Lenz & Staehelin advised Richemont on its restructuring plans

Lenz & Staehelin advised Richemont on the Swiss law aspects of its restructuring which will see Richemont separated into two groups: a focused luxury goods group controlled by Compagnie Financière Richemont SA headquartered in Geneva and listed on SWX Swiss Exchange and a Luxembourg investment vehicle to be called Reinet Investments S.C.A., which will be listed on the Luxembourg Stock Exchange. Furthermore the restructuring involves the distribution to unitholders of 90% of the Group’s 20% interest in British American Tobacco p.l.c.

The restructuring proposals were announced on 8 August 2008.

The team of Lenz & Staehelin was led by Jacques Iffland (corporate and securities regulations) and Jean-Blaise Eckert (corporate and tax). It included Jérôme Piguet, Frédéric Neukomm and Alexandre Richa.

Lenz & Staehelin worked as part of an integrated team on this matter with Slaughter and May, Elvinger Hoss & Prussen, and Hofmeyrs.