Consequences of coronavirus on Swiss civil proceedings
On the basis of its constitutional authority to legislate by issuing direct orders to maintain public order, the Swiss Federal Council on April 16, 2020 enacted a COVID-19 regulation affecting prevailing judiciary and procedural rules. The regulation sets out the possibilities and requirements for Swiss civil courts to make use of audio and video conferencing instead of the ordinary conduct of proceedings in person as ordinarily prescribed by the Swiss Code of Civil Procedure. These provisions came into effect on April 20, 2020 and are meant to stay in force until September 30, 2020.
New measures in case of imminent or identified over-indebtedness of companies
Last month we showed how companies can restructure and avoid bankruptcy if they run into financial difficulties due to the corona crisis. In the meantime, the Federal Council has enacted new measures to protect companies in the event of imminent or identified over-indebtedness, which are explained here by Daniel Hayek and Mark Meili.
Managing Partner Daniel Hayek of Prager Dreifuss on the dilemma of culture and change
Managing Partner Daniel Hayek talks in an interview with Legal 500 on the dilemma of culture and change.
Consequences of the coronavirus – Contract adjustment and restructuring
With the outbreak of the coronavirus in Switzerland, various legal questions arise for companies, in particular with regard to the validity and amendment of contracts. If insolvency is imminent, measures to prevent bankruptcy are required. The following text provides an overview of the most important points in this context.