2. Commencement or stay of insolvency proceedings
1 On receiving notification, the court commences insolvency proceedings. On application by the board of directors or by a creditor it may grant a stay of insolvency proceedings where there is a prospect of financial restructuring; in this case the court orders measures to preserve the company’s assets.
2 The court may appoint an administrative receiver and either deprive the board of directors of its power of disposal or make its resolutions conditional on the consent of the administrative receiver. It defines the duties of the administrative receiver.
3 Public notice of the stay of insolvency proceedings is required only where necessary to protect third parties.
1 Inserted by No I of the FA of 4 Oct. 1991, in force since 1 July 1992 (AS 1992 733; BBl 1983 II 745).
VI. Responsabilité pour les organes
La société répond des actes illicites commis dans la gestion de ses affaires par une personne autorisée à la gérer ou à la représenter.
1 Nouvelle teneur selon le ch. I de la LF du 4 oct. 1991, en vigueur depuis le 1er juil. 1992 (RO 1992 733; FF 1983 II 757).
