DrivenUp AG, a Swiss startup based in Zug that develops and operates a technology platform in the mobility and automotive services sector, closed a financing round. Reichlin Hess advised DrivenUp AG on this transaction. The team comprised Stefan Blunschi, Monika Jucker, Lukas Bründler and Serge von Steiger (all Corporate/ M&A).
Swiss Transparency Register
On 1 October 2026, the Act on the Transparency of Legal Entities and the Identification of Beneficial Owners (TJPG) and the corresponding Ordinance (TJPV) will enter into force. This briefing provides a brief overview of the key obligations under the TJPG and the specific action required of entities subject to the TJPG. Entities subject to the TJPG In particular, the...
Reichlin Hess advised Holcim on its investment in KLARK AG
Holcim (Schweiz) AG acquired a 20% stake in KLARK AG through a capital increase. Following the transaction, five shareholders each hold 20% of KLARK AG: the existing shareholders Logbau AG, Toggenburger AG, Novakies AG and Ulrich Imboden AG, as well as the new shareholder Holcim (Schweiz) AG. This investment supports the further development of KLARK climate concrete. For Holcim, it...
Reichlin Hess advised Holcim on its acquisition of an equity stake in Inkoh AG
Holcim (Schweiz) AG, together with Axpo Biomasse AG and Terre-Suisse AG, acquired an equity stake in Inkoh AG, a subsidiary of Zindel United Holding AG and a leading Swiss producer of high-quality biochar. Under the transaction, Zindel United Holding AG sold 60% of the shares in Inkoh AG to the three new investors, while remaining the largest single shareholder with...
The Future of Legal Fees
In the current issue (3/2026) of Anwaltsrevue (available in German and French at anwaltsrevue.recht.ch; English translation below), Dr. Paul Thalmann had the opportunity to publish an article on the future of legal billing as a member of the SAV Executive Board. Under the title “The Billable Hour is dead, long live the Billable Hour!”, he explores why the traditional hourly...
Stuck in Paradise? The Consequences of Being Unable to Work Due to a Delayed Return from Vacation
In labor law, the principle of “no work, no pay” applies. This means that the employee generally bears the risk of loss of wages, and the employer is not obligated to pay wages if the employee is prevented from performing work.
Leading ruling of the Federal Supreme Court on the taxation of compensation for termination without notice dated January 19, 2026 (9C_96/2024)
In a decision dated January 19, 2026 (9C_96/2024), which is scheduled for publication, the Federal Supreme Court ruled for the first time on the taxation of compensation for unlawful termination without notice. Back in 2022, the Federal Supreme Court classified compensation for wrongful termination as tax-exempt satisfaction (BGE 148 II 551).
Amendment of the double tax treaty between Switzerland and Germany for cross-border commuters and other cross-border activities
In addition to adjustments to the OECD Model Tax Convention detailed provisions regarding cross-border employments shall be implemented in the protocol of the double tax treaty.
Reichlin Hess strengthens its partnership
We are pleased to announce that Stefan Blunschi has joined Reichlin Hess as a partner. We warmly welcome Stefan to our partnership.
Helvetia and Baloise Merger
On 23 May 2025, shareholders of Helvetia and Baloise approved the merger that was announced by the two insurance groups to “Helvetia Baloise Holding Ltd”. This merger is a milestone in the Swiss insurance industry. With a combined business volume of CHF 20 billion across eight countries, Helvetia Baloise Holding Ltd will become the second largest insurance group in Switzerland...
Corporate Tax Rates and Tax Rates for Individuals for 2025 in the Cantons Zug, Lucerne, Zurich and Schwyz
In Switzerland, taxes are levied at federal, cantonal and municipal level. This is, in particular, the case with income and capital taxes for legal entities and income and wealth taxes for individuals. The tax burden between the cantons and also between municipalities within the same canton may vary considerably.
Swiss tax consequences of the acquisition and sale of treasury shares
The acquisition and sale of treasury shares by companies limited by shares raise several questions regarding taxation in Switzerland in connection with income, capital, withholding and value-added taxes as well as stamp duties. The Swiss Federal Supreme Court answered some of these questions in recent decisions. Some of the relevant tax issues regarding treasury shares are outlined below.
We accept crypto currencies (Bitcoin, Ethereum, Ripple) 