Swiss Merger Act definition

Swiss Merger Act means the Swiss Federal Act on Merger, Demerger, Transformation and Transfer of Assets of October 3, 2003 (SR 221.301);
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Examples of Swiss Merger Act in a sentence

  • Joint and several liabilityIn June 2015, the Personal & Corporate Banking and Wealth Management businesses booked in Switzerland were transferred from UBS AG to UBS Switzerland AG through an asset transfer in accordance with the Swiss Merger Act.

  • Under the Swiss Merger Act, UBS AG is jointly liable for obligations existing on the asset transfer date that have been transferred to UBS Switzerland AG.

  • As in TAGWL cooperation is possible only ifthe TA exhibits a i ≥ 0.75 and this is common knowledge, we expect to observe less teamscooperating in TAGWL treatment relative to the VCMWL treatment.

  • Under Swiss law, as a matter of principle, there is no general statutory provision providing for the right or the obligation of a majority shareholder to acquire the remaining outstanding shares.Only in two specific circumstances, the Swiss law provides for an exceptional “squeeze-out” right of the majority shareholder, namely in connection with a merger or in connection with a tender offer:Where a Swiss company such as ABB is involved in a merger transaction, the provisions of the Swiss Merger Act apply.

  • A new linear mass–luminosity relation‌The MLR plays a fundamental role in binary star astronomy since it allows the computation of dynamical parallaxes and indi- vidual masses for MS binary systems.

  • In statutory regulated transaction forms under the Swiss Merger Act such as in case of statutory transfers of assets and liabilities, statutory mergers and statutory de-mergers, creditors are protected by certain mandatory provisions of law and employees must be informed prior to completion or, in case of a statutorymerger or statutory de-merger prior to the shareholders’ approval.

  • The notification procedure may apply in a transfer of all or part of the business assets under the Swiss Merger Act, and provided that both the seller and the buyer are taxable persons for Swiss VAT purposes.

  • If the asset sale occurs in the form of a restructuring according to the Swiss Merger Act, the employee's representatives or each employee have even more possible measures, like blocking the registration of the acquisition in the relevant registry of commerce.

  • Do creditors have to be notified or their consent obtained to the transfer in an asset sale?If an asset purchase is performed through a transfer of assets and liabilities ( Vermögensübertragung) as provided for by the Swiss Merger Act, all assets and liabilities listed in an inventory attached to the transfer agreement are transferred by operation of law to the buyer.

  • With effect from July 6, 2012, Schweizerische Gesellschaft für Kapitalanlagen SGK AG, Zurich, as former fund management company, merged with Credit Suisse Funds AG, Zurich, through a merger by absorption as defined in the Swiss Merger Act.

Related to Swiss Merger Act

  • EC Merger Regulation means Council Regulation (EC) No 139/2004 of January 20, 2004 on the control of concentrations between undertakings, as amended.

  • Bank Merger has the meaning set forth in the recitals.

  • FDA Act means the U.S. Federal Food, Drug and Cosmetic Act, as amended, and the rules and regulations promulgated thereunder.

  • Cash Merger has the meaning set forth in Section 5.04(b)(ii).

  • Bank Merger Agreement has the meaning set forth in Section 6.10.

  • Company Merger has the meaning set forth in the recitals hereto.

  • CGCL means the California General Corporation Law.

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.

  • HSR Act means the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended.

  • Permitted Merger shall have the meaning set forth in Section 3.01.

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • Merger Transactions means the Merger and the other transactions relating thereto or contemplated by the Merger Agreement.

  • FDI Act means the Federal Deposit Insurance Act and the regulations promulgated thereunder.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • Hart-Scott-Rodino Act means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • Charter Act The Federal National Mortgage Association Charter Act (12 U.S.C. § 1716 et seq.), as amended and in effect from time to time.

  • OBCA means the Business Corporations Act (Ontario);

  • Second Merger has the meaning set forth in the Recitals.

  • Reorganization Transactions shall have the meaning set forth in the recitals.

  • FMC Act means the Financial Markets Conduct Act 2013.

  • FBCA means the Florida Business Corporation Act.

  • Antitrust Law means the Xxxxxxx Act, as amended, the Xxxxxxx Act, as amended, the HSR Act, the Federal Trade Commission Act, as amended, Foreign Antitrust Laws and all other Laws that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization or restraint of trade or lessening of competition through merger or acquisition.

  • FOI Act means the Freedom of Information Xxx 0000 and any subordinate legislation made under this Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation;

  • Mergers has the meaning set forth in the Recitals.

  • Effective Time of the Merger means the time as of which the Merger becomes effective, which shall occur on the Funding and Consummation Date.