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.