What liability risks exist for the management of a Swiss company in the corporate crisis?
If the last annual balance sheet shows that one-half of the share capital and legal reserves is no longer covered, the board of directors must convene a general meeting without delay and propose financial restructuring measures. Where there is a valid reason for...
When does a Swiss company need to file for insolvency?
Swiss bankruptcy and insolvency law provide only for bankruptcy proceedings triggered either by the debtor and/or its board and management or by any of its creditors. Instead of declaring the debtor bankrupt, the competent court may grant a general stay to give it...
Dr. Philipp Wehler
Dr. Philipp Wehler is an Attorney-at-Law and Partner at Hoffmann Liebs based in Düsseldorf (Germany). He advises clients from all sectors, in particular industrial firms, retail and professional services firms in trademark and unfair competition law, litigation and...
