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


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Art. 1177

b. Re­quire­ments

 

Of­fi­cial ap­prov­al may be re­fused only where:

1.
the pro­vi­sions gov­ern­ing the con­voc­a­tion of the cred­it­ors’ meet­ing and its ad­op­tion of res­ol­u­tions were in­fringed;
2.
it tran­spires that a res­ol­u­tion in­ten­ded to avert fin­an­cial hard­ship from the bor­row­er was not ne­ces­sary;
3.
the col­lect­ive in­terests of the bond cred­it­ors are not suf­fi­ciently pro­tec­ted;
4.
the res­ol­u­tion was brought about by dis­hon­est means.
 
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