The Irish High Court recently, for the first time, recognised and gave effect to a Swiss law insolvency and restructuring process that had been commenced in Switzerland in respect of a Swiss company.
Proposed Swiss International Insolvency Law Reforms
In October 2015, the Swiss Federal Department of Justice and Police (Eidgenössisches Justiz- und Polizeidepartement) published a preliminary draft of reforms to title 11 of the Swiss Private International Law Act (“SPILA”), which governs insolvency proceedings and compensation proceedings (Articles 166–175 rev-SPILA), together with an explanatory report. The consultation procedure for the proposed reforms culminated on February 5, 2016.
Der Bundesrat hat aufgrund der ausserordentlichen Lage mit Bezug auf die Corona-Pandemie den Rechtsstillstand im Betreibungswesen angeordnet. Dieser Rechtsstillstand gilt vom 19. März 2020 bis am 4. April 2020. Im unmittelbaren Anschluss daran beginnen die gesetzlichen Betreibungsferien, welche vom 5. April bis am 19. April 2020 dauern. Im Folgenden beantworten wir einige praktische Fragen zum Betreibungs- und Konkursrecht in Zeiten der Corona-Krise.
1. Was bedeutet Rechtsstillstand?
What do I need to know as the member of a Swiss board of directors in times of the coronavirus?
The spread of the coronavirus (SARS-CoV-2) is causing turnovers to crash and is plunging the Swiss economy into an unprecedented crisis. If the board of directors fails to respond to this crisis, its members risk becoming liable.
Here you will find the answers to the six most important questions regarding a Swiss board member's duties in the wake of the corona crisis:
Key takeaways:
Key Takeaways:
In view of the extraordinary situation with regard to the corona pandemic, the Federal Council has ordered a temporary stay of debt enforcement. This stay of enforcement is valid from 19 March 2020 until 4 April 2020, and will be immediately followed by the statutory enforcement holidays, which last from 5 April until 19 April 2020. Below, we will answer some practical questions on debt enforcement and bankruptcy law in times of the corona crisis.