Document background
The Debt Waiver Agreement is a critical instrument in Swiss financial and corporate practice, used when a creditor decides to formally and voluntarily relinquish their right to collect a debt. This document becomes relevant in various scenarios, including corporate restructuring, debt workouts, or as part of larger financial arrangements. The agreement must comply with Swiss law, particularly the Swiss Code of Obligations (OR) Article 115, and should address potential tax implications under Swiss Federal Tax Law. It typically includes detailed information about the original debt, the parties involved, the scope of the waiver, and any conditions attached. The document is particularly important in corporate groups, financial institutions, and debt restructuring scenarios, where clear documentation of debt forgiveness is essential for both legal and accounting purposes.
