
Welcome to CapLaw
CapLaw is a digital newsletter with international reach established and led by the General Editors. We provide up-to-date information on legal and regulatory developments regarding the capital markets, publish concise articles on developments in the Swiss and international financial markets, and announce recent deals and forthcoming events. CapLaw is addressed to all Swiss and international lawyers, in-house counsel, financial institutions and corporates, as well as those who are interested in the Swiss capital markets.
The General Editors
René Bösch, Homburger AG
Matthias Courvoisier, Baker McKenzie Switzerland AG
Benjamin Leisinger, Homburger AG
Ralph Malacrida, Bär & Karrer AG
Nina Reiser, University of St.Gallen
Thomas Reutter, Advestra AG
Patrick Schleiffer, Lenz & Staehelin
Philippe A. Weber, Niederer Kraft & Frey AG
Thomas Werlen, Quinn Emanuel Urquhart & Sullivan, LLP
CapLaw Themes
- FinSA (FIDLEG) (32)
- FinIA (FINIG) (11)
- Insurance (8)
- Securities (95)
- Regulatory (128)
- Takeover (19)
- Derivatives (7)
- News, Deals & Cases (467)
- Events (150)
- Other Areas (8)
CapLaw PDF Archive
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EUR 1.25 bn Callable Senior Notes Issuance under Senior Debt Programme by UBS Group AG
On 8 and 9 January 2024, respectively, UBS Group AG successfully completed its issuance of USD 1.75 bn in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due February 2030 and USD 2.25 bn in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due February 2035 as well as EUR 1.25 bn…
Reference: CapLaw-2024-10 -
Share Offering by AC Immune
AC Immune SA (Nasdaq: ACIU) completed an underwritten offering of 14.3 million of its common shares at a price of USD 3.50 per share. The gross proceeds from the offering, before deducting the underwriting discounts and commissions and other offering expenses, amounted to approximately USD 50.1 million.
Reference: CapLaw-2024-11 -
EUR 1.5 bn Bonds Issuance by Roche
On 4 December 2023, Roche Finance Europe B.V. issued EUR 1.5 bn Bonds guaranteed by Roche Holding Ltd. The transaction consists of a EUR 600 m tranche due December 2027 and a EUR 900 m tranche due December 2036. The bonds will be listed on the SIX Swiss Exchange and have been admitted to trading…
Reference: CapLaw-2024-12 -
GDR Offering and Listing on SIX Swiss Exchange by Shenzhen Senior Technology Material Co., Ltd
Shenzhen Senior Technology Material, whose A Shares are listed on Shenzhen Stock Exchange, sold 12,684,800 GDRs representing five A-Shares each at an offer price of USD 9.46, raising gross proceeds of approximately USD 120.0 million from the offering. Trading in the GDRs on SIX Swiss Exchange commenced on 18 December 2023.
Reference: CapLaw-2024-13 -
Acquisition of R&S Group by VT5 and Listing on SIXSwiss Exchange
On 13 December 2023, the Swiss SPAC VT5 Acquisition Company AG completed its De-SPAC transaction. On that date, it closed the acquisition of R&S Group, completed an offering of new and redeemed shares, and had its first day of trading on SIX Swiss Exchange as the newly renamed company R&S Group Holding AG.
Reference: CapLaw-2024-14 -
3rd Conference on Control Systems (3. Tagung zu Kontrollsystemen)
Thursday, 14 March 2024, Paulus Akademie, Zurich
Reference: CapLaw-2024-15 -
21st Zurich Stock Corporation Law Conference(21. Zürcher Aktienrechtstagung)
Thursday, 21 March 2024, Metropol, Zurich
Reference: CapLaw-2024-16 -
21st Zurich Conference on Developments in Financial Market Law (21. Zürcher Tagung zu Entwicklungen im Finanzmarktrecht)
Tuesday, 21 May 2024, Lake Side, Zurich
Reference: CapLaw-2024-17 -
St. Gall Conference on Corporate Law (St. Galler Gesellschaftsrechtstagung 2024)
Tuesday, 4 June 2024, SIX Convention Point, Zurich
Reference: CapLaw-2024-18 -
Prospectus Requirements for Public Offerings of Securities in Switzerland under the FinSA: Exemptions for Offerings to Employees
Under the Financial Services Act (FinSA), Switzerland has enacted comprehensive rules governing prospectus requirements for public offerings of securities. This article aims to provide a brief overview of the prospectus requirement, focusing on two specific exemptions: Article 37 (1) (g) FinSA for offerings to current or former directors, officers, or employees, and the exemption from…
Reference: CapLaw-2023-56