reto luthiger - corona measures - 2020-04-03.pptx … · 2020-04-07 · •0,5% interest • max 5...

3 April 2020

Financial Support for Crypto Valley Companies & Start-Ups to Face COVID-19 Crisis

COVID-19COVID-19

Dr. Reto Luthiger

Dr. Reto LuthigerAttorney at Law

+41 44 396 91 [email protected] | www.mll-news.com

Senior Associate, Banking & Finance Team

Co-Head Industry Group DLT | Blockchain & Cryptocurrencies

Further Specialities: Financial Market Regulations, FinTech, Compliance, Banking, Securities Law, Payment Services, General Corporate Law and Commercial Law

www.linkedin.com/in/reto-luthiger-63694530/

Agenda

SME-Bridge Loans

Payment Deferrals for Social Security Contributions

CORONA-Measures for SMEs

Meyerlustenberger Lachenal AG, Attorneys at Law www.mll-legal.com │ www.mll-news.com

1 SME-Bridge Loans

4

Restrictionsfor liquidity

purposes only established

before 1/3/2020

max CHF 500M revenues

only one COVID-19-Loan

no support from sports or culture program

COVID-19-Loan

COVID-19-Loan Plus• 85% secured by Swiss Federation• 0,5% interest• max 5 years (plus 2 years) duration• relevant for overindebtedness calculation

CHF 0

CHF 500K

CHF 20Mloan amount = max 10% of annual revenues

• 15% secured by bank

• credit check• interest defined by

bank• additional securities

sufficient to the bank• max 5 years (plus 2

years) duration• relevant for

overindebtednesscalculation

Loan Amount

• 100% secured by Swiss Federation• 0% interest• max 5 years (plus 2 years) duration• not relevant for overindebtedness calculation



1 SME-Bridge Loans:Restrictions for Borrower during Outstanding Loan

5

• No payouts of dividends and royalties• No reimbursements of capital contributions1• No granting of loans• No refinancing of personal or shareholder loans2• No repayment of group loans3• No transfer of secured COVID-19-Loans (Plus) to (in)directly affiliated companies not domiciled

in Switzerland ( cash cash pooling with non-Swiss entities!)4



1 SME-Bridge Loans:Criminal Penalties

6

willfully obtaining a CIVID-19-Loan (Plus) by making

false statementswillful violation of

restrictions in article 6 (3)

Fine of up to CHF 100,000or

penalty for a more serious offence according to the Swiss Criminal Code



1 SME-Bridge Loans:Applying for COVID-19-Loan (up to CHF 500K)

7

go toWebsite

covid19.easygov.swiss

loan agreementCOVID-19-Loan send to bank

electronically(scan-copy)or by mail

agreement incomplete

new completely filledout agreement required

Company Bank Bank Surety Organisation

receipt of loan agreement – surety

successfull

loan agreement is complete

reviews loan agreement

bank pays out the loan amount

source: swissbanking.org

fill outprint outsign



1 SME-Bridge Loans:Applying for COVID-19-Loan Plus (CHF 500K - 20M)

8

source: swissbanking.org

go toWebsite

covid19.easygov.swiss

loan requestCOVID-19-Loan

Plussend to bankelectronically(scan-copy)or by mail

request incomplete

New completely filledout request required

Company Bankreviews request and negotiates

with company the loan agreement

Surety Organisation

grants surety successfully for loan

request

Bank

loan request is complete

bank pays out the loan amount

fill outprint outsign



2 Payment Deferrals for Social Security Contributions

9

• social security insurances in scope:• AHV / IV / EO / ALV (not BVG)

• temporary and interest-free for 6 months• employers and self-employed persons Conditions:

• plausible liquidity problems because of CORONA-19

• obligation to make regular payments on account and an immediate first payment

• social security insurances in scope:• AHV / IV / EO / ALV (not BVG)

Condition:• sum of wages has fallen significantly

Option 1:payment deferral for social security

contributions

Option 2:adjustment of regular contributions on

account

Filing Requestswith your responsible AHV compensation fund (AHV-Ausgleichskasse)

3 April 2020

Thank you for your attendance!

Dr. Reto LuthigerSenior Associate, Banking & Finance Team

Co-Head Industry Group DLT | Blockchain & Cryptocurrencies

Further Specialities: Financial Market Regulations, FinTech, Compliance, Banking, Securities Law, Payment Services, General Corporate Law and Commercial Law

T: +41 44 396 91 77M: [email protected]

https://www.linkedin.com/in/reto-luthiger-63694530/www.mll-legal.com | www.mll-news.com

reto luthiger - corona measures - 2020-04-03.pptx … · 2020-04-07 · •0,5% interest • max 5...

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