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Swiss bankruptcy language: Difference between revisions
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{{fullanat|isda|5(a)(vii)|2002}} | {{fullanat|isda|5(a)(vii)|2002}} | ||
Consider adding to the {{isdaprov|Bankruptcy}} definition: | Consider adding to the {{isdaprov|Bankruptcy}} definition: (see [https://www.droit-bilingue.ch/rs/lex/1934/00/19340083-a26-fr-de.html Article 26 of the Swiss Banking Act]): | ||
:“; or (10) in respect of a Swiss bank or a Swiss branch of a bank licensed under the Swiss Federal Act on Banks and Savings Banks (the “'''Swiss Banking Act'''”), it has imposed on it or with respect to it, by the Swiss Financial Market Supervisory Authority: | :“; or (10) in respect of a Swiss bank or a Swiss branch of a bank licensed under the Swiss Federal Act on Banks and Savings Banks (the “'''Swiss Banking Act'''”), it has imposed on it or with respect to it, by the Swiss Financial Market Supervisory Authority: | ||
::(A) protective measures (''Schutzmassnahmen/mesures protectrices'') under Article 26 or other protective measures establishing a payment | ::(A) protective measures (''Schutzmassnahmen/mesures protectrices'') under Article 26(1)(e), (f), (g) or (h) or other protective measures establishing a general payment moratoriumor ordering the termination of its business operations; | ||
::(B) restructuring procedures (''Sanierungsverfahren/procédure d’assainissement'') under Articles 28-32 of the Banking Act or | ::(B) restructuring procedures (''Sanierungsverfahren/procédure d’assainissement'') under Articles 28-32 of the Swiss Banking Act or | ||
::(C) an order for liquidation and the withdrawal of its banking license under the Swiss Banking Act”.” | ::(C) an order for liquidation and the withdrawal of its banking license under the Swiss Banking Act”.” | ||