Your team for Swiss Law, Tax & Compliance
Our lawyers, tax experts and notaries are organized under the direction of experienced partners in practice teams, covering all areas of commercial law. Our breadth of practice ensures we have the right team available for every mandate and client. Our offices can be found in Zurich and Basel, the two largest business centers of Switzerland.
Digitisation and Bankruptcy
Digitisation is a driver of transformation in many industries. As business models are collapsing, new development opportunities are being created. The increasing digitisation also imposes new demands on securing claims and assets in the event of a bankruptcy of a business partner. We will support you in finding appropriate solutions.
Bankruptcy proceedings have been opened against my contractual partner – what does that mean for me?
If bankruptcy proceedings are opened against a natural or legal person, all the pledgeable assets form the bankruptcy estate, and the bankrupt loses the power of disposal. What consequences does the opening of bankruptcy proceedings have for the contractual parties?
Digital data in bankruptcy proceedings
For many companies, the outsourcing of data hosting to an external hosting provider is attractive for security and cost reasons. Before sensitive or valuable data is managed externally, however, the management should consider a possible bankruptcy of the hosting provider.
Does Digitisation Lead to Fewer Bankruptcies?
Due to the increasing competition by online shops, the digital revolution has often been associated with an increase in bankruptcies. However, digitisation can also help reduce the risk of insolvency and thus the number of bankruptcies.
Do you still need source code escrow agreements when using Open Source Software? (DE)
Open Source stands for source code that anyone can access and modify. There are hurdles, however, to access all parts of the source code. Better be safe than sorry when it comes to bankruptcy.