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Capital Markets

Top Grade Advice for Every Issue

Our Capital Markets Group is composed of lawyers with an in-depth knowledge of debt and equity capital markets and the practical and technical know-how to get the deals you want done. Many of us have worked for Swiss or international banks or served in Anglo-American law firms. Our experience and expertise, together with the size of our team, enable us to handle all types of domestic and cross-border capital market transactions, no matter how large or complex, and to provide tailor-made service to our clients, even on short notice.


Schellenberg Wittmer advises ams AG in acquisition of Heptagon Advanced Micro-Optics
Schellenberg Wittmer advised Raiffeisen Switzerland Cooperative (D-SIB)
Schellenberg Wittmer advises AXA Life Ltd in public tender offer

„providing sound and strategic advice on ECM and DCM matters.“

Chambers Europe

Key Contacts

Dr. Philippe Borens
Dr. Martin Lanz
Dr. Lorenzo Olgiati
Dr. Martin Weber


Regular involvement in capital markets transactions and extensive participation in shaping the legal and regulatory environment in this business sector ensure that we have the ideal blend of practical and technical know-how to act on behalf of issuers and underwriters or as transaction counsel in all aspects of domestic and cross-border capital markets transactions. Our expertise encompasses:

  • Primary and secondary share offerings, including IPOs, convertibles, mandatory convertibles and hybrid instruments for banks;
  • Debt instruments, including OTC derivatives and issuance of structured products, both under programmes and stand-alone;
  • Listing of securities on SIX Swiss Exchange;
  • Advice on stock exchange regulation, disclosure of price sensitive facts, market behavior rules and insider regulation as well as disclosure of substantial shareholdings.

Several partners of our team are registered with SIX Swiss Exchange as recognized representatives of issuers.

Our experience includes:

  • Swiss counsel to SIX-listed ams AG, a leading worldwide supplier of high-performance sensor solutions headquartered in Austria, in its acquisition of 100% of the share capital of Heptagon Advanced Micro-Optics Pte. Ltd., Singapore; the purchase price of up to USD 855 million was partly paid in cash and partly in newly issued and SIX-listed ams-shares;
  • Swiss counsel to BNP Paribas, Credit Suisse and UBS in their capacity as joint lead managers in a CHF 400 million bond issue by the Republic of Argentina, with bonds issued under a NY law indenture in Switzerland and listed on SIX Swiss Exchange (IFR Awards 2017);
  • Counsel to AXA Life Ltd in a public tender offer for all the shares in Zürcher Freilager AG, a Zurich based real estate company with a portfolio of CHF 870 mio., followed by a squeeze-out merger. We advised on tender offer, real estate, corporate, merger law and tax aspects;
  • Counsel in the transaction of LifeWatch AG's CHF 44.9 million capital increase. LifeWatch is a leading developer and provider of medical solutions and remote diagnostic monitoring services to the digital health market;
  • Swiss counsel to SIX-listed ams AG, in the successful placement of senior unsecured convertible bonds due 2022 in an aggregate nominal amount of USD 350 million and a denomination of USD 200,000 each. The bonds are quoted on the open market segment of the Frankfurt Stock Exchange, and convertible into 3.27 million new ordinary no par value bearer shares (listed on SIX), which will originate in general from the company’s conditional capital, representing approximately 3.9% of the current outstanding share capital;
  • Counsel to Raiffeisen Switzerland Cooperative issuing 3% CHF 550 mio Additional Tier 1 Capital Bonds. Raiffeisen Switzerland Cooperative and UBS AG were Joint Lead Managers.

Deals & Cases

Schellenberg Wittmer advises ams AG on placement of Convertible Bonds

Awards and Recognitions

The group and leading practitioners are highly ranked and recognized amongst leading law firms in global directories and publications:

  • Chambers Global and Europe in Capital Markets
  • Legal 500 in Capital Markets
  • IFLR and IFLR 1000 in Capital Markets
  • WWL Switzerland and across WWL Capital Markets international guides

Selected Publications

Kommentierung von Art. 2 lit. d, 2 lit. f, Art. 33-39 FinfraG
in: Kommentar zum Finanzmarktinfrastrukturgesetz (FinfraG) / Hrsg. Rolf Sethe, Olivier Favre, Martin Hess, Stefan Kramer, Ansgar Schott / Schulthess 2017
Kommentierung von Art. 2 lit. b, c und e, 3, Vor Art. 4 (N 45-54), Art. 42-43, 46 FinfraG
in: Kommentar zum Finanzmarktinfrastrukturgesetz (FinfraG) / Hrsg. Rolf Sethe, Olivier Favre, Martin Hess, Stefan Kramer, Ansgar Schott / Schulthess 2017