Der Bundesrat hat am 16. April 2020 die in Aussicht gestellten Massnahmen zur Vermeidung von coronabedingten Konkursen umgesetzt. Die Massnahmen treten am 20. April 2020 in Kraft und sind auf sechs Monate befristet.

On 16 April 2020, the Federal Council implemented the measures aiming at preventing corona-related bankruptcies. The measures come into force on 20 April 2020 and are limited to six months.

Introduction

Two main avenues exist for opening bankruptcy proceedings over a Swiss company:

Key takeaways:

Key Takeaways:

On 8 April 2020, the Federal Council affirmed its willingness to offer support for companies in financial difficulties because of the coronavirus crisis. At the same time, the Federal Council decided not to extend the legal standstill in civil and administrative court proceedings and in debt enforcement actions. The legal standstill will end as planned on 19 April 2020 at midnight.

Introduction

Introduction

On 23 November 2016 the Federal Council presented a bill to modernise Swiss company law, including a reform of the corporate restructuring rules which sought to create incentives for financially distressed companies to take necessary actions at an early stage and thus avoid insolvency and bankruptcy proceedings.