Dr. Thomas U. Reutter, LL.M.
Partner | Attorney at law
lic.oec. HSG
T. +41 58 510 92 80 | +41 79 571 29 87
thomas.reutter@advestra.ch
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Thomas Reutter helps clients with their capital market and M&A transactions. He also advises numerous companies in securities and corporate law matters as well as on questions of corporate governance and compensation.
Thomas advises issuers and investment banks on equity capital market transactions such as IPOs, capital increases (e.g. rights issues, ABBs), secondary placements of shares (e.g. blocktrades) or on debt capital market transactions (including hybrid and equity linked transactions). A further focus of his practice is the advise of companies and investors on mergers and acquisitions of listed or privately held companies. In addition, Thomas also advises corporate clients on restructurings and reorganizations, including joint ventures and spin-offs.
Thomas Reutter is also a trusted adviser for numerous large and mid cap listed companies on disclosure, ad-hoc, insider and other issues relating to stock exchange and securities regulations and corporate law. He also counsels these companies on questions of corporate governance and compensation.
All relevant ranking agencies list Thomas Reutter as a leading lawyer in the areas of M&A and capital markets (Chambers, Legal 500, IFLR 1000). Thomas is editor and author of numerous publications in his areas of expertise. He also acts as Co-editor of Caplaw, the Swiss Capital Market Law Newsletter.
Corporate / M&A
- Advising Glencore, CPP Investments and BCI, as shareholders, in Viterra Ltd.'s business combination with Bunge Ltd
- Advising SIG Combibloc on the acquisition of Pactiv Evergreen's fresh carton business in Asia
- Advising Swiss Re on the sale of Elips Life AG to Swiss Life
- Advising CBRE Investment Management on acquisition of real estate company
- Advising a Swiss investor group on the acquisition of Geschenkidee.ch GmbH
- Advising the sellers on the sale of Katadyn Group
- Advising One Equity Partners on the acquisition of a major stake in Cicor Technologie
- Advising Acushnet on the Acquisition of KJUS
- Advising Temasek on the sale of its stake in Dufry
- Advising Cummins on its Joint Venture with Eaton
Equity Capital Market
- Advising Credit Suisse and UBS on the IPO of the first Swiss SPAC, VT5 Acquisition Company AG
- Advising Credit Suisse and Berenberg on the IPO of SKAN
- Advising the syndicate banks on the placement of shares of Bachem Holding
- Advising Credit Suisse and UBS on the IPO of medmix
- Advising Bank of America Merrill Lynch, J.P. Morgan, UBS and Société Générale on the placement of shares of Adecco Group
- Advising J.P. Morgan and the other syndicate banks on Molecular Partners AG's initial public offering in the United States and its listing on NASDAQ
- Advising SIG Combibloc Group as Issuer and Onex as Selling Shareholder on the IPO of SIG and on its Migration from Luxembourg to Switzerland
- Advising CEVA Logistics on its IPO, the anchor investment by CMA CGM and its migration to Switzerland
Debt Capital Market
- Advising Goldman Sachs, UBS and BofA Securities in a combined offering of shares and guaranteed convertible bonds of Zur Rose Group
- Advising Goldman Sachs, Jefferies and ZKB in a combined offering on the placement of shares and EUR 145 million green guaranteed senior unsecured convertible bonds of Meyer Burger
- Advising Bank of America Merrill Lynch, Credit Suisse AG and Goldman Sachs International in an offering and placement of CHF 600 million senior unsecured convertible bonds of Idorsia
- Advising the sole global coordinator and sole bookrunner on the placement of CHF 180 million unsecured, subordinated mandatory convertible bonds issued by Peach Property Group AG
- Advising Swiss Re in the Offering of Senior Exchangeable Notes with Issuer Stock Settlement
- Advising Cembra on its CHF 150'000 AT 1 Bond
- Partner at Advestra (since 2021)
- Partner at Bär & Karrer (2005-2020)
- Associate at Bär & Karrer (2001-2005)
- University of St. Gallen: Dr. iur. (2001)
- Georgetown University: LL.M. in Securities and Financial Regulation (2001)
- Associate at a Swiss Law Firm (1997-2000)
- Admitted to the Bar of the canton of Zurich (1997)
- Junior Associate at Homburger and further traineeships (1994-1996)
- University of St. Gallen: lic iur. (1994)
- University of St. Gallen and University Bocconi (Milan): lic. oec. (1991)
- International Bar Association (IBA)
- Zurich Bar Association (ZAV)
- Reflections on the 2024 AGM Season – Lessons Learned from the first Votes on ESG Reporting, Swiss Capital Markets Law, 2024, CapLaw-2024-36 (with Philippe Weber)
- The Structuring of (Unregistered) Security Offerings of Swiss Listed Companies, GesKR 1/2024, p. 86 ff. (with David Dixter, Varun Natteri Mangadu, Kristian Sutt and Thomas Reutter)
- Trends of the 2023 AGM Season, Swiss Capital Markets Law, 2023, CapLaw-2023-12 (with Daniel Raun and Philippe Weber)
- First Trends of the 2023 AGM Season, Swiss Capital Markets Law, 2023, CapLaw-2023-03 (with Daniel Raun)
- PIPEs in the Age of SPACs, CapLaw – Swiss Capital Markets Law, 2021, CapLaw-2021-57 (with Ralph Malacrida)
- To flag or not to flag – A few thoughts regarding the new obligation to flag ad hoc announcements under the Listing Rules of SIX Swiss Exchange AG, CapLaw – Swiss Capital Markets Law, 2021, CapLaw-2021-48 (with Rashid Bahar)
- Lediglich "Punktuelle Anpassungen und Präzisierungen der Bestimmungen zum bedingten Kapital"? Bedingt zutreffend! SZW 3/2021 (with Annina Hammer)
- Investorenschutz bei SPACs in der Schweiz: protection by Design only? GesKR 2/2021 (with Matthias Courvoisier)
- CSR und Kapitalmarkt, in: Kapitalmarkt – Recht und Transaktionen XV, Herausgeber: Thomas U. Reutter und Thomas Werlen, 2020 (with Annette Weber)
- A new proxy adviser regulation in Switzerland? CapLaw – Swiss Capital Markets Law, 2020, Caplaw-2020-24 (with Annette Weber)
- The New Swiss Prospectus Regime - What You as an IPO Candidate Need to Know, "Going Public" Publications, SIX Swiss Exchange Ltd, Zurich, November 2019 (with Sandro Fehlmann and Patrick Förg)
- Wandelanleihen, in: Reutter/Werlen (Ed.), Kapitalmarkt: Recht und Transaktionen XIII, Europainstitut Zürich, 2019, S. 128-156 (with Annette Weber)
- Popular Initiative on Responsible Enterprises: Switzerland's Long Arm on Subject Enterprises, CapLaw - Swiss Capital Markets Law, 2019, Caplaw-2019-14 (with Annette Weber)
- Insider Trading and Market Manipulation in Tokens, CapLaw – Swiss Capital Markets Law 2018, Caplaw-2018-03 (with Daniel Raun)
- Switzerland: Initial coin offerings, International Financial Law Review (IFLR), October 2017 (with Daniel Flühmann)
- Regulierung und Haftung von Proxy Advisern, Kapitalmarktrecht - Recht und Transaktionen XI, Europa Institut Zürich, 2017, S. 244ff.
- Kurze Einführung in die Unternehmensfinanzierung, Schulthess Manager Handbuch 2017, S.93 – 100 (with Annette Weber)
- EU Shareholder Rights Directive: Action required for Switzerland?, Caplaw - Swiss Capital Markets Law, 24 November 2016, Caplaw-2016-43 (with Frédéric Mancosu)
- The Securities Litigation Review – Switzerland, in: William Savitt (eds.), The Securities Litigation Review, 2016, p. 181-195 (with Matthew T. Reiter)
- Capital "On Demand": Equity Lines / Shares Subscription Facilities for Swiss Listed Companies, CapLaw – Swiss Capital Markets Law, 20 April 2016, Caplaw-2016-18 (with Annette Weber)
- Die Vergütung im Voraus: in absurdo nihil obstat, GesKR 2/2016
- Is a Regulation of Proxy Advisers needed in Switzerland? CapLaw - Swiss Capital Markets Law, 2015, Caplaw-2015-16
- SIX overhauls regulatory standards for listing, Dr. Thomas U. Reutter, CapLaw – Swiss Capitaal Markets Law, 2015, CapLaw-2015-1
- Kommentierung von Art. 37 Fusionsgesetz (Fusg), in: Rolf Watter/Nedim Peter Vogt/ Rudolf Tschäni/Daniel Daeniker (Hrsg.), Basler Kommentar zum Fusionsgesetz, 2. Aufl., Basel 2014
- Reshaping the future – An analysis of the draft bills of a Financial Services Act (Fidleg) and Financial Institutions Act (FinIG), International Financial Law Review (IFLR), 2014, p.65-67 (with Rashid Bahar)
- The New Rules on Delisting in Practice, Caplaw – Swiss Capital Markets Law, 2014, Caplaw-2014-22 (with Mariel Hoch)
- Alternatives and Trends on the Binding Vote on "Say on pay", Caplaw – Swiss Capital Markets Law, 2014, Caplaw-2014-2 (with Daniel Raun)
- Prohibited Compensation Payments under the Minder Ordinance (VegüV), Caplaw, - Swiss Capital Markets Law, 2014, CapLaw-2014-3 (with Daniel Raun)
- Kommentierung von Art. 11 und 12 Bankengesetz (BankG), in: Rolf Watter/Nedim Peter Vogt/Thomas Bauer/Christoph Winzeler (Hrsg): Basler Kommentar zum Bankengesetz (BankG), 2. Aufl. 2014 (with Daniel Raun)
- The Purchase of Own Shares Outside a Parallel Buyback Offer - The Decision of the Takeover Board in re Absolute Invest, Caplaw, - Swiss Capital Markets Law, 2013 (CapLaw-2013-4)
- Konzerninnenfinanzierung, in: Peter V. Kunz/Oliver Arter/Florian S. Jörg (Hrsg.), Entwicklungen im Gesellschaftsrecht VIII, Bern 2013, p. 201 ff.
- Swiss People to Vote on Caps on Executive Compensation, Caplaw, - Swiss Capital Markets Law, 2013, Caplaw-2013-27
- Getting to Grips with the new EU Securities Law Regime - Considerations for Non-EU Issuers, Butterworths Journal of International Banking and Financial Law, 2013, p. 445 ff. (with Vanessa Blackmore)
- Kommentierung von Art. 1157 - 1186 Obligationenrecht, in: Heinrich Honsell/Nedim Peter Vogt/Rolf Watter (Hrsg.), Basler Kommentar Wertpapierrecht, Basel 2012, p. 483 ff.
- Kommentierung von Art. 730, 730a-c, 731 und 731a Obligationenrecht, in: Heinrich Honsell/Nedim Peter Vogt/Rolf Watter (Hrsg.), Basler Kommentar Obligationenrecht II, 4. Aufl., Basel 2012, p. 1364ff.
- Update: Revision of Banking Act in Light of "Too Big to Fail"- the Swiss Parliament's View, CapLaw – Swiss Capital Market Law, 2011, Caplaw-2011-46 (with Daniel Raun)
- Contingent Capital, bedingtes Kapital und Wandlungskapital,in: Thomas U. Reutter/Thomas Werlen (eds.), Kapitalmarkttransaktionen VI, Zurich 2011, p. 25 ff. (with Daniel Raun)
- When Is a Concurrent Tender Offer a Competing Tender Offer?, CapLaw - Swiss Capital Market Law, 2011, Caplaw-2011-35 (with Daniel Raun)
- Capital Raising in Light of "Too Big to Fail": the Swiss Government's View, CapLaw - Swiss Capital Market Law 2011, Caplaw-2011-11 (with Daniel Raun)
- The Impact of the New Intermediated Securities Regime on Capital Market Regime on Capital Market Transactions, CapLaw - Swiss Capital Market Law 2010, Caplaw-2010-2
- The Interim Report of the Commission of Experts on the "Too Big To Fail" Problem: Reading the Tea Leaves, Caplaw – Swiss Capital Markets Law, 2010, CapLaw-2010-45 (with Roland Truffer)
- Employee Options in Takeover Proceedings, CapLaw, Swiss Capital Market Law, 2010, CapLaw-2010-28 (with Flavio Lardelli)
- Kommentierung von Art. 31 BEHG, in: Rolf Watter/Nedim Peter Vogt (Hrsg.), Basler Kommentar zum Börsengesetz/Finanzmarktaufsichtsgesetz, 2. Aufl., Basel 2010, p. 1078 ff. (with Katja Roth Pellanda)
- Break Fees in Public Tender Offers, CapLaw, Swiss Capital Market Law, 2010, Caplaw 2010-64 (with Flavio Lardelli)
- Bezugsrechtsemissionen und Alternativen, in: Thomas U. Reutter/Thomas Werlen (Hrsg.), Kapitalmarkttransaktionen IV, Zurich 2009, S. 17 ff.
- Swiss Takeover Regime Overhauled, CapLaw -Swiss Capital Market Law, 2009, Caplaw-2009-04
- Takeover Board clarifies permissible Offer Consideration in Voluntary Bids, CapLaw - Swiss Capital Market Law, 2009, Caplaw-2009-16
- The SIX Swiss Exchange implements new Regulations governing the Listing on the Swiss Exchange, CapLaw - Swiss Capital Market Law, 2009, Caplaw-2009-39 (with René Bösch and Philippe Weber)
- Fusionsgesetzliche Ausgleichsklage und börsenrechtliche Preisvorschriften – Auflösung eines Normwiderspruchs, in: Nedim P. Vogt/Eric Stupp/Dieter Dubs (Hrsg.), Unternehmen - Transaktion - Recht - Liber Amicorum für Rolf Watter, Zurich/St. Gallen 2008, p. 381 ff. (with Mariel Hoch)
- Bezugsrechte, Festübernahme und Übernahmevertrag, Der Schweizer Treuhänder (Expert Suisse) 2006, p. 44 ff.
- Auswirkungen neuer EU-Richtlinien auf Kapitalmarkttransaktionen schweizerischer Emittenten, Kapitalmarkttransaktionen, Europainstitut Zürich, Zürich 2006
- Kommentierung von Art. 37 Fusionsgesetz, in: Rolf Watter/Nedim Peter Vogt/ Rudolf Tschäni/Daniel Daeniker (eds.), Basler Kommentar zum Fusionsgesetz, Basel 2005 (with Rolf Watter)
- Ein neues Kapitel: Die Regulierung von Emittenten, in: Peter Nobel (Hrsg.) Internationales Gesellschaftsrecht, Bern 2004, 99ff. (with Urs Brügger)
- EU-Aufsicht für schweizerische Gesellschaften?, NZZ 14 October 2004, no. 240, p. 31
- Rechtsprobleme beim IPO, in: Rolf Watter (ed.), Rechtsfragen beim Bösengang von Unternehmen - Europa Institut Zürich, Volume 36, Zurich 2002, p. 1 ff. (with Rolf Watter)
- Der lange Arm des US-Kapitalmarktrechtes, NZZ 12 October 2001
- Bedingtes Kapital für Mitarbeiteroptionen, Der Schweizer Treuhänder (Expert Suisse) 8/2000, 781ff. (with Eric Hayman)
- Das bedingte Übernahmeangebot, Diss., Zürich 2001
- Das öffentliche Kaufangebot nach Art. 2 lit. e BEHG, Aktuelle Juristische Praxis (AJP) 1999, S. 1093 ff.
- German
- English
- French
- Italian
- All Swiss Courts
- Advestra advises Swiss Re on the sale of iptiQ's European Property and Casualty insurance business to Allianz Direct
- Advestra advises Novartis on its USD 3.7 billion notes
- Advestra advises Barry Callebaut on the placement of CHF bonds in the amount of CHF 730 million and Eurobonds in the amount of EUR 700 million
- Advestra advises UBS on EUR 300 million rights offering by Swiss Steel
- Advestra advises Goldman Sachs and UBS on the placement of CHF 200m convertible bonds due 2029 and the public repurchase offer for outstanding convertible bonds due 2025 of DocMorris
- Advestra advises on the rights offering by Meyer Burger
- Advestra advises Kinarus Therapeutics Holding AG and Curatis AG on the Combination of Their Businesses by Way of Reverse Merger
- Advestra advises Barry Callebaut on the placement of CHF 600 mio. inaugural bonds
- Advestra advises on the first Swiss De-SPAC
- Advestra advises HSBC, Morgan Stanley, UBS and the other members of the banking syndicate on the rights offering and the high-yield bonds of ams-OSRAM