Investment management lawyers report a steady rise in their workload over the past year. New legislation on collective investment schemes has seen a growing number of clients seeking advice on licensing provisions, particularly with regard to the regulation of asset managers. As the Swiss government revises its laws on the financial market lawyers predict that demand for counsel will continue to increase in the coming years. In this chapter we identify the 20 most highly regarded lawyers in the investment management sector.
The sports market has seen a lot of activity in recent times and a number of legislative developments are in the pipeline to bring Swiss law into line with the legislation in other countries. In July 2014 it was reported that the Swiss Parliament was debating changes to the Unfair Competition Act and the Criminal Code that would criminalise corruption in international sports organisations. With a new anti-doping code also on the cards, it is anticipated that our top practitioners will be kept busy in the year ahead. We list 17 “exceptional” lawyers in this chapter.
For the first time, we identify the country’s leading investigations lawyers, who are sought by Switzerland’s major corporations for their expertise in internal and regulatory investigations, and their understanding of the many issues that arise as clients come under ever more scrutiny from the regulators. We also list the leading forensic accountants and digital forensic experts.
Over the past decade, Switzerland’s federal government has proposed various amendments to domestic public procurement law with the aim of modernising the regime, making it clearer and more flexible, and ensuring greater harmony between rules at the federal and cantonal levels. With further revision of federal law expected in the coming years, it is important for practitioners in the field to keep up to date with new developments. Our research highlights 17 leading lawyers.
Switzerland continues to benefit from the relocation of insurance businesses as companies are attracted by its stability, supervisory system, good infrastructure and general tax environment. In this active sector we identify 23 leading legal advisers.
Sports-related PPP in Switzerland has taken off in recent years and projects include the Sportarena Luzern, a project worth 300 million Swiss francs comprising a football arena, sports facilities and other buildings, and a PPP project worth 200 million Swiss francs involving the construction of the stadiums in Bienne, which are expected to be operational in 2015. Further projects relate to transport, energy, water, waste disposal, prisons and healthcare. This chapter lists 10 lawyers.
A select group of practitioners stand out for their expertise in the defence of product-related claims. Who’s Who Legal’s 2015 product liability law firm of the year is Shook Hardy & Bacon, pre-eminent once again in this edition, with four nominees selected.
As the world economy continues to improve there have been no new major insolvencies in the last couple of years. At present there is still work following some of the larger insolvencies of the financial crisis, but practitioners comment that this can only last for so long. Despite this, lawyers are reporting a steady stream of advisory work, particularly in relation to restructuring and pre-insolvency. This is partly a result of the Swiss Insolvency Law, which was introduced in January 2014, and respondents expect to see this trend continue into 2015. In this field, 15 leading insolvency lawyers are recommended.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.