Key legal question
Whether the refusal of suspensive effect to the complaint was arbitrary or an abuse of discretion.
Extracted holding
The cantonal supervisory authority did not act arbitrarily in refusing suspensive effect because the complaint lacked prospects of success.
Extracted reasoning
Suspensive effect under Art. 36 LP depends on discretionary balancing, especially the complaint's chances of success. The commission relied on valid, previously confirmed circulars and on the fact that the creditor's prior assent could not be undone by the assignment of the claim. The appellant's arguments about low sale prices and difficulty obtaining the mortgage note were irrelevant or unsubstantiated.