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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Read more: Implementation of the VAG/AVO revision (Umsetzung der VAG/AVO Revision)
Implementation of the VAG/AVO revision (Umsetzung der VAG/AVO Revision)
Wednesday, 24 January 2024, Metropol, Zurich
Reference: CapLaw-2023-77 -
Read more: Swiss Capitalmarket Forum 2024
Swiss Capitalmarket Forum 2024
Thursday, 25 January 2024, Zunfthaus zur Zimmerleuten, Zurich
Reference: CapLaw-2023-78 -
Read more: 3rd Conference on Control Systems (3. Tagung zu Kontrollsystemen)
3rd Conference on Control Systems (3. Tagung zu Kontrollsystemen)
Thursday, 14 March 2024, Paulus Akademie, Zurich
Reference: CapLaw-2023-79 -
Read more: 21st Zurich Stock Corporation Law Conference (21. Zürcher Aktienrechtstagung)
21st Zurich Stock Corporation Law Conference (21. Zürcher Aktienrechtstagung)
Thursday, 21 March 2024, Metropol, Zurich
Reference: CapLaw-2023-80 -
Read more: New CSRC Regulations and Trends on GDR Offeringsin Switzerland
New CSRC Regulations and Trends on GDR Offeringsin Switzerland
In June 2022, Switzerland witnessed the launch of the China-Switzerland Stock Connect Program, which provides Chinese companies with a streamlined pathway to access the Swiss capital markets through the issuance of so-called global depositary receipts (“GDRs”) on SIX Swiss Exchange. Following a swift start, the success of the Program was tested after the Chinese Securities…
Reference: CapLaw-2023-37 -
Read more: Crypto Markets: Regulators Worldwide Are Sharpening Their Knives
Crypto Markets: Regulators Worldwide Are Sharpening Their Knives
The long-held myth of crypto markets benefitting from a “legal vacuum” has recently been dismantled once and for all. Whereas the EU has adopted a regulation for markets in crypto-assets (MiCAR), international standard-setters such as the FATF, the FSB, BCBS and IOSCO have issued a series of far-reaching recommendations that are now to be implemented…
Reference: CapLaw-2023-38 -
Read more: Switzerland’s Quest for a Safe Haven for Crypto Products
Switzerland’s Quest for a Safe Haven for Crypto Products
Tokens such as cryptocurrencies have caused turmoil in the financial market. Regulators are trying to catch up on the latest developments and adapt 20th century legislation to match up with 21st century technology. In this context, the United States Securities and Exchange Commission (“SEC“) has taken enforcement action against two cryptocurrency exchange platforms, Binance and Coinbase, in…
Reference: CapLaw-2023-39 -
Read more: Federal Council Submits Draft Legislation on the Introduction of a Public Liquidity Backstop (PLB) for Systemically Important Banks to the Swiss Parliament
Federal Council Submits Draft Legislation on the Introduction of a Public Liquidity Backstop (PLB) for Systemically Important Banks to the Swiss Parliament
By Benjamin Leisinger / Daniel Hulmann (Reference: CapLaw-2023-40)
Reference: CapLaw-2023-40 -
Read more: Spin-off and Listing of Sandoz
Spin-off and Listing of Sandoz
On 4 October 2023, Novartis AG completed the spin-off of the Sandoz generics and biosimilars business, and Sandoz Group AG debuted as independent publicly traded company. The Sandoz shares were listed on SIX Swiss Exchange. The spin-off has been effected through a tax-neutral dividend-in-kind distribution of Sandoz shares to holders of Novartis shares and of…
Reference: CapLaw-2023-41 -
Read more: Autoneum Rights Offering
Autoneum Rights Offering
On 2 October 2023, Autoneum Holding AG, headquartered in Winterthur, Switzerland, and listed on SIX Swiss Exchange under the ticker symbol AUTN, completed its rights offering launched on 14 September 2023, with net proceeds of approximately CHF 100 million. The net proceeds will be used to partially repay the bridge loan which Autoneum entered into…
Reference: CapLaw-2023-42