Question juridique clé
Whether the Federal Court had competence to hear the appeal in a priority dispute between two pledge creditors.
Solution extraite
The court lacked competence because the case concerned only a priority conflict over a pledge, and the statutory dispute value of CHF 3,000 was not reached.
Motifs extraits
The dispute concerned only which creditor would be paid first from the pledge proceeds up to the smaller claim. That amount was below the threshold, so federal review was unavailable even if the pledged object itself had a higher value.