Federal Council did not wish to extend the extraordinary measures against bankruptcy

Bulletin
-
May 4, 2021

Unfortunately, the Federal Council did not wish to extend the extraordinary measures against bankruptcy. Nevertheless, there are solutions in the Swiss legal arsenal that can help save a company in the event of temporary financial difficulties.

Thus, the moratorium on debt restructuring aims to gain time for a sustainable reorganisation while guaranteeing the company's continuation. The debt-restructuring moratorium or the creation of a successor company are also interesting tools in certain cases.

If bankruptcy is unavoidable, it is important to prepare for it in advance in order to avoid liability claims and even criminal sanctions. H&B Law will assist and advise you in this process.

Download the PDF document →
Read the news on our Linkedin page →