Welcome to takeoverpractice.ch

takeoverpractice.ch offers swift access to the Swiss legal provisions and actual case law on public takeovers.

takeoverpractice.ch analyses all published decisions of the Takeover Board and of the appellate bodies, i.e. the Financial Market Supervisory Authority and the Federal Administrative Court, rendered since 1 January 2009. It continuously annotates the relevant legal provisions in a case law commentary with concise decision abstracts (in German) of the relevant case law.

Useful integrated supporting functions, such as links to all referenced text quotations and decisions in their original language, access to all relevant regulations (in German, French and English), including integrated cross-references, as well as a comprehensive full-text and decision search function, turn takeoverpractice.ch into a dynamic and continuously updated know-how tool to the Swiss takeover law.

Case Law Commentary
Financial Market Infrastructure Act, FMIA

Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

Financial Market Infrastructure Ordinance, FMIO

Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

FINMA Financial Market Infrastructure Ordinance, FMIO-FINMA

Ordinance of the Swiss Financial Market Supervisory Authority on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

Takeover Ordinance, TOO

Ordinance of the Takeover Board on Public Takeover Offers

TOB Circulars
TOB Circular No. 1: Buyback programmes TOB Circular No. 2: Liquidity in the context of takeover law TOB Circular No. 3: Review of public takeover offers TOB Circular No. 5: Restructuring exemption / restructuring plan of the target company