English translation of article 54 of the Swiss Insurance Supervision Act

Execution of the bankruptcy proceedings

Chapter 5: Supervision
Section 2: Protective measures, liquidation and bankruptcy
> Art. 53 Opening of bankruptcy proceedings

This page contains an English translation of the below Article of the Swiss Insurance Supervision Act (ISA) and is part of a web based Swiss ISA commentary in German language. Should you require qualified written legal advice on the ISA from a Swiss lawyer please do not hesitate to contact: Melissa Gautschi

Article 54 of the Swiss Insurance Supervision Act 

Execution of the bankruptcy proceedings

1 The bankruptcy order shall have the effects of the opening of bankruptcy proceedings pursuant to articles 197 - 220 DEBA.

2 The bankruptcy shall be executed according to articles 221 - 270 DEBA, subject to the following provisions.

3 FINMA can issue diverging decrees and orders.
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