer and banks. 

The firm also advises banks as lenders on leveraged acquisition and corporate financings. Both Swiss and international banks mandate the firm on a mix of domestic and cross border transactions. 

The M&A team has acted on some of the largest deals in the Swiss market. Active on both buy and sell side, it advises the likes of global corporations, private equity and Swiss listed companies on a mix of private acquisitions, joint ventures, mergers and public tender offers. The firm is also capable of advising on international transactions, and often acts as Swiss legal counsel on global transactions. 

The firm's international focus is also present within the restructuring and insolvency practice. It advises a mix of creditors and liquidators on foreign insolvency proceedings. It also represents debtors and distressed companies on debt restructuring and insolvent proceedings. Pre-insolvency restructurings is also among the firm's capabilities.

During the research period the firm hired independent practitioner Urs Hofer to join the banking and finance team as counsel.

Recent Deal Data highlights

•AMAG Leasing – Swiss Car ABS 2018-1 SFr275 million auto lease securitisation

•Cembra Money Bank – Swiss Auto Lease 2019-1 SFr 250 million auto lease securitization

•Dana SFr600 million acquisition of Drive Systems Segment from Oerlikon Group

•Saint-Gobain SFr3.22 billion acquisition of outstanding shares of Schenker-Winkler Holding

•Swisscard and Credit Suisse – Swiss Credit Card Issuance 2018-1 SFr 200 million securitisation

•Swiss Life SFr1 billion share buyback programme

•Swiss Life SFr 600 million hybrid bond issue

•Valiant Bank SFr 303 million 0.20% covered bond issue

Wenger & Vieli

Wenger & Vieli operates from offices in Zurich and Zug. It has a strong reputation in banking and finance. It is also active in M&A, project development and restructuring and insolvency practice areas.

In banking and finance the firm has a developed a strong fintech practice providing regulatory services to its clients on the establishment of e-payment services and digital lending platform, ICOs and clarification of Swiss laws under Finma. Elsewhere the firm also has experience advising banks and financial institutions on syndicated loans, acquisition and project financings. 

In M&A the firm advises private equity and venture capital firms on investments, acquisitions and joint ventures involving Swiss entities across several sectors including energy and manufacturing. The firm traditionally focuses on mid-market transactions advising start-ups and small companies on M&A mandates.

In the projects space the firm has a strong foothold in the energy sector. During the research period it has been active on several international gas projects advising a mix of potential bidders and borrowers on tenders and project financing. It also picked up work in the sale of hydropower plants where it acted for potential investors. 

The firm's restructuring and insolvency practice advises both creditors and debtors on insolvency proceedings and pre-insolvency restructurings. During the research period the firm's fintech expertise was again highlighted as it represented large group of creditors on the first major ICO insolvency case.

Recent Deal Data highlights

•Transocean $2.7 billion acquisition of Ocean Rig

Client feedback

"Very solid and comprehensive understanding of subject-matter. Provides well formulated and efficient solutions." – Banking

"Excellent quality and contact, very reliable, very quick and responsive and very high competence and understanding concerning the banking industry and civil law." – Banking

"The firm is responsive and provides good quality legal advice that is clear and commercial." – M&A

Beat Speck

"Highly valuable advisor.  Provides clear commercial advice."

Georg Zondler

"Excellent quality of services, very reliable both in relation to quality of his assessments and organisation." 

Martin Hess

"Highly professional, uncomplicated and efficient."

Wenger Plattner

Wenger Plattner is a full-service firm offering a range of financial and corporate services. 

During the research period the firm was primarily active in the M&A practice area where it acted for European corporate entities on both buy and sell side M&A across wide range of sectors. It also picked up solitary financing, IPO and bond issue transactions advising the borrower, listing company and shareholders respectively. 

Recent Deal Data highlights 

•Consus Real Estate acquisition of SSN Group 

•Eneco Group acquisition of Ampard 

•HelpSystems acquisition of SecureAuth core security assets 

Client Feedback 

"Great advice. Fast and straight." – M&A 

"Wenger Plattner is very experienced in cross-border M&A transactions involving different jurisdictions. They handled the international aspects very well." – M&A 

"Excellent understanding of industry and very responsive and pragmatic legal advice." – M&A 

"Very good and well-versed in Swiss market legal norms." – M&A 

"High partner involvement, highly pragmatic advice, strong negotiation skills, very diligent and accurate work." – M&A 

Oliver Künzler

"Great lawyer with a focus on problem-solving. Very responsive." 

"He is an excellent lawyer with a deep business understanding. He is extremely dedicated to the needs of the client and knows perfectly what is required to get a deal successfully over the finishing line. He is a fast thinker and has the ability to come up with innovative and sound proposals to resolve difficult situations to the benefit of his clients. I very much like his pragmatic and high-quality approach." 

"Very experienced, very committed and highly responsive." 

"Very responsive and highly knowledgeable. Strong negotiator who is very pragmatic and accurate at the same time."