Oriflame: Cross-border asset transfer completed
11 February 2016 – In a cross-border transfer Oriflame Cosmetics Global S.A., Luxembourg has transferred certain assets to Oriflame Cosmetics AG.
In the framework of a group-wide reorganization Oriflame Cosmetics Global S.A., Luxembourg, successfully transferred certain assets, notably intellectual property rights, in a complex cross-border transfer under the Swiss Merger law and equivalent Luxembourg legislation to Oriflame Cosmetics AG, Schaffhausen and thereby increased the share capital of Oriflame Cosmetics AG.
Walder Wyss served as Swiss counsel on this transaction. The Walder Wyss team was led by Urs P. Gnos (Partner, Corporate/M&A) and included Samuel Lieberherr (Associate, Corporate/M&A), Boris Räber (Associate, Corporate/M&A), Simone Wetzstein (Associate, Employment) and Valentin Wiesner (Trainee, Corporate/M&A).