21 November 2016 I Deals and Cases

Bär & Karrer Advises Swissgrid on Transfer of Swissgrid Shares

On 8 November, Swissgrid shares held by Alpiq AG and Alpiq Suisse were transferred to BKW and Sireso, a Swiss consortium. Prior to the transaction, the transfers were disputed and led to several proceedings. The disputes were settled in October and the board of directors of Swissgrid gave its consent to the transaction. The transfer of shares in Swissgrid AG, the Swiss high voltage grid operator, is restricted by law (inter alia with statutory pre-emption rights).

Bär & Karrer acted as Swiss legal advisor to Swissgrid on the transfer of the Swissgrid shares and on the disputes involving Swissgrid. The team included Phyllis Scholl, Rolf Watter, Matthew Reiter, Markus Schott and Sebastian Flückiger.