Hengeler Mueller advises Pictet on the cross-border conversion and relocation of its European bank to Germany

On 26 May 2023, Pictet & Cie. (Europe) S.A., the European bank of Pictet Group, completed the transfer of its banking headquarters from Luxembourg to Frankfurt am Main, Germany. The transfer was made by way of a cross-border conversion from a Luxembourg société anonyme into a German Aktiengesellschaft. The German company operates under the name of Bank Pictet & Cie (Europe) AG and has branches in Luxembourg, France, Italy, Spain, the United Kingdom and Monaco.

Hengeler Mueller has advised Pictet comprehensively on the structuring, preparation and implementation of the cross-border conversion as well as its regulatory, employment and tax aspects and the coordination of the teams of lawyers in Luxembourg, France, Italy, Spain, the United Kingdom and Monaco.

Hengeler Mueller team for Pictet

Bank Regulatory: Dirk Bliesener (partner, lead), Jan Letto Steffen (counsel), Gerrit Tönningsen (senior associate, all Frankfurt),

Corporate: Frank Burmeister (partner, lead), Maximilian Kunzelmann, Antonius Rodewig (both associates, all Frankfurt),

Employment: Christian Hoefs (partner), Katharina Gebhardt, Selina Rohr (both senior associates, all Frankfurt),

Tax: Markus Ernst (partner, Munich), Marius Marx (counsel), Sebastian Adam (senior associate, both Frankfurt). 

Advice on Luxembourg law was provided by Arendt & Medernach. In addition, law firms in France, Italy, Monaco, Spain and the UK were involved in national legal aspects.