• Swiss brace for liquidations

The Swiss liquidation service in Zurich is on a recruitment drive, in the expectation of a busy 2021. The Ascot Hotel and Swissotel in the city have already permanently closed, as Covid-19 lockdowns bite, reports Reuters.

Across Europe, insolvencies are expected to rise, as government support measures are wound down. In Switzerland, a moratorium on the obligation to report excessive debts has just ended.

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