The new set of Swiss laws on blockchain and distributed ledger technology (DLT; Blockchain/DLT Laws) has been approved by the Swiss Parliament on 25 September 2020 and is thus now in final form. Subject to a referendum, which is unlikely, the Blockchain/DLT Laws will presumably enter into force early next year.
The main topics of the Blockchain/DLT Laws are:
Le 16 avril 2020, le Conseil fédéral avait adopté l'Ordonnance COVID-19 insolvabilité. L'un de ses principaux objectifs était de diminuer la pression subie par les organes d'administration des entreprises suisses quant à leur obligation d'aviser le juge d'un surendettement (« dépôt du bilan »). L'allègement visait principalement les situations de surendettement causées par les effets négatifs de la pandémie de COVID-19 sur les liquidités, le bénéfice et les perspectives de continuité d'exploitation.
LAW & TAX Swiss Restructuring & Insolvency in a nutshell loyensloeff.com LAW & TAX Introduction Ever-changing market conditions require businesses to continuously monitor their earnings and liquidity situation as well as their debt structure. In addition, the overall economic situation remains uncertain and asks for continued operational flexibility and resilience. Thus, it is not surprising that companies need to rethink their organisational obligations in restructuring and insolvency situations.
Restructurings, especially those involving multiple jurisdictions, are invariably complex matters. This CMS Expert Guide provides an overview of the various restructuring possibilities available in a large number of countries, allowing you to compare how the options are deployed in these jurisdictions.
We intend to update it periodically to reflect important changes as they happen.
If you need more information or have any questions, please do not hesitate to contact us.
This guide provides a comparative analysis of certain key areas of law and procedure for those involved in or affected by financial distress of a corporation and the trading of distressed debt across Europe.
Certain governments have taken (extensive) measures to help businesses and its employees. This leads to an entire new and unprecedented market situation and results in sometimes unprecedented legal issues which require swift but thorough assessment, both from a national and cross-border perspective. To provide companies and its directors with some general guidelines in these times of uncertainty, our international Restructuring and Insolvency team has prepared an overview of certain pressing legal issues.
Petroplus, the largest independent refiner and wholesaler of petroleum products in Europe entered into various insolvency proceedings in Switzerland, England and Wales, France, Germany and Belgium on 24-27 January 2012 after the group failed to reach agreement with its creditors to extend the deadline of its loan repayments.
Control to Serbian Creditors- the amendments to the Serbian Insolvency Act
The recent amendments to the Serbian Insolvency Act enacted 9 December 2018 have placed more control into creditors’ hands allowing them to suggest the insolvency administrator to be appointed, as well as providing less restrictive provisions on the proposers of reorganisation proposals.