Bankruptcy & Restructuring Worldwatch
By Mark Meili in Financier Worldwide
The latest issue of "Financier Worldwide" features a panel discussion with international experts in the fields of Bankruptcy & Restructuring as part of which Mark Meili discusses the rising number of bankruptcies in Switzerland, which can largely be attributed to the recent revision of the Swiss Debt Enforcement and Bankruptcy Act. Mark Meili examines the legal obligations of the board of directors in cases of financial distress. Swiss statutory law provides a range of restructuring tools that can help companies successfully achieve a turnaround. In addition, companies should consider using AI-based tools as a supplementary measure, as these can help detect liquidity issues early and assess different restructuring options.