Due to COVID, the global economy faced unprecedented challenges from 2020 onwards, and Switzerland was no exception. To support companies that suffered significant economic damage from pandemic-related restrictions, the Swiss government implemented extensive hardship measures. These often included direct financial support or liquidity assistance.<\/p>\n
Now that the pandemic has subsided and normalcy is returning, it is crucial to consider the long-term consequences of these support measures.<\/p>\n
Companies that received non-repayable grants, in particular, must be aware of the conditions: these grants often prohibit dividend distributions or capital repayments for a period of three years or until the grant is fully repaid.<\/p>\n
Companies planning a restructuring should be cautious. Many restructurings involve distributions or economically equivalent measures that are typically tax-neutral. In such cases, an unpleasant surprise in the form of a repayment obligation for COVID-19 aid could be lurking.<\/p>\n
At Probst Partner AG, we are ready to help you navigate the complexities of these regulations and ensure that your company is protected and compliant during the restructuring phase.<\/p>\n","protected":false},"excerpt":{"rendered":"
Due to COVID, the global economy faced unprecedented challenges from 2020 onwards, and Switzerland was no exception. To support companies that suffered significant economic damage from pandemic-related restrictions, the Swiss government implemented extensive hardship measures. These often included direct financial support or liquidity assistance. Now that the pandemic has subsided and normalcy is returning, it…<\/p>\n","protected":false},"author":9,"featured_media":8558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[361],"tags":[580,576,581,573,578,582,585,579,577,584,575,574,583],"class_list":["post-8680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state-procedures","tag-administrative-law","tag-aid","tag-corona-pandemic","tag-covid-19","tag-covid-19-support-payments","tag-hardship-measures","tag-non-repayable-grants","tag-public-procurement-law","tag-repayment","tag-repayment-obligation","tag-restructuring","tag-support","tag-support-measures"],"acf":[],"yoast_head":"\n