Switzerland

IFLR1000 Reviews

Financial and corporate
Advestra

Located in Zurich, Advestra is a new firm founded in 2020. Founders of the new firm came over from Bär & Karrer. The firm specializes in financial and corporate law.  

 

Focusses / specialisms 

The firm specializes in corporate law, with experience in capital markets, financial services regulatory and M&A practices. In capital markets, the firm has experience in debt and equity related matters. The team has experience with convertible, sustainability and corporate bond issuances. On the equity side, it has experience with capital increases, rights issuances and PIPEs.

In the financial services regulatory practice, the firm has experience representing clients in the banking and financial service industry on regulatory aspects related to corporate matters.

The M&A practice regularly advises clients on the buy and sell side in strategic and private equity acquisitions across numerous industries. It also advises private equity firms in strategic investments.

 

Key clients 

Key clients for the firm include Mubadala Investment and Falcon Private AG.

 

Research period review: 31st edition (2020/2021) 

Though most of the work that the firm’s partners did happened at their old firm, it worked on matters in the financial services regulatory practice, acting for clients in the banking and financial services industry on regulatory matters related to wind downs and licensings.

 

In M&A, the team represented an equal mix of buyers and sellers in both strategic and private equity acquisitions. It also worked on a few strategic investments by private equity firms.

 

Deal highlights: 31st edition (2020/2021) 

One Swiss Bank acquisition of Falcon Private AG’s private banking and asset management business

 

Client feedback: 31st edition (2020/2021)  

Capital markets: equity

“They are very knowledgeable, professional and experienced in all aspects of Swiss law. They speak English flawlessly and provide sound strategic advice.”

“Experienced, commercial, team-player.”

“Advestra Ltd and its lawyers are very responsive and client focused. A healthy portion of pragmatism and business acumen is to be ascribed to them. The lawyers of Advestra Ltd understand the needs of the client and act accordingly.”

 

Financial services regulatory

“1. Responsiveness. Advestra's responsiveness is second to none. Having worked at a US firm before, I value responsiveness highly. 2. Experience. Advestra, being a spin-off of top-tier local firm Bär & Karrer, has the necessary experience and comparatives for productive advice.”

 

M&A

“Incredibly responsive and efficient; great advice.”

“Advestra lawyers are super responsive, regardless what time-zone, time of the day or day. They are on it 24/7. More importantly however, they are knowledgeable and add value with the advise they provide, they are honest about what the expertise is and what is not and they always seek the best result for the client, not the one that guarantees most billable hours for the firm.”

“Advestra AG has provided us with outstanding legal counsel. They are very knowledgeable, very experienced, very reactive, very professional and very client oriented.”

“Expert and pragmatic advice in insurance, due diligence reporting.”

“Dr. Alexander von Jeinsen is an excellent legal mind with a good understanding of business. He delivers outstanding work on short deadlines. Advestra can quickly assemble teams to deal with larger transactions, they have lawyers experience in several jurisdictions, for M&A as well as in tax matters.”

 

Alexander von Jeinsen

“Very quick, meeting any deadline, very focused and good to work with. He is extremely knowledgeable in law, but also in business and helps to conclude transactions, not make them more complicated like so many lawyers.”

“Very bright legal mind with a very good understanding of numbers and business. He is quick and delivers excellent work also on very short deadlines. Is at home in several jurisdictions and can build a team for any kind of need.”

"Smart; responsive; commercial; strong communicator."

 

Anna Capul

“Detail oriented, very knowledgeable, responsive and able. A problem solver.”

 

Annette Weber

“Responsiveness, expertise, pragmatism, availability.”

"Highly knowledgeable in the Swiss equity/equity-linked product; very good listener and implements feedback in a highly proactive fashion; good project manager and lays out next steps/gating items/deliverables/deadlines in a very clear manner."

 

Daniel Raun

“Knowledgeable, amicable, pro-active, to the point, understanding of business and industry.”

 

Rashid Bahar

“Rashid is extremely intelligent and knowledgeable, very efficient, very responsive, very professional and absolutely client oriented.”

“Brings a rare blend of experience, rigorous analysis and dedication. Working with him is a privilege.”

 

Roland Truffer

“Responsiveness, expertise, pragmatism, availability.”

 

Sandro Fehlmann

"Client first mentality."

 

Thomas Reutter

“Thomas U. Reutter is very responsive and client focused. His wealth of experience in capital markets, stock exchange and corporate law is extremely helpful and he solves problems as opposed to only raising issues.”

“Smart, experienced, commercial, efficient, great partner.”

“Excellent strategist; outstanding legal knowledge; very professional and accessible.”

"Client first mentality."

Bär & Karrer

Bär & Karrer is a leading financial and corporate powerhouse on the Swiss market. It has accomplished lawyers across the German, French and Italian speaking parts of Switzerland, with offices in Zurich, Geneva, Lugano and Zug. The firm mainly advises on transactions with international aspects, but also works on domestic and cross-border deals.  

 

Focusses / specialisms 

The firm is a top tier firm in financial and corporate practices including banking, capital markets, financial services regulatory and M&A. It also has a highly regarded restructuring and insolvency practice. In banking, the firm has experience arranging Swiss and international banks, agents, lenders and borrowers in leveraged acquisition financing and refinancing transactions.

 

The capital markets team advises high-profile issuers on the placement of shares through accelerated bookbuilding and the establishment digital platforms of exchange listed bonds issuances for investors and issuers. It also advised on rights offerings and green, covered and investment grade bond issuances. The team also represents investment funds in fund formations and raising matters.

In financial services regulatory, the firm advised large banks, asset managers, fintech and insurance companies and payment service providers on Swiss Financial Market Supervisory Authority and FINMA regulatory enforcement proceedings, fintech regulatory compliance, the implementation of the Financial Services Act, and banking and insurance licencing matters. 

In M&A, partners advise on a mix of public and private deals, both on the buy and sell side of acquisitions in the life sciences and healthcare, financial services, insurance, real estate, private equity and telecommunications industries.

In R&I, the firm focuses on out-of-court restructurings, advising a mix of distressed companies and debtors, and creditors in bankruptcy proceedings.

 

Key clients 

Some of the recent key clients of the firm include Credit Suisse, Novartis, UBS, Gazprombank, KKR, EQT, Cinven, Valyo and Jacobs Holding. 

 

Research period review: 31st edition (2020/2021) 

Over the research period, the banking team advised mostly lenders in corporate and acquisition financing. It also worked on several refinancings. It also worked on regulatory matters in financial services mostly related to regulatory aspects as part of acquisitions and capital markets products.

The capital markets team worked on debt and equity offerings. In the debt capital markets practice, the team advised mostly underwriters in covered and corporate bond program issuances. On the equity capital markets side, the team represented a mix of issuers and underwriters in PIPEs, capital increases and equity financing related to acquisitions. It also represented a lot of investment funds in regulatory and transactional fund formation matters, as well as acquisitions.

In M&A, the team mostly acted on the sell side of acquisitions across many industries. These acquisitions were both strategic and private equity acquisitions. It also worked on strategic investments, spinoffs and joint ventures.

The restructuring and insolvency practice worked with many distressed companies in restructurings, many of which were in the aviation and hospitality industries. It also advised acquirers in acquisitions of distressed companies.

In terms of lateral moves, banking, investment funds and financial services regulatory partner Rashid Bahar left the firm. Capital markets partners Thomas Reutter and Daniel Raun also left the firm, in addition to financial services regulatory partner Roland Truffer left the firm for Advestra. All of the aforementioned partners left to form new firm Advestra.

 

Deal highlights: 31st edition (2020/2021) 

Carlyle Group acquisition of Acrotec Group

Crédit Agricole next bank CHF 2 billion covered bond program

Gategroup recapitalization

Idorsia CHF 535.5 million at the market rights offering

SIG Combibloc Group €1.85 billion refinancing

 

Client feedback: 31st edition (2020/2021) 

 

Banking & finance

“The law firm Bär & Karrer is excellent in every area it is specialized. I see the main strength in the high quality of work, the fast responsiveness, and that Bär & Karrer has many high quality specialists in a lot of legal areas. The banking and finance team of Bär & Karrer is on the "pulse of the time" and staffed with outstanding, and very experienced lawyers.”

 

Capital markets: structured finance and securitization

“Very pro-active and solutions focused. They don't just answer questions, they actually understand what a client overall aim is and go beyond the initial request to give a holistic and comprehensive overview.”

 

Financial services regulatory

“I find the firm, specifically, Peter Hsu, to be extremely responsive and good to work with. Advice is to the point and set out in a format this allows for efficient working.”

“Enthusiastic and responsive service allied with strong technical knowledge and capabilities of their core team.”

“Very knowledgeable, and responsive. ‘Always-on’ and ‘can- do’ mentality.”

 

Leveraged finance

“Efficient, highly professional.”

 

M&A

“Very responsive, trustworthy, very experienced, super professional and innovative.”

“Presumably the number one legal advisor in the area of private M&A in Switzerland. Very highly regarded law firm. Highest level of competence and skill set. Great to work with.”

 

Restructuring & insolvency

“Overwhelming know-how, always up to date with the process, highly decent and actually available 24/7.”

 

Daniel Fluhmann

“Pro-active. good communicator and very knowledge about the relevant niche in financial markets.”

 

Mariel Hoch

“Quick, smart, excellent negotiation skills, well accepted and respected by everyone, highly knowledgeable.”

 

Peter Hsu

“Very knowledgeable, excellent reputation, supportive and highly responsive.”

“Responsive, enthusiastic and a very bright guy.”

“Peter is very smart, user friendly, responsive and provides excellent service to our mutual clients.”

“Dr. Peter Hsu is our main contact at Bär & Karrer and his services are always first class. We appreciate him as outstanding source of advice in banking matters with great experience in the banking and insurance sector. Peter is solution oriented, keeps at any time a brilliant overview as well in complex and cross-disciplinary matters. Peter is just ‘first-class’.”

 

Ralph Malacrida

“Sharp analytics, efficient, productive, highly professional.”

 

Thomas Rohde Rechtsanwalt

“Highly decent, loyal, always has the customer's welfare in mind, permanently available.”

Bratschi

Bratschi is a Swiss law firm that is active in the financial and corporate space. It has seven offices across

Zurich, Basel, Berne, Geneva, Zug, Lausanne, and St. Gallen.

 

Focusses / specialisms 

The firm is best known for its work in the banking and finance and M&A practice areas. in banking and finance, the firm advises lenders in Swiss first league sports club asset financing, factoring arrangements, data centre syndicated financing, refinancing and acquisition financing. The team also works on financial services regulatory matters, where it advises on FINMA regulations and multilateral trading facility licensing. It has a focus on representing companies in the middle and upper middle market.

 

In M&A, partners advise clients on mandates in the financial services, technology, automation, pharmaceuticals and retail industries. The team represents a mix of sellers, investors and buyers. It also advises on financing rounds and cryptocurrency only share capital incorporations. The firm advised both creditors and insolvent companies in bankruptcy cases and restructurings.

 

Key clients 

Some of the firm’s recent key clients include UBS Bank, Adecco Group, Raiffeisen Bank International, Omni Ray Holding, Descartes Systems Group, Migros and Blue Sail Medical Co.

 

Research period review: 31st edition (2020/2021) 

Throughout the research period, the banking team represented slightly more lenders in project financing matters, largely related to rail infrastructure. It also advised clients in the banking and financial services on financial services regulatory matters related to acquisitions and securities legislative changes.

 

The team also worked on a couple of deals in the debt capital markets practice, advising issuers on corporate bond offerings. It also advised companies in investment fund investments, as well as regulatory aspects related to investment funds.

 

In M&A, the team sided mostly on the buyers side in strategic and private acquisitions. Healthcare was a big industry for the team. It also advised clients in strategic investments.

 

In terms of lateral moves, financial services regulatory partners Hannes Glaus and Marcel Aellen left the firm. Glaus retired while Aellen moved in house.

 

Deal highlights: 31st edition (2020/2021) 

Descartes Systems Group €20 million acquisition of STEPcom

IFC $38 million investment in Collectius AG

Viking Cruises $675 million 13% bond offering

 

Client feedback: 31st edition (2020/2021) 

 

Asset finance

“Very knowledgeable and responsive; we feel very comfortable relying on their expertise and advice.”

 

Capital markets: equity

“Well structured, knowledgeable, experienced team, responsive.”

 

Capital markets: structured finance and securitization

“Very reliable and straightforward.”

 

Investment funds

“Business oriented, pragmatic, effective, focusing on clauses that matters long term. Very reactive.”

“Pragmatic approach well-tailored to the target size and development stage, red flag due diligence approach, no overwork for the company’s founders but still enough depth to identify the main risks.”

 

M&A

“Always on time, reliable, trustworthy, active role, great support, fair pricing.”

“Deep knowledge and understanding of SPA contracts. Highly motivated and dedicated, small and efficient team.”

 

Barbara Jecklin

“Very knowledgeable and responsive.”

“Very reliable and straightforward.”

 

Harald Maag

“Reactive, effective, pragmatic. simplify complex discussions. big picture focus.”

“Pragmatic, no nonsense approach. Tailored to the target size and stage of development. Great stakeholder management handling internal corporate complexity and external legal advisor of the target with ease.”

“Great knowledge, active role, trustworthy, reliable, results always delivered on time.”

 

Kurt Blickensdorfer

“Nice, professional, client oriented.”

 

Thomas Peter

“Very knowledgeable and responsive.”

“Well experienced, knowledgeable, solution-oriented, responsive.”

“Very reliable and straightforward.”

burckhardt Ltd

Burckhardt is a Swiss boutique law firm, founded in 2010, that is active in the financial and corporate space. The firm has an office in both Basel and Zurich.

 

Focusses / specialisms 

The firm is best known for its work in the banking and M&A practice areas. In banking and finance, the firm mainly advises administrative agents and arrangers in acquisition financing and works on the lender-side in financing transactions. The team also often works on debt capital markets transactions, namely bond issuances.

 

In M&A, the practice regularly acts for companies in joint ventures and strategic acquisitions, representing both the buy and sell side. It also often does corporate reorganizations.

 

Key clients 

Guangzhou Haozhi Industrial Co and GMV group are recent key clients of the firm.

 

Research period review: 31st edition (2020/2021) 

During the research period, the banking and finance team worked mostly on the lender side in asset and corporate financing matters, as well as refinancings. It also represented guarantors and issuers in corporate bond issuances.

In M&A, the team represented companies in joint venture matters mostly. It also worked on several corporate reorganizations.

Regarding lateral moves, corporate partner Yve Pieles joined the firm from Vischer. Corporate partner Sandra Hanhart left the firm prior to that in order to start their own firm.

 

Client feedback: 31st edition (2020/2021) 

M&A

“They are extremely thorough, competent and reliable. They analyse situations from all points of view, point out potential risks and help to reduce them as far as possible. The contracts they drafted were very clear and concise.”

 

Stéphane Konkoly

“He has a great deal of expertise and experience, which enables him to find the best solution for your company. Feedback given to him is reliably implemented. He possesses excellent communication skills and is very thorough.”

CMS von Erlach Partners

CMS is an international law firm with a focus in cross-border and multi-jurisdictional mandates in the financial and corporate space, with over 75 offices worldwide. In Switzerland, the firm has offices in Zurich and Geneva.

 

Focusses / specialisms 

The firm is best known for its top tier work in the financial services regulatory practice, but also has an outstanding banking and finance practice and highly regarded M&A, capital markets and restructuring practices. In banking and finance, the firm advises both domestic and international financial institutions as lenders and Swiss-based companies as borrowers in acquisition, project, asset and corporate financing, as well as cross-border group refinancing transactions.In financial services regulatory, CMS regularly advises on FINMA authorisations and regulatory licensing, derivatives trading regulations and AML compliance.

The capital markets team largely works on equity related matters, advising listed companies and investors on rights offerings and public tender offers.

In M&A, the firm mainly advises non-Swiss buyers in cross-border acquisitions in pharmatech and chemicals, fintech start-ups and private equity industry sectors. It also represents selling shareholders in IT and technology mandates.

In R&I, the firm advises the insolvency estate, administrators and creditors in insolvency and bankruptcy proceedings.

 

Key clients 

Some of the recent key clients of the firm include ERMEWA, KfW-IPEX Bank, CHA Technologies Group, FinLeap, Alpha Solutions, DP World and Dharampal Satyapal. 

 

Research period review: 31st edition (2020/2021) 

During the research period, the banking and finance team worked on transactional matters where it represented mostly lenders in refinancings and asset, corporate, project and real estate financings. It also worked on regulatory matters in the financial services regulatory practice, where the team represented clients in the banking and financial services industry in regulatory matters related to FINMA, FinSA, AML compliance and payment regulations.

In capital markets, the team advised companies in a couple of debt and equity transactions including bond issuances and private placements.

The M&A team mostly acted on the buy side in strategic and private equity acquisitions across numerous industries, mostly technology.

The restructuring and insolvency practice represented a mix of debtors and creditors in insolvency proceedings.

Restructuring and insolvency partner Damiano Brusa left the firm in 2020 to join Holenstein Brusa.

 

Deal highlights: 31st edition (2020/2021) 

CymbiQ Group acquisition of Aspectra

Harald Quandt Industriebeteiligungen acquisition of zetcom Group

 

Client feedback: 31st edition (2020/2021) 

 

M&A

“Deep understanding of the process, the industry and the client's needs flexible and professional approach, high expertise in the M&A environment.”

“Pragmatic, efficient, size aware.”

“Very knowledgeable. International practice with own offices around the world. Full set of legal advisory services.”

“Very quick thinker coming up quickly with solutions while being available 24/7 (Pascal Favre) and lean management. Super speedy rephrasing of thoughts and turn around of documents to give me this excellent and high qualitative drafts and final version (Audrey Durand). Within in COVID-19 pandemic we did not need to meet once to do this asset deal.”

 

Restructuring & insolvency

“CMS gave legal opinion/legal advise for every option outlined above. Practical hands-one advise. Depth of know-how. Delivery speed and execution.”

“Very competent, reliable, prompt responses, clear and precise drafting of the agreement.”

“In-depth knowledge, many specialties, international company, client in the center of attention.”

“Extremely experienced and competent in the area, at the same time approachable and down to earth and always available when needed (24/7).”

“Very accurate work with. Focuses on details, but nevertheless fast.”

 

Alain Raemy

“Hands-on mentality, size awareness, pragmatic attitude, deal focused.”

 

Audrey Durand

“Pascal sees very quickly the risks and extremely quickly comes up with solutions which are requestioned by Audrey whom then so diligently and extremely fast provides supporting documents - as GC I then can focus on my business and collect necessary information and define the strategy direction we go to.”

 

Daniel Jenny

“Hands-on, fast thinker, skilled negotiator. He did a great job helping us analyze the options.”

"Precise drafting of the legal work; quick in response; depth of knowledge; listens to clients; good negotiator."

"In-depth knowledge in the field of insolvency and restructuring; precise drafting of agreements; competent and efficient negotiator; calm; quick in response."

 

Marjolaine Jakob

“Very accurate work with focus on details, but nevertheless fast.”

“In-depth knowledge in the field of insolvency and restructuring, swift and precise responses, goal and solution oriented, client in the center of attention, input and wishes of the client are taking into consideration, precise work, good public speaker.”

“Great depth of knowledge in the field of restructuring and insolvency, reliable, quick in response, smart, goal oriented, listens to the client.”

"Goal oriented; execution speed; depth of know-how in restructuring and many more areas outside of restructuring."

"Extremely knowledgeable; friendly; very dedicated. She did a terrific job managing the day-to-day interactions with the counterparty in a friendly way. "

 

Olivier Carrard

“Excellent understanding, creative solutions and very deep and large law knowledge. Outstandingly bright.”

 

Pascal Favre

“Pascal sees very quickly the risks and extremely quickly comes up with solutions which are requestioned by Audrey whom then so diligently and extremely fast provides supporting documents - as GC I then can focus on my business and collect necessary information and define the strategy direction we go to.”

 

Patrick Sommer

“Quick understanding of client's needs, excellent industry knowledge and legal issues linked to it, efficient and reliable legal advisor.”

 

Stephan Werlen

“Very knowledgeable. Flexible in legal tactics. Deals well with client.”

Homburger

Homburger is a leading Swiss firm founded in 1957 that has established itself as a go-to firm on the market for corporate transactional work.

 

Focusses / specialisms 

The firm is a market leader in financial and corporate practices including banking and finance, capital markets, financial services regulatory and M&A. The firm also has a standout restructuring and insolvency practice. In the banking and finance practice, the firm acts for borrowers in large revolving credit facility refinancing and acquisition financing. It also represents non-Swiss banks and financial institutions as lenders for multicurrency credit facilities with Swiss assets as collateral.

In capital markets work the firm advises issuers on the establishment of covered bond programmes, large bond issuances and issuer substitution and transfer of outstanding bonds. In equity, the firm represents issuers, bookrunners and underwriters on IPOs, rights offering, common stock offerings, share capital increases and the listing of American depository shares.

In financial services regulatory, the firm advises clients in the banking and financial services industry on regulatory issues stemming from payment platforms, acquisitions, securities offerings and cryptocurrency. Partners also advised banks on new Financial Services and Financial Institutions Acts regulation.

In M&A the firm mainly has experience on both the buy and sell side of M&A transactions, including acquisitions, mergers, complex carve-outs, cross-border divestments and share sale and spin-off deals.

In restructuring and insolvency, Homburger advises distressed clients and creditors in recapitalisations, restructurings and insolvency proceedings. It also on preventative measures in place in the event of insolvent fund managers.

 

Key clients 

Some of the firm’s recent key clients include Roche Holding, SK Capital Partners, Siegfried Holding, Coöperatieve Rabobank, UBS, Credit Suisse, JP Morgan, Clariant, Alcon, Amun, ABB, Zurich Insurance Company and Therachon.

 

Research period review: 31st edition (2020/2021) 

Over the research period, the banking team mostly acted on the borrower side in real estate, corporate and sustainability financings, as well as refinancings.

The capital markets team worked on debt, equity and structured finance and securitization matters, representing issuers. In debt capital markets, matters included convertible, callable, covered and write down bond offerings as well as TLAC issuances and Eurobond programs. Equity capital market transactions include ADS, rights and common stock offerings, in addition to IPOs and PIPEs. The team also worked on numerous equity investments related to acquisitions and spinoffs. The capital markets group also acted for investment funds in cross border fund offerings.

The financial services regulatory team represented clients in the banking and financial services industry on regulatory issues associated with acquisitions and debt issuances. It also worked on regulatory matters from FinSA, cryptocurrency, structured products, bail-ins and online payment systems.

In M&A, the team was mostly on the buy side for strategic and private equity acquisitions, many of which were in the banking and financial services industry. It also worked on mergers, spin offs, carve outs and several strategic investments.

The restructuring and insolvency practice acted for many debtors in financial restructuring matters.

 

Deal highlights: 31st edition (2020/2021) 

ADC Therapeutics NYSE IPO

Credit Suisse CHF 1 billion mortgage financing

NEC Corporation CHF 2.05 billion acquisition of Avaloq Group

Swissport International €1.9 billion restructuring

UBS €1.5 billion callable bond offering

 

 

Client feedback: 31st edition (2020/2021) 

 

Banking and finance

“Very up to date knowledge, very responsive, proactive communication with client and lenders law firm.”

“State-of-the-art knowledge of best practises and hands-on approach.”

“Homburger AG reacts immediately; very knowledgeable lawyers on all levels with a brought understanding of the commercial aspects of transactions.”

“We worked closely with two partners (Benedikt Maurenbrecher and Stefan Kramer) who were very responsive and focused on finding a practical yet risk excellent solution. They provided detailed and commercial advice, calling on the expertise of other colleagues (particularly with respect to insolvency related issues) and handled robust challenge in a thoughtful and considered way. Ultimately we were able to create a novel structure which has material benefits for the firm.”

 

Capital markets: debt

“In depth knowledge (partner level). Availability of personnel, also at short notice. Commitment to stick to timelines. Helpful/actionable advise.”

“The Homburger team we are working with is excellent. The level of support, detail and experience is hard to beat.  Furthermore, its international network to top lawyers, with whom we also work with, is extremely valuable for a global bank like us. Their expertise on regulatory matters, in particular around RRP and capital is best in class in Switzerland. The level of engagement of the team is unique.”

“Client focused, accountable, reachable, knowledgeable.”

“Proactive, responsive, highly competent.”

“Available at all times, very responsive even to last-minute requests, high quality, pragmatic solutions.”

 

Capital markets: equity

“Very effective and pragmatic advise to lead the project lean and successful. Great knowledge, detailed work and responsiveness.”

“Highly professional, largest deal track record in the country, highly responsive.”

“Their approach to our listing project was very pragmatic, efficient, lean, but still highly diligent and supportive. They had a great attitude to solve problems (and not create new ones) and were extremely responsive. Also thanks to their great service, the listing project turned-out very successful.”

 

Capital markets: structured finance and securitization

“Most competent law firm in Switzerland. Pragmatic. Nice guys to work with.”

 

Financial services regulatory

“Very available, 24/7. They prioritize well, they understand the building, they grasp the complexity of our business, and the complexity of regulatory change. Good understanding of the market. Can tell us a lot of insight. they are very approachable and very professional at the same time.”

“Responsiveness, pragmatic and timely advice.”

 

M&A

“They always can work with the counter party and also understand the needs to make it a win-win situation never forgetting to ultimately make their client very happy Conflict is something they really thrive in because they are very solution oriented and can show that they want to make the transaction a success They really listen to the goal of the client and ensure to exceed it.”

“Very professional, very skilled, high capacity, responsive, good advice, hands out by phone and email, very quick and informal.”

“They understand their clients and needs.”

“Committed partner led advice that supported the company and its other legal advisers through the transaction.”

 

Project development

“Highly responsive. The project was launched without lead time as a result of the global pandemic and with the focus on what the relief plan should deliver in the end, which led to a number of client induced changes. Homburger did master the short notice and the evolutionary style of the project very well. Strong solution orientation, with a focus on delivering a extremely high quality product which is at the same time practical and efficient. Homburger provided solid, high quality legal advise on legal structures, governance structures and the regulatory framework, also considering ‘outside the ordinary’ solutions, and with clear advise on all relevant parameters in a easy to understand and customer focused manner, i.e. being able to summarise complex realities without losing the most relevant details.”

 

Restructuring and insolvency

“Good advice, excellent advice, and in difficult circumstances. a lot of lawyers are involved - not always the same opinion. Good local back up.”

“Great experience in the fields where we sought advice. Very hands-on and efficient working style. A top tier firm providing excellent value for money.”

 

Benedikt Maurenbrecher

“Good client service; personable; keen to interrogate fact patterns to ensure full awareness; considered, practical advice; collaborative.”

 

Benjamin Leisinger

“Reliable, competent, modest.”

“Available at all times, very responsive even to last-minute requests, high quality, pragmatic solutions.”

"Sharp and fast thinker. Very efficient. Very accessible. Down to earth."

"Quick thinker."

 

Claude Lambert

“Great legal skills. Very responsible and customer oriented, finding solutions which are suitable and custom-made. Managing expectations and stays calm in delicate situations.”

“One of the key corporation partners. Positive attributes: informal, quick, sound advice, based on a lot of experience, practical advice - not just theoretical.”

"Remains calm during difficult discussions. Pragmatic problem-solving approach. Open and transparent communication and very responsive."

 

David Borer

“Excellent work, very solid knowledge, proactive communication, very responsive to questions, very good technical skills (Mark-up versions / clean versions etc.).”

“Very knowledgeable; solution oriented; creative; excellent negotiator; fast in understanding and delivery.”

“Approachable, knowledgeable, very client focused.”

“Very knowledgeable, very approachable, very client focused, very responsive, very dedicated. Provides hands-on solutions for your problems.”

"Very approachable; very responsive; very knowledgeable; provides hands-on solutions."

 

Daniel Hasler

“Amazing at finding creative solutions and listening to the needs to make a deal happen. Deep knowledge of his work.”

“Empathic, energetic, high quality work, good listening and communication skills, highly effective.”

 

Hansjürg Appenzeller

“Responsive. In-depth knowledge on capital market topics. Supportive, trying to come up with workable solutions.”

 

Jürg Frick

“Incredible knowledge, hands on.”

“His responsiveness, pragmatism and understanding of the Swiss regulatory framework.”

 

Lorenzo Togni

“Highly experienced in capital markets transactions, strong drafting skills, exceptional attention to detail, easy to work with.”

"Great legal skills; experience in listings and IPOs; and attention to detail. Finding the best solutions that fit the needs of the client."

 

René Bösch

“Analytically great, asks the right questions and challenges appropriately, business minded and solution oriented.”

 

Stefan Kramer

“Accommodating, helpful, not arrogant, good listener, competent, communicative.”

“Feels like you're important to them Feels like you're involved in the problem solving - runs for it with you. Offers to discuss the whole situation, understands our problems better, they didn't charge with every single thing - you can call them and discuss off record. Very humane.”

“He had a good convincing way of discussing difficult issues in the context of bankruptcy - it is not easy to address scenarios. He had a positive way of explaining.”

Lenz & Staehelin

Established in 1991 with the merging of Zurich and Geneva-based firms, Lenz & Staehelin has subsequently grown with a third office in Lausanne. 

 

Focusses / specialisms 

Strong in the banking area, the firm advises corporate borrowers on leveraged acquisition finance on large multi-jurisdictional transactions. 

In capital markets the firm has strong presence in the equity area 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. 

The firm's M&A practice is one of the firm's leading practices and is often does a high volume of deals. Active in both private and public M&A, it has advised on some of the largest takeovers in Swiss market. It has plenty of cross border experience advising foreign funds, private equity firms and large corporations on acquisitions 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 restructuring and insolvency team that in recent years has worked on some of the largest insolvency cases in the retail market. It has more experience for creditors but advises distressed companies on restructuring. 

 

Key clients 

Some of the firm’s recent key clients include Credit Suisse, Deutsche Bank, Citibank, Allfunds Group, Pfizer, Sika, Salt Mobile, Nord Stream and Agrokor.  

 

Research period review: 31st edition (2020/2021) 

Within the research period, the banking and finance team acted on the lender side in acquisition, real estate and corporate financings. It also worked on several refinancings.

The team also worked on financial services regulatory practice area matters, representing clients in the banking and financial services industry. It advises clients on regulatory matters related to FINMA, AML compliance, investment fund formations and derivatives.

In M&A, the team mostly acted on the buy side in a mix of strategic and private equity acquisitions across numerous types of industries. It also acted for private equity firms in investments, as well as representing companies in joint ventures, mergers and strategic investments.

The project development team represented some developers in projects in the real estate and infrastructure industries. Most of its work was acting on both the buy and sell side for real estate project acquisitions.

In restructuring and insolvency the team largely represented debtors in out of court restructuring efforts. It also represented debtors in crossborder Chapter 11 filings, as well as acquirers in stalking horse and distressed acquisitions.

 

Deal highlights: 31st edition (2020/2021) 

Bain Capital and Cinven CHF 4.2 billion acquisition of Lonza

Garrett Motion Chapter 11

Gategroup financial restructuring

VTG Aktiengesellschaft €2.9 billion debt refinancing

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

“Quality significantly above standards, very knowledgeable, availability, speed, coordination between internal departments.”

 

Capital markets

“Competence and professionalism.”

“The team at L&S led by Jacques Iffland is highly professional and was truly committed to the project. They delivered first class work on this rather complex project.”

“High expertise, good responsiveness, always on the point, very effective, knows the market and market standards.”

“Very deep knowledge, very hands on, can do attitude, efficient and competent.”

 

Investment funds: real estate funds

“Deep technical legal skills and market knowledge in Swiss real estate law and practice. New draft legislation affected the deal potentially and their parliamentary contacts were also invaluable.”

“Committed, fast, high quality.”

 

M&A

“The partner in-charge found a solution to make this very complex transaction happen. Complex because it involves companies in different countries (Switzerland, Belgium, The Netherlands, Canada, US) with different tax, corporate and stock exchange laws.”

“Hands-on, quick, smart, good value for money.”

“Reliability, Seeing the big picture, Keeping deadlines.”

“High quality; very good knowledge; very high reliability; very friendly and obliging manner.”

“Always had our interest at heart, pragmatic.”

“They are an outstanding firm, providing top quality yet at an extremely personal level. They are responsive, focus on the needs of the client and always try to find a solution, no matter how complex the issue.”

“The deal had a lot of moving parts, including the drama that was COVID19. L&S managed challenges extremely well, and played a monumental role in the successful acquisition of the hotel. The have been the best law firm and practice that I have encountered in my career.”

“Used to large scale transactions.”

 

Project development

“Competence in this type of work and readiness in the execution.”

“Excellent advice on how to structure a Total Constructor Contract. Excellent negotiation advice in getting best result.”

 

Restructuring and insolvency

“Responsiveness and precision.”

“Lenz did an excellent job, on a ground breaking, first of its kind transaction where we utilised an English law restructuring plan to amend Swiss law governed bonds. Lenz's advice was pragmatic, accurate, easily digestible to an audience of commercial banks and very highly valued. The whole team, lead by Marcel Tranchet, ably assisted by Roland Fischer and Tanja Luginbuehl, performed excellently under considerable pressure and I have nothing but praise for their performance and assistance.”

 

Beat Kühni

“Broad experience, deep knowledge.”

“Beat is an experienced, practical and lateral thinking lawyer. He has the ability to see any potential problems or issues that may arise and proactively position his strategy for the betterment of the client. It is very clear that Beat always puts his clients first and it has been a pleasure working with him on this deal, I look forward to working on many more deals with him.”

 

Cécile Berger

“Excellent technical knowledge (she is a land law judge), but very commercial and pragmatic too.”

“Always with excellent advise. Always well prepared. Excellent help in negotiation of contract.”

“Solid knowledge of real estate law & problem solving abilities.”

 

Fabiano Menghini

“Very professional; tremendous knowledge; can understand context very well and still present it simply; very reliable in communication; very good negotiation skills; strong in communicating with our potential sellers, very good project management.”

 

Giulia Neri-Castracane

"Giulia is second in charge for the total constructor contract. Excellent advice and always fully updated to support Cécile Berger. Cécile and Giulia are an excellent team and deliver excellent work."

 

Hans-Joachim Diem

“Strong capabilities. Very well connected. Deep and longstanding experience.”

 

Jacques Iffland

“Jacques Iffland is an expert in his field, is always available and has the ability to bring energy to the project. Absolute pleasure to work with.”

“Open to discussions, thinks, brainstorms with the client. Deep understanding and interest of the sector and the regulation.”

“Always listening to its client. Takes into consideration our culture, our objectives, our ways of working. Result oriented with very positive attitude, always finding the most appropriate, innovative solutions to issues.”

 

Jorge Bleck

 

 

"Open to discussions, thinks, brainstorms with the client. Deep understanding and interest in the sector and the regulations. " 

 

Marcel Tranchet

“Very knowledgeable, available, meets the deadlines, understands the healthcare sector and client expectations, bridges the dots, brings additional competencies when needed, keeps us informed on legal developments requiring management attention.”

“All were excellent, showing great responsiveness, technical ability and user friendliness.”

 

Patrick Schleiffer

“Lead partner, great expertise and practical approach.”

 

Roland Fischer

"Excellent, showing great responsiveness, technical ability and user friendliness."

"Extremely knowledgeable; never gives up; innovative; available."

"Legal knowledge; quality of written deliverables; communication/teamwork; leadership; solution oriented."

 

Stephan Erni

“Personable, pragmatic.”

“Stephan is just a really great lawyer and a great guy. I highly value his experience, legal expertise and knowledge of the law but in particular I enjoy working with him as a person. He is very calm, focused and provides "to the point" advice, yet always has a sense of humour and time for a few words on the side.”

 

Tanja Luginbühl

"Excellent, showing great responsiveness, technical ability and user friendliness."

"Legal knowledge; communication and negotiation skills; quality of deliverables; leadership."

 

Tino Gaberthüel

“Competence and professionalism.”

“Outstanding performance and availability, great negotiator, smart.”

“Swiftness of responses, reliability, expertise.”

“Very professional, rigourous and, yet, with a practical approach. Hardworker, committed and focused on rendering a high quality legal service.”

Loyens & Loeff

Loyens & Loeff is an international law firm with 11 offices across Europe, Asia and in the US. The Zurich office focuses on finance, corporate, investment and tax advisory work.

 

Focusses / specialisms 

The Switzerland office is best known for its work in M&A, with notable banking and finance and debt capital market practices as well. The banking and finance practice was established in 2018, and advises lenders in debt restructuring and borrowing lessors in refinancing and green financing transactions.

In debt capital markets, the firm advised initial purchasers in bond issues. 

The M&A practice was established in 2016. The firm advises private equity buyers and sellers in the water treatment, airline hospitality and biotech sectors, among others. It also advises on joint venture agreements and corporate reorganisations. 

 

Key clients 

Some recent key clients of the firm include EQT partners, Alpha Trains Group, Platinum Equity, RRJ Capital, Adidas, Egeria and Magyar Vagon Zrt. 

 

Research period review: 31st edition (2020/2021) 

Throughout the research period, the banking team acted for borrowers and lenders in acquisition and corporate financing matters. It also acted for distressed companies in refinancings.

The team also represented underwriters and issuers in investment grade and sustainability bond issuances. Furthermore, it advised investment funds in financing matters.

In M&A, the team acted for more buyers than sellers in private equity and strategic acquisitions as well as joint ventures and private equity investments. It also represented distressed companies in corporate reorganizations.

 

Deal highlights: 31st edition (2020/2021) 

Folli Follie restructuring

Magyar Vagon/Transmashholding €1 billion joint venture

Peach Property Group €300 million 4.375% bond issuance

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

“Very responsive, attention to detail, client-oriented.”

“Law firm is prompt to reply and review, provides clear guidelines, has contact with regulator in order to revert on queries ASAP.”

“Very responsive, good knowledge of the law, flexibility on cooperating to win new mandates and we have a great relationship with the firm across multiple jurisdictions.”

 

Capital markets: high yield

“Very responsive and client oriented.”

 

Investment funds

“Commercial, knowledgeable, fast, value for money.”

“The teamwork was exceptional especially between the tax, corporate and real estate lawyers. Working as a team allowed us to close on a very complicated transaction with many moving parts and parties involved.”

 

Andreas Hinsen

“Andreas did a great job in identifying the risks in the transaction and solving some issues in a very creative way.”


Diana Lafita

“Energetic, knowledgeable and proactive.”

“Very responsive, great knowledge of the law.”

 

Judith Raijmakers

“Judith is very responsive and client oriented. She goes above and beyond to ensure a successful and smooth transaction.”

“Prompt response and deep knowledge of banking industry.”

 

Stéphanie Hagmann

“Meets deadlines, detail-oriented; very responsive, Easy to work with.”

 

Valérie Schrämli

"Valérie was extremely tentative, fast to react and dedicated."

MLL Meyerlustenberger Lachenal Froriep

Meyerlustenberger Lachenal and Froriep merged on 1 July 2021 and became a fully integrated new law firm operating under the brand name MLL. It has a strong reputation for its advisory in transactional work. The firm has offices in Zurich, Geneva, Zug and Lausanne and works with an international network of other law firms worldwide.

 

Focusses / specialisms

The firm is known for its capital markets work and has an active banking and finance practice, including on the regulatory side. The firm also has notable M&A and restructuring and insolvency practices. In banking and finance, the firm advises both listed and private companies as borrowers of acquisition financing, syndicated, multicurrency loan agreements, mortgage documents and financings. On the regulatory side, the firm has an industry focused on work relating to fintech transactions, AML compliance and FINMA.

In the capital markets practice area, the firm advises issuers on bond issuances and placements. In equity work, the firm advises Swiss companies on capital increases via rights offerings.

In M&A, the firm notably advises buyers in acquisitions in the private equity, aviation, metals, technology and biotech start up industries. It also has experience in crossborder divestments and carveout transactions.

In restructuring and insolvency, the firm represents distressed companies, acquirers, creditors and investors in debt recovery and reorganisations, distressed M&A, and bankruptcy proceedings.

 

Key clients

Some of the recent key clients of the firm include Zurich Airport, TWINT, MBaer Merchant Bank Credit Suisse, Bellevue Group, Dassault Aviation, Allreal Holding and Franz Carl Weber.

 

Research period review: 31st edition (2020/2021)

During the research period, the banking and finance team conducted transactional work acting mostly on the borrower side in acquisition and corporate financing matters. The team also worked on a strong amount of financial services regulatory work, representing clients in the banking and financial services industry in regulatory matters concerning AML compliance, FINMA, FATCA, FinSA, cryptocurrency, online payment systems, acquisitions and investment fund transactions.

The capital markets practice works on debt, equity and structured finance and securitization matters, representing issuers. Most of the work was done in equity matters, in which the team worked on rights offerings, public share offerings, capital increases, delistings, direct listings, IPOs. On the debt side, it worked on investment grade and convertible bond issuances. In structured finance and securitizations, the team completed ABS’s.

In M&A, the group worked on numerous strategic and private equity acquisitions, acting on both the buy and sell side. It also represented a lot of private equity clints in investments. The team also worked on mergers, all within various industries.

Restructuring and insolvency matters included corporate restructurings and bankruptcy filings, representing debtors and receivers. It also represented distressed companies in merger and acquisition transactions resulting from insolvencies.

 

Deal highlights: 31st edition (2020/2021)

Allreal CHF 175 million 0.70% bond issuance

Capiton acquisition of Cedes financing

Dottikon CHF 250 million rights and public share offering

Sun Chemical Group acquisition of Sensient Imaging Technologies

 

Client feedback: 31st edition (2020/2021)

Bank lending : Lender side

"Responsiveness and proactiveness. It's very easy to communicate with them as they go directly to the point. They are very well experienced in the areas of banking & finance in terms of cross-border financing. "

 

Banking

"Great client relations and network, they know how to put the client at ease."

 

Banking and finance

“Quick and pragmatic solutions at a fair price.”

“Quick response time, easy to reach in case of issues or questions; deliver on time and very reliable; coming up with suggestions and ideas.”

“Profound knowledge about Digital Assets in general, the legal and regulatory framework surrounding it as well as directly and indirectly applicable legal and regulatory requirements.”

“They take a very commercial and common sense approach, their feedback is always prompt and timely and they are well experienced in running transactions.”

“High know how. Good connections. Very good understanding of business. Very good understanding of payments. High level of commitment/part of the team.”

“They are very supportive, very thorough understanding of the matters at stake, proactively providing ideas to improve stakes for the borrower, systematically highlighting very relevantly potential issues. Available and highly professional.”

“Result oriented, weighs risks realistically, short decision times, always there when we need them.”

"Responsive. Proactive."

"They are efficient and responsive, offering clear/concise advice where needed. "

"They are extremely dedicated, very responsive and good value for money. Document quality was always excellent and legal advice was practical and straightforward."

"They were very pragmatic."

"Proactive. Work exact. Great knowledge."

 

Capital markets: equity

“Deep, extensive knowledge of all matters capital markets. Wolfgang Müller and his team are our highly trusted partner in all our legal dealings with a focus on capital markets. They work extremely precise and not a single detail is missed by their expertise. MLL understands adjusting to their opposite and communicates well with all stakeholders, even if they have little to no background when it comes to capital markets matters.”

“Very responsive, very competent, comprehensive knowledge of all legal topics.”

“MLL is a renowned law firm in Zurich with tremendous experience regarding Capital Markets. The team is highly professional, very effective and reachable at any time.”

“Extremely hard working. Innovative thinking. Great depth of experience.”

“The team is very pleasant to work with and always diligent and responsive. Andrea Sieber and Daniel Schoch are knowledgeable and solutions-oriented.”

 

Financial restructuring

"Strong, practical advice. Excellent client-handling skills."

 

Financial services regulatory

“Use case discussed, parameters agreed and then professional and silent execution. Clear expectation management through experienced senior lawyer.”

“The representative of MLL always answers absolutely correct and in time. His guidelines were very helpful for us to make the new set up of the company. They are really experts in their matter.”

 

Investment funds

"Very deep understanding of Swiss law on pledge. Also, very responsive and attentive to details. "

 

M&A

“Mona Stephenson and her team worked diligently and showed great expertise in all relevant matters; she was always business minded and well reachable throughout the collaboration; it is always pleasant to work with her.”

“Mona Stephenson and her team are very knowledgeable in the field of M&A and have a lot of experience; it was always pleasant to work with her.”

“Deep understanding of matter at hand and intimate understanding of industry. No nonsense advise, great cooperation with other law firms; very pragmatic approach. Very efficient, fair billing.”

“Very responsive, good know how on local current best practices covering whole Switzerland, well reflected comments in the contracts supporting our position.”

“Best value for money.”

“They are experienced, committed, responsive, and their advice is to the point.”

“Excellent technical knowledge, quick grasp of a very complex issue, excellent negotiation skills, very responsive.”

“Deep knowledge of the M&A topics, reactive and professional advisors, uncomplicated work processes. MLL helps to get things done quickly.”

 

Private equity

“They are very reliable, provide high quality work and show strong client focus.”

 

Project development

"Professional. Great expertise. Strategic vision."

 

Restructuring and insolvency

“Fast, precise, good value for money.”

“Meyerlustenberger Lachenal is an excellent law firm with a client-oriented approach, which is able to provide tailored solutions and solve any challenging task. The lawyers of Meyerlustenberger Lachenal are always there to help, they are very qualified legal professionals and do their job on time. They understand our needs and their in-depth expertise helps to reach the goals we set on each step of our cooperation.”

“Responsive, knowledgeable, imaginative, precise.”

“The law firm provided very practical and hands-on advice albeit a very difficult counterparty, demanding timelines and difficult legal questions.”

“Responsive, dedicated, knowledgeable, solution oriented.”

"Responsive, timely information, professional, successful."

"Extremely fast, knowledgeable and professional. "

 

Alexander Vogel

“Know-how, approachability, flexibility, sense of humor and solution-oriented mind-set.”

“Extremely hard working, innovative, depth of knowledge, well connected.”

“Very experienced, fast and responsive.”

"Very experienced; responsive; to the point; tailored solutions."

“Very pleasant to work with, very professional and knowledgeable.”

“Quick thinker, problem solving, mastering complex issues.”

 

Andrea Sieber

“Andrea Sieber is a very competent lawyer with a wide range of legal experience who always supports us in terms of both content and time to our complete satisfaction.”

“Thorough and very knowledgeable. Always accessible and easy to communicate with.”

“Responsiveness, accessibility, deep commercial understanding and view; puts herself in her clients’ shoes.”

“She listens hard, understand the clients' needs, and her responses are to the point without giving complicated advice. She seamlessly integrates into our team.”

"Trusted counsellor for strategic matters; strong structuring skills; extensive transaction experience; foresight in transaction management."

"Strong client focus and always delivering high quality of work. Always reachable and thorough understanding of client's needs."

 

Christian Rebell

“Excellent technical knowledge, quick grasp of a very complex issue, excellent negotiation skills, very responsive.”

 

Daniel Schoch

“Great negotiations skills and good understanding of clients’ needs.”

“Highly available and professional. Clearly highlighting potential issued and roadblocks, and proactively suggesting solutions, even beyond expected boundaries. Clearly exceeding expectations. Very customer oriented mindset.”

“Deep knowledge of M&A topics. Good team setup, reactive.”

 

Eric Favre

“Quick and pragmatic solutions.”

 

Karin Oberlin

“Best in class subject matter expert of private market investment topics, strong contribution, clear communication, focus on what matters.”

"Very insightful and strong structuring skills; strong execution skills; strong risk assessment and mitigation skills; pragmatic and highly efficient."

 

Kilian Schärli

“Great task orientation, risk assessments and speedy issue management.”

"Responsive; trustful relationship; advice on more than just the subject at hand (e.g. cultural aspects or governance approaches); solid knowhow."

 

Lukas Bühlmann

 

"Very business oriented; team player."

 

Marco Fusi

"Very fast comprehension of complex situations; strong drafting skills; creative in solutions finding to solve very specific legal problems; highly efficient yet pragmatic."

 

Mona Stephenson

“Mona is very experienced and knowledgeable regarding M&A transactions; she is ready to go the extra mile for her clients and comes up with innovative solutions when necessary; it is always pleasant to work with her.”

“Mona is very knowledgeable and experienced in the field of M&A and it was always pleasant to work with her.”

 

Nicholas Didisheim

“Quick and pragmatic solutions.”

 

Reto Luthiger

“Know-how, approachability, flexibility, sense of humor and solution-oriented mind-set.”

“Very entrepreneurial. Deep business understanding. High level of commitment. Very engaged for the client. Very responsive and thinking along.”

“He has a very excellent knowledge, always in time with clarifications etc., clear and correct answers, he is a very pleasant business partner.”

"Detailed knowhow in AML and financial market regulations; calm and reliable personality with on the spot advice."

"Very knowledgeable and reliable; innovative and responsive; easy to work with."

"Very well educated lawyer; always on time; clear and very correct; is doing a great job for our company."

 

Samuel Ljubicic

“Samuel is an outstanding lawyer, very client focused he understands our business and always comes up with very commercial solutions to problems.”

“Samuel provided very practical, creative and hands-on advice albeit a very difficult counterparty, demanding timelines and difficult legal questions.”

“Diligent, responsive, knowledgeable, on top of things.”

"Young guy; working fast; excellent legal knowledge."

 

Sergio Bortolani

“Smart. Efficient. Responsive.”

 

Stephanie Comtesse

"Communication; expectation management; deadlines; understanding of our business model; legal skills."

 

 

Ülkü Cibik

“Very positive can do attitude - she is in control and gets things done; good listener - tries to understand client needs, asks the right questions to determine the best course of action.”

"Good expert knowledge; professional; involves all participants; listens well and implements what is discussed."

 

Urs Boller

“Understands the business and applies legal solutions very well.”

“He is an outstanding lawyer with a profound knowledge of Swiss bankruptcy and procedural law. He is very careful and precise in his legal research, his advice is always constructive, well-balanced, insightful. He has an ability to understand even very complicated legal problems and present a solution which suits the needs of a client the best. His outstanding analytical abilities and strategic view of the situation are really invaluable. He is also very nice and friendly, a great person to work with.”

 

Wolfgang Müller

“Wolfgang is our #1 partner for legal matters of all sorts and he deals with all of them to our full satisfaction. Noteworthy to me is the fact that we in the construction business like to keep things simple. Wolfgang has a great ability to adapt to this client need while showing us the boundaries and keeping the risks in check.”

“Wolfgang has an impressive specialist knowledge, is highly reliable and very pleasant to work with. He keeps calm in every situation, carries out our orders in a highly professional manner and to our complete satisfaction. He has a remarkably pragmatic style which is rare to find in this industry and which we highly appreciate.”

“Very responsive, good know how on local current best practices covering whole Switzerland, well reflected comments in the contracts supporting our position.”

Niederer Kraft Frey

Niederer Kraft Frey, founded in 1937, is a Zurich-based law firm with a strong reputation in domestic and international transactions across all practice areas within financial and corporate.  

 

Focusses / specialisms 

The firm is a market leader in financial and corporate practices including banking and finance, capital markets, financial services regulatory and M&A. It also has an outstanding restructuring and insolvency practice. In banking and finance the firm advises banking syndicates on large scale project financing, and acts for a mix of borrower, arrangers and lenders on syndicated credit facilities, including as part of acquisition financing.

In financial services regulatory, the firm has experience advising on the Financial Services and Financial Institutions act, Swiss Financial Market Supervisory Authority (FINMA) investigations, and fintech and Swiss derivative trading regulation matters. 

In capital markets, the firm has a clear market share of IPO transactions advising issuers and underwriting syndicates. It also advises on rights offerings, convertible and exchangeable bond issuances and the establishment of covered bond programmes.

In M&A, the firm represents a mix of listed companies and private equity players as buyers and sellers on high-profile cross-border acquisitions and business combinations in a range of sectors including pharma, technology, private equity, chemicals, ticketing and insurance.

In R&I, the partners advise creditors, liquidators, and debtors in insolvency proceedings. It also advise arrangers in the refinancing of distressed companies. 

 

Key clients 

Some of the firm’s recent key clients include Credit Suisse, European Investment Bank, BNP Paribas, ING Bank, UniCredit Bank, BNY Mellon, Global blue, UBS, PolyOne Corporation and CRH plc. 

 

Research period review: 31st edition (2020/2021) 

Over the research period, the banking and financing team worked on both transactional and financial services regulatory matters. In transactional work, the team acted on both the borrower and lender side in acquisition and corporate financing matters. In financial services regulatory, the group advised clients in the banking and financial services industry on matters related to FINMA, FinSA, securities and repo legislation.

In capital markets, the team represented issuers and underwriters in debt, equity and structured finance and securitizaiton transactions. On the debt capital markets side, the team worked on covered, convertible and investment grade bond issuances. Equity capital markets deals included rights offerings, public share offerings, private placements and IPOs. In structured finance and securitizations, it primarily worked on ABS offerings.

The M&A team acted mostly on the buy side in a mix of strategic and private equity acquisitions across numerous industries. It also advised companies in mergers, minority acquisitions and private equity investments.

In restructuring and insolvency, the team represented debtors, creditors and trustees on out of court financial and corporate reorganizations.

 

Deal highlights: 31st edition (2020/2021) 

Crédit Agricole CHF 200 million covered bond issuance

Gategroup restructuring

Global Blue Group Holding/Far Point Acquisition Corporation $2.6 billion merger

Multlease CHF 279 million ABS offering

Swiss Steel Group €200 million rights offering

Swisscom CHF 1.2 billion syndicated credit facility agreement

 

Client feedback: 31st edition (2020/2021) 

 

Banking and finance

“Agile and hands on approach, competent and very responsive.”

“Niederer Kraft Frey has always provided us with excellent and efficient advice and displayed a great understanding of our needs. It is a pleasure working with them.”

 

Capital markets: equity

“Highly competent and experienced, great team and infrastructure to excel in high-pace environment, commercial, pragmatic and deal oriented.”

 

Financial services regulatory

“Highest quality staff across the board from partners to associates. Very high quality work. Responsive, timely, thoughtful. Ability to quickly provide excellent professional advice across the board.”

 

Investment funds: private equity funds

“Top know how. Professional. Excellent, flawless execution. Holistic views.”

 

M&A

“Good knowledge of the matter. Follow up of agreements made (deadline, fee updates etc).”

“Provides very strong service and clear advice on a consistent basis. Solution oriented, well aware of position of financial services regulators on tricky questions. Remains one of the 2 or 3 go to firms for M&A and capital markets in Switzerland. Partners make a real effort to be available and provide quick answers. Works well with other law firms on cross border deals.”

“Proactive and think around corners. Philipp Haas in particular provides exceptional client service.”

“Professional, reliable, fast and well networked in Zurich.”

“Straight forward, outside the box and flexible to engage in difficult and changing situations.”

“Very responsive, top of things and client oriented advice.”

 

Restructuring and insolvency

“Very responsive law firm that is very much to the point when it comes to providing advise on complex legal issues.”

“They are responsive, professional and effective.”

“Very precise and straightforward approach, professional team.”

 

Adrian Koller

“Very accessible, fast and on time, quick understanding of the issues at stake, excellent knowledge of the business.”

“Adrian Koller is extremely responsive and has an extremely good legal understanding. Further, he has a very good ability to explain complex legal questions with rather simple words.”

 

Andreas Casutt

“Top know how. Professional. Excellent, flawless execution. Holistic views.”

 

Bertrand Schott

“Excellent knowledge, thoughtful, calm, level headed, very thorough.”

"Fees are good; responsive; available; polite and friendly; enjoy working with him. "

 

Clara-Ann Gordon

"She was exceptionally friendly; went the extra mile on a lot of issues; very accommodating. A more limited engagement but was very good."

 

Lukas Beeler

“Very competent, diligent and very knowledgeable, strong analytical skills.”

 

Mortiz Maurer

“Approachable and open for feedback.”

“He is very straightforward, very cost sensitive and guides me through any legal issues.”

“Hard working and communicative, problem solving oriented.”

 

Philipp Haas

“Problem solver. Excellent with clients. Thinks and plans ahead at both macro and granular levels. Genuinely creative.”

 

Philippe Weber

“One of the most experienced transaction lawyers in the country with impressive commercial and markets understanding.”

“Continues to provide a top notch service to his clients despite his senior partner responsibilities.  A great mind, superb problem solving skills and delegates well to more junior partners.  One of the best lawyers in Switzerland.”

 

Sandro Abeggien

“Very competent, diligent and very knowledgeable, strong analytical skills.”

 

Tamir Livschits

 

"Thoughtful; fighting for his clients; responsive; very professional." 

 

Thomas Brönnimann

 

"Very strong technical and legal knowledge. Has effectively taken the day-to-day management of work when working with Philippe Weber. A very safe pair of hands."

 

Till Spillmann

“Very accessible, fast and on time, quick understanding of the issues at stake, excellent knowledge of the business.”

“Responsive. On top of things, knows all aspects even though he's not doing all work by himself. Thinks entrepreneurial which means he tries to find solutions that make a deal happen. Can adapt to different circumstances (very professional large cap environment as well as less professional and more "hands-on" small cap environment).”

“Very fast, commercial and experienced. Easy to work with and get to results.”

“Open minded, solution-oriented, professional.”

 

Ulysses von Salis

“Top know how. Professional. Excellent, flawless execution. Holistic views.”

Pestalozzi

Pestalozzi is one of the oldest established Swiss law firms on the market. Founded in 1911, it is known for its corporate, financing, and capital markets advisory for a mix of both domestic and foreign clients. The firm has offices in Geneva and Zurich and is a member of the Lex Mundi international network of independent firms.  

 

Focusses / specialisms 

The firm is best known for its outstanding work in banking and finance, debt capital markets, structured finance and securitization and financial services regulatory. However, the firm also has standout practices in equity capital markets, M&A and restructuring and insolvency. In banking and finance, the practice advises lending domestic and foreign banks on multicurrency revolving credit facilities for acquisition financing and commodities financing facilities.

In financial services regulatory, the firm has experience on multiple fintech and cryptocurrency mandates, including the regulatory and contractual issues of the digital currency payment systems, Brexit planning and Swiss Financial Market Supervisory Authority (FINMA) regulatory investigations and enforcement. 

 

In debt capital markets, the firm works on green, covered and high yield bond issuances and capital relief transactions, advising the issuers, arrangers and initial purchasers. In equity, the firm advises on share listings and in structured finance, the firm advises issuers and arrangers in securitisations.

In M&A, the firm advises independent boards of directors, shareholders, sellers and buyers in acquisitions across the media, automation, packaging, tobacco products, insurance and technology industries.

In R&I, the firm advises both creditors and debtors in cross-border bankruptcy proceedings, while also seeing work in asset recovery and insolvency mandates.

 

Key clients 

Some of the recent key clients of the firm include Spotify Sweden, ING, Volksbank Vorarlberg e.Gen, Gazprombank, EBRD, Panalpina Welttransport, Groupe PSA, Johnson & Johnson, CH Media, Swisscom and Altira. 

 

Research period review: 31st edition (2020/2021) 

During the research period, the banking and finance team acted largely on the lender side in transactional matters such as acquisition and corporate financing. It also worked on several refinancing matters. The team also represented clients in the banking and financial services industry on regulatory matters related to derivatives, cryptocurrency, online banking, FINMA and FinSA.

In capital markets, the team represented issuers on deals in the debt capital markets, specifically convertible, green, investment grade and high yield bond issuances. It also worked on issuer side mandates in equity capital markets, namely delistings, private placements and IPOs. Apart from debt and equity transactions, the team acted for companies in securitization and OTC derivatives transactions. It also represented investment funds in fund formations and associated regulatory matters.

The M&A team worked on strategic and private equity acquisitions, advising buy and sell side equally. It also represented corporations in spin offs, joint ventures and reorganizations.

Restructuring and insolvency matters mostly included out of court restructurings where the team advised the debtor and bankruptcy filings where the team acted for creditors.

In terms of lateral moves, the banking and finance and capital markets practice brought over partner Andrea Huber from an in house position. M&A partner Franz Kessler joined the firm from Von der Crone.

 

Deal highlights: 31st edition (2020/2021) 

CH Media CHF 170 million financing

Leclanché CHF 200 million reorganization

Nomad Foods €110 million acquisition of Findus Switzerland

Swisscom €500 million 0.375% green bond issuance

 

Client feedback: 31st edition (2020/2021) 

 

Banking and finance

“Deep subject matter expertise, solution oriented, very good interaction.”

“They have deep technical and market knowledge.”

“Really enjoy working with them. They are professional and reliable, they got the essence of request very shortly and respond very clearly. They understand the importance and urgency of the business requests and ready to provide qualified services even within 1 business day.”

“Pestalozzi have a very strong legal team with deep knowledge of market. They are very time-efficient and flexible.”

 

Capital markets

“Strong professional advices coming from experts.  Access to specialized lawyers in various fields of expertise. Overall coordination with all stakeholders (notary, banks, auditors...) of complex processes. Timeliness of services and availability of our lawyers.”

“Pestalozzi advised in a timely manner and was capable of dealing with the authorities. They were up to date with the most recent regulatory developments.”

“The law firm provided very practical and hands-on advice albeit a very tight timeline and very complex legal and regulatory questions.”

 

Financial services regulatory

“Competent, quick, reliable.”

“Service minded and quick to respond. Comprehensive knowledge makes the response short and to the point.”

 

Investment funds

“Highly responsive; deep relevant knowledge in financial services, solution oriented legal advice.”

“The team handled the matters smoothly and timely. Very pleasant to work with. Very knowledgeable and practical.  Quick and solution oriented, which the clients appreciate. Sensible pricing.”

 

M&A

“Perfect. Absolutely professional, responsive, creative and proactive.”

“Provides on time and in depth analyses for each topic.”

“They absolutely understand what they are doing. Sound advice, no fluff, efficient. Great to work with.”

“Excellent know-how in M&A topics, very high customer focus and commitment. Ultra fast response time to our requests.”

“Very approachable team who worked with us as an extension of our business; not overly formal; very practical business focussed solutions”

“Very thought through and practical advise, solution driven.”

 

Andrea Huber

“Very responsive, superior advice, high quality of legal advice.”

“Competent, quick, reliable.”

“Efficient, to the point. Experienced with great industry knowledge.”

“Broad knowledge of investment funds, highly responsive, very problem solving oriented.”

 

Beat Schwarz

“He is a fantastic M&A lawyer. Sound advice, level headed in difficult negotiations, quickly understands the most complex drafts.”

“Know-how and experience in M&A is excellent. Very high commitment to customer. Very service oriented.”

“Provides thought through, practical advise and high quality solutions to problems.”

 

Christian Leuenberger

“Availability/responsiveness. Ability to find the right balance between legal obligations and business constraints. Ability to listen before formulating an opinion. Ability to seek other opinion within the firm when not 100% sure about a situation.”

“A true professional. Best choice for a deal.”

“Friendly and is able to provide answers/assistance for questions asks.”

 

Christoph Lang

“Practical and business focussed; very personable and approachable.”

 

Franz Schubiger

"Perfect."

 

Ludivine Boisard

“Ludivine is a real professional who has in-depth knowledge of law and market. She is very client- and deal-oriented.”

 

Oliver Widmer

“Always very detailed precise and to the point!”                     

“He understands our needs from a commercial perspective and is innovative in finding sophisticated yet workable solutions.”

“Was good at breaking down complex issues and find workable solutions.”

“Handled the matters smoothly and timely. Very pleasant to work with. Very knowledgeable and practical.  Quick and solution oriented, which the clients appreciate. Sensible pricing.”

"Client-oriented; high quality of expertise; accurate and punctual; good management; constructive communication with the counterparty and its counsel."

 

Urs Kloeti

“The best legal support that we can ask for, deep subject matter expertise and a very good understanding of the business.”

“Always very detailed precise and to the point!”

“His strengths are: a very good knowledge of the matter, customer and result oriented, punctual and efficient.”

Prager Dreifuss

Founded in 1980, Prager Dreifuss is a recognised Swiss law firm active across financial and corporate transactional advisory. The firm, which has offices in Zurich, Bern, Zug and Brussels, advises both domestic and international clients, assisted by their relationships with other law firms globally. 

 

Focusses / specialisms 

The firm is best known for its work in restructuring and insolvency, but also has notable banking and finance, capital markets and M&A practices. In banking and finance, the firm represents lending and borrowing clients in senior financing and facility agreements.

In capital markets, the firm advises on initial coin offerings and cryptocurrency mandates. 

In M&A, the firm advises sellers and buyers in acquisitions in the media, asset management and energy industries.

In R&I, the firm notably advises bondholders and indentures trustees in insolvencies and bankruptcies.

 

Key clients 

Deutsche Bank Trust Company, Centerbridge Partners and Bank of America Merrill Lynch are key publishable clients of the firm. 

 

Research period review: 31st edition (2020/2021) 

Within the research period, the banking and finance team acted on the borrower side in mostly corporate financings, but also some acquisition financings and refinancings. It also worked on financial services regulatory matters related to equity capital markets.

In M&A, the team represented a mix of buyers and sellers in strategic acquisitions. It also worked on a couple of strategic investments.

The restructuring and insolvency team mostly advised creditors, specifically bondholders, in insolvency and bankruptcy proceedings.

At the end of 2020, partner Michael Mosimann left the firm to join Eversheds Sutherland. Mosimann practices M&A, restructuring and insolvency and banking and finance.

 

Deal highlights: 31st edition (2020/2021) 

Petroplus insolvency

 

Client feedback: 31st edition (2020/2021) 

 

Banking and finance

“Fast and reliable, excellent review and service, high quality.”

 

Capital markets: equity

“Timely responses that are extremely comprehensive.”

 

M&A

“Excellent team.”

 

Project development: energy

“They work thoroughly and quickly, make clear statements.”

 

Restructuring and insolvency

“Prager Dreifuss were very client focussed, and clearly very experienced in dealing with international insolvencies with a Swiss dimension.”

“They are very knowledgeable in restructuring in particular but also in finance.  I can rely on them for technical expertise and a practical approach, which is always appreciated.”

“Very experienced in restructuring, notably regarding funds and bonds.”

“Although Swiss based, they approach matters with a global mindset, bringing their experience of working on mandates with significant multijurisdictional components. When insolvency is contentious, their litigation capabilities have proven essential.”

“Very competent, reliable, quick in response, broad field of competence.”

 

Andreas Moll

“Fantastic mind, brilliant communicator and problem-solver.”

“Very competent, friendly, helpful, pragmatic.”

"Very shrewd lawyer; excellent strategist."

 

Christian Schonfeld

“Helpful, thorough and concise advice.”

 

Daniel Hayek

“Excellent quality.”

“Very hard working and committed to getting the best possible outcome for the client.”

“Extremely knowledgeable on Swiss restructuring and finance. My "go-to" Swiss lawyer. He is very responsive and technically excellent.”

“Excellent lawyer. He has a profound knowledge of the market and thinks always very strategically. He is impressive with clients.”

“In-depth knowledge in the field of distressed debt, restructuring and insolvency proceedings, precise work, reliable, quick responses.”

 

Gion Jegher

"Extremely responsive. Great knowledge and a pleasure to work with."

Schellenberg Wittmer

Schellenberg Wittmer is a leading Swiss law firm. It has offices in Zurich, Geneva and Singapore and regional desks in Southeast Asia, Brazil and Africa. 

 

Focusses / specialisms 

The firm is a market leader in financial services regulatory, but also does outstanding work in banking and finance, capital markets, M&A and restructuring and insolvency. In banking and finance the firm advises lenders on senior debt financing to healthcare and life sciences companies.

In financial services regulatory, the firm advises on FINMA approvals and the implementations of new Financial Services and Financial Institutions Acts.

In capital markets, the firm advises lead managers and issuers on convertible and sustainability bond issues and shares listings of the SIX Swiss Exchange. In structured finance, the firm advises in cryptocurrency, blockchain products and derivatives documentation.

In M&A, the firm advises on the buy and sell side of large cross-border transactions acting for notable logistics service providers, in-store analytics fund shareholders and digital service companies in takeovers and public tender offers. 

In restructuring and insolvency, the firm advises administrators, receivers, liquidators, distressed companies and creditors in bankruptcy, recovery and insolvency proceedings.  

 

Key clients 

Some of the recent key clients of the firm include Oxford Finance, Helvetische Bank, Raiffeisen Switzerland Cooperative, Rapid Nutrition, Credit Suisse, Panalpina Welttransport, Xovis, Infocentric and Hypotheka.

 

Research period review: 31st edition (2020/2021) 

Over the research period, the capital markets team worked on debt and equity transactions, acting for issuers. Debt transactions include bail-inable, convertible and investment grade bond issuances. Equity transactions were a bit more varied, including capital increases, share buybacks, rights offerings and public offerings. It also worked on OTC derivatives transactions, as well as structured finance products.

In financial services regulatory, the team represented clients in the banking and financial services industry on regulatory matters stemming from the LIBOR transition, derivatives, FINMA and FinSA compliance.

The M&A team worked slightly more on the buy side in public and private acquisitions. It also represented companies in strategic investments, financing rounds and joint ventures.

In restructuring and insolvency, the team acted for receivers, trustees, debtors and creditors in insolvency and bankruptcy proceedings, as well as liquidations and restructurings.

In terms of lateral moves, M&A partner Lorenza Ferrari Hofer joined the firm from Pestalozzi.

 

Deal highlights: 31st edition (2020/2021) 

Ams €1.3 billion double tranche 7% and 6% high yield bond issuance

Gategroup acquisition of LSG Group’s European operations

Petroplus insolvency

 

Client feedback: 31st edition (2020/2021) 

 

Banking and finance

“Extremely professional, excellent speed of service, practical approach.”

“The law firm clearly understood the issues we were facing and provided an effective support. In addition they used a pragmatic approach and quick/prompt feedback under tight deadlines.”

 

Capital markets: debt

“Extensive knowledge and understanding of the regulatory environment in Switzerland as well as of the client needs. Hands on approach in terms of implementation and highly execution driven. Availability of partners and associates is exemplary.”

 

Capital markets: equity

“I have worked only with Tarek Houdrouge but the capital markets practice group of the firm is known in the market to be one of the best. Schellenberg Wittmer is at the forefront of innovation when it comes to market know-how and skills and how developments in those areas might impact our business.”

“Perfect advice; perfect anticipation for the solution of complex legal issues involving more jurisdictions.”

 

M&A

“The transaction was not easy, also due to the COVID-19 situation and the corresponding problems in the retail industry. The Schellenberg team lead by Christoph Vonlanthen and Oliver Triebold was very successful in guiding us through this complex situation and has achieved an excellent result. They were very responsive and thorough in their approach.”

“Extremely good business acumen and understanding of wider aspects than just legal. Superb advice and support in all aspects of the M&A process from legal due diligence to contract drafting and negotiations.”

“During the 9 months of working with Schellenberg, I had a lot of different legal questions, which I always received substantive answers to. Schellenberg demonstrated a very thorough, conscientious, professional work.”

“High quality legal advice, easy to work with, hands-on mentality, short response time.”

“Excellent business acumen and understanding of our business as basis for superb legal advice and fully fledged M&A legal support.”

“Relationship, availability and quality of work have reached my expectations and value for money is good.”

“Proactive, reliable, responsive.”

 

Private equity

“Very flexible and capable, were instrumental to closing a complex deal with long negotiations.”

 

Restructuring and insolvency

“They provide comprehensive and practical advice in a timely manner that can be acted upon.”

 

Christoph Vonlanthen

“Clear pragmatic advice provided on short notice. Available 24/7.”

“Christoph is highly experienced in very complex transactions and always managed to keep the overview of the transaction. He clearly outperformed the lawyers of the seller.”

 

Lorenzo Olgiati

“Personal touch, always has a positive attitude, quick problem solver.”

 

Martin Lanz

“High accessibility with short response times. Pronounced can-do mentality and very pleasant personality to deal with.”

“Extremely professional. Very proactive, excellent response times.”

 

Oliver Triebold

“Simply excellent in all aspects.”

“Excellent business acumen coupled with legal know-how, understanding our needs and very pragmatic in all aspects, problem solving capabilities and very fast”

 

Pascal Hubli

“Very responsive and reliable.”

“Pascal participated in the preparation of various M&A transactions and the resolution of corporate disputes. He considers the situation on its merits, not limited to a dry legal assessment of the situation. Thanks to this, he greatly helps in decision-making and does not leave the client alone with complex decisions.  Pascal carefully listens to the client's feedback, adjusts his actions and the actions of his team.  Pascal effectively manages the actions of his team, providing the expected result in the planned time frame.”

 

Philippe Borens

“Perfect advice; deep knowledge of Swiss capital markets and takeover rules and regulations. Solution driven advice.”

“Philippe is a very responsive and reliable lawyer. He tries to understand clients actual issues and to solve it with a pragmatic approach, which is an approach really appreciated by in-house counsels.”

 

Stephen Leimgruber

“Clear pragmatic advice provided on short notice. Available 24/7.”

 

Tarek Houdrouge

“Great expertise of the industry and always available and flexible, outside-the-box thinking.”

“Tarek Houdrouge and his team are dedicated, hardworking, available and imaginative. I have trust in his advice and keep excellent and transparent relationship. Team members assignments, fees and time sheet are openly discussed.”

“Tarek is an impressive lawyer combining outstanding technical legal skills with a solution oriented approach, he is also very responsive and efficient. He anticipates the key challenges and provides great strategic advice, has in-depth knowledge in the regulations and knows extremely well the industry. He has also excellent communications skills and he is very approachable, it is always a great pleasure working with him.”

VISCHER

Vischer is a renowned independent Swiss law firm active across challenging mandates in the financial and corporate space. Advising both cross-border and domestic clients, the firm is particularly known for its restructuring, regulatory and M&A work. The firm has offices in Zurich, Basel and Geneva.

 

Focusses / specialisms 

The firm is best known in the market for its leading work in financial services regulatory, although it also does standout work in banking and finance, capital markets, M&A and restructuring and insolvency. In banking and finance, the firm works with borrowers, mainly in the biopharmaceuticals industry, on senior facility and mezzanine loan acquisition financing. In financial services regulatory, the firm advises on the Swiss Financial Services and Financial Institutions Acts and online payment products.

In capital markets, the firm advises life sciences issuers, among other industries, on rights offerings and share placements. In debt, the team has experience in convertible bond mandates and derivatives advisory.

In M&A, the firm advises on mid-market domestic and international deals, advising buyers and sellers in a range of industries including power, manufacturing and media and technology sectors. It also advises on a financing rounds and public takeovers.

In R&I, the firm represents liquidators and creditors in bankruptcy proceedings and asset collection. 

 

Key clients 

Some of the recent key clients of the firm include AFINUM, PricewaterhouseCoopers, Dermedis Group, Arvelle Therapeutics, Tokentrust, Warteck Invest, Bachem Holding, Kuros Biosciences and Wefox Group. 

 

Research period review: 31st edition (2020/2021) 

Within the research period, the banking and finance team worked on both transactional and regulatory matters. Transactional work included representing borrowers in corporate financing and refinancing matters. In financial services regulatory, the team acted for banking and financial services companies in matters related to FinsSA and digital banking.

In capital markets, the team works on equity and derivatives transactions. Equity related transactions included share offerings, share subscription facilities and rights offerings, where the team advised issuers. Derivatives matters include regulatory advice as well as exchange traded commodities programs.

The M&A team advised slightly more on the buy side than sell side in strategic and private equity transactions. While the team advised across several industries, banking and financial services, healthcare and technology were big industries for it.

In restructuring and insolvency, the team worked for liquidators in liquidation proceedings. It also worked for debtors and creditors in out of court restructurings, insolvency proceedings, bankruptcy proceedings and crossborder filings, namely Chapter 11 filings.

 

Deal highlights: 31st edition (2020/2021) 

Boehringer Ingelheim €1.18 billion acquisition of NBE-Therapeutics

Ridgex Investments Exchange Traded Commodities program

Vermögensverwaltungs liquidation

 

Client feedback: 31st edition (2020/2021) 

Banking and finance

“Experienced with litigation proceedings at local courts, noteworthy track record in settlements and litigations, strategic and thorough litigation approach.”

 

Capital markets

“Very experienced lawyer with in-depth knowledge and a consulting and professional approach of discussing opportunities and risks.”

“They are able to get to the core of things very easily, are responsive and know what they're talking about.”

“Very knowledgeable and experienced, thorough while at the same time solution-oriented, client focused.”

 

Insolvency

“Very knowledgeable and professional, thorough while at the same time pragmatic, strategic approach to overall situation and structured approach to upcoming matters, client focussed and approachable.”

 

Investment funds: registered funds

“They are always well prepared, specific in their opinions and provide well structured work based on the specific questions of the client.”

 

M&A

“Deal oriented, commercial, pragmatic/easy to work with.”

“Very responsive, very good knowledge of Swiss corporate law, thinks of the details while also focusing on the big picture.”

“Commercial, responsive, subject and jurisdiction matter expert.”

 

Christian Oetiker

“Experienced litigator, convincing appearance, clear and structured communication.”

 

Gian Caprez

“He is very responsive and nice to work with. He has excellent knowledge of Swiss corporate law, provides practical advice.”

“Gian demonstrates outstanding contract drafting and negotiation skills. He delivers the full carefree package on project execution and is easy to work with.”

 

Jana Essebier

“Very knowledgeable about banking and insolvencies, extraordinarily structured and pragmatic approach.”

"Very knowledgeable about capital markets & banking industry; extraordinarily structured and pragmatic."

 

Markus Guggenbühl

“Very experienced, thorough, deep industry knowledge, well connected.”

 

Matthias Staehelin

“Very experienced in corporate governance and M&A.”

 

Robert Bernet

“Commercial responsive, professional.”

 

Seraina Jenny-Tsering

“Seraina is a delight to work with. Always friendly and pleasant, and very knowledgeable.”

 

Stefan Grieder

“Wants to really understand the questions and goals of the client, excellent industry knowledge of the Swiss fund industry, very structured in work, provides good feedback and questions, always ready to go the extra mile or give extra indications/signal heads up topics.”

Walder Wyss

Walder Wyss is an established Swiss Law firm that is known for its complex finance, restructuring, M&A and regulatory legal advice. It has offices across Switzerland, in Zurich, Geneva, Basel, Berne, Lausanne and Lugano.  

 

Focusses / specialisms 

The firm is a market leader in the financial services regulatory and structured finance and securitization practices. However, the firm is performs outstanding work in banking and finance, debt and equity capital markets, M&A and restructuring and insolvency. In banking and finance the firm advises lead arrangers, borrowers and lenders in revolving credit facility financing, refinancing, and acquisition financing transactions. It also advises on mortgage loans and commodity trade financing.

In financial services regulatory, the firm acts as investigator in the FINMA regulatory proceedings and advises on FinTech licensing.

In equity capital markets, the firm advises issuers on IPOs, share offerings, squeeze-out mergers and share buy-back programmes. In debt, the firm advises issuers and originators on covered bonds, green bond issuances and asset-backed securitisations.

In M&A, the firm represents publicly listed sellers and buyers in high-profile market acquisitions in a range of industries including skincare health, pharmaceuticals and life sciences and energy management.

In R&I, the firm advises ad hoc groups of noteholders in restructuring proceedings, and advises creditors, administrators and debtors in bankruptcy and insolvency cases.

 

Key clients 

Some of the recent key clients of the firm include PSA Finance Suisse, Credit Suisse, Zürcher Kantonal Bank, UBS Switzerland, Bitcoin Suisse, Oriflame Holding, AMAG Leasing, Nestlé and NovImmune. 

 

Research period review: 31st edition (2020/2021) 

In the research period, the banking and finance team represented lenders in real estate, corporate and sustainability financing. It also represented distressed companies in refinancings and financial restructurings. In financial services regulatory, the team advised clients in the banking and financial services industry on regulatory matters related to FINMA, investment fund structuring, FinIA, FinSA and cryptocurrency.

The capital markets practice mainly worked on debt, equity and structured finance and securitizations transactions, acting for issuers. Debt transactions include covered, high yield, green and investment grade bond issuances. Equity transactions include rights offerings, IPOs, buybacks, public offerings, at the market offerings, capital increases and tender offerings.

In M&A, the team represented both buy and sell side in strategic and private equity acquisitions. Though the team is able to complete transactions across a wide variety of industries, banking, healthcare and technology were big industries during the research period.

The restructuring and insolvency team acted for mostly creditors, but also debtors in out of court restructurings and bankruptcy and insolvency filings.

In terms of lateral moves, partner Katja Schott joined the M&A practice from Wenger Plattner.

 

Deal highlights: 31st edition (2020/2021) 

Aluflexpack SIX IPO

Boehringer Ingelheim acquisiton of NBE-Therapeutics

Gategroup restructuring

Swissport restructuring

Valiant Bank CHF 5 billion covered bond program

 

Client feedback: 31st edition (2020/2021) 

 

Capital markets: structured finance and securitization

“Defacto market leaders on securitisation in Switzerland. Lukas Wyss in particular is well briefed and results orientated.”

 

Financial services regulatory

“The firm has a very hands-on and pragmatic approach. As opposed to many law firms, they actually help us to cope with our daily business in a very efficient manner. They are very much on top of practical developments and up to speed with the most recent practice of the regulator.”

 

Investment funds: retail funds

“Pragmatic, very reliable, excellent responsiveness, very diligent and professional firm and lawyers. Clearly know and are knowledgeable in their area of expertise. Also pleasant and nice to deal with.”

 

M&A

“Wide knowledge base with solid business and economic background. Excellent negotiation skills. Great availability even outside normal business hours and weekends. Quick response.”

“Hands on. Quick turnaround time and commitment. Good chemistry with our team.”

“Highly efficient, competent, pro-active, agile and client oriented legal services. Mr. von Rosen has always been extremely committed to serve us with his counsel - even during weekends and holidays when needed.”

“Very commercial attitude.”

 

Restructuring and insolvency

“Very good support and guidance in our process, from start to mid-way (we are not finished yet). Clear and direct communication, good to highlight pitfalls and how to work with the risk factors.”

“Responsive, client focused and extremely technically competent.”

“Always meeting deadlines, responsive, robust and practicable advice.”

“They are experienced and know what they are doing. We are dealing with Dominik Hohler who is well experienced and provides on the spot advice as needed.”

 

Alexander Gutmans

“Hands on, committed, knowledgeable, good chemistry to the team.”

 

Dominik Hohler

“Very experienced, provides clear advice, always solution oriented.”

“Young partner of the firm, excellent lawyer, client and solution oriented, very responsive.”

“Responsive, helpful and great technically. A pleasure to work with.”

 

Luc Defferard

“Very hands-on approach and commercial attitude.”

 

Lukas Wyss

“Lukas is a market leader for Swiss securitisation advising on seemingly everything. He knows where the touch points are an mitigates risk effectively.”

 

Markus Pfenninger

“Very experienced, bright lawyer with a lot of industry insights... a true 'go-to-lawyer'.”

 

Ramona Wyss

“She is one of the brightest and legally most sound lawyers I know. She has a strong understanding of the whole energy sector and excels both in regulatory, M&A as well as corporate law topics. She is reliable, loyal and very amicable to deal with. Fortunately for her, Walder Wyss have realised that she is an exceptional lawyer and have made her the youngest partner ever.

 

Robert von Rosen

“Highly competent & client focused. Agile and flexible. Provides excellent assessments and counsel. Communicates well. Manages the client relationship well: ie well balanced between formal and informal. Result oriented and very well structured in terms of preparation, providing feedback and counsel and execution.”

“Hands on, committed, knowledgeable, good chemistry to the team.”

 

Urs Gnos

“Listening and understanding the matter at hand. Broad insight into legal matters and how to solve them. Good guidance on step plan on how to proceed. Supporting us in planning and execution.”

“Deep understanding of our business, extremely responsive, excellent availability, problem solving orientation.”

 

Urs Hofer

“Extremely approachable and responsive. Professional and commercial at all times. Real pleasure to deal with and knows his area extremely well.”

Wenger Plattner

Wenger Plattner is an established Swiss law firm active in M&A and restructuring transactional work and advisory. The firm advises on both international and domestic transactions, and has offices in Basel, Bern, Geneva and Zurich.  

 

Focusses / specialisms 

The firm is a market leader in restructuring and insolvency. It also has notable banking and finance and M&A practices. The banking and finance practice represents borrowers in acquisition, real estate and corporate financing.

In M&A, the firm mainly advises foreign buyers, particularly German companies, in acquisitions in a range of industries including real estate, aviation and relocation services. 

In restructuring and insolvency, the firm acts as either appointed or elected liquidators in ongoing bankruptcy liquidations.

 

Key clients 

Some of the recent key clients of the firm include Consus Real Estate, rlc packaging group, Vienna International Hotel Management, HRG Hotels and Novartis Pharma. 

 

Research period review: 31st edition (2020/2021) 

Throughout the research period, the banking and finance team represented borrowers largely in acquisition financing matters, largely in the real estate industry.

In M&A, the team worked equally with buyers and sellers in strategic and private equity acquisitions. It also worked on joint ventures, strategic investments, private equity investments and buyouts. Banking and financial services and real estate were two of the biggest industries for this team.

The restructuring and insolvency practice acted as administrators and liquidators in bankruptcy liquidations. It also advised distressed companies in out of court restructurings.

In terms of lateral moves, the M&A practice brought over partner Tobias Meili from an in house position at Syngenta.

 

Deal highlights: 31st edition (2020/2021) 

Bank Hottinger & Cie bankruptcy liquidation

CENTRUM acquisition financing for KCM-Holding

Glide Buy-Out Partners acquisition of Toner Partner Group

 

Client feedback: 31st edition (2020/2021)

 

M&A

“The firm has an excellent international reputation for its work in terms of both quality and value for money. We specifically appreciate the following key features: Partner involvement (i.e. partner-led service). Responsiveness. Clear business language with clear and practical recommendations. Business understanding and focus on what commercially really matters. Identification with the client and his business. Excellent value for money. High quality advice and attention to details throughout all levels, i.e. from junior associate to partner.”

“Flexible. Responsive. Competitive.”

“I was impressed by the level of professionalism of the team working on the project, their pragmatism and I particularly appreciated their around-the-clock availability. Tobias Meili was key to getting this transaction over the finish line.”

“Very competent, very to the point, very helpful and creative.”

 

Restructuring and insolvency

“Great legal skills, very good understanding of business background and smart practical solutions.”

“Excellent legal and practical advise. Very well positioned and connected in the Swiss insolvency community.”

“Wenger Plattner is a market leading firm in Switzerland for insolvency related work. The team is top class and very responsive.”

“Outstanding professional advice on matters relating to the Swiss legal area. In addition, regular activity as bankruptcy trustee in major Swiss bankruptcy proceedings. Very fast response times.”

“Technically excellent and very responsive. Also assertive when appropriate.”

“Modern, straightforward approach.”

 

Brigitte Umbach Spahn

“Thorough and very reliable.”

“Strong technically and assertive in negotiations.”

“Outstanding quality, excellent response times, skilled in her field of restructuring and insolvency - and she also skis exceptionally well.”

“Brigitte is an expert on Swiss insolvency law and has particular expertise in dealing with cross border matters.”

“Brigitte is a very good expert and a very friendly colleague.”

“Extremely reliable.”

 

Fritz Rothenbühler

“Profound knowledge. Good presence and personal fit.”

 

Oliver Künzler

“Very competent, very solution driven.”

“Responsive. Clear communicator.”

“Oliver Künzler 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, sound proposals to resolve difficult situations to the benefit of his clients. I very much like his pragmatic and high-quality approach.”

 

Stefan Bossart

"Great analytical skill; very organized; very reliable."

"Stefan is a senior associate in the Wenger Plattner team and he is an expert on Swiss insolvency matters and excellent on cross-border matters."

 

Tobias Meili

“Tobias Meili is pragmatic, solution-oriented and turned out to be a key player who always keeps calm and remains focused in the midst of what was a very challenging transaction.”

Wenger Vieli

Wenger Vieli is a Swiss law firm primarily focused on tax and business law, though is also active in advisory in the financial and corporate space. It has offices in Zurich and Zug.

 

Focusses / specialisms 

The firm is best known for its work in the banking and finance, M&A and restructuring and insolvency practices, though it also has a notable project development practice. In banking and finance, the team advises borrowers and lenders on bilateral loans, debt financing, real estate, project and acquisition financing transactions.

In M&A, the firm advises international and domestic bidders, selling shareholders, investors and buyers for acquisitions in a range of real estate, renewable energy, private equity and retail sectors. The firm also advises start-ups on financing rounds.

The project development team represents clients largely in the energy industry on project acquisitions, financings and development related matters.

In restructuring and insolvency, the firm represents creditors and administrators in insolvency cases. It also advises distressed companies in financial restructurings.

 

Key clients 

Recent publishable clients of the firm include Hoerbiger Group, Signa Group, Fu Gen and Energy Access Ventures.

 

Research period review: 31st edition (2020/2021) 

During the research period, the banking and finance team represented borrowers in venture debt, acquisition, project, trade and corporate financing. It also worked on many refinancings.

The M&A team worked on slightly more buy side mandates than sell side, representing companies in strategic acquisitions. It also represented companies in mergers and strategic investments.

The project development practice represented clients largely in the energy industry. Several of these transactions were acquisition based transactions.

In restructuring and insolvency, the team represents debtors and creditors in liquidations and bankruptcy filings. It also represented acquirers and sellers in distressed company acquisitions.

In terms of lateral moves, financial restructuring partner Martin Hess left the firm for Künzi Hess Macnab.

 

Deal highlights: 31st edition (2020/2021) 

Energy Access Ventures CHF 10 million financing of Candi Solar

Helvetia Wealth insolvency proceedings

Scandit venture debt financing

SIGNA and Central Group acquisition of GLOBUS

 

Client feedback: 31st edition (2020/2021) 

 

Asset finance

“Quick setup of a legal deal. Team with all necessary know-how and experience regarding the transaction. Very proactive in giving advise. Forward looking advise. Excellent know-how. Excellent availability (24/7). Quick and pragmatic feedback, taking into account the short time-line. Keeps the client updated on what’s going on. Early highlighting of possible hiccups. Excellent standing in the market.”

 

Banking and finance

“Fast, reliable, precise, hard-working, on-time.”

“Great overview and knowledge of our financing set-up (years of relationship). Comprehensive feedback and reliable support during financing transactions.”

“They are efficient, know the business very well. If one has a question, they don't need to spend hours in research, they usually have the answer or at least good part of it right away. They understand that risk is at the center of every decisions made and advise accordingly. Great experience, knows very well the business, listen to the needs, extremely responsive.”

 

Capital markets: structured finance and securitization

“Skills, professionalism, pragmatism, solution oriented.”

 

Investment funds

“Very responsive and efficient.”

“They were very responsive and had amazing customer service. Further, they were very helpful in connecting me to the right actors in the ecosystem.”

 

M&A

“Solid and deep experience in M&A. Direct and ‘hands-on’ support. 24/7 availability. Very good quality control. Experienced risk management.”

“Outstanding, detailed and accurate legal services with a hands-on attitude.”

 

Private equity

“They have great experience in the fields we have mandated them for.”

“Professional, high level of expertise in house, helpful, quick feedback, and sound staffing allocations (mix of partners/associates on projects). There is also a good network within the company that can help for point expertise.”

 

Restructuring and insolvency

“All has been great. Extremely knowledgeable, pro-active and forward thinking, diligent, responsive, etc. Without them, we would likely have unknowingly made missteps along the way.”

 

Daniel Oehri

“Great overview and knowledge of our financing set-up through years of relationship. Comprehensive feedback and reliable support during financing transactions.”

 

Daniel Weber

“Super responsive Very knowledgeable Very easy to communicate with.”                                                                                                                                       

“A lot of experience re: regulations and the views of the Swiss Financial Market Supervisory Authority FINMA.”

 

Georg Zondler

“Great experience, good communication skills, straight to the point, solution driven (not academic).”

 

Marc Walter

“Our law firm employed Marc Walter on several occasions to assist us with international transactions. The clients were from Switzerland, Poland, Spain, Israel and Portugal. Marc Walter has always been available even at short notice and when deadlines were challenging. He takes the time to listen and understand the specific situation of each client and then provides detailed but pragmatic advice. Marc has a wealth of experience on very large transactions but shows the same interest and applies the same degree of care when handling smaller matters. In every occasion, Marc Walter delivered on time and on (very reasonable) budget. In addition, Marc Walter has outstanding language skills (near native in English and fluent in French) and quickly build up an outstanding relationship with the clients and the other lawyers our team. We can unanimously, warmly and firmly recommend Marc Walter.”

“Experienced M&A Lawyer in contract design and detailed terms development. Very good and efficient negotiations with the buyer with excellent outcome for the seller. Very good handling of the special ‘Corona’ situation - all virtual meetings, but still very successful.”

 

Martin Peyer

“Pragmatic, professional, skillful.”

 

Michael Baier

“Theoretical implementation very strong, and also in the practical implementation. Helpful. Responsive. Professional. All of the attributes I've listed for the firm.”

“Experienced and hands on mentality.”

“Very responsive, easy to work with, knowledgeable and efficient.”

 

Stefan Müller

“Knowledgeable, pro-active and forward thinking, creative, great communication skills, responsive, diligent, etc.”

GHR

GHR is an independent full-service law firm in Switzerland and has been in the market for over 20 years. The firm has offices in Bern and Zurich and is a member of Lawyers Associated Worldwide (LAW), the Energy Law Group (ELG) and the League of Lawyers (LoL).

 

Focusses / specialisms

The firm has a focus on banking and finance and debt capital markets. In banking and finance, the firm acts on behalf of lenders and borrowers in debt financing. In capital markets the firm advises assets managers and securities dealers.

 

Key clients

Key clients of the firm include CEMEX, Canton of Bern, Eurasian Resoruces Group, Goldman Sachs Bank USA, Horus Finance, Silverfleet Capital, UBS, Stamford Branch, Xylem.

 

Client Feedback: 31st edition (2020/2021)

Financial restructuring

"Solution-oriented advice, efficient implementation and pleasant interaction."

 

M&A

"Quick, efficient and commercial."

"Very reactive and proactive, multi-lingual, cost-efficient."

id est avocats

id est avocats is a boutique firm in Lausanne, Switzerland.

 

Focusses / specialisms

The firm has a focus on M&A matters and has expertise in venture capital and private equity. The firm also carries out work in corporate finance, joint ventures and M&A.

 

Key clients

Key clients of the firm include Nexthink, Beqom, Aktiia, Bestmile, and Swisscom Ventures.

 

Client Feedback: 31st edition (2020/2021)

Investment funds: Private equity funds

"A good view of what is customary in the Swiss market, and how it is similar and different to other markets where we have more familiarity."

 

Private equity

"1. Strong team - clearly reinforced visibility on the market, several senior hires. 2. Deal-makers and skilled negotiators - they understand the business environment and work for the deal. 3. For mid-market deals, a very valuable choice compared to bigger firms. 4. They are fun to work with. "

"Knowledgeable, experienced, responsive, fast, convincing, authoritative."

Oberson Avocats

Oberson Avocats was founded in 2016 and is the combination of Oberson & Partners and Swiss boutique firm Abels Avocats offices. The firm has four offices in Switzerland.

 

Focusses / specialisms

The firm is active in banking and finance and financial services regulatory matters.

 

Client Feedback: 31st edition (2020/2021)

Banking and finance

"Very reactive and straight to the point professional advice."