Asset recovery update: can foreign receivers achieve indirect effects in Switzerland through corporate representation?

The Swiss Supreme Court has issued a new decision highly relevant for asset recovery strategies involving Swiss bank accounts.

In its original landmark decision 5A_999/2022, the Swiss Supreme Court confirmed that foreign receivers cannot directly exercise their powers in Switzerland (and often cannot even be recognised).

Filed under:
Switzerland, Banking, Company & Commercial, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, LALIVE
Authors:
Benoît Mauron , Louise Aellen
Location:
Switzerland
Firm:
LALIVE