Suchergebnisse für Aktienrecht

Wissen, Nichtwissen und Wissenmüssen von natürlichen und juristischen Personen

Many statutory or contractual provisions’ legal con­sequences depend on whether the addressee knew or should have known a fact. Thus, the question of what natural or legal persons know is of paramount im­por­tance. This paper defines the three key terms “knowledge”, “lack of knowledge”, and “knowledge that one should have had”. Also, it examines under which conditions a third party’s knowledge…

Relationship Agreements zwischen Vertragsfreiheit und zwingendem Aktienrecht

Relationship agreements between listed companies and large shareholders have gained in popularity over the past years. Relationship agreements cover such topics as the shareholder’s representation on the board of directors, voting at shareholder meetings, the shareholder’s right to receive information from the company, and exit provisions (e.g., lock-up and standstill undertakings). From the…

Anspruch auf Sicherstellung bei Kapitalherabsetzung und Liquidation

The article analyses the creditor’s right to ask for his/her claim to be secured in the procedures of capital ­decrease and liquidation. The strict and very similar rules in both procedures aim to protect the creditors. The authors conclude that a creditor’s right to ask for security shall be subject to the same requirements in both procedures. In this article, the authors state the following: (i…

Sacheinlage- und Sachübernahmevertrag

The contribution in kind agreement is a contract not specifically classified in the Swiss Code of Obligations (CO). According to the prevailing legal opinion the contribution in kind agreement has to be interpreted in line with contractual instead of company law principles. It is widely recognised that the contribution in kind agreement has a close affiliation with the contract of exchange. Based…

Fusions-, Spaltungs- und Vermögensübertragungsverträge aus Sicht der Gesellschaft und der Gesellschafter

The Federal Act on Merger, Demerger, Transformation and Transfer of Assets (Merger Act) contains the minimal contents of the merger agreement, the demerger agreement and the transfer of assets agreement («the reorganisation agreement»). In addition, the Merger Act regulates which bodies of the involved companies have to give their consent to the reorganisation agreement and in which form to…

Der Aktionärbindungsvertrag: Einfache Gesellschaft oder Innominatvertrag?

The present article shows that shareholders agreements are not as of necessity general partnership agreements. As a rule they are rather innominate contracts for which the same rules apply as for nominate contracts, in particular re the questions of consensus, interpretation and amendments. In this respect the real will of the parties is relevant in the first place and only in the second place…

Disgorgement Remedy for Duty of Loyalty Violations

Wrongdoing should not be rewarded. – Although this is considered a core idea of Swiss law’s understanding of justice, the legal system is struggling with the principle’s satisfactory implementation when it comes to wrongfully obtained profits. One would expect the law to provide for suitable legal instruments to disgorge any gains unduly made by wrongdoers, particularly if the wrongdoer is a…