Capital Markets

Overview Equity Capital Markets Debt Capital Markets and Structured Products Enforcement, Stock Exchange Regulations and Securities Laws

We specialise in midcap transactions in the Swiss capital market. We help and advise our clients on all aspects of the issue, listing, custody and clearance of securities and the related stock exchange regulations.

  • We advise corporate clients on the listing of their equity and debt instruments and help our clients list new investment products, with a strong track record in the real estate investment field.
  • In regulatory matters, we advise clients on their ongoing duties as a listed company such as ad hoc publicity, disclosure obligations and other securities law matters. We represent parties in regulatory proceedings before the Swiss regulator and the Swiss courts.
  • A number of our partners are accepted as listing agents on SIX Swiss Exchange and bring our longstanding knowledge and experience to bear on all listing proceedings of the various Swiss exchanges.
  • We are particularly active in advising on the tokenisation of equity, debt, derivatives, participation rights, convertibles (SAFE) or other financial products on the blockchain, including launching of security token offerings (STO) and initial coin (token) offerings (ICO).

 

Equity Capital Markets

Our team has a strong record in advising on every aspect in the equity capital markets, acting for clients listing their equity on either the SIX Swiss Exchange or the Berne Exchange. Our core capabilities include supporting the issuer in listings and IPOs on the Swiss stock exchanges, the issuance of equity linked products, such as convertible bonds, and advising on public takeover offers and share buy-backs. Our team also advises on cross-border equity capital market transactions, be it the support of Swiss issuers in listings on foreign stock exchanges or foreign issuers with capital raisings in Switzerland.

Our capital markets team together with our DLT/Blockchain team has been involved in the first cased of structuring and issuing security tokens with equity character for Swiss issuers.

Debt Capital Markets and Structured Products

We provide advice on the issuance and distribution of specific debt capital market instruments, including advice on bond issuances for small and midcap clients, convertible and asset-backed securities as well as covered bonds. Our lawyers also have extensive experience in the issuance and distribution of structured products for Swiss issuers and sponsors as well as securitisation and repackaging transactions.

In the context of our DLT/Blockchain practice we have been at the forefront of tokenising debt instruments, convertible debt instruments and setting up crypto-based structured products.

Enforcement, Stock Exchange Regulations and Securities Laws

The securities laws have seen large changes with the entering into force of FINMIA, FINSA and FINIA requiring the issuers and financial market intermediaries to revisit their compliance. At the same time the enforcement of stock exchange regulations and securities laws by the Swiss Financial Market Supervisory Authority FINMA has increased over the last years significantly. We can support in all matters relating to securities laws and regulations, such as advising on the compliance of capital market events, share capital increases and tender offers with the relevant stock exchange regulations and securities laws as well as the duties towards shareholders resulting from corporate law. Our team also provides support to clients in corporate governance obligations resulting from being a public company, including the duties regarding executive compensation and subsequent reporting obligations, as well as adherence to obligations for the maintenance of the listing, such as disclosure obligations, publication of management transactions and ad hoc publicity requirements as well as the general market rules relating to insider trading and market abuse.

FRORIEP > What do we do?

What do we do?

We work in a spirit of openness and collaboration to put our best resources at every client’s disposal.

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