Coronavirus: Federal Council adopts dispatch on new Joint and Several Guarantee Act
Bern, 18.9.2020 - During its meeting on 18 September 2020, the Federal Council adopted the dispatch on the new COVID 19 Joint and Several Guarantee Act. This aims to incorporate the COVID 19 Joint and Several Guarantee Ordinance into ordinary law. The Joint and Several Guarantee Ordinance is an emergency ordinance that applies only until 25 September 2020. However, as it will take many more years for the credits to be repaid, a federal law is needed for dealing with the credits and sureties. The participants in the consultation viewed the proposal in a positive light.