SWITZERLAND Law and Practice Contributed by: Alexander Vogel, Marc Baumberger and Selina Bruderer MLL Legal Contents 1. Market Conditions p.162 1.1 Geopolitical and Economic Factors p.162 1.2 Industry Trends and Emerging Technologies p.162 2. JV Structure and Strategy p.162 2.1 Typical JV Structures p.162 2.2 Strategic Drivers for JV Structuring p.164 3. JV Regulation p.164 3.1 Legal Framework and Regulatory Bodies p.164 3.2 Anti-Money Laundering Compliance p.165 3.3 Sanctions, National Security and Foreign Investment Controls p.165 3.4 Competition Law and Antitrust p.166 3.5 Listed Companies and Market Disclosure Rules p.166 3.6 Transparency and Ownership Disclosure p.166 4. Legal Developments p.167 4.1 Notable Recent Decisions or Statutory Developments p.167 5. Negotiating the Terms p.167 5.1 Preliminary Negotiation Instruments and Practices p.167 5.2 Disclosure Obligations p.167 5.3 Conditions Precedent, Material Adverse Change and Force Majeure p.168 5.4 Legal Formation and Capital Requirements p.168 6. Core Terms of a JV Agreement p.169 6.1 Drafting and Structure of the Agreement p.169 6.2 Governance and Decision-Making p.169 6.3 Funding p.170 6.4 Deadlocks p.171 6.5 Other Documentation p.171
Germany
France
Bern
Switzerland
Italy
7. The JV Board p.173 7.1 Board Structure p.173 7.2 Duties and Functions of JV Boards and Directors p.174 7.3 Conflicts of Interest p.174 8. IP and ESG p.175 8.1 Ownership and Use of IP p.175 8.2 Licensing v Assignment of IP Rights p.175 8.3 ESG Considerations in JVs p.176 9. Exit Strategies and Termination p.176 9.1 Termination of a JV p.176 9.2 Asset Redistribution and Transfers p.177 9.3 Exit Strategy p.177
6.6 Rights and Obligations of JV Partners p.172 6.7 Minority Protection and Control Rights p.172 6.8 Applicable Law and Dispute Resolution in International JVs p.173
160 CHAMBERS.COM
Powered by FlippingBook