Free at last? A contract for the ‘professional insured’

As part of a raft of changes to the Swiss Insurance Contract Act, a new amendment
bill makes a vital distinction between consumer cases and large commercial risks

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In an insolvency of a multinational group the debtor’s assets are located in different jurisdictions. To what extent foreign insolvency administrators and creditors of a foreign debtor can access assets located in another jurisdiction depends on the local legal framework. Switzerland currently applies the concept of territoriality, according to which a foreign bankruptcy decree does […]

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