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Issues with the recognition of foreign restructuring plans in Switzerland
On 26 March 2021 the High Court in London sanctioned gategroup's Part 26A restructuring plan. The plan also comprised the Swiss law governed bonds, even though they were issued by a Luxembourg entity and guaranteed by the Swiss gategroup parent. The question remains whether bondholders can still enforce the bonds against the Swiss parent according to its original terms or whether the Part 26A restructuring plan prevents the enforcement of such claims in Switzerland?
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Rückgriff des Eigenschadenversicherers – eine neue Ordnung?
In this article, Christian Casanova discusses some important follow-up questions with regard to a recent change of praxis in the Swiss Federal Supreme Court's jurisdiction on the right of recourse of the first-party insurer.