A third of all private wealth worldwide and a significant proportion of institutional assets are managed by Swiss banks. Innovative financial products guarantee that Switzerland will be able to maintain its leading position in this market.

Our team has a wealth of unique experience and expertise in advising financial services providers and investors. Our professionals offer financial services firms advice on all legal and tax issues relating to financial products, such as collective investment schemes, hedge funds, special purpose vehicles (SPVs), structured products and other derivatives.

Through their active participation in the relevant industry associations, in particular the Swiss Structured Products Association (SVSP), the European Structured Investment Products Association (eusipa) and the Swiss Funds Association (SFA), our lawyers help develop the law in this area and, through their involvement in projects of the Financial Market Supervisory Authority and the Swiss stock exchanges, contribute to shaping relevant legal developments.


Financial Products
Introduction

A third of all private wealth worldwide and a significant proportion of institutional assets are managed by Swiss banks. Innovative financial products guarantee that Switzerland will be able to maintain its leading position in this market.

Our team has a wealth of unique experience and expertise in advising financial services providers and investors. Our professionals offer financial services firms advice on all legal and tax issues relating to financial products, such as collective investment schemes, hedge funds, special purpose vehicles (SPVs), structured products and other derivatives.

Through their active participation in the relevant industry associations, in particular the Swiss Structured Products Association (SVSP), the European Structured Investment Products Association (eusipa) and the Swiss Funds Association (SFA), our lawyers help develop the law in this area and, through their involvement in projects of the Financial Market Supervisory Authority and the Swiss stock exchanges, contribute to shaping relevant legal developments.

Experts Products & experience

Our key areas of activity are:

  • Drawing up prospectuses and simplified prospectuses for the distribution of structured products
  • Drawing up prospectuses and simplified prospectuses for collective investment schemes, as well as offering documents for hedge funds and special purpose vehicles
  • Drawing up listing documentation for structured products
  • Setting up collective investment companies and special purpose vehicles for the issuance of financial products and advising clients on obtaining regulatory approval
  • Representing issuers before financial market regulators in Switzerland and abroad, including applications for approval for public distribution of collective investment products
  • Representing issuers in connection with applications for admission to trading and quotation of financial products on SIX Swiss Exchange (recognised representative for admissions to SIX Swiss Exchange)
  • Advising on collateralisation of financial products
  • Advising on issues relating to the safekeeping of securities and intermediated (book-entry) securities
  • Advising on documentation of hedges, such as OTC derivatives
  • Providing tax advice in connection with the structuring of financial products and investment vehicles and representing clients before the tax authorities (application for rulings)
  • Representing clients before state courts and arbitral tribunals in connection with disputes relating to financial products
Publications

Bitcoin and the Law: who will rule virtual gold ?

Speakers: Fouad G. Sayegh, Yacine Rezki, Pierre Dériaz, Bertrand Clavien, Ardian Balaj, Aleksander Berentsen and Joan Plancade
LegalChain
Geneva 3 December 2018












Die Finanzierung von Immobilien-Projektentwicklungen durch Anlagestiftungen(Financing of Real Estate Developments by Swiss Investment Foundations)

by André Kuhn
published by Schulthess Juristische Medien AG
Zurich 2018


Fehlregulierung im schweizerischen Offenlegungsrecht? Kritische Beurteilung der melderechtlichen Funktion und Ausgestaltung am Beispiel der Meldepflicht für Derivate(Misregulation in the context of mandatory disclosure of shareholdings under Swiss law? Critical appraisal of the function and legal implementation of mandatory disclosure of shareholdings with a focus on derivatives)

by Christian A. Schmid
in: "Schweizerische Zeitschrift für Gesellschafts- und Kapitalmarktrecht sowie Umstrukturierungen (GesKR)" 2/2018, pp. 194-204



Selbstregulierung im Finanzmarktrecht. Grundlagen, verwaltungsrechtliche Qualifikationen und rechtsstaatlicher Rahmen(Self-regulation in Financial Market Law. Bases, Administrative Qualifications and Framework of Constitutional Legality)

by Pascal Zysset
in: "Schweizer Schriften zum Finanzmarktrecht, Bd. 124" 2017, pp. 1-442 (Dissertation Bern 2017)







Kommentar zum Finanzmarktinfrastrukturgesetz (FinfraG) (Commentary on the Financial Market Infrastructure Act (FMIA))

by Alex Nikitine and Sarah Schulthess
in: Sethe/Favre/Hess/Kramer/Schott (Editor[s]), "Kommentierung zu Art. 137–141 FinfraG (zum Übernahmerecht)"
Zurich 2017, pp. 1888–1935



Verwertung eines AGB-Pfandrechts im Zusammenhang mit dem Madoff-Konkurs (claw back claims)(Enforceability of a pledge in connection with Madoff claw back claims)

by Fabian D. Glässer
in: "ius.focus" 1/2017, p. 5



Practical Law: Structured finance and securitisation in Switzerland: overview

by Lukas Wyss, Johannes A. Bürgi and Maurus Winzap
in: "Practical Law, Multi-jurisdictional Guide, Structured finance and securitisation"
UK 2016 (www.practicallaw.com)


SmartMoney – Data as the New Currency

Speakers: Thomas Müller and Michael Isler
3rd International Money-Tech Event
Zurich 28 June 2016







Kommentar zu Art. 37l und 37m (nachrichtenlose Vermögenswerte) des Schweizerischen Bankengesetzes

by Thomas Müller
in: Bodmer/Kleiner/Lutz (Editor[s]), "Kommentar zum Bundesgesetz über die Banken und Sparkassen vom 8. November 1934"
Zurich/Basel/Geneva 2015








Kommentierung zu Art. 32, 142–144(Commentary on articles 32, 142–144)

by Thomas Müller
co-authored by Patric Brand
in: Bösch/Rayroux/Winzeler/Stupp (Editor[s]), "Basler Kommentar zum Kollektivanlagengesetz"
2. Auflage, Basel 2015









Kommentar zu Art. 990–1032 des schweizerischen Obligationenrechts(Commentary to Art. 990–1032 of the Swiss Code of Obligations)

by Elisabeth Moskric
in: Heinrich Honsell (Editor[s]), "Kurzkommentar Obligationenrecht"
Basel 2014








Basler Kommentar zum Bankengesetz, Einleitung(Commentary to the Federal Banking Act, Introduction)

by Thomas Müller
2. Auflage, Basel 2013






Bankgebühren(Banking Fees)

Speaker: David Vasella
St. Galler Bankrechtstag
Zurich 7 June 2013


Kommentar zu Art. 37a, 37b, 37c, 37h, 37i, 37j und 37k des Bankengesetzes

by Thomas Müller
in: Zobl et al. (Editor[s]), "Kommentar zum Bundesgesetz über die Banken und Sparkassen vom 8. November 1934"
21. Nachlieferung, Zürich/Basel/Genf 2013










Hybride Finanzierungsinstrumente im nationalen und internationalen Steuerrecht der Schweiz(Hybrid Financial Instruments in Domestic and International Tax Law)

by Peter Hongler
Zurich 2012 (Dissertation)



Regulierung der Vermögensverwalter – Status Quo und bevorstehende Neuerungen (Regulation of Asset Managers – Status Quo and Impending Changes)

by Christian Staub
in: "Schweizer Treuhänder" 9/2011, pp. 751 ff.



Aktuelle Regulierungspraxis bei strukturierten Produkten(Recent Practice on the Regulation of Structured Products)

co-authored by Christian Staub and Thomas Müller
in: "Schweizerische Juristen-Zeitung (SJZ)" 4/2011, pp. 73 ff.



Internationalisierungstendenzen im Finanzmarktrecht(Internationalization Tendencies in Financial Market Law)

co-authored by Thomas Müller and Christian Staub
in: "Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht (SZW)" 1/2011, pp. 20 ff.



Die Haftung von Ratingagenturen – Ein Beitrag zur Expertenhaftung(Rating agency liability)

by David Vasella
Zurich 2011


Disclosure of substantial shareholdings in Switzerland

by Enrico Friz
in: "The Euromoney Equity Capital Markets Handbook"
2011



A survey of current regulatory trends – Chapter on Switzerland

by Markus Pfenninger
in: "The International Bar Association's Task Force on the Financial Crisis" October 2010, pp. 117–150


Auf dem Weg zu Basel III(On the Way to Basel III)

by Christian Staub
in: "Schweizer Treuhänder" 2010, pp. 494 ff.





Verantwortlichkeit von Banken(Liability of Banks)

by Roland von Büren
in: "Verantwortlichkeit im Unternehmensrecht V"
Zurich 2010


Investing in Switzerland

Speakers: Martin Busenhart and Marcus Desax
International Taxation Conference
Mumbai 5 December 2009



Swiss Regulation of Investment Funds: Recent Developments

by Thomas Müller
in: "World Securities Law Report" 6/2009 Vol. 15, pp. 24 ss.



Besteuerung kollektiver Kapitalanlagen und ihrer Anleger (2. Teil)(Taxation of collective capital investments and taxation of investors in collective capital investments (Part Two))

co-authored by Maurus Winzap and Stefan Oesterhelt
in: "IFF Forum für Steuerrecht (FStR)" 1/2009


Basler Kommentar zu Art. 32 des Kollektivanlagegesetzes (KAG)(Commentary to Art. 32 of the Collective Investment Schemes Act, CISA)

co-authored by Thomas Müller and Markus Pfenninger
Basel 2009


Besteuerung kollektiver Kapitalanlagen und ihrer Anleger (3. Teil)(Taxation of collective capital investments and taxation of investors in collective capital investments (Part Three))

co-authored by Maurus Winzap and Stefan Oesterhelt
in: "IFF Forum für Steuerrecht (FStR)" 2/2009


Legal Opinion bei Kapitalmarkttransaktionen(Legal Opinion in Capital Market Transactions)

co-authored by Markus Pfenninger
in: "Kapitalmarkttransaktionen IV"
Zurich 2009


Kommentar zu Art. 68, 69, 152–157, 159 Kollektivanlagegesetz (KAG)(Commentary to Art. 68, 69, 152–157, 159 of the Swiss Collective Investment Schemes Act)

by Lukas Wyss
in: "Basler Kommentare"
Basel/Geneva/Munich 2009




Kommentar zu Art. 2, 6, 20, 21–23 Kollektivanlagegesetz (KAG)(Commentary to Art. 2, 6, 20, 21–23 of the Swiss Collective Investment Schemes Act)

by Markus Pfenninger
Basel/Geneva/Munich 2009


Besteuerung kollektiver Kapitalanlagen und ihrer Anleger (1. Teil)(Taxation of collective capital investments and taxation of investors in incollective capital investments (Part One))

co-authored by Maurus Winzap and Stefan Oesterhelt
in: "IFF Forum für Steuerrecht (FStR)" 4/2008


Recent developments in Swiss laws and ECM regulations

by Enrico Friz
in: "The Euromoney Equity Capital Markets Handbook"
2008, pp. 75–80






Privatautonomie und Vertragsschluss(Party Autonomy and Conclusion of the Contract)

by Antonio Carbonara
in: "Vertrauen – Vertrag – Verantwortung, Festschrift für Hans Caspar von der Crone zum 50. Geburtstag, Zürich 2007"
Zurich 2007, pp. 85–105





Gage d'actions(The pledge of registered shares)

by Nicolas Iynedjian
in: Centre du droit de l'entreprise (CEDIDAC) (Editor[s]), "Aspects actuels du droit de la société anonyme"
64, Lausanne 2005










Credit Derivatives – New Regulatory Framework in Switzerland

co-authored by Johannes A. Bürgi
in: "ISR Law Guide"
London 2003


Securitisation in Switzerland

co-authored by Johannes A. Bürgi, Markus Kroll and Evan Spangler
in: "Euromoney Yearbooks: Global Securitisation Review" 2003




Kommentar zu Art. 11–13 Anlagefondsgesetz (AFG)(Commentary to Art. 11–13 of the Swiss Investment Fund Act)

by Markus Pfenninger
in: "Kommentar zum schweizerischen Kapitalmarktrecht"
Basel/Geneva/Munich 1999


Bank Confidentiality in Switzerland

co-authored by Markus Pfenninger
in: "Butterworths Journal of International Banking and Financial Law" January 1998


Sûretés et garanties bancaires(Securities and bankguarantees)

by Nicolas Iynedjian
33, Lausanne 1997



Ausländische Fonds und das AFG(Foreign funds pursuant to the new Swiss Investment Fund Act)

co-authored by Markus Pfenninger
in: "Invest, Finanz und Wirtschaft, Spezialausgabe: Magazin der Finanz und Wirtschaft" 1995


Chancen und Risiken der Übrigen Fonds – Eine Plattform für Innovationen mit Entwicklungspotential(Chances and risks of selected funds pursuant to the new Swiss Investment Fund Act)

co-authored by Markus Pfenninger
in: "Neue Zürcher Zeitung (NZZ)" 25/1995


Business Law Guide to Switzerland

by Marcus Desax
Wiesbaden 1991