Suchergebnisse für öffentliche Kaufangebote

Generalversammlungen von AG: «Landsgemeinden» oder «Chatrooms»?

Digitalization will cause a fundamental change regarding general meetings of Swiss stock corporations. Currently, Swiss corporate law provides that shareholders must be physically present, or validly represented at a general meeting and may not participate in writing or by electronic means; the «COVID-19 regime», however, allows e.g. «cyber general meetings». The new Swiss law on corporations,…

Erwerb eigener börsenkotierter Aktien

When a company buys own shares, it reimburses the paid-in capital. Before 2013 own shares were always a mixture of a profit-sharing and a purchase of an asset. In 2013 this changed completely; own shares are no longer assets and can no longer be capitalized. This decision of the legislator, that own shares are a form of profit-sharing, has various consequences: the shareholder must treated…

Le droit des sociétés 2015 / Das Gesellschaftsrecht 2015

Dans la période écoulée, plus longue que d’habitude,¹ le Tribunal fédéral a rendu la première décision publiée en application de l’art. 678 al. 2 CO concernant la restitution des «…

Développements du droit suisse des OPA

This survey of Swiss takeover law focuses on some of the most interesting recent transactions, which are discussed under three aspects : material and territorial scope of the law ; companies which have opted out of mandatory offer for shareholders who pass the 33⅓ % threshold ; and share buy back programs. We also discuss the controversial issue whether a bidder may subject its offer to a…