23 August 2018
Court System and Legal Profession
Swiss Civil Procedure Law in a Nutshell (Volume 1 of 12)
This blog series provides litigators and corporate counsel from other jurisdictions with a practical understanding of the mechanics, advantages, and limits of litigation before State Courts in Switzerland.
15 May 2018
Forum Running – Switzerland takes the lead
The Swiss Federal Supreme Court reduces the requirement for the legal interest in a declaratory judgment in an international context and thereby allows proceedings to be moved to Switzerland by means of actions for negative declaration.
20 March 2018
I don't agree with the schedule of claims – what now?
Schedule of claims – What is it all about?
Once bankruptcy proceedings have been opened over a debtor, the bankruptcy administration must prepare an inventory to determine the extent of the bankruptcy estate. By means of public notice, the creditors and debtors of the bankrupt are requested to come forward (so-called call for claims). Within one month, the creditors must file their claims or other demands against the bankrupt with the bankruptcy administration. Subsequently, the bankruptcy administration draws up a list of claims.
The bankruptcy administration checks the registered claims and decides whether it recognizes them and, if so, in what amount and rank. Based on these decisions, it draws up the schedule of claims. It is a schedule showing the order in which the claims of the various creditors should be satisfied. The rejected demands are also marked on the schedule of claims, together with the reason for the rejection.