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Dr. Thomas Weibel joins Leaders in Law as the exclusive Civil Procedural member in Switzerland

Leaders in Law, the leading platform in its field, is delighted to welcome Dr. Thomas Weibel as our exclusively recommended & endorsed Civil Procedural expert in Switzerland. Dr Thomas’s office is located in Zurich.

Thomas Weibel advises and represents clients before state courts and arbitral tribunals. His practice focuses on complex national and transnational commercial disputes, recognition and enforcement of foreign judgments, injunctive relief, and white collar crime. Thomas publishes and lectures on a regular basis on national and international civil procedure law as well as Swiss inheritance law. He is editor in chief for civil procedure law for a periodical on Swiss case law.

If you require any assistance in this area, please use the contact details provided in Thomas’s profile below or contact us at info@leaders-in-law.com & we will put you in touch.

Switzerland voters uphold free movement agreement with EU

wiss voters upheld an accord with the EU that allows people to travel freely through Switzerland in a referendum on Sunday. While 62 percent voted in favor of keeping the accord, 38 percent voted to end it.

The referendum on the accord was proposed by the Swiss People’s Party (SVP). A conservative group, the SVP has frequently proposed and backed anti-immigration measures. The SVP and its supporters claimed that ending the accord would permit Switzerland to police its borders and determine who could and could not immigrate. They also insisted that immigration was straining public services and the environment.

Opponents to the proposal argued that it would result in an economic recession. The EU, to which all of Switzerland’s neighboring countries belong, is Switzerland’s primary trading partner. Voters also raised concerns over the status of hurt Swiss citizens living and working in EU countries. Further, opponents voiced concerns about how ending the accord would impact relations with the EU. A 2014 referendum introducing quotas, which narrowly passed, strained Swiss-EU relations. Additionally, given the fundamental nature of the free movement accord, voters worried about the status of other agreements with the EU, such as trade and research.

The SVP insisted that the EU would renegotiate the agreements if the proposal ending free movement passed. More evidence, such as the EU handling of Brexit, supported the opposite conclusion.

Switzerland

PSP Swiss Property optimizes its real estate portfolio

Leading global law firm Baker McKenzie has advised PSP Swiss Property (PSP) on the acquisition of the so-called “Carba Portfolio” in Bern-Liebefeld, valued at CHF 180.5 million, which was purchased by a share deal.

The portfolio consists of several properties with approximately 36’000 m2 of usable floor space; it offers state-of-the-art and representative premises for offices and services as well as attractive commercial space. The “Carba portfolio” is practically fully let and generates a gross yield of 3.9%.

“We are very pleased to have supported PSP in their acquisition of their real estate portfolio with our legal and tax expertise,” commented Martin Furrer, partner in Zurich.

PSP Swiss Property owns a real estate portfolio worth CHF 7.4 billion in Switzerland’s main economic areas; its market capitalisation amounts to CHF 4.7 billion. The 92 employees are based in Geneva, Olten, Zug and Zurich. Since March 2000, PSP Swiss Property has been listed on the SIX Swiss Exchange

Baker McKenzie provided comprehensive advice to PSP with regard to all legal and tax aspects of the acquisition and during negotiations. The Baker McKenzie team comprised Martin Furrer (Partner Zurich), Samuel Marbacher (Partner, Zurich) as lead partners, Mario Kumschick, Selina Mani, Valeria Knöpfel, Michael Zeller, Cathrin Marxer, Basil Kirby, Philippe Monnier and Andrea Puricelli.