Res­ults of IoT Sec­tor In­quiry out: Com­mis­sion con­firms con­cerns, con­siders...
1. In­tro­duc­tion On 20 Janu­ary 2022, the European Com­mis­sion pub­lished its Fi­nal Re­port on the con­sumer In­ter­net of Things (the “IoT”) Sec­tor In­quiry, which it launched in 2020 (see press re­lease...
Swiss Fed­er­al Coun­cil pro­poses new re­port­ing re­quire­ment for cy­ber-at­tacks
On 12 Janu­ary 2022, the Swiss Fed­er­al Coun­cil opened a con­sulta­tion pro­ced­ure on a con­tem­plated amend­ment to the Fed­er­al Act on In­form­a­tion Se­cur­ity of 18 Decem­ber 2020 (ISEA). This Pro­pos­al in­tro­duces...
CMS ad­vised OMNES Edu­ca­tion on the ac­quis­i­tion of the EU Busi­ness School
Zurich | 18 Janu­ary 2022OMNES Edu­ca­tion (a group owned by CIN­VEN funds, "the Group"), the French lead­er in private high­er edu­ca­tion with 12 schools and 32,000 stu­dents to date, con­tin­ues its in­ter­na­tion­al de­vel­op­ment through the ac­quis­i­tion of EU Busi­ness School. Foun­ded in Bel­gi­um in 1973 and today headquartered in Switzer­land, EU Busi­ness School has close to 3,000 stu­dents loc­ated at four cam­puses in the heart of the dy­nam­ic European cit­ies of Bar­celona, Geneva, Montreux and Mu­nich, as well as an on­line cam­pus.The in­teg­ra­tion of this in­ter­na­tion­al man­age­ment school, will en­able the Group to strengthen its po­s­i­tion as a lead­ing European play­er. The ac­quis­i­tion of EU Busi­ness School marks a ma­jor new step that will en­able the Group to in­crease its geo­graph­ic­al foot­print and ex­pand its edu­ca­tion­al of­fer­ing.Alain Raemy and Samuel Fe­lix Gang have ac­ted as leg­al coun­sel to OMNES Edu­ca­tion in this trans­ac­tion.CMS TeamAlain Raemy, Part­ner, Cor­por­ate / M&ASamuel Fe­lix Gang, As­so­ci­ate, Cor­por­ate / M&A
CMS ad­vises share­hold­ers on their sale of Swis­sQ Con­sult­ing AG to Xebia
Xebia, a port­fo­lio com­pany of the private equity firm Wa­ter­land, entered in­to a share pur­chase agree­ment con­cern­ing the ac­quis­i­tion of Swis­sQ.The part­ner­ship with Swis­sQ will ex­tend Xebi­a's geo­graph­ic­al reach in­to Switzer­land, while Swis­sQ will gain off­shore and nearshore cap­ab­il­it­ies. Over­all, the trans­ac­tion will res­ult in ac­cess to a com­bined 4'000 tech­nic­al ex­perts world­wide in the areas of data, AI, cloud, De­vOps, SRE as well as soft­ware de­vel­op­ment for of­fer­ing ser­vices to a joint cus­tom­er base.Foun­ded in 2006, Swis­sQ Con­sult­ing AG is an IT con­sult­ing and train­ing com­pany, which also or­gan­izes renowned tech­no­logy con­fer­ences in Switzer­land. Swis­sQ Con­sult­ing AG em­ploys more than 120 ex­perts at of­fices in Zurich and Bern and of­fers ser­vices to a num­ber of renowned cus­tom­ers.Xebia is a glob­ally lead­ing di­git­al full-ser­vice con­sult­ing en­ter­prise with its head of­fice in the Neth­er­lands. Xebia em­ploys more than 4'000 ex­perts glob­ally.A CMS team led by Dr Daniel Jenny ad­vised the share­hold­ers of Swis­sQ Con­sult­ing AG on all leg­al and tax mat­ters in con­nec­tion with the trans­ac­tion.CMS Switzer­land­Dr Daniel Jenny, Part­ner, Cor­por­ate / M&AM­ark Ca­gi­enard, Part­ner, Tax­Chris­ti­an Gers­bach, Part­ner, Em­ploy­ment­Dr Ferdin­and Blezinger, As­so­ci­ate, Cor­por­ate / M&AFlori­an Jung, As­so­ci­ate, Cor­por­ate / M&AJens Lehmann, As­so­ci­ate, Tax­Tarik Salkim, At­tor­ney Train­eeCMS Am­s­ter­damPi­eter van Duijven­voorde, Part­ner, Cor­por­ate / M&A
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
Ap­point­ment as part­ner | Mar­jolaine Jakob
Zurich | 1 Janu­ary 2022We are de­lighted to an­nounce the elec­tion of Dr Mar­jolaine Jakob to the firm­'s part­ner­ship with ef­fect from 1 Janu­ary 2022.Mar­jolaine Jakob is the head of our in­solv­ency and re­struc­tur­ing team. Her prac­tice fo­cuses on na­tion­al and in­ter­na­tion­al in­solv­ency law and re­lated lit­ig­a­tion. She ad­vises cli­ents in con­nec­tion with in­solv­ency pro­ceed­ings and rep­res­ents their in­terests in re­lated pro­ceed­ings be­fore the com­pet­ent courts and au­thor­it­ies. Mar­jolaine Jakob has broad ex­per­i­ence in ad­vising com­pan­ies in re­struc­tur­ing pro­ceed­ings. Fur­ther, she is a proven spe­cial­ist in in­ter­na­tion­al in­solv­ency law and reg­u­larly ad­vises for­eign in­solv­ency ad­min­is­trat­ors in cross-bor­der in­solv­ency pro­ceed­ings.
The trans­par­ency re­gister in the 4th AML dir­ect­ive in Switzer­land
1. What is the cur­rent leg­al basis of the Trans­par­ency Re­gister? To what ex­tent has the Dir­ect­ive been im­ple­men­ted? Switzer­land is not a mem­ber of the EU. There­fore, the Dir­ect­ive is not (dir­ectly)...
CMS ad­vised Thomas Re­ister on the sale of his ma­jor­ity stake in the emo­drom...
Thomas Re­ister has sold his ma­jor­ity stake in the emo­drom Group to his co-share­hold­ers.The emo­drom Group is in­volved in the mar­ket­ing and stra­tegic de­vel­op­ment of the Hock­en­heim­ring ra­cing cir­cuit in Hock­en­heim, Baden-Württem­berg (Ger­many). The emo­drom Group sup­ports the loc­a­tion of com­pan­ies (in­clud­ing Porsche) on the ra­cing cir­cuit, es­tab­lishes its own mo­bil­ity-re­lated busi­nesses there and oth­er­wise mar­kets the ra­cing cir­cuit for events.Un­der the lead­er­ship of Thomas Re­ister, the emo­drom Group has suc­cess­fully eman­cip­ated the Hock­en­heim­ring from pure ra­cing (formerly For­mula 1) in the last 10 years, des­pite dif­fi­cult start­ing con­di­tions. In­stead of ex­clus­ively ra­cing, the Hock­en­heim­ring now of­fers a wide range of ser­vices and ex­per­i­ences re­lated to mo­bil­ity. A CMS team led by Dr Daniel Jenny provided com­pre­hens­ive leg­al ad­vice to Thomas Re­ister in con­nec­tion with the trans­ac­tion. Team­Dr Daniel Jenny, Part­ner, Cor­por­ate / M&AM­ark Ca­gi­enard, Part­ner, TaxDr Si­mone Brauch­bar Birkhäuser, Coun­sel, In­tel­lec­tu­al Prop­er­ty­Dr Ferdin­and Blezinger, As­so­ci­ate, Cor­por­ate / M&AFlori­an Jung, As­so­ci­ate, Cor­por­ate / M&AT­arik Salkim, Train­ee
What hap­pens now? Nav­ig­at­ing the new COV­ID em­ploy­ment land­scape
Des­pite a suc­cess­ful vac­cine roll-out, the world con­tin­ues to con­tend with new vari­ants of COV­ID-19. As coun­tries scramble to ad­apt to on­go­ing in­fec­tion risks, it is clear that work­ing life isn’t go­ing...
CMS - Where to find us
For a com­pact over­view of all CMS of­fices and con­tact de­tails, please down­load the bro­chure be­low. For more in­form­a­tion on our ser­vices, please refer to the coun­tries pan­el at the top of the page. We...
CMS - Facts & Fig­ures
To have a sneak pre­view on our firm, please view our latest facts & fig­ure bro­chure. If you would like to learn more about our ser­vices in the coun­tries we are loc­ated, please open our coun­tries pan­el...
Min­im­um tax­a­tion of groups and shell en­tit­ies: two new draft dir­ect­ives...
On Decem­ber 22, 2021, the European Com­mis­sion pub­lished two draft dir­ect­ives: the first one is the European ad­apt­a­tion of the mod­el rules pub­lished two days earli­er by the OECD in or­der to guar­an­tee a...