In this blog article, we present the most important legal amendments in relation to the newly adopted Federal Act on Combating Abusive Bankruptcy.

In March 2022, the Swiss Parliament adopted the Federal Act on Combating Abusive Bankruptcy with the aim of preventing debtors from using bankruptcy proceedings to escape from their financial obligations to the detriment of their creditors or to engage in unfair competition with other companies. For this purpose, various laws and ordinances will be amended and the new law is expected to come into force on January 1, 2024.