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. 24 Groups of creditors

1Where a joint claim against the bank ex­ists, the group shall be treated as a cred­it­or in its own right, sep­ar­ate from its in­di­vidu­al mem­bers.

2Solid­ary claims shall be at­trib­uted to the solid­ary cred­it­ors in equal shares, provided the bank has no set­ting-off right. The shares are treated as claims on the part of each in­di­vidu­al solid­ary cred­it­or.

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