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Financial Services

Expert Advice in a Rapidly Changing Financial World

Switzerland is one of the world's leading financial markets. Domestic and international banks, insurance companies, asset managers and other financial service providers based in Switzerland play a major role in the global financial industry which has undergone massive regulatory changes in recent years.

Schellenberg Wittmer's activities in the financial industry are part of our core competences and strengths. Our multidisciplinary and integrated "Financial Services" group features experts and specialists across our various practice groups (such as Banking & Finance, Capital Markets, Mergers & Acquisitions, Internal Investigations, White Collar Crime and Compliance, Taxation, and Dispute Resolution). Our extensive experience, profound market knowledge and commercial approach have earned us a strong recognition as a market leader in these areas. We are also regularly active in industry associations and closely involved in legislation and regulatory projects. We regularly advise and represent major banks in their most complex disputes and investigations.

„pragmatic, solution-oriented advice and high-quality services“

Chambers

Contact

Dr. Philippe Borens
Partner Zurich
Caroline Clemetson
Partner Zurich / Geneva
Peter Burckhardt
Partner Zurich
Tarek Houdrouge
Partner Geneva
Partners
Dr. Philippe Borens
Partner Zurich
Benjamin Borsodi
Partner Geneva
Peter Burckhardt
Partner Zurich
Caroline Clemetson
Partner Zurich / Geneva
Dr. Urs Hoffmann-Nowotny
Partner Zurich
Tarek Houdrouge
Partner Geneva
Vincent Jeanneret
Partner Geneva
Dr. Jean-Frédéric Maraia
Partner Geneva
Dr. Michael Nordin
Partner Zurich
Dr. Martin Weber
Partner Zurich
Full Team
Dr. Philippe Borens
Partner Zurich
Benjamin Borsodi
Partner Geneva
Peter Burckhardt
Partner Zurich
Caroline Clemetson
Partner Zurich / Geneva
Dr. Urs Hoffmann-Nowotny
Partner Zurich
Tarek Houdrouge
Partner Geneva
Vincent Jeanneret
Partner Geneva
Dr. Jean-Frédéric Maraia
Partner Geneva
Dr. Michael Nordin
Partner Zurich
Dr. Martin Weber
Partner Zurich

Expertise

Our group advises financial institutions, issuers, investors, and other market participants in areas such as:

  • Financing transactions;
  • Debt and equity capital market transactions;
  • M&A transactions in the financial industry;
  • Licensing of banks, securities dealers, insurance companies and other financial institutions;
  • Internal investigations and compliance issues;
  • Enforcement proceedings before regulatory authorities (FINMA, SIX Swiss Exchange, etc.);
  • Representation of financial institutions in civil and criminal proceedings.

Our experience includes:

  • 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);
  • Swiss counsel to SIX-listed ams AG, in the successful placement of senior unsecured bonds in an aggregate nominal amount of USD 350 million and EUR 600 million, convertible into new ordinary no par value bearer shares listed on SIX Swiss Exchange;
  • Counsel to Credit Suisse Funds in connection with the set-up and approval process by FINMA of a newly authorized Swiss mortgage umbrella fund as "other funds for traditional investments";
  • Lead counsel in the merger of TWINT (PostFinance) and Paymit (SIX), creating the leading Swiss mobile payment solution TWINT 2.0, together with Credit Suisse, UBS, PostFinance, Raiffeisen, Zürcher Kantonalbank and Banque Cantonale Vaudoise;
  • Lead counsel to Credit Suisse in offshore tax evasion investigation launched by U.S. authorities in 2011, and in the subsequent settlement reached between the Bank and the U.S. government;
  • Counsel to EFG International, a Swiss listed private bank, in the acquisition of BSI SA, one of the oldest Swiss banks, from Banco BTG Pactual, for a preliminary purchase price of CHF 1.060 billion;
  • Successful representation of UBS AG before the Zurich Commercial Court and the Federal Supreme Court in a CHF 25 million lawsuit brought by a Swatch Group company for losses suffered with bond fund investments during the financial crisis;
  • Representation of a Swiss bank in criminal proceedings and civil litigation in the context of a substantial claim brought by a foreign corporate client that has accused several Swiss banks of lack of diligence in effecting payment transactions and abetting of money laundering;
  • Successful representation of a major Swiss bank in two cases in which the claimants requested information and disclosure of documents under data protection and contract law.

Awards and Recognitions

Leading practitioners of the group are highly recognized in:

  • Chambers
  • Legal 500
  • Who is Who Legal

Selected Publications

Digitalisation dans le domaine bancaire et aperçu des risques juridiques
in: Revue suisse de droit des affaires et du marché financier (RSDA)/Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht (SZW)
 
Chapitre 12: Le devoir de respecter les instructions du client ou du fondé de procuration
Grégoire Wuest, Alessandro Bizzozero, André Falletti, Samantha Meregalli Do Duc
In: Le mandat de gestion de fortune / éd. par Alessandro Bizzozero, André Falletti, Samantha Meregalli Do Duc. - 2ème éd. - Genève: Schulthess Éditions Romandes, 2017