Distressed M&A: Swiss companies can use 'composition proceedings' to stay in operation during crisis and rescue profitable business parts

The COVID-19 crisis is causing financial difficulties for numerous companies. Often, bankruptcy seems to be the only escape. Based on the characteristics of US Chapter 11 proceedings, Swiss restructuring law was revised in 2014 so that judicial composition proceedings could be made more effective.

Filed under:
Switzerland, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Tax, CMS Switzerland, Value added tax, Coronavirus
Authors:
Dr Daniel Jenny , Dr Marjolaine Jakob, ArbP
Location:
Switzerland
Firm:
CMS Switzerland