Begriff und Wirkung von Konzernverrechnungsklauseln

Handschin, Lukas. (2013) Begriff und Wirkung von Konzernverrechnungsklauseln. Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht : SZW, Jg. 85. pp. 263-274.

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Official URL: http://edoc.unibas.ch/dok/A6183969

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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.
Faculties and Departments:02 Faculty of Law > Departement Rechtswissenschaften > Ehemalige Einheiten Rechtswissenschaften > Ordinariat Privatrecht, insb. Gesellschafts- und Rechnungslegungsrecht (Handschin)
UniBasel Contributors:Handschin, Lukas C.
Item Type:Article, refereed
Article Subtype:Research Article
Publisher:Schulthess Juristische Medien
Note:Publication type according to Uni Basel Research Database: Journal article
edoc DOI:
Last Modified:31 Dec 2015 10:54
Deposited On:08 Nov 2013 08:29

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