Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 119 Advance payment of fees

(Art. 137 FMIA)

1If the of­fer­or brings an ac­tion against the com­pany in an at­tempt to have the lat­ter's out­stand­ing equity se­cur­it­ies can­celled, the court shall make this known to the pub­lic and in­form the re­main­ing share­hold­ers that they may par­ti­cip­ate in the pro­ceed­ings. In this re­spect, it shall set a time­frame of at least three months, be­gin­ning on the day of the first an­nounce­ment.

2The an­nounce­ment shall be pub­lished three times in the Swiss Of­fi­cial Gaz­ette of Com­merce. In spe­cial cases, the court may ar­range for ap­pro­pri­ate pub­lic­a­tion in an­oth­er man­ner.

3If share­hold­ers par­ti­cip­ate in the pro­ceed­ings, they shall be in­de­pend­ent of the de­fend­ant com­pany in their li­ti­gi­ous acts.

4No­tice of the can­cel­la­tion must be pub­lished im­me­di­ately in the Swiss Of­fi­cial Gaz­ette of Com­merce, as well as else­where at the court's dis­cre­tion.

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