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Swiss Civil Code
of 10 December 1907 (Status as of 1 January 2023) 2018 401; 2020 4005; 2021 312, 565, 917; 2022 109, 551
Art. 898
IV. Effect
1 If the debtor is in default and fails to provide sufficient security, the creditor is entitled to realise the retained object in the same manner as a pledged chattel after notifying the debtor.
2 Where retained registered securities are to be realised, the debt enforcement or bankruptcy official must take the necessary steps on the debtor’s behalf.