Switzerland as a Role Model for COVID-19 Restructuring / Insolvency Legislation (INSOL International Newsletter April 2020)

A recently published statement of European insolvency experts declared the emergency measures in the non-EU country Switzerland as a role model for European insolvency legislators. In order to prevent unnecessary bankruptcies, the report calls upon EU and European national legislators to take immediate action to adapt insolvency laws. This article sheds some light on the emergency measures recently enacted by the Swiss Federal Government as well as on the further reforms which are currently being contemplated and are intended to be introduced soon after the Easter break.

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