Document background
The Change of Control Consent Letter is a crucial document used in Swiss corporate transactions when a company undergoes significant ownership or control changes. It is typically required when existing contracts contain change of control provisions that mandate obtaining counterparty consent before implementing such changes. The document is essential for compliance with Swiss corporate law, particularly the Code of Obligations, and helps maintain business relationships during ownership transitions. It should be used whenever a company plans a merger, acquisition, or significant ownership restructuring that triggers change of control clauses in existing agreements. The letter typically includes details of the proposed change, the timeline, any conditions attached to the consent, and confirmation that other contractual terms remain unchanged.
