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

¹ The com­pany shall be dis­solved:

1.

in ac­cord­ance with the art­icles of as­so­ci­ation;

2.

by res­ol­u­tion of the gen­er­al meet­ing, to be re­cor­ded in a pub­lic deed;

3.

by the com­mence­ment of in­solv­ency pro­ceed­ings;

4.⁶¹⁹

by court judg­ment if share­hold­ers to­geth­er rep­res­ent­ing at least ten per cent of the share cap­it­al or the votes re­quest its dis­sol­u­tion for good cause;

5.

in the oth­er cases en­vis­aged by law.

² In the case of an ac­tion for dis­sol­u­tion for good cause, in­stead of dis­sol­u­tion, the court may or­der an­oth­er ap­pro­pri­ate solu­tion that is ac­cept­able to those con­cerned.⁶²⁰