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Distressed M&A: Swiss companies can use 'composition proceedings' to stay in operation during crisis and rescue profitable business parts

17/02/2021

The COVID-19 crisis is causing financial difficulties for numerous companies. Often, bankruptcy seems to be the only escape. Based on the characteristics of US Chapter 11 proceedings, Swiss restructuring law was revised in 2014 so that judicial composition proceedings...

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Authors

Portrait ofDaniel Jenny
Dr Daniel Jenny, LL.M.
Partner
Zurich
Portrait ofMarjolaine Jakob
Dr Marjolaine Jakob, ArbP
Partner
Zurich