Switzerland: Securities

The disclosure of significant shareholdings in listed companies forms a cornerstone of a transparent Swiss capital market, with participation derivatives also subject to reporting obligations alongside shares. When rolling participation derivatives—replacing expiring options with new ones without crossing a threshold under Art. 120 Para. 1 FinfraG—a critical question arises: does such a transaction trigger a reporting obligation, either due to a "hypothetical" threshold crossing or due to change

For acquisitions of enterprises and M&A transactions (e.g. share or asset deals), the key source of law is the Swiss Code of Obligations (CO). Since the provisions of the CO (e.g. in the sales law)...

Going public may serve several goals: it may help a company gain access to a broader investor base, raise the capital it needs in order to activate its growth potential and strengthen its market position...