<h3>Episode 1: «Inbound Cross-border Fund Offerings»</h3>
<p>In this episode <a href="https://www.homburger.ch/en/team/jurg-frick/">Jürg Frick</a> and <a href="https://www.homburger.ch/en/team/vanessa-isler/">Vanessa Isler</a> discuss what foreign funds and their distributors have to keep in mind when they are looking to approach Swiss investors, with a special focus on when a foreign fund or distributor may be providing a financial service under FinSA.</p>


<h3>Episode 2: «Ansässigkeit»</h3>
<p>The FinSA newly regulates the cross-border provision of financial services in Switzerland. When is a foreign financial services provider considered to be based in Switzerland? Under which circumstances do its client advisors have to be registered in Switzerland? And what sanctions apply in case of non-compliance with these rules?</p>
<p>In this episode, <a href="https://www.homburger.ch/en/team/benedikt-maurenbrecher/">Benedikt Maurenbrecher</a> and <a href="https://www.homburger.ch/en/team/stefan-bindschedler/">Stefan Bindschedler</a> answer these and other questions.</p>


<h3>Episode 3: «Reverse Solicitation»</h3>
<p>Financial services rendered by foreign financial services providers at a Swiss client’s own exclusive initiative are not subject to the Financial Services Act («reverse solicitation»). But what exactly are the conditions for the financial services provider to be able to rely on the exemption? And how does reverse solicitation play out within the context of the offering of financial instruments?</p>
<p>Join <a href="https://www.homburger.ch/en/team/stefan-kramer/">Stefan Kramer</a> and <a href="https://www.homburger.ch/en/team/manuel-baschung/">Manuel Baschung</a> for a primer on these and other questions.</p>


<h3>Episode 4: «On Tour with Investors»</h3>
<p>What has to be done – or avoided – when going on a road show to meet potential or existing shareholders or other investors in Switzerland? <a href="https://www.homburger.ch/en/team/david-borer/">David Bore</a>r and <a href="https://www.homburger.ch/en/team/benjamin-leisinger/">Benjamin Leisinger</a> will explain the «dos &amp; don&#8217;ts» when it comes to road shows under the Financial Services Act, in particular as to the concepts of «advertising», the «provision of financial services» and an «offer».</p>


<h3>Episode 5: «Robo Advisors in Switzerland – Regulatory Framework»</h3>
<p>Robo Advisors increasingly gain traction in Switzerland and have been able to record a substantial growth in their assets under management in recent years.</p>
<p>In view of these developments, <a href="https://www.homburger.ch/en/team/hansjurg-appenzeller/">Hansjürg Appenzeller</a> and <a href="https://www.homburger.ch/en/team/alexander-wherlock/">Alexander Wherlock</a> will be giving a comprehensive overview of the regulatory requirements applicable to Robo Advisors conducting business in Switzerland.</p>


<h3>Episode 6: «Retrozessionen»</h3>
<p>Is FinSA a «game changer» for retrocessions? What is the role of general terms and conditions? And can existing waivers be used going forward? In this episode, <a href="https://www.homburger.ch/en/team/katrin-ivell/">Katrin Ivell</a> and <a href="https://www.homburger.ch/en/team/fabrice-eckert/">Fabrice Eckert</a> provide answers to these and other questions.</p>


<h3>&gt; <a href="https://www.homburger.ch/en/financial-market-regulation-hub/">Visit our Hub with a compilation of our publications and more on financial market regulation.</a></h3>


fidleg_preview_final_02

Update<br>FIDLEG Mini Series<br>Episodes 1–6

Capital Markets

Financial Market Regulation

Amag Leasing

<p>In November 2021, AMAG Leasing established its CHF 1.5 bn Auto Covered Bond Programme irrevocably guaranteed as to payments of interest and principal by AMAG Leasing Auto Covered Bond AG (the <strong>Programme</strong>).</p>
<p>On November 18, 2021, AMAG Leasing successfully completed its inaugural issuance of CHF 260 m 0.00% Fixed Rate Auto Covered Bonds due 2025 thereunder. The Auto Covered Bonds are indirectly backed by a portfolio of lease assets originated by AMAG Leasing (the <strong>Cover Pool</strong>). AMAG Leasing is the leading car leasing company in Switzerland with a portfolio currently comprising approximately 180,000 contracts valued at more than CHF 4 bn. AMAG Leasing is a subsidiary of AMAG Group, which is the largest mobility company in Switzerland.</p>
<p>The Swiss law governed Programme is the first Corporate Covered Bond Programme in Switzerland. It offers much greater issuance flexibility and quicker «time to market» compared to ABS.</p>
<p>The first issuance of Auto Covered Bond was well received in the market and attracted new investors allowing AMAG Leasing to further diversify its long-term funding sources.</p>
<p>Zürcher Kantonalbank acted as Sole Arranger.</p>
<p>Homburger acted as sole legal advisor advising AMAG Leasing as Issuer and the Zürcher Kantonalbank as Sole Arranger. The Homburger team was led by partners Daniel Haeberli and Stefan Kramer (both Capital Markets / Financial Market Regulation) and included Stefan Oesterhelt (Tax), associates David Borer and Pierina Janett-Seiler as well as junior associates Yannick Rüfenacht and Naomi Mark and paralegal Ganna Schneuwly (all Capital Markets).</p>


Homburger advised AMAG Leasing AG on the establishment of its CHF 1.5 bn Auto Covered Bond Programme and the CHF 260 m inaugural issuance thereunder

Corporate / M&A

IP / IT

Financing and Investment Products

ADC Therapeutics

<p>On August 26, 2021, ADC Therapeutics SA (NYSE: ADCT), a Swiss-based commercial-stage oncology-focused biotechnology company, announced that it had entered into a royalty purchase agreement with HealthCare Royalty. Under the agreement, ADC Therapeutics will receive up to USD 325 m, and HealthCare Royalty will receive a capped royalty interest on ZYNLOTA™ and Cami (camidanlumab tesirine).</p>
<p>Homburger advises ADC Therapeutics SA on the Swiss law and tax aspects of the transaction. The Homburger team is led by partner Daniel Häusermann (Corporate / M&amp;A, Capital Markets) and includes partners Dieter Grünblatt and Reto Heuberger (Tax), Georg Rauber (IP / IT), Benjamin Leisinger (Financing and Investment Products) as well as associates Estelle Piccard (Corporate / M&amp;A, Capital Markets), David Borer and Stefan Bindschedler (both Financing and Investment Products).</p>


Homburger advises ADC Therapeutics SA in its USD 325 m financing agreement with HealthCare Royalty

Compliance

Regulatory

Technology and Digital Economy

News_Web_FIDLEG Serie_640x140

<p>The new legislation still poses many challenges. Experts from our team debate «hot topics» in our FIDLEG Mini Series and present perspectives. Whether robo advisors, road shows, retros or advertising, we promise interesting discussions.</p>
<p><a href="https://www.homburger.ch/en/insights/update-fidleg-mini-series">&gt; FIDLEG Mini Series</a></p>
<p><a href="https://www.homburger.ch/en/financial-market-regulation-hub/">&gt; Visit our Hub with a compilation of our publications and more on financial market regulation.</a></p>
<p>&nbsp;</p>


David
Borer

Homburger advised AMAG Leasing AG on the establishment of its CHF 1.5 bn Auto Covered Bond Programme and the CHF 260 m inaugural issuance thereunder

Homburger advises ADC Therapeutics SA in its USD 325 m financing agreement with HealthCare Royalty

Financial Services Act - FinSA (FIDLEG) - Curse or Blessing?

Update
FIDLEG Mini Series
Episodes 1–6

On tour with investors – dos and don'ts for roadshows in Switzerland

The Rise of Swiss Domestic Covered Bond Programmes

Neuerungen bei der (Re-)Finanzierung von Hypothekarkrediten

Join the Team

David Borer

Career

Languages

Bar Registration

Teams

DavidBorer

Homburger advised AMAG Leasing AG on the establishment of its CHF 1.5 bn Auto Covered Bond Programme and the CHF 260 m inaugural issuance thereunder

Homburger advises ADC Therapeutics SA in its USD 325 m financing agreement with HealthCare Royalty

Financial Services Act - FinSA (FIDLEG) - Curse or Blessing?

UpdateFIDLEG Mini SeriesEpisodes 1–6

On tour with investors – dos and don'ts for roadshows in Switzerland

The Rise of Swiss Domestic Covered Bond Programmes

Neuerungen bei der (Re-)Finanzierung von Hypothekarkrediten

Join the Team

David Borer

Career

Languages

Bar Registration

Teams

David
Borer

Update
FIDLEG Mini Series
Episodes 1–6