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. 28 Claims subject to proceedings under civil and administrative law

1Claims that are already the sub­ject of pro­ceed­ings un­der civil or ad­min­is­trat­ive law at the time the bank­ruptcy pro­ceed­ings are opened in Switzer­land must ini­tially be marked in the sched­ule of claims pro me­mor­ia.

2If the bank­ruptcy li­quid­at­or opts not to con­tin­ue the pro­ceed­ings un­der civil and ad­min­is­trat­ive law, he or she shall give the cred­it­ors the op­por­tun­ity to de­mand as­sign­ment in ac­cord­ance with Art­icle 260 para­graph 1 DEBA1.

3Un­less pro­ceed­ings un­der civil and ad­min­is­trat­ive law are con­tin­ued by the bank­ruptcy as­sets or by in­di­vidu­al as­sign­ee cred­it­ors, the claim is deemed to be re­cog­nised, and the cred­it­ors no longer have any right to con­test it via an ac­tion to con­test the sched­ule of claims.

4Where pro­ceed­ings are con­tin­ued by in­di­vidu­al as­sign­ee cred­it­ors, the amount by which the suc­cess of these pro­ceed­ings re­duces the sub­or­din­ated cred­it­ors’ share of the bank­ruptcy as­sets serves to sat­is­fy the as­sign­ee cred­it­ors up to the full cov­er­age of their col­loc­ated claims as well as the cost of the pro­ceed­ings. Any sur­plus ac­crues to the bank­ruptcy as­sets.


1 SR 281.1

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