Swiss Merger Act definition

Swiss Merger Act means the Swiss Federal Act on Merger, Demerger, Transformation and Transfer of Assets of October 3, 2003 (SR 221.301);
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Examples of Swiss Merger Act in a sentence

  • Joint and several liabilityIn June 2015, the Personal & Corporate Banking and Wealth Management businesses booked in Switzerland were transferred from UBS AG to UBS Switzerland AG through an asset transfer in accordance with the Swiss Merger Act.

  • Under the Swiss Merger Act, UBS AG is jointly liable for obligations existing on the asset transfer date that have been transferred to UBS Switzerland AG.

  • The Swiss Merger Act provides for the possibility of a so-called “cash-out” or “squeeze-out” merger if the acquirer controls 90% of the outstanding shares.

  • Furthermore, the Offeror may consider implementing one or several other transactions under the Swiss Merger Act.

  • If the asset sale occurs in the form of a restructuring according to the Swiss Merger Act, the employee's representatives or each employee have even more possible measures, like blocking the registration of the acquisition in the relevant registry of commerce.

  • In addition, the Swiss Merger Act provides for a statutory transfer of assets and liabilities, which can be used for the sale and transfer of businesses or parts thereof, as well as for the instrument of the statutory demerger.

  • Institute requirements for the Ph.D. degree are described in the section on degree requirements.

  • In an asset deal performed through a transfer of assets and liabilities (Vermögensübertragung/transfert de patrimoine/ trasferimento di patrimonio) under the Swiss Merger Act, all assets and liabilities listed in an inventory attached to the transfer agreement are transferred by operation of law to the buyer.

  • Under the Swiss Merger Act, UBS AG assumed joint liability for obligations existing on theasset transfer date, i.e., 14 June 2015, that were transferred to UBS Switzerland AG.Similarly, under the terms of the asset transfer agreement, UBS Switzerland AG assumed joint liability for approximately CHF 325 billion of contractual obligations of UBS AG existing on the asset transfer date, excluding the collateralized portion of secured contractual obligations and covered bonds.

  • The BVI for the representative beach profile (Eta 21) at Bilinga is one of the lowest on the Gold Coast and this area is vulnerable to an extreme event in the near future.

Related to Swiss Merger Act

  • EC Merger Regulation means Council Regulation (EC) No 139/2004 of January 20, 2004 on the control of concentrations between undertakings, as amended.

  • Bank Merger has the meaning set forth in Section 1.03.

  • FDA Act means the U.S. Federal Food, Drug, and Cosmetic Act, as amended.

  • Cash Merger has the meaning set forth in Section 5.04(b)(ii).

  • Bank Merger Agreement has the meaning ascribed thereto in the recitals to this Agreement.

  • Company Merger shall have the meaning given in the Recitals.

  • CGCL means the California General Corporation Law.

  • HSR Act means the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended.

  • Permitted Merger shall have the meaning set forth in Section 3.01.

  • Merger Transactions means the Merger and the other transactions relating thereto or contemplated by the Merger Agreement.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • Hart-Scott-Rodino Act means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • Charter Act The Federal National Mortgage Association Charter Act (12 U.S.C. § 1716 et seq.), as amended and in effect from time to time.

  • OBCA means the Business Corporations Act (Ontario).

  • Second Merger has the meaning set forth in the Recitals.

  • Reorganization Transactions shall have the meaning set forth in the recitals.

  • FMC Act means the Financial Markets Conduct Act 2013.

  • FBCA means the Florida Business Corporation Act.

  • Antitrust Law means the Xxxxxxx Act, as amended, the Xxxxxxx Act, as amended, the HSR Act, the Federal Trade Commission Act, as amended, Foreign Antitrust Laws and all other Laws that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization or restraint of trade or lessening of competition through merger or acquisition.

  • FOI Act means the Freedom of Information Xxx 0000 and any subordinate legislation made under this Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation;

  • Mergers has the meaning set forth in the Recitals.

  • Effective Time of the Merger means the time as of which the Merger becomes effective, which shall occur on the Funding and Consummation Date.

  • NYBCL means the New York Business Corporation Law.

  • First Merger shall have the meaning given in the Recitals hereto.

  • DLLCA means the Delaware Limited Liability Company Act.