Document background
The Assignment Of Liabilities Agreement is a crucial document used in various business contexts under Swiss law, particularly during corporate restructuring, debt refinancing, or business transfer scenarios. This agreement enables the formal transfer of debt obligations from one entity to another, ensuring compliance with the Swiss Code of Obligations and other relevant Swiss legislation. It is commonly used when companies need to reorganize their debt structure, during M&A transactions, or as part of group restructuring exercises. The document must carefully address creditor rights, security arrangements, and guarantee mechanisms, while ensuring all necessary consents are obtained and documented. The agreement includes detailed provisions about the liabilities being transferred, payment terms, representations and warranties, and any conditions precedent to the transfer.
