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The current Swiss reorganization law goes back to the last major revision of the Bankruptcy and Insolvency Act on 1 January 1997 is in force. The provision of the reorganization law arose as a result of the severe economic crisis in the early 1990s. By the group of experts formulated and the Bundesrat largely accepted proposals to optimize the rehabilitation procedure are aimed in two main directions: on the one hand, it is about the design of an efficient procedure, on the other hand, the equality creditors strengthening of and to be distributed mass by removal of privileges individual creditors be increased. The expert committe has noted that renovations fail in Switzerland often not because of the actual reorganization law, but due to other factors
The current Swiss reorganization law goes back to the last major revision of the Bankruptcy and Insolvency Act on 1 January 1997 is in force. The provision of the reorganization law arose as a result of the severe economic crisis in the early 1990s. By the group of experts formulated and the Bundesrat largely accepted proposals to optimize the rehabilitation procedure are aimed in two main directions: on the one hand, it is about the design of an efficient procedure, on the other hand, the equality creditors strengthening of and to be distributed mass by removal of privileges individual creditors be increased. The expert committee has noted that renovations fail in Switzerland often not due to the actual reorganization law, but due to other factors
Field : Hukuk
Journal Type : Ulusal
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