100% Takeover of Bank Linth LLB by Liechtensteinische Landesbank completed
After the settlement of the public tender offer by Liechtensteinische Landesbank Aktiengesellschaft, for all publicly held registered shares of Bank Linth LLB AG, Liechtensteinische Landesbank on 24 May 2022 filed, based on art. 137 FMIA, a claim for the cancellation of all Bank Linth shares remaining in public with the competent commercial court of the Canton of St. Gallen. With judgment dated 9 December 2022, the commercial court of the Canton of St. Gallen declared all Bank Linth shares remaining in public cancelled and the judgment came into legal force on 15 December 2022.
The shares of Bank Linth were delisted from SIX Swiss Exchange on 28 December 2022. The last trading day was 27 December 2022.
Bär & Karrer acted as counsel of Liechtensteinische Landesbank in connection with the public tender offer and the subsequent cancellation procedure and as counsel for Bank Linth for the delisting procedure. The Bär & Karrer team was led by Dieter Dubs and Fabienne Perlini (both Public M&A) and included Peter Hsu and Cédric Chapuis (both Banking), Lukas Roesler (Capital Markets), as well as Matthew T. Reiter and Alain Grieder (both Litigation).