M&A activity remained moderate during 2013 with the majority of transactions focusing on industry and the financial ser vices. Looking forward, deal activity is expected to rise due to increased investor confidence as the economy improves. We identify 23 superb M&A practitioners in this chapter.
2013 saw a slight shift away from the restructuring and mass dismissal work which has kept employment lawyers busy since the financial crisis with practitioners repor ting a significant rise in the number of cases filed by employees. As new legislation is introduced regarding bonus and severance payments to regulate top management salaries, it is clear that, while the nature of the work is changing, activity levels are not. In this chapter we feature 27 leading exper ts in the field of management-side labour and employment law.
Life sciences and patent law continue to develop hand-in-hand in Switzerland, with the majority of lawyers listed here highly experienced in patent litigation and regulatory work. The new Swiss Federal Patent Court began hearing cases in January 2012 and patent litigation continues to be an active area. A recent KPMG study comparing the six European companies investing the most in life sciences research placed Switzerland at the top in terms of the number of life sciences companies per capita. This continued emphasis on the life sciences industry means the legal field is likely to remain active over the coming years. In this edition we list 26 lawyers specialising in the sector.
The revision of the Swiss Federal Act on Collective Investment Schemes prompted a busy year for lawyers in Switzerland as they guided the investment management industry through the new regulatory environment. The compulsory requirement for asset managers of foreign schemes to obtain a licence from the Swiss Financial Market Supervisor y Authority has generated a tremendous amount of legal work. We feature 18 lawyers who are highly recommended for their work in this area.
The insurance industry is one of the Swiss economy’s strongest sectors in terms of growth and with over 60,000 employed in the field, Switzerland has one of the biggest insurance markets globally. Insurance lawyers are therefore in high demand, and face challenges amid the continuing trend towards stricter regulation in the area. The year ahead also looks set to be par ticularly busy, as clients seek counsel on the impact of the Insurance Contracts Amendment Bill, which was passed in June 2013. Our research identifies 23 marketleading individuals in the field.
With the improved economy there have been no major insolvencies over the past year, although ongoing insolvencies, such as Lehman Brothers, continue to provide work. Lawyers have reported seeing a lot of advisory work, especially in relation to restructuring and pre-insolvency, and the volume of this is expected to increase with the new amendments to the Swiss Insolvency Law coming into force in January 2014. In this chapter we point out 13 highly regarded insolvency and restructuring practitioners.
Switzerland’s franchise market is relatively small and this is reflected in the legal market. However, 2013 saw the expansion of several new franchises into the country, such as the F&F clothes brand owned by Tesco. In this chapter we select the seven most highly regarded practitioners in the country.
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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.