Art. 10 Recognition of foreign bankruptcy decrees and measures
1Where FINMA recognises a foreign bankruptcy decree or a foreign insolvency measure in accordance with Article 37g BankA, the provisions of this Ordinance apply to the assets located in Switzerland. 2Even if there are no reciprocal rights, FINMA may meet recognition requests where this is in the interests of the creditors affected. 3It shall determine one insolvency venue in Switzerland and the privileged creditors under Article 37g paragraph 4 BankA. 4It shall give public notice of the recognition and the circle of creditors. |