SWITZERLAND Law and Practice Contributed by: Marcel Dietrich, Richard Stäuber and Katharina Bratvogel, Homburger
According to the new law, acquisitions of Swiss undertakings will be notifiable if: • a foreign state investor acquires control; • a (security-)critical sector is concerned; and • certain de minimis or turnover thresholds are exceeded. Examples of (security-)critical sectors include defence equipment, electricity grids and production, as well as health and telecoms infrastructures.
The investment control rules will be separate from the merger control rules. The notification must be submit - ted to SECO and the decision not to approve a notifi - able investment will, however, be held exclusively by the Federal Council. The implementation of the regulations is currently being prepared and is expected in the second quar - ter of 2026. The bill will most likely enter into force in mid-2027.
628 CHAMBERS.COM
Powered by FlippingBook