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.
En raison de la situation exceptionnelle liée à la pandémie du coronavirus, le Conseil fédéral a ordonné une suspension temporaire des poursuites. Cette suspension des poursuites aura effet du 19 mars 2020 au 4 avril 2020 et sera immédiatement suivie par les féries de poursuite qui durent du 5 avril au 19 avril 2020. Nous répondrons ci-dessous à quelques questions pratiques sur le droit des poursuites et faillites en temps de crise du coronavirus.
1. Que signifie « suspension des poursuites » ?
On April 16, 2020, the Swiss Federal Council enacted the COVID-19 Insolvency Ordinance. One of its main goals is to relieve pressure on executive bodies of Swiss entities to request the opening of insolvency proceedings. Relief is 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.
April 2020
138Newsletter No.
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As announced on 9 April 2020, the Swiss Government today adopted measures to prevent a wave of bankruptcies as a result of the COVID-19 pandemic. At the heart of the measures is the suspension of the duty to notify the court in the event of over-indebtedness and a new moratorium designed for SMEs (COVID-19 Moratorium).
Newsletter No. 138 April 2020
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:
