1. Overview
1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions?
The rescue and insolvency of companies incorporated in Switzerland are governed by the Swiss Code of Obligations (CO) and the Swiss Debt Enforcement and Bankruptcy Act (DEBA). The CO and the DEBA generally strike a fair balance between the rights and obligations of debtors and creditors. In 2014, the DEBA was amended to make in-court restructuring options more attractive…