Switzerland on M&A/Private Equity

On 29 January 2025, the Swiss government, i.e. the Federal Council, lifted Swiss protective measures introduced when the European Union ("EU") refused to recognise Swiss stock exchanges as equivalent.

Distressed transactions increasingly mark the Swiss M&A landscape. An important piece in the Swiss restructuring toolbox is the sale of parts or all of the business under court supervision during a composition moratorium.

Who is/are the relevant merger authority(ies)? If relevant, please include details of: (i) independence from government; (ii) who the senior decision-makers...