Questione giuridica chiave
Whether the railway company should receive a grace period under Art. 17 of the Federal Act of 24 June 1874 before liquidation is ordered
Decisione estratta
Yes. The court held that, absent special reasons, the first period under Art. 17 should be six months; no such reasons justified a shorter term here.
Motivazione estratta
The legislative intent was that the initial period should ordinarily last six months. Shorter terms are only justified where special circumstances make liquidation appear unavoidable from the outset.