Credit agreements

Credit agreements define the amount, purpose, interest, repayment schedule, fees, covenants, events of default and security package for a loan or facility. Swiss agreements may be governed by general contract law, consumer credit rules where applicable, banking regulation and insolvency considerations. Corporate financings often use detailed representations, undertakings and financial covenants, while consumer loans require particular transparency and affordability checks. Governing law, jurisdiction, assignment rights and enforcement mechanics are central in cross-border lending.