Federal Act on the Amendment of the Swiss Civil Code (OR)

Art. 333bOR from 2023

Art. 333b 3. Transfer of the company on insolvency ⁽¹⁾

If the company or part thereof is transferred during a debt restructuring moratorium, in the course of bankruptcy proceedings or under a composition agreement with assignment of assets, the employment relationship with all rights and obligations is transferred to the acquirer if this has been agreed with the acquirer and the employee does not object to the transfer. In addition, Article 333, with the exception of its paragraph 3, and 333a apply mutatis mutandis.