Ordinance of the Swiss Financial Market Supervisory Authority on the Insolvency of Banks and Securities Dealers

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 22 Continuation of ongoing proceedings under civil and administrative law

1The bank­ruptcy li­quid­at­or shall as­sess claims on the part of the bank­ruptcy as­sets that are already the sub­ject of pro­ceed­ings un­der civil and ad­min­is­trat­ive law at the time the bank­ruptcy pro­ceed­ings are opened and sub­mit a re­quest to FINMA for the con­tinu­ation of these pro­ceed­ings.

2If FINMA re­jects a re­quest for con­tinu­ation, the bank­ruptcy li­quid­at­or shall give the cred­it­ors the op­por­tun­ity to de­mand as­sign­ment of their right to con­tin­ue pro­ceed­ings with­in the mean­ing of Art­icle 260 para­graphs 1 and 2 DEBA1 and set a reas­on­able dead­line for this pur­pose.

1 SR 281.1

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