Art. 154 PILA from 2022

Art. 154 III. Applicable law
1 Companies are governed by the law of the state under which they are organised, provided they fulfil the publicity or registration requirements of that law or, where such requirements do not exist, if they have organised themselves pursuant to the law of that state.
2 A company which does not fulfil these requirements is governed by the law of the state in which it is administered in fact.
Es besteht kein Anspruch auf Aktualität und Vollständigkeit/Richtigkeit.