Suchergebnisse für Aktionärbindungsvertrag

Schiedsklauseln in den Statuten von Schweizer Aktiengesellschaften und GmbH

The Swiss legislator clarified that the articles of associations of Swiss companies limited by shares and limited liability companies may include arbitration clauses. This note first discusses issues such as arbitrability, validity and scope of statutory arbitration clauses, i.e., issues arising in the context of arbitration clauses and arbitration agreements alike. It then discusses an issue…

Konzernorganisationsrecht heute

The Swiss law of groups of companies is characterized by a scarcity of statutory rules, judicial pragmatism, and a flexible application of the rules by companies. Unusually, the density of statutory rules in this domain has decreased in recent years. In this article, the author summarizes the current status of the organizational law of groups of companies and takes a closer look at selected…

Protokollierung von GV- und VR-Beschlüssen als Gültigkeitsform

The «new» corporation law provides for some new and overall numerous ways to conduct shareholders’ and board meetings. Irrespective of the way they are conducted there is a duty to minute the meetings. Contrary to the traditional opinion the minutes are a validity requirement. Not minuted shareholders’ and board resolutions are therefore not valid and null and void.

Statutarische Gerichtsstandsklauseln

Jurisdiction clauses are ubiquitous in commercial contracts. They are less common in the articles of association of Swiss corporations. However, our analysis shows that jurisdiction clauses are a helpful and effective in­strument for Swiss corporations, especially in an international context. The effects are especially pronounced under the Lugano Convention, because according to case law of the…

Die Praxis der Übernahmekommission im Jahr 2017

Im Jahr 2017 erliess die Übernahmekommission (UEK) in zehn Verfahren 16 Verfügungen. Von diesen Verfahren betrafen vier öffentliche Übernahmeangebote. Johnson & Johnson unterbreitete zu Beginn des…

Stimmrechtsaktien und andere bevorzugte Aktien

There are many ways to grant privileges to specific categories of shareholders and one can distinguish between financial privileges and privileged voting rights in the general assembly of all shareholders. In future, this is to remain unchanged, and accordingly the November 2016 draft of Swiss Law on corporations does not propose any decisive modifications. With regards to the new rules for…

Übermässige Bindung im Aktionärbindungsvertrag

Die Aktionäre B. (nachfolgend B. oder Beschwerdegegner) und A. (nachfolgend A. oder Beschwerdeführer) gründeten zusammen mit dem inzwischen verstorbenen C. am 10. Januar 1985 die D. AG und schlossen…

Stimmenmehrheit unter Verdacht: Wege und Irrwege im aktienrechtlichen Minderheitenschutz

Recent developments in the area of corporation law ­indicate a dichotomy between calls for more “shareholder democracy” and an increasing suspicion about “shareholders’ majority decisions”. Corporations have to date been governed following the model of “subjection of the minority to the majority”, with the steady approval of the courts. This guiding principle, which is at the core of a…

Vorsorgliche Massnahmen im Zusammenhang mit Generalversammlungen im Lichte der Rechtsprechung

The present article takes a closer look at interim relief in connection with shareholders meetings and illustrates possible provisional measures on the basis of a number of precedents rendered by Swiss courts. In practice, it is often crucial to obtain interim relief in time in order to prevent «faits accomplis» that cannot be undone at a later stage, or only with great difficulty. The authors…

Montesquieu en droit des sociétés anonymes : le principe de la parité constitue-t-il une distribution des pouvoirs bénéfiques ou plutôt un lit de Procuste ?

The current system of distribution of powers is governed by the “parity principle”, which provides that a defined number of powers are vested exclusively with the board of directors. The board is responsible for the accomplishment of these “inalienable” powers, the shareholders may not give any instructions or guidance to the board in this respect. The principle suffers only very few exceptions…