Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ The five-year pre­script­ive peri­od may not be in­voked against a cred­it­or seek­ing sat­is­fac­tion solely from un­di­vided part­ner­ship as­sets.

² Where a part­ner takes over the part­ner­ship’s busi­ness with all its as­sets and li­ab­il­it­ies, he may not in­voke the five-year pre­script­ive peri­od against its cred­it­ors. By con­trast, for part­ners who have left the part­ner­ship, the five-year pre­script­ive peri­od is re­placed by the two-year pre­script­ive peri­od in ac­cord­ance with the prin­ciples gov­ern­ing as­sump­tion of debt; the same ap­plies in the event that a third party takes over the part­ner­ship’s busi­ness with all its as­sets and li­ab­il­it­ies.