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As of 1 January 2016, all new foundations under private law are required to register in the Commercial Register, including church foundations and family foundations that were previously exempt from this requirement.
On 16 April 2020, the Federal Council adopted additional temporary measures in relation to the Swiss insolvency and restructuring regime by enacting the COVID-19 Insolvency Ordinance, which took effect on 20 April 2020 for six months and set the following main objectives:
- One of the main goals of the COVID-19 Insolvency Ordinance is to relieve pressure on relevant bodies of Swiss entities to request the opening of insolvency proceedings. Relief is targeted at over-indebtedness situations caused by negative impacts of the COVID-19 pandemic on liquidity, earnings and going-concern prospects.
- Further, the Swiss Federal Council put in place a special COVID-19 moratorium. This moratorium – which replaces the general suspension of debt enforcement proceedings ordered by the Swiss Federal Council earlier in the COVID-19 outbreak, which expired on 19 April 2020 – will facilitate SMEs' simple and pragmatic access to a protective moratorium with less formal requirements.
- Finally, COVID-19 Insolvency Ordinance provides amendments to the general composition proceedings.
Switzerland: the staggered way out of the lockdown - updated FAQs on how to deal with employment matters in times of COVID-19
A number of answers on some of the most frequently asked questions in current times.
Updated on 24 April, 2020.
Key legal measures to think about from a pragmatic point of view to assist commodities traders to face the delicate COVID-19 pandemic period.