If it subsequently transpires that the resolution of the creditors’ meeting was brought about by dishonest means, at the request of a bond creditor the higher cantonal composition authority may revoke approval in part or in full.
An application for revocation must be filed within six months of the date on which the bond creditors learned of the grounds for challenge.
Revocation may be challenged as unlawful or unreasonable within 30 days before the Federal Supreme Court by the borrower and by any bond creditor, in which case the legal procedure envisaged for matters concerning debt collection and bankruptcy is applicable. Similarly, a refusal to revoke approval may be challenged by any bond creditor who requested such revocation.
0 commentaries
No commentaries are available for this article yet.
Programmatic access
API and MCP access with filters for source type, region, court, legal area, article, citation, language, and date.