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Why is this better than parting up the company in bankruptcy court or receivership? (Or whatever the Swiss analog is).
by Redoubts 4y ago
Why is this better than parting up the company in bankruptcy court or receivership? (Or whatever the Swiss analog is).
- kgwgk 4y agoWith this tomorrow will be business-as-usual. Much more than in any other alternative, at least.
- lordnacho 4y agoBecause in a bankruptcy stuff stops. Everyday processes get interrupted, and the administrator needs to tally up the balance sheet and sell off what they can to creditors. It's not just some widget factory, it has connections all over the world but ofc also quite a lot in Switzerland itself. You don't really want one of your two biggest banks to cease trading.
- curiousgal 4y agoNot to mention the CDS/Structured credit market frenzy that would ensue.