Federal Act on the Amendment of the Swiss Civil Code (OR)

Zusammenfassung der Rechtsnorm OR:

The Swiss Code of Obligations is a central code of Swiss civil law that regulates the legal relationships between private individuals. It includes five books that cover various aspects of contract law, law of obligations and property law, including the formation, content and termination of contracts, as well as liability for breach of contract and tort. The Code of Obligations is an important code of law for business and everyday life in Switzerland, as it forms the basis for many legal relationships and contracts and has been in force since 1912, whereby it is regularly adapted to social and economic developments.

Art. 1162 OR from 2025

Art. 1162 Lapse of authority

¹ The creditors’ meeting may revoke or modify the authority conferred on a representative at any time.

² The authority of a representative appointed under the bond issue conditions may be revoked or modified at any time by resolution of the community of creditors with the consent of the borrower.

³ On application by a bond creditor or the borrower, the court may declare such authority extinguished for good cause.

⁴ Where the representative’s authority lapses for whatever reason, at the request of a bond creditor or the borrower, the court orders the measures necessary to protect the bond creditors and the borrower.