SWITZERLAND Law and Practice Contributed by: Christoph Neeracher, Philippe Seiler and Lukas Bründler, Bär & Karrer Ltd
by way of accelerated bookbuildings or block trades to single buyers. Typically, such lock-ups are put in place for sharehold - ers holding more than 3% of shares in the company. While, in Switzerland, shareholders’ agreements are typical and usually terminated upon the IPO, relation - ship agreements concluded post-IPO are quite unusu - al. Nevertheless, the conclusion of a few relationship agreements has been seen recently. Such arrange - ments may include board appointment rights and joint sell-down or other “orderly market” arrangements.
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