The general view in Switzerland is that cryptocurrencies are intangible assets sui generis and as such can be subject to regular debt enforcement and insolvency proceedings in Switzerland (provided that these cryptocurrencies have a financial value).

This article highlights the particularities to be considered when cryptocurrencies are the target of an attachment procedure (ie, a freezing order) in Switzerland.

Attachment

The following must be established to obtain an attachment in Switzerland:

Die neue Verordnung kurz zusammengefasst:

At the press conference of Friday, 20 March 2020, the Federal Council informed on an additional package of measures to cushion the economic consequences of the spread of the coronavirus (COVID-19).

In order to remedy liquidity bottlenecks that continue to exist despite short-time working compensation at companies affected by the forced closure and demand shortages, the Federal Council announced additional support measures.

In addition to:

In der Pressekonferenz von Freitag, 20. März 2020, informierte der Bundesrat über ein zusätzliches Massnahmenpaket zur Abfederung der wirtschaftlichen Folgen der Ausbreitung des Coronavirus (COVID-19).

Zur Abhilfe von Liquiditätsengpässen, die trotz Kurzarbeitsentschädigung bei von der Schliessung sowie von Nachfragerückgängen betroffenen Unternehmen weiterhin bestehen, hat der Bundesrat heute zusätzliche Unterstützungsmassnahmen beschlossen.

So soll nebst:

The tax treatment of financial restructuring measures can significantly impact a company’s financial position.

Introductory remarks

The coronavirus (COVID-19) is currently causing concern and uncertainty and poses challenges to companies and individuals alike. A number of legal issues are also emerging, whether in relation to contractual obligations, labour law matters or corporate law aspects. This article aims to highlight the most important points from a Swiss law perspective and to clarify legal issues in the elaboration of possible courses of action.

1. Commercial contracts

1.1 Force majeure

Um was geht es?

Dieser Artikel beschreibt in Kürze das freiwillige Liquidationsverfahren einer Gesellschaft aufgrund eines Sonderbeschlusses seiner Aktionäre.

Was muss ich tun?

Beschlussfassung der Gesellschafter

Introduction

Switzerland is home to one of the world's largest cryptocurrency ecosystems, the so-called 'Crypto Valley' in the city of Zug. However, with cryptocurrencies growing in popularity, problems are inevitable.

As Switzerland maintains a quite strict legal regime governing the director’s liability, it is immanent for each person holding a board function to know the rules and risks as well the legal consequences in this respect. During the last couple of years Switzerland has introduced various new rules influencing the director’s liability (new transparency rules for management compensations in listed companies, a comprehensive revision of the audit legislation and new statutory rules governing financial accounting), which are mainly applicable for listed companies.

Swiss Civil Procedure Law in a Nutshell (Volume 11 of 12)

This blog series provides litigators and corporate counsel from other jurisdictions with a practical understanding of the mechanics, advantages, and limits of litigation before State Courts in Switzerland.

Enforcement of Money Claims

Money claims are enforced by virtue of the Debt Enforcement and Bankruptcy Law. The creditor may either initiate enforcement by virtue of an ex parte freezing order (attachment) or else by a normal summons to pay.