Execution Procedures in Switzerland in Special Consideration of - - PowerPoint PPT Presentation

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Execution Procedures in Switzerland in Special Consideration of - - PowerPoint PPT Presentation

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Execution Procedures in Switzerland in Special Consideration of International Aspects LIC General Assembly June 10 12, 2015 June 12, 2015 Agenda Wesen und Zweck eines Inkassounternehmens Untersttzung der Kunden beim Eintreiben von

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Execution Procedures in Switzerland

in Special Consideration of International Aspects

LIC General Assembly June 10 – 12, 2015 June 12, 2015

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SLIDE 2

Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Agenda

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SLIDE 3

16/06/2015

Agenda

  • Legal Basis – Swiss Debt Enforcement and Bankruptcy Law (SDEBL) of

April 11, 1889

  • Nature of Collecting Money with SDEBL
  • Place of Enforcement Proceedings (Art. 46 ff.)
  • Commencement of Enforcement Proceedings (Art. 67 ff.)
  • Summons to Pay and Objection (Art. 69 ff.)
  • Continuation of Enforcement Proceedings / Seizure of Assets (Art. 88 ff.)
  • Realisation (of Assets) (Art. 116 ff.)
  • Certificate of Shortfall (Art. 149 ff.)
  • Freezing Orders (Art. 271 ff.)
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SLIDE 4

Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Legal Basis in Switzerland - Swiss Debt Enforcement and Bankruptcy Law (SDEBL)

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SLIDE 5

Legal Basis in Switzerland

  • SDEBL established on April 11, 1889 (oldest still existing Federal Law in

Switzerland)

  • All collection procedures can generally be executed without calling lawyers

(principle of popular application of the law)

16.06.2015

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SLIDE 6

Place of Enforcement Proceedings

  • Debt enforcement take place at the debtor’s domicile (Art. 46)
  • Debt enforcement against a debtor of no fixed abode can be sought at the

place where he happens to be (Art. 48)

  • Debt enforcement against debtors domiciled abroad who have a branch in

Switzerland can, to the extent that they are derived from operations of such branch, be enforced at the place where the branch is situated (Art. 50)

16.06.2015

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SLIDE 7

Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Place of Enforcement Proceedings (Art. 46 ff.)

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SLIDE 8

Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Nature of Collecting Money with SDEBL

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SLIDE 9

Nature of Collecting Money with SDEBL

  • In general it is the creditor who has to initiate and to continue all debt

enforcement actions!!!

  • The application for the commencement of enforcement proceeding is made

to the debt enforcement office.

  • The debt enforcement office does not examine for the substantive

existence of the debt!!!

16.06.2015

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SLIDE 10

Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Summons to Pay (Art. 69)

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SLIDE 11

Summons to Pay

  • Upon receipt of the enforcement request, the enforcement office issues the

summons to pay (Art. 69)

16.06.2015

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Vagaries of the system

  • This procedure hold the fact that everybody can become part of

enforcements, therefore:

  • This procedure must give an instrument to the debtor to contest the claim

in the document “Summons to Pay”

  • Objection

16.06.2015

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Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Objection (Art. 74)

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Objection

  • This procedure hold the fact that everybody can become part of

enforcements, therefore:

  • This procedure must give an instrument to the debtor to contest the claim

in the document “Summons to Pay”, given by the “Objection”

  • The objection interrupts the procedure!!!
  • Art. 74 SDEBL: “If the respondent wishes to file an objection, he must

immediately inform the person serving the summons to thereof or inform the debt enforcement office orally or in writing thereof within 10 days of service.

16.06.2015

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SLIDE 15

Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Continuation of Enforcement Proceedings - Seizure (Art. 88 ff.)

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Continuation of Enforcement Proceedings

  • “If the enforcement proceedings have not been stayed by the filing of an
  • bjection or by court judgment, the creditor may apply for continuation of

the enforcement proceedings at the earliest 20 days after the summons to pay has been served.” (Art. 88 al. 1)

16.06.2015

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Enforcement Proceedings leading to Seizure of Assets

  • “If the debtor is subject to enforcement proceedings leading to the seizure of

assets, the enforcement office must immediately upon receipt of the request for continuation make the seizure or have it made by the enforcement office at the place where the assets to be seized are situated.” (Art. 89)

  • Debtor must (under the threat of penal law sanctions):
  • disclose his assets (including those not in his possession) (keyword:

reservation of ownership)

  • disclose his income(s)

16.06.2015

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Enforcement Proceedings leading to Seizure of Assets (Art. 89 ff.)

  • Effect of the seizure:
  • Debtor must (under the threat of penal law sanctions):
  • disclose his assets (including those not in his possession) (keyword:

reservation of ownership)

  • disclose his income(s)

16.06.2015

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Enforcement Proceedings leading to Seizure of Assets (Art. 89 ff.)

  • Effects of seizure:
  • The debtor is prohibited, under threat of penal law sanctions, from

disposing of the seized assets without the consent of the enforcement

  • fficial.
  • Seizure of the income (information to the employer)
  • seizure of the income to the subsistence level
  • the employer has to pay this part of the salary directly to the

enforcement office.

16.06.2015

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Enforcement Proceedings leading to Seizure of Assets (Art. 89 ff.)

  • Effects of seizure:
  • Seizure will last 12 months only
  • If there is no full payment the creditor will obtain a certificate of shortfall

(coming soon in this presentation)

16.06.2015

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Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Realisation (of Assets) (Art. 116 ff.)

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Realisation (of Assets)

  • Realisation (of Assets):
  • Request for Realisation of the Assets
  • Deadlines:
  • Realisation of seized chattels, claims and other rights: earliest six

months, and the latest one year after seizure

  • Realisation of real estate: earliest six months, and the latest two

years of the seizure.

16.06.2015

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SLIDE 23

Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Certificate of Shortfall (Art. 149 ff.)

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Certificate of Shortfall

  • Causes:
  • Result of a unsuccessful or partly successful seizure
  • Established by the debt enforcement office

16.06.2015

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Certificate of Shortfall

  • Effects:
  • Serves as a recognition of debt
  • Declaration of the loss for the creditor after the enforcement

proceedings

  • Possibility for filing a request for continuation without having to initiate

new enforcement proceedings

  • No interests
  • Statutory limitation 20 years after the establishment

16.06.2015

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SLIDE 26

Wesen und Zweck eines Inkassounternehmens

  • Unterstützung der Kunden beim Eintreiben von

Forderungen (gegen Entgelt)

  • Beratung bei rechtlichen und Inkassofragen zur

Verbesserung des Debitorenmanagement

  • Hoher Geldrückfluss bei der Bearbeitung

16.06.2015

Freezing Orders (Art. 271 ff.)

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Freezing Order

  • Grounds:
  • if the debtor has no fixed domicile
  • if the debtor is concealing his assets, absconding or making

preparations to abscond so as to evade the fulfilment of his obligations

  • if the debtor is passing through or belong to the category of persons

who visit fairs and markets, for claim which by their nature must be fulfilled at once

  • if the debtor does not live in Switzerland, and none of the other

grounds for a freezing order is fulfilled, provided the claim has a sufficient connection with Switzerland or is based on an enforceable court judgment or on recognition of debt pursuant to

  • art. 82 al. 1

16.06.2015

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Freezing Order

  • Effects:
  • The judge notifies the freezing order to an enforcement official or

another official or employee for execution.

  • The articles referring to the seizure of assets apply mutatis mutandis to

the execution of freezing orders

  • The debtor has the frozen assets no longer at his disposal
  • The debtor may file an objection
  • Important: The creditor has to institute the validation of freezing
  • rder!!!

16.06.2015

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Freezing Order

  • Concrete application in collection procedures:
  • if Alphapay has concrete indications of assets (must be specified in

detail), e.g. existing bank account, precious metal in a hiding-place

  • if the debtor has no fixed abode, but has an employment in

Switzerland and the employer is known

  • freeze the part of the salary above the subsistence level

16.06.2015

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Freezing Order

  • Risks:
  • Liability for damage caused by freezing orders!!!
  • “The creditor is liable to the debtor and third parties for damage

suffered as a result of an unjustified freezing order. The judge may

  • rder him to furnish security.
  • Strong formal legal requirements to get the freezing order

16.06.2015

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Questions? Thank you for your attention

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Your Contact

Alphapay AG Neugasse 18 P.O. Box 2601 CH-8021 Zürich www.alphapay.ch

  • lic. iur. Daniel Bucklar

O +41 44 278 18 16 M +41 79 227 59 63 daniel.bucklar@alphapay.ch

_____________________