04 December 2017
Greatest diligence due with shareholder disclosures
On 22 December 2016, the Chinese aviation conglomerate HNA Group completed the public takeover of gategroup Holding AG (launched about eight months before) by paying the offer price of CHF 53 per share to the accepting shareholders. Shareholders rejecting the offer were compensated by way of a stock exchange squeeze-out. The total offer price paid by HNA in the takeover of gategroup amounts to approx. CHF 1.4 billion. On 27 April 2017, the gategroup shares were delisted from the Swiss stock exchange. After Swissport and SR Technics, this was the third former Swissair subsidiary taken over by HNA in Switzerland, in addition to HNA building up a substantial stake in Dufry.Read more
13 November 2017
What must be considered before a startup is incorporated? 10 FAQs.
The formal incorporation of a company by a notary is clearly not the first step in a startup project. What do the founders have to pay particular attention to in this early phase? The VISCHER Startup Desk answers the 10 most frequently asked questions.Read more
09 November 2017
Further update on the contractual recognition of a stay on termination rights
ISDA has launched the Swiss Module to the ISDA Resolution Stay Jurisdictional Modular Protocol
The International Swaps and Derivatives Association, Inc. (ISDA) has launched a Swiss Jurisdictional Module (Swiss Module) to the ISDA Resolution Stay Jurisdictional Modular Protocol (Protocol). It provides Swiss banks and their counterparties with an efficient mechanism to implement the contractual recognition requirement set forth in art. 12 para. 2bis of the Banking Ordinance. This is the fourth jurisdictional module launched by ISDA since it published the Protocol in May 2016.