Switzerland: Reverse break fees.

• Autores: Urs Kägi, Daniel Küpfer
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 35, Nº. 36 (9/12/2016), 2016, 25 págs.
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The article discusses the use of break fees and reverse break fees in the merger and acquisition (M&A) market in Switzerland as of mid-September 2016. It claims that both fees are paid by bidding and target companies when a deal is cancelled. Also cited are the break fee paid by Verizon Communications when it bought the shares of Vodafone in Verizon Wireless, and the business judgement rule in Swiss corporate law.