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Begriff und Wirkung von Konzernverrechnungsklauseln
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 2192186
Author(s) Handschin, Lukas
Author(s) at UniBasel Handschin, Lukas
Year 2013
Title Begriff und Wirkung von Konzernverrechnungsklauseln
Journal Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht : SZW
Volume 85
Pages / Article-Number 263-274
Abstract Group offsetting clauses are agreements allowing a group-company, which is the debtor of a claim by a third party to meet this claim by offsetting a counterclaim of another group company. In case of bankruptcy of the third party, they can serve as collateral security regarding claims by other group companies. The legal doctrine regarding the validity and enforceability of group offsetting clauses is inconsistent. This essay shows that group offsetting clauses can be structured as contractual substitution-rights (Ersetzungsbefugnis, Alternativermächtigung, facultas a ternativa). This means that the obligation of the thirdparty creditor is limited from the very beginning by the contractual right of the debtor to substitute the payment of the outstanding debt by offsetting (fully or in part) a claim of another group company. The substitution right is a unilateral right of the debtor, which can also be exercised if the creditor of the claim is in bankruptcy and if (as a consequence of this) the counterclaim of the other group company is of no (economic) value.
Publisher Schulthess Juristische Medien
ISSN/ISBN 1662-8705
edoc-URL http://edoc.unibas.ch/dok/A6183969
Full Text on edoc Available
 
   

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