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Portrait of Stefan Brunnschweiler

Stefan Brunnschweiler, LL.M.

Managing Partner
Global Co-Head of the CMS Corporate/M&A Group

CMS von Erlach Partners Ltd
Dreikönigstrasse 7
P.O. Box
8022 Zurich
Languages German, English, French, Italian

Stefan Brunnschweiler is the managing partner of CMS Switzerland and co-heads the CMS Corporate/M&A Practice Area Group.

He was named one of the top 10 lawyers in Switzerland in the edition of “Who is Who” by Bilanz.

Stefan Brunnschweiler specialises in international and domestic M&A transactions, venture capital, corporate restructurings, corporate law and general contract matters (e.g. joint ventures, partnerships and shareholders' agreements).

He is experienced in a broad range of national and international transactions, both sell- and buy-side (including corporate auction processes) as well as the assistance of clients in their ongoing corporate and commercial activities. Stefan Brunnschweiler has engaged in competition law, including merger control filings for more than 10 years.

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Stefan Brunnschweiler "Provides pragmatic and to-the-point legal advice" and has a "strong understanding of the commercial aspects in a transaction."

Chambers Global Guide, Switzerland, Corporate/M&A 2021

Stefan Brunnschweiler is pragmatic and solution-oriented.

The Legal 500, Commercial, Corporate and M&A, Switzerland, 2020

Stefan Brunnschweiler is "flexible to the clients' needs."

Chambers Global Guide, Switzerland, Corporate/M&A 2019

"Gives a sense of calm and having things under control."

Chambers Global Guide, Switzerland, Corporate/M&A 2019

"Understands the clients' needs and his approach to problems is very pragmatic and practical."

Chambers Global Guide, Switzerland, Corporate/M&A 2018

"Very good management of transactions and good communication."

Chambers Global Guide, Switzerland, Corporate/M&A 2018

"He is willing to take a pragmatic stance."

Chambers Europe Guide, Switzerland, Corporate 2017

"He was a pleasure to work with: very pragmatic, co-operative and results-oriented."

Chambers Europe Guide, Switzerland, Corporate 2016

"Stefan Brunnschweiler provides legal services of the highest quality. He is very responsive and hands-on, he is very quick in understanding the client's needs and very focused on achieving the maximum for his client without losing sight of the overall situation. He has in-depth knowledge of the different sectors of laws as well as the economic backgrounds of the matters he is advising on. He is very structured and efficient in his work and a very good partner to negotiate and communicate with."

Client feedback – IFLR1000, Financial and corporate 2016

"Stefan Brunnschweiler was helpful, was very committed, very flexible in adjusting his schedule to our needs. His service was fully satisfactory for me."

Client Feedback 2014

"Stefan Brunnschweiler […] is a proactive person and therefore also well respected for transactions here in Switzerland, and I think that has added to the decision to use CMS in that particular case again."

Client Feedback 2014

Relevant experience

  • ABB: on the acquisition of all shares in Cassantec Ltd, a software company operating out of Zurich and Berlin.
  • ABB: on the sale of its hydro generator service business to Andritz and on the acquisition of KEYMILE's communication networks business.
  • agta record: on the sale of the majority stake in agta record to the Swedish group Assa Abloy (valuing agta record's share capital at EUR 933m).
  • Alstom: on the sale of parts of its gas turbine business to Ansaldo Energia.
  • Argos: on the acquisition of Arthur Flury AG.
  • Aurelius: on the acquisition of the trade operations of the listed Swiss Valora Group and of Publicitas, an international advertising marketing agency from the listed Switzerland-based PubliGroupe, and on the sale of the Swiss ICT service providers connectis AG and Softix AG to the French SPIE Groupe.
  • Bucher-Motorex-Group: on the acquisition of Circle K in Poland (previously Statoil Fuel & Retail).
  • Bruker: on the acquisition of PMOD Technologies LLC, a provider of research-use-only software for preclinical and molecular imaging.
  • CCC Group: on the acquisition of the majority stake in Karl Vögele AG, Uznach.
  • Colibrys SA: on the sale of Colibrys SA in a multi-seller transaction.
  • Comdat Xeroprint AG: on the acquisition of the Smartec Group.
  • CTS EVENTIM: on all legal aspects of the acquisition of the majority stakes in Gadget Entertainment and wepromote.
  • Deutsche Beteiligungs AG: on the acquisition of the Romaco businesses owned by Robbins & Myers, Inc.
  • Dover: on its USD 285m acquisition of the Swiss Maag Group and on its sale of Bowl Chopper Product Line by Tipper Tie Alpina GmbH.
  • DP World: on the acquisition of a 44% stake in swissterminal Holding AG.
  • EMS-Group: on the sale of its wholly owned subsidiary EMS-PATVAG (s.r.o.), a specialist in the development and production of pyrotechnic igniters for passive safety devices headquartered in the Czech Republic, to Hirtenberger Holding GmbH which is based in Austria.
  • FLACHGLAS Wernberg GmbH: on its acquisition of companies of the Pilkington Group.
  • FlexLink: on the acquisition of SSS-Fördertechnik.
  • Gemalto: on its acquisition of the secure document business from Trueb AG.
  • GIA Informatik AG: on the acquisition of Avectris AG.
  • Grapha-Holding AG: on the acquisition of all shares in POLYDATA/PIDAS Group in Germany, Austria and Switzerland.
  • Heraeus: on the acquisition of the Swiss precious metals processor Argor-Heraeus.
  • LCP Europe Limited: on the sale of LCP Libera AG to Paros Capital AG.
  • Merbag: on the acquisition of Mercedes-Benz Milano from Mercedes-Benz Italia (Daimler Group), on the acquisition of Mercedes-Benz Luxembourg S.A. from Daimler AG, on the acquisition of the Austrian Wiesenthal Handel und Service GmbH as well as on the sale of locations in central Switzerland.
  • Nikkiso America, Inc.: on the acquisition of Cryogenics Industries for USD 483m.
  • RUAG: on the sale of RUAG Environment to Thommen Group AG.
  • Schaeffler Switzerland: on the sale of its fine-blanking business.
  • Schibsted: on the sale of its 50% stake in Swiss Classified Media AG (internet platforms tutti.ch and car4you.ch) to Tamedia AG.
  • Syncona: on CHF 35 million investment in Anaveon AG, a new immuno-oncology company.
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Memberships & Roles

  • Zurich Bar Association
  • Swiss Bar Association
  • Swiss Private Equity & Corporate Finance Association
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  • 2003 – Master of Law (LL.M.), University of San Diego (USA)
  • 2000 – Bar Admission, Zurich (Switzerland)
  • 1997 – University of Zurich and Geneva (Switzerland)
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Leg­al guide for com­pany dir­ect­ors and CEOs in Switzer­land
Dir­ect­ors du­ties and re­spons­ib­il­it­ies 1. What form does the board of dir­ect­ors take? In Switzer­land, com­pan­ies have a single board of dir­ect­ors (“Ver­wal­tung­s­rat”). Many com­pan­ies how­ever use the...
CMS ad­vised the share­hold­ers of AL­PORA AG on the sale of a ma­jor­ity stake...
Zurich, Septem­ber 2021 | A team of CMS Switzer­land un­der the lead of Stefan Brunnsch­weiler provided com­pre­hens­ive ad­vice to the share­hold­ers of AL­PORA AG on all leg­al as­pects re­gard­ing the sale of a ma­jor­ity stake to Ger­man-based Ser­afin As­set Man­age­ment. Duff & Phelps, A Kroll Busi­ness, served as the ex­clus­ive fin­an­cial ad­visor to the share­hold­ers of AL­PORA AG in con­nec­tion with the trans­ac­tion. AL­PORA AG, which was foun­ded in 2013, is act­ive in the sale of in­nov­a­tion ana­lys­is-based in­vest­ment mod­els to as­set man­agers in Switzer­land, Ger­many and the UK. Based on these in­vest­ment mod­els, cli­ents set up equity funds that have his­tor­ic­ally been able to gen­er­ate a risk-ad­jus­ted ex­cess re­turn on equity in­vest­ments. The Ser­afin Group in­tends to enter a new seg­ment with Ser­afin As­set Man­age­ment and es­tab­lish a di­git­al as­set man­age­ment busi­ness. It is en­vis­aged to enter the mar­ket with ser­vices for third-party cus­tom­ers in the second quarter of 2022 after ob­tain­ing the BaFin li­cense. In ad­di­tion to de­vel­op­ing and selling its own in­vest­ment solu­tions, the aim is to grow by ac­quir­ing spe­cial­ized as­set man­agers. The ac­quis­i­tion of a ma­jor­ity stake in the Swiss-based AL­PORA AG is the first step in this dir­ec­tion. The parties have agreed not to dis­close the pur­chase price of the trans­ac­tion. Stefan Brunnsch­weiler, Lead, Man­aging Part­ner, Glob­al Co-Head of the CMS Cor­por­ate/M&A GroupSamuel Fe­lix Gang, As­so­ci­ate, Cor­por­ate/M&AFlori­an Jung, As­so­ci­ate, Cor­por­ate/M&APas­cal Stock­er, As­so­ci­ate, Cor­por­ate/M&AAndrea Relly, Seni­or As­so­ci­ate, Cor­por­ate/M&AM­ark Ca­gi­enard, Part­ner, Tax­Chris­ti­an Gers­bach, Part­ner, Em­ploy­ment­Dr Mat­thi­as Kuert, Seni­or As­so­ci­ate, Cap­it­al Mar­ket­sTarik Salkim, Train­ee, Cor­por­ate/M&A
CMS M&A European Out­look 2022: Road to re­cov­ery
Septem­ber 2021 We are pleased to provide you with this year’s edi­tion of the “European M&A Out­look”, pub­lished in co-op­er­a­tion with Mer­ger­mar­ket
Spot­light on ap­proaches for com­pre­hens­ive com­pli­ance: New ob­lig­a­tions for...
Be­cause of the trend to­wards a stronger aware­ness of "cor­por­ate so­cial re­spons­ib­il­ity", com­pan­ies both in Switzer­land and abroad are con­fron­ted with grow­ing de­mands for re­spons­ible cor­por­ate gov­ernance...
Spot­light on ap­proaches for com­pre­hens­ive com­pli­ance: New ob­lig­a­tions for...
Be­cause of the trend to­wards a stronger aware­ness of "cor­por­ate so­cial re­spons­ib­il­ity", com­pan­ies both in Switzer­land and abroad are con­fron­ted with grow­ing de­mands for re­spons­ible cor­por­ate gov­ernance.The most re­cent ex­ample of leg­al de­vel­op­ments in this area is the in­dir­ect counter-pro­pos­al to the fed­er­al pop­u­lar ini­ti­at­ive "the Re­spons­ible Busi­ness Ini­ti­at­ive – Pro­tect­ing hu­man rights and the en­vir­on­ment" ("Konzern­ver­ant­wor­tungsin­i­ti­at­ive"). With the ex­piry of the ref­er­en­dum dead­line on 5 Au­gust 2021, new due di­li­gence and re­port­ing reg­u­la­tions on non-fin­an­cial mat­ters as well as in areas of con­flict min­er­als and child la­bour are ex­pec­ted to come in­to force in Switzer­land on 1 Janu­ary 2022. In re­cent years, the Gov­ernance, Risk and Com­pli­ance (GRC) ap­proach has been an ef­fi­cient tool for com­pan­ies with com­plex cor­por­ate struc­tures to meet ex­pand­ing reg­u­lat­ory re­quire­ments. By means of a com­pre­hens­ive ap­proach, the areas of Gov­ernance, Risk and Com­pli­ance have been merged and com­pan­ies are well ad­vised to ex­am­ine their com­pli­ance struc­tures crit­ic­ally and, if ne­ces­sary, ad­apt them to the latest de­vel­op­ments. New re­quire­ments un­der the Swiss Code of Ob­lig­a­tions Fol­low­ing the 29 Novem­ber 2020 re­jec­tion of the pop­u­lar ini­ti­at­ive "For re­spons­ible com­pan­ies - to pro­tect people and the en­vir­on­ment" ("Cor­por­ate Re­spons­ib­il­ity Ini­ti­at­ive" or "Konzern­ver­ant­wor­tungsin­i­ti­at­ive"), the Swiss par­lia­ment ad­op­ted the in­dir­ect counter-pro­pos­al. After ex­piry of the ref­er­en­dum peri­od, the new pro­vi­sions are ex­pec­ted to enter in­to force on 1 Janu­ary 2022. The counter-pro­pos­al provides for a gen­er­al re­port­ing ob­lig­a­tion as well as top­ic-spe­cif­ic due di­li­gence ob­lig­a­tions and trans­par­ency in con­nec­tion with con­flict min­er­als and child la­bour (see para­graph ii be­low for a defin­i­tion of each). The new re­port­ing ob­lig­a­tion will likely ap­ply to com­pan­ies first in the 2023 fin­an­cial year.The leg­al pro­vi­sions in the Swiss Code of Ob­lig­a­tions for bet­ter pro­tec­tion of people and the en­vir­on­ment, which par­lia­ment ad­op­ted as a counter-pro­pos­al to the Cor­por­ate Re­spons­ib­il­ity Ini­ti­at­ive, provide for two in­nov­a­tions: (i) re­port­ing ob­lig­a­tions on non-fin­an­cial mat­ters (Art. 964bis et se­qq. CO); and (ii) due di­li­gence and re­port­ing ob­lig­a­tions in the areas of con­flict min­er­als and child la­bour (Art. 964quin­quies et se­qq. CO).The vi­ol­a­tion of these ob­lig­a­tions is pun­ish­able by fines of up to CHF 100,000. Un­like the ori­gin­al pop­u­lar ini­ti­at­ive, the new pro­vi­sions do not con­tain any fur­ther li­ab­il­ity rules. Any fur­ther li­ab­il­ity claims might be gov­erned by gen­er­al ex­ist­ing leg­al pro­vi­sions.(i) Re­port­ing re­quire­ments on non-fin­an­cial mat­tersIn or­der to in­crease trans­par­ency, com­pan­ies are now leg­ally ob­liged to re­port on the risks of their busi­ness activ­it­ies in the areas of the en­vir­on­ment (es­pe­cially re­gard­ing CO2 emis­sions stand­ards), so­cial is­sues, la­bour is­sues, hu­man rights and anti-cor­rup­tion. They must also re­port the meas­ures they are tak­ing against these risks. If a re­port­ing com­pany does not fol­low the re­quire­ments for these non-fin­an­cial is­sues, the re­port must con­tain a trans­par­ent and foun­ded ex­plan­a­tion (i.e. the com­pany must "com­ply or ex­plain"). In these cases, the le­gis­lat­or as­sumes that in­vestors and con­sumers will judge a com­pany's cred­ib­il­ity for them­selves and turn away from un­trust­worthy firms.In or­der to be sub­ject to this re­port­ing ob­lig­a­tion, a com­pany must be a "pub­lic in­terest en­tity". This in­cludes, in par­tic­u­lar, pub­lic com­pan­ies, banks and in­sur­ance com­pan­ies as well as oth­er su­per­vised com­pan­ies of the fin­an­cial sec­tor, which, to­geth­er with any do­mest­ic or for­eign com­pan­ies con­trolled by them, have an an­nu­al av­er­age of at least 500 full-time em­ploy­ees and a bal­ance sheet total of at least CHF 20 mil­lion or a turnover of at least CHF 40 mil­lion in two con­sec­ut­ive years.(ii) Due di­li­gence and re­port­ing ob­lig­a­tions in the areas of con­flict min­er­als and child la­bour­All com­pan­ies with risks in their sup­ply chains in the sens­it­ive areas of child la­bour and con­flict min­er­als must now com­ply with spe­cial and far-reach­ing due di­li­gence ob­lig­a­tions, re­gard­less of their size. Con­flict min­er­als in­clude min­er­als or metals that con­tain tin, tan­talum, tung­sten or gold and ori­gin­ate from con­flict or high-risk areas. In ad­di­tion to "failed states", such areas in­clude in par­tic­u­lar re­gions in which armed con­flicts pre­vail or a fra­gile situ­ation ex­ists after such a con­flict. In this con­text, the Swiss le­gis­lat­or is also fol­low­ing EU re­com­mend­a­tions. In the case of child la­bour, a reas­on­able sus­pi­cion that products or ser­vices that are be­ing offered have been pro­duced us­ing child la­bour is suf­fi­cient for the ex­ist­ence of such du­ties of care.The new due di­li­gence reg­u­la­tions in Swiss law are largely based on ex­ist­ing EU reg­u­la­tions. The im­ple­ment­a­tion pro­vi­sions are reg­u­lated in the Or­din­ance on Due Di­li­gence and Trans­par­ency for Min­er­als and Metals from Con­flict Areas and Child La­bour. The Fed­er­al Coun­cil has already pre­pared an ini­tial draft of this or­din­ance, which was sub­ject to con­sulta­tion in Ju­ly 2021. The due di­li­gence ob­lig­a­tion in­cludes, among oth­er things, the ob­lig­a­tion to in­tro­duce a rel­ev­ant man­age­ment sys­tem and a risk man­age­ment plan. In the area of min­er­als and metals, com­pli­ance with the due di­li­gence ob­lig­a­tion will also be audited by an ex­tern­al ex­pert.The Or­din­ance also provides ex­emp­tions for due di­li­gence and re­port­ing ob­lig­a­tions. Re­gard­ing con­flict min­er­als, the reg­u­la­tion de­term­ines the an­nu­al im­port and pro­cessing quant­it­ies for min­er­als and metals up to which a com­pany is ex­empt from the ob­lig­a­tions. In the area of child la­bour, the reg­u­la­tion provides ex­emp­tions for small and me­di­um-sized en­ter­prises (SMEs) and for com­pan­ies with low risks in this area. The start­ing point for the risk as­sess­ment is the coun­try of pro­duc­tion ac­cord­ing to the in­dic­a­tion of ori­gin (i.e. the "made in" des­ig­na­tion). The UNICEF Chil­dren's Rights in the Work­place In­dex can be con­sul­ted for this as­sess­ment. In ad­di­tion, com­pan­ies that already com­ply with in­ter­na­tion­ally re­cog­nised equi­val­ent reg­u­la­tions are ex­empt from the ob­lig­a­tions. GRC ap­proach as an in­dustry stand­ard? Dy­nam­ic changes in the reg­u­lat­ory and eco­nom­ic en­vir­on­ment present glob­al com­pan­ies with the unique chal­lenge of de­vel­op­ing and im­ple­ment­ing a hol­ist­ic ap­proach to cor­por­ate gov­ernance from a mul­ti­tude of man­dat­ory and non-man­dat­ory reg­u­la­tions, cre­at­ing ex­tern­al and in­tern­al policies for stake­hold­ers, and tak­ing in­to ac­count com­pany-spe­cif­ic op­por­tun­it­ies and risks. In re­sponse to this ini­tial situ­ation, the GRC ap­proach has be­come for many com­pan­ies a co­ordin­ated, in­teg­rated and hol­ist­ic com­pli­ance and risk man­age­ment mod­el. The ac­ronym "GRC" stands for Gov­ernance, Risk and Com­pli­ance, which en­com­passes the three most im­port­ant areas of ac­tion for re­spons­ible and in­teg­rity-based cor­por­ate gov­ernance, which are already closely linked by their nature. The goal of the GRC ap­proach is to in­tel­li­gently link these three areas. The aim is to cre­ate trans­par­ency and se­cur­ity for in­tern­al and ex­tern­al risks in or­der to pre­vent neg­at­ive eco­nom­ic, leg­al and even crim­in­al con­sequences for the com­pany and its repu­ta­tion. Even if a com­pany already pos­sesses well-de­veloped con­trol and man­age­ment sys­tems, the ex­ist­ing syn­er­gies are of­ten not con­nec­ted in a mean­ing­ful way. With the in­tro­duc­tion of a GRC sys­tem in the com­pany's busi­ness pro­cess, the in­tern­al func­tions of risk man­age­ment, in­tern­al con­trol, com­pli­ance and in­tern­al audit can ef­fi­ciently use syn­er­gies. In this way, re­dund­an­cies in the pro­cesses can be avoided, which usu­ally leads to a sav­ing of costs and staff ca­pa­cit­ies. At the same time, the uni­form ap­proach means that re­spons­ib­il­it­ies can be clearly as­signed with­in the com­pany and dif­fer­ent as­sess­ments of identic­al facts and risks by dif­fer­ent de­part­ments can be avoided. This goes hand in hand with the cre­ation of trust among in­tern­al and ex­tern­al ad­dress­ees. A GRC sys­tem that is well ad­ap­ted to the in­di­vidu­al re­quire­ments of a com­pany im­proves risk iden­ti­fic­a­tion and con­trol. This en­ables the man­age­ment of a com­pany to make stra­tegic de­cisions and take op­er­at­ive meas­ures on the basis of clear­er in­form­a­tion. Risks are re­cog­nised earli­er and man­aged more ef­fi­ciently.An in­dustry stand­ard for the in­ter­ac­tion of sub­sys­tems with­in the gov­ernance struc­ture, which is well-known in the fin­an­cial in­dustry, is the in­ter­na­tion­ally re­cog­nised mod­el of the "three lines of de­fence". It is based on the prin­ciple that the re­spons­ib­il­ity for risk lies primar­ily with the ac­count­able per­son. The mod­el was re­cently re­vised by the In­sti­tute of In­tern­al Aud­it­ors (IIA) and places pro­act­ive risk man­age­ment at the centre of a com­pany's gen­er­al gov­ernance. The first line rep­res­ents op­er­a­tion­al man­age­ment, which is sup­por­ted and mon­itored by a second line (i.e. the com­pli­ance and leg­al de­part­ments). The third line is the in­tern­al audit de­part­ment. The up­dated ver­sion of the IIA bet­ter re­flects the fact that in risk-based de­cision-mak­ing, seiz­ing op­por­tun­it­ies for the com­pany can be as im­port­ant as pro­tect­ing com­pany val­ues.No stand­ard mod­el fits every com­pany. The design of a GRC sys­tem must be ad­ap­ted to the spe­cif­ic risk pro­file of a com­pany, which is de­term­ined by nu­mer­ous in­tern­al and ex­tern­al factors. As a first step, it is ne­ces­sary to as­sess the ex­ist­ing struc­tures, busi­ness mod­el and cur­rent and fu­ture activ­it­ies of the com­pany, as well as the eco­nom­ic and leg­al en­vir­on­ment in which the com­pany op­er­ates. As a second step, this risk as­sess­ment leads to the design of a GRC sys­tem that is ad­ap­ted to the com­pany's spe­cif­ic risks and struc­ture. Fur­ther in­form­a­tion Our com­pli­ance spe­cial­ists at CMS Switzer­land have ex­tens­ive ex­per­i­ence when it comes to ad­vising com­pan­ies on in­tro­du­cing, im­ple­ment­ing and over­see­ing com­pli­ance man­age­ment sys­tems for large cor­por­a­tions and SMEs. We are also able to draw upon the ex­per­i­ence of our CMS col­leagues in oth­er jur­is­dic­tions where com­par­able stat­utory re­quire­ments ex­ist.The con­cise present­a­tion be­low con­tains an over­view of the most im­port­ant an­ti­cip­ated changes that com­pan­ies in Switzer­land will need to pre­pare for, along with re­com­mend­a­tions on how the top­ic of com­pli­ance should be ap­proached.
CMS ad­vised HEB on the di­vest­ment of its stake in SIX lis­ted Cicor to One...
Zurich, 19 Ju­ly 2021 | HEB Swiss In­vest­ment AG, a Zurich-based hold­ing com­pany owned by a Ger­man private in­vestor, has entered in­to an agree­ment to sell its ma­jor stake (29.3 %) in lis­ted Cicor Tech­no­lo­gies...
CMS ad­vised CCC Group on the sale of Vögele Shoes
A team of CMS Zurich led by Stefan Brunnsch­weiler ad­vised CCC Group on all leg­al as­pects of the sale of Vögele Shoes - a tra­di­tion­al brand in the Swiss shoe trade that is cel­eb­rat­ing its 100th an­niversary...
CMS ad­vised Nahrin on the ac­quis­i­tion of Swis­s­care SRL
Zurich – A team of CMS Switzer­land and CMS Italy led by Stefan Brunnsch­weiler ad­vised Nahrin on all leg­al as­pects of the ac­quis­i­tion of the in Italy based Swis­s­care SRL from Alcedo IV and the two found­ing...
CMS Switzer­land ranked by The Leg­al 500
Rank­ings of CMS Switzer­land in The Leg­al 500 EMEA 2021 edi­tion CMS Switzer­land is re­com­men­ded in 18 cat­egor­ies in this year's Europe, Middle East and Africa edi­tion of The Leg­al 500, pub­lished in April...
CMS European M&A Study 2021
The CMS Cor­por­ate/M&A Group is pleased to launch the thir­teenth edi­tion of the European M&A Study
CMS European M&A Study 2021: Europe pivots to be­come more ‘buy­er-friendly’...
Europe has re­turned to a ‘buy­er-friendly’ en­vir­on­ment, after the COV­ID-19 pan­dem­ic cre­ated more risk-averse at­ti­tudes. As a res­ult, CMS’ latest an­nu­al M&A study iden­ti­fied sig­ni­fic­ant in­crease in...
CMS Switzer­land ranked in Cham­bers and Part­ners Europe Guide 2021
We are de­lighted to an­nounce that 13 of our law­yers across 9 prac­tice areas are re­com­men­ded in the Cham­bers and Part­ners Europe Guide 2021. The fol­low­ing law­yers from our of­fices in Zurich and Geneva...