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

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

of 30 March 1911 (Status as of 1 January 2022)
Art. 820

E. Loss of cap­it­al and over­indebted­ness

 

1 The rel­ev­ant pro­vi­sions on com­pan­ies lim­ited by shares ap­ply to the duty to no­ti­fy in the event of a loss of cap­it­al or the over­indebted­ness of the com­pany and to the com­mence­ment and stay of bank­ruptcy pro­ceed­ings.

2 The court may stay bank­ruptcy pro­ceed­ings at the re­quest of the man­aging dir­ect­ors or of a cred­it­or, in par­tic­u­lar if out­stand­ing ad­di­tion­al cap­it­al con­tri­bu­tions will be paid without delay and there is a pro­spect of re­struc­tur­ing.

 
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