Pestalozzi advised Berkshire Hathaway on its CHF 3 billion convertible perpetual capital investment in Swiss Re
Berkshire Hathaway acquired a 3% stake in the Swiss Re in January 2008. Berkshire Hathaway and Swiss Re also entered into a reinsurance contract, the capital release of which is used to buy back shares. Under this quota share arrangement, Berkshire Hathaway assumes a 20% share of all Swiss Re's property and casualty business for the following five years. Pestalozzi acted as counsel to Berkshire.