English translation of article 54d of the Swiss Insurance Supervision Act

Foreign insolvency proceedings

Chapter 5: Supervision
Section 2: Protective measures, liquidation and bankruptcy
> Art. 54c Distribution and completion of the proceedings
< Art. 54e Appeals

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 54d of the Swiss Insurance Supervision Act 

Foreign insolvency proceedings

For the recognition of foreign bankruptcy decrees and insolvency measures as well as the coordination with foreign insolvency proceedings, articles 37f and 37g of the Banking Act of 8 November 1934 shall apply by analogy.