Some Pecularities of Swiss Takeover Law

The paper deals with the Swiss takeover law,which is based in the European capital market law tradition, but shows some distinct features. After an overview ofthe possible forms ofM&A trans-actions and the Swiss share market,it describes the general legal framework for public tender offers, the purpose of the rules governing those offers and theirscope of application. This is fol-lowed by a detaileddescription of mandatory public tender offersand the determination of the bid price. It concludes with a brief outlook on the possible sanctions in the event of violations of the obligation to make a public tender offer