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

¹ Where one party to a bi­lat­er­al con­tract has be­come in­solv­ent, in par­tic­u­lar by vir­tue of bank­ruptcy pro­ceed­ings or ex­e­cu­tion without sat­is­fac­tion, and this de­teri­or­a­tion in its fin­an­cial po­s­i­tion jeop­ard­ises the claim of the oth­er party, the lat­ter may with­hold per­form­ance un­til se­cur­ity has been provided for the con­sid­er­a­tion.

² He may with­draw from the con­tract if, on re­quest, no such se­cur­ity is provided with­in a reas­on­able time.