I. BESCHLUSS DES BUNDESRATS VOM 14. OKTOBER 2020
In der Sitzung vom 14. Oktober 2020 hat der Bundesrat beschlossen, die vorübergehenden Massnahmen zur Verhinderung von coronabedingten Konkursen nicht zu verlängern. Gleichzeitig setzte er aber die vom Parlament im Rahmen der Aktienrechtsrevision beschlossene mögliche Verlängerung der provisorischen Nachlassstundung bereits auf den 20. Oktober 2020 in Kraft.
On 16 April 2020, the Swiss Federal Council enacted the COVID-19 Insolvency Ordinance. One of its main goals was to relieve pressure on executive bodies of Swiss entities to request the opening of insolvency proceedings. Relief was targeted at overindebtedness situations caused by negative impacts of the COVID-19 pandemic on liquidity, earnings and going-concern prospects. Further, the Swiss Federal Council put in place a special COVID-19 moratorium which was designed for SMEs. On 14 October 2020, the Swiss Federal Council decided not to extend such measures beyond 19 October 2020.
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.