Art. 170 PILA from 2022
Art. 170 III. Legal effects
1 Unless otherwise provided in this Act, the recognition of a foreign bankruptcy decree subjects the debtor’s assets located in Switzerland to the legal consequences of bankruptcy according to Swiss law.
2 The limitation periods under Swiss law start to run from the publication of the decision granting recognition.
3 The bankruptcy shall be conducted by summary procedure unless the foreign bankruptcy administrator or a creditor in accordance with Article 172 paragraph 1 requests the bankruptcy office to conduct the ordinary procedure before the distribution of the available assets and provides sufficient security for the anticipated unrecoverable costs. (1)
(1) Amended by No I of the FA of 16 March 2018, in force since 1 Jan. 2019 (AS 2018 3263; BBl 2017 4125).Es besteht kein Anspruch auf Aktualität und Vollständigkeit/Richtigkeit.
