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The worst economic disaster since the great depression of 1929 took American and European banks by storm in 2008. The US, EU and Russia, among others, had to step in to save some of their banks from bankruptcy. Even certain German banks, symbols of the country's strength and prosperity, were on the verge of collapsing. Against this backdrop, the purpose of this briefing is to provide a high-level summary of the mechanisms in place to cope with the bankruptcy of a foreign bank in Switzerland.

A recent wave of public offering activity points to a re-opening of the country's equity markets to foreign investment

The rescue of two regional Italian lenders was carried out as a liquidation, not a resolution, which could undermine the credibility of EU rules on bank failures

S Neal McKnight and Presley L Warner, Sullivan & Cromwell

Liu Yue, Jia Yuan Law Offices

Jamie Logie and Jonathon Hannah, Sullivan & Cromwell

Carmelo Raimondo and Alessandra Tubi of law firm Chiomenti examine new Italian rules under Law 130 designed to accelerate the disposal of non-performing loans

Maria Sagrado and Hanny Marpaung, Makarim & Taira S

Aniekan Ukpanah and Onyinye Okafor, Udo Udoma & Belo-Osagie