{"id":20986,"date":"2025-01-08T14:05:48","date_gmt":"2025-01-08T12:05:48","guid":{"rendered":"https:\/\/www.nexova.ch\/accounting\/umgang-finanziellen-notlagen\/"},"modified":"2025-10-09T20:15:19","modified_gmt":"2025-10-09T18:15:19","slug":"dealing-financial-distress","status":"publish","type":"post","link":"https:\/\/www.nexova.ch\/en\/tax-and-legal\/dealing-financial-distress\/","title":{"rendered":"Dealing with Financial Distress: Underbalance, Capital Loss, and Over-Indebtedness"},"content":{"rendered":"\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h1 class=\"blog-section-title\">Dealing with Financial Distress: Underbalance, Capital Loss, and Over-Indebtedness<\/h1>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1894\" height=\"757\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/Pockets-edited.jpg\" alt=\"\" class=\"wp-image-20969\"\/><\/figure>\n\n\n\n<p><strong>Financial distress can create significant challenges for Swiss businesses<\/strong>. It requires swift action to meet legal obligations and protect the company\u2019s financial wellbeing. <strong>Article 725 of the Swiss Code of Obligations (CO)<\/strong> sets out the responsibilities of directors in managing situations such as underbalance, capital loss, and over-indebtedness. In this article, we define these terms, outline their legal and practical implications, and provide insights to help companies understand and address these situations effectively.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-highlights blog-section highlights\"><div class=\"blog-section-wrap\"><div class=\"blog-highlights\"><h2 class=\"section-title\">Highlights<\/h2><ul class=\"higlight-lists\"><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>Underbalance<\/strong> is when equity is below <strong>share capital <\/strong>and<strong> reserves<\/strong> but above 50% of the total<\/span><\/li><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>Capital loss<\/strong> happens when equity drops below 50% of <strong>nominal share capital<\/strong> and legal reserves<\/span><\/li><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>Over-indebtedness<\/strong> arises when liabilities exceed <strong>total assets<\/strong>, resulting in negative equity<\/span><\/li><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>Directors\u2019 responsibility<\/strong> includes conducting <strong>audits<\/strong>, convening <strong>meetings<\/strong>, and other measures<\/span><\/li><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>2023 reforms<\/strong> emphasize <strong>ongoing solvency<\/strong> monitoring and <strong>stricter<\/strong> compliance obligation<\/span><\/li><\/ul><\/div><div class=\"blog-content-list\"><h2 class=\"section-title\">Content<\/h2><ul class=\"content-lists\"><li class=\"content-list\">Dealing with Financial Distress: Underbalance, Capital Loss, and Over-Indebtedness<\/li><li class=\"content-list\">Highlights &#038; content<\/li><li class=\"content-list\">Overview of the legal framework: Article 725 of the Swiss Code of Obligations (CO)<\/li><li class=\"content-list\">Underbalance<\/li><li class=\"content-list\">Capital loss<\/li><li class=\"content-list\">Over-indebtedness<\/li><li class=\"content-list\">What causes financial distress and insolvency?<\/li><li class=\"content-list\">The responsibility of the board of directors<\/li><li class=\"content-list\">Avoid costly mistakes: partner with Nexova to manage financial challenges<\/li><li class=\"content-list\">FAQ<\/li><li class=\"content-list\">That\u2019s what our customers say<\/li><\/ul><div class=\"more-button\"><span class=\"qicon q-arrow-down\"><\/span><\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Overview of the legal framework: Article 725 of the Swiss Code of Obligations (CO)<\/h2>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"2200\" height=\"880\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/Law_1-edited.jpg\" alt=\"\" class=\"wp-image-20971\"\/><\/figure>\n\n\n\n<p><strong>Article 725 of the Swiss Code of Obligations (CO)<\/strong> serves as the foundation for managing financial distress and insolvency in Swiss companies. It outlines the responsibilities of the board of directors (for <strong>AGs<\/strong>) or the managing directors (for <strong>GmbHs<\/strong>) when a company faces financial difficulties. Specifically, it defines actions to be taken in cases of:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Underbalance<\/strong>: Equity falling below the nominal share capital and legal reserves.<\/li>\n\n\n\n<li><strong>Capital loss<\/strong>: Equity dropping below 50% of share capital and legal reserves.<\/li>\n\n\n\n<li><strong>Over-indebtedness<\/strong>: Liabilities exceeding total assets.<\/li>\n<\/ol>\n\n\n\n<p>Failure to comply with these provisions can lead to severe legal and financial consequences, including <strong>personal liability for directors<\/strong>.<\/p>\n\n\n\n<p>We will now define and explore each of these terms in more detail, outline the practical and legal implications of each in accordance with Article 725 of the CO, and provide practical examples for easier understanding.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Here you can easily calculate the costs of your accounting.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/accounting\/\">Price calculator<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Underbalance<\/h2>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"2200\" height=\"880\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/Submarine_1-edited.jpg\" alt=\"\" class=\"wp-image-20973\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Definition: What is underbalance?<\/h3>\n\n\n\n<p><strong>Underbalance<\/strong>, also referred to as <strong>undercapitalization<\/strong>, occurs when a company\u2019s equity falls below its nominal share capital &nbsp;(including legal reserves) but remains above the critical thresholds that trigger legal obligations. Specifically, this happens when a company\u2019s assets no longer fully cover its share capital and legal reserves but still cover its liabilities and at least 50% of the share capital plus reserves.<\/p>\n\n\n\n<p>Underbalance can be identified by a <strong>\u201closs carried forward\u201d<\/strong> entry in the balance sheet, which reflects the deficit. This indicates that the company\u2019s financial resources are no longer sufficient to support its shareholder contributions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Implications: What should be done in the case of underbalance?<\/h3>\n\n\n\n<p>While <strong>underbalance does not yet require formal legal action<\/strong>, it serves as an early warning sign of potential financial distress. The board of directors should recognize the situation and take proactive steps to remedy the company\u2019s financial health, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Assess the root causes of the financial shortfall.<\/li>\n\n\n\n<li>Develop a strategy to restore equity levels, such as cost-cutting measures, revenue generation, or capital injections.<\/li>\n\n\n\n<li>Closely monitor financial performance to prevent further decline.<\/li>\n<\/ul>\n\n\n\n<p>Failing to act at this stage may allow the situation to worsen, potentially leading to <strong>capital loss<\/strong> or <strong>over-indebtedness<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Underbalance example<\/h3>\n\n\n\n<p><strong>ABC AG<\/strong> has CHF 500,000 in nominal share capital and CHF 100,000 in legal reserves. After a challenging year, the company\u2019s financial statements reveal:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Assets<\/strong>: CHF 600,000<\/li>\n\n\n\n<li><strong>Liabilities<\/strong>: CHF 250,000<\/li>\n\n\n\n<li><strong>Equity<\/strong>: CHF 350,000 (calculated as Assets &#8211; Liabilities)<\/li>\n<\/ul>\n\n\n\n<p>The company\u2019s equity (CHF 350,000) has therefore fallen below its combined nominal share capital and legal reserves (CHF 600,000). However, since it still exceeds 50% of this total, the company is in a state of <strong>underbalance<\/strong> rather than capital loss.<\/p>\n\n\n\n<p><strong>Response<\/strong>:<br>The board of directors of ABC AG should:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Monitor financial performance closely<\/strong> to prevent equity from dropping below 50% of the total nominal share capital and legal reserves, which would escalate the situation to <strong>capital loss<\/strong>.<\/li>\n\n\n\n<li><strong>Assess the reasons<\/strong> behind the financial decline, such as rising costs or declining revenue.<\/li>\n\n\n\n<li><strong>Develop a plan to restore equity levels<\/strong>, such as cost optimization, shareholder contributions, or operational improvements.<\/li>\n<\/ol>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Capital loss<\/h2>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1900\" height=\"760\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2024\/11\/shutterstock_1223677390_2-edited.jpg\" alt=\"\" class=\"wp-image-18356\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Definition: What is capital loss?<\/h3>\n\n\n\n<p><strong>Capital loss<\/strong> occurs when a company\u2019s equity drops below 50% of its nominal share capital and legal reserves. This is a more severe form of financial distress and triggers specific legal obligations under <strong>Article 725a of the CO<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Implications: What are the legal obligations in the case of capital loss?<\/h3>\n\n\n\n<p>According to <strong>Article 725a CO<\/strong>, when capital loss occurs, the board of directors (for an AG) or managing directors (for a GmbH) must:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Convene a general meeting<\/strong>: Inform shareholders of the situation and propose measures to address the financial shortfall if such measures fall within the competence of the general meeting.<\/li>\n\n\n\n<li><strong>Conduct a limited audit<\/strong>: If the company doesn\u2019t already have an external auditor, the most recent annual accounts must undergo a limited audit to ensure the financial statements accurately reflect the company&#8217;s financial position. This requirement does not apply if the board of directors applies for a debt restructuring moratorium.<\/li>\n\n\n\n<li><strong>Implement corrective measures<\/strong>: These may include restructuring, cost reductions, or seeking additional capital from shareholders or external investors.<\/li>\n<\/ol>\n\n\n\n<p>Non-compliance with these obligations can result in <strong>personal liability<\/strong> for the board or management.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Capital loss example<\/h3>\n\n\n\n<p><strong>XYZ GmbH<\/strong> has CHF 1,000,000 in nominal share capital and CHF 200,000 in legal reserves. Over two years, the company incurs significant operating losses, resulting in:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Assets<\/strong>: CHF 700,000<\/li>\n\n\n\n<li><strong>Liabilities<\/strong>: CHF 400,000<\/li>\n\n\n\n<li><strong>Equity<\/strong>: CHF 300,000 (Assets &#8211; Liabilities)<\/li>\n<\/ul>\n\n\n\n<p>The company\u2019s equity (CHF 300,000) is now less than 50% of the combined share capital and legal reserves (CHF 1,200,000). This indicates a <strong>capital loss<\/strong>, triggering legal obligations under Article 725a CO.<\/p>\n\n\n\n<p><strong>Response<\/strong>:<br>The managing directors of XYZ GmbH must:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Convene a <strong>general meeting of shareholders<\/strong> to disclose the situation and propose corrective actions.<\/li>\n\n\n\n<li>Ensure the financial statements undergo a <strong>limited audit<\/strong>, especially if the company has opted out of regular audits. This is not needed if XYZ GmbH applies for a debt restructuring moratorium.<\/li>\n\n\n\n<li>Present solutions such as operational restructuring, cost reductions, or securing additional capital contributions from shareholders.<\/li>\n<\/ol>\n\n\n\n<p>Failure to act in response to capital loss could lead to further financial deterioration and eventually <strong>over-indebtedness<\/strong>.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Here you can easily calculate the costs of your accounting.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/accounting\/\">Price calculator<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Over-indebtedness<\/h2>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1700\" height=\"680\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/Drown_1-1-edited.jpg\" alt=\"\" class=\"wp-image-20975\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Definition: What is over-indebtedness?<\/h3>\n\n\n\n<p><strong>Over-indebtedness<\/strong> occurs when a company\u2019s liabilities exceed its total assets, resulting in negative equity. It signals a critical financial state that typically renders the company insolvent unless immediate steps are taken to restore solvency.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Implications: What are the legal consequences of over-indebtedness?<\/h3>\n\n\n\n<p>According to <strong>Article 725b CO<\/strong>, if over-indebtedness is reasonably suspected, the board or managing directors must immediately:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Prepare interim balance sheets<\/strong>: These must be prepared at both going-concern and liquidation (sales) values and submitted to an auditor for review.<\/li>\n\n\n\n<li><strong>Notify the court<\/strong>: If the auditor confirms over-indebtedness, the board must notify the court to initiate insolvency proceedings, unless:\n<ul class=\"wp-block-list\">\n<li>Creditors agree to subordinate their claims to the extent of the over-indebtedness.<\/li>\n\n\n\n<li>The company can implement immediate restructuring measures to restore solvency within 90 days from the submission of the audited interim accounts provided they don\u2019t further jeopardize the claims of creditors.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Comply with bankruptcy proceedings:<\/strong> If no corrective measures are possible, the court shall open bankruptcy proceedings for the company, with which the board must comply.<\/li>\n<\/ol>\n\n\n\n<p>The law clearly states that in following these steps, the board of directors and external\/licensed auditor <strong>must act with the required urgency<\/strong> (Art. 725b para. 6 CO). Failure to do so can lead to legal consequences, including personal liability for company leadership.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Over-indebtedness example<\/h3>\n\n\n\n<p><strong>Anon AG<\/strong> operates in a highly competitive industry. After losing several clients, the company struggles to meet its financial obligations. Its financial statements reveal:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Assets<\/strong>: CHF 1,500,000<\/li>\n\n\n\n<li><strong>Liabilities<\/strong>: CHF 2,200,000<\/li>\n\n\n\n<li><strong>Equity<\/strong>: CHF -700,000 (negative equity, calculated as Assets &#8211; Liabilities)<\/li>\n<\/ul>\n\n\n\n<p>The company also has CHF 300,000 in legal reserves that cannot offset the negative equity.<\/p>\n\n\n\n<p>The company\u2019s liabilities exceed its assets, resulting in <strong>over-indebtedness<\/strong>. This critical financial state requires immediate legal action under Article 725b CO.<\/p>\n\n\n\n<p><strong>Response:<\/strong><br>The board of directors must:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>Prepare <strong>interim financial statements<\/strong> at both going-concern and liquidation values.<\/li>\n\n\n\n<li>Submit these statements to a <strong>licensed auditor<\/strong> for review.<\/li>\n\n\n\n<li>Notify the <strong>competent court<\/strong> if over-indebtedness is confirmed, unless:\n<ul class=\"wp-block-list\">\n<li>Creditors agree to <strong>subordination agreements<\/strong>, effectively waiving their claims to a degree that restores solvency, or<\/li>\n\n\n\n<li>The company implements immediate and successful restructuring measures to return to solvency.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p>Ignoring these over-indebtedness obligations is serious, and can result in personal liability for directors and potential legal penalties.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">What causes financial distress and insolvency?<\/h2>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1889\" height=\"756\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/Egg_1-2-edited.jpg\" alt=\"\" class=\"wp-image-20977\"\/><\/figure>\n\n\n\n<p>Financial distress, such as capital loss or over-indebtedness, can arise due to various factors, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Poor financial management or oversight.<\/li>\n\n\n\n<li>Prolonged periods of operating losses (due to unfavourable market conditions, poor performance, bad planning, etc.).<\/li>\n\n\n\n<li>Over-leveraging through excessive debt, leading to an inability to cover obligations.<\/li>\n\n\n\n<li>External factors such as economic downturns, political instability, natural disasters or market disruptions.<\/li>\n<\/ul>\n\n\n\n<p>In most cases, situations of financial distress are caused by a <strong>complex combination of the above factors<\/strong> and cannot be attributed to one alone.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Here you can easily calculate the costs of your accounting.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/accounting\/\">Price calculator<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">The responsibility of the board of directors<\/h2>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"2189\" height=\"875\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/Shit_1-edited.jpg\" alt=\"\" class=\"wp-image-20979\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">What is the correct response to financial distress?<\/h3>\n\n\n\n<p>If financial distress arises at any level, be it underbalance, capital loss, or full over-indebtedness, the board of directors have a <strong>responsibility to act decisively in the prescribed manner.<\/strong><\/p>\n\n\n\n<p>This includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Monitoring the company\u2019s solvency<\/strong> and overall financial health on an ongoing basis through regular checks and financial reporting.<\/li>\n\n\n\n<li><strong>Ensuring compliance with the directives mentioned in Article 725 CO<\/strong> for dealing with situations of financial distress and insolvency.<\/li>\n\n\n\n<li><strong>Implementing appropriate corrective measures<\/strong> promptly to restore financial stability.<\/li>\n\n\n\n<li>In the case of over-indebtedness where corrective measures are not reasonably possible, the board of directors should <strong>notify the court to initiate bankruptcy proceedings.<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">What are the consequences of avoiding responsibility?<\/h3>\n\n\n\n<p><strong>It\u2019s essential that the board of directors takes proper responsibility<\/strong> for dealing with the various forms of financial distress such as underbalance, capital loss, and over-indebtedness. Failure to adequately address these situations can result in:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Personal liability<\/strong>: Directors may be held personally responsible for damages resulting from negligence or inaction.<\/li>\n\n\n\n<li><strong>Loss of business<\/strong>: Unaddressed financial issues can lead to insolvency and the liquidation of the company.<\/li>\n\n\n\n<li><strong>Damage to reputation<\/strong>: A company\u2019s reputation and that of the directors can suffer significantly, affecting relationships with creditors, investors, and clients.<\/li>\n<\/ul>\n\n\n\n<p>What\u2019s more, <strong>the directors should never attempt to shirk responsibility through dubious or legally questionable means<\/strong>. Each member can be held accountable for failing to comply with the obligations outlined in Article 725 of the Swiss Code of Obligations, or for not <strong>\u201cacting with the required urgency\u201d (Art. 725b para. 6 CO).<\/strong><\/p>\n\n\n\n<p>Two common examples highlight the risks of attempting to avoid responsibility:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Resignation of the board of directors: <\/strong>Resigning from the board of directors does not absolve a member from liability for events occurring before their resignation, and it removes their ability to influence necessary corrective measures.<\/li>\n\n\n\n<li><strong>Revocation of a shareholder loan: <\/strong>Attempting to repay shareholder loans when a company is nearing bankruptcy is ill-advised, as such payments can be contested in bankruptcy proceedings and may lead to criminal liability for favoring certain creditors.<\/li>\n<\/ol>\n\n\n\n<p>These examples illustrate why it\u2019s crucial for directors to act responsibly and in compliance with their legal duties when addressing situations of underbalance, capital loss, and over-indebtedness. Not doing so can only exacerbate the company\u2019s challenges, as well as expose directors to significant personal and legal risks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What was the impact of the 2023 revisions to the stock corporation law?<\/h3>\n\n\n\n<p><strong>The <a href=\"https:\/\/www.nexova.ch\/en\/tax-and-legal\/new-stock-corporation-law-what-are-the-relevant-changes-for-smes\/\" target=\"_blank\" rel=\"noreferrer noopener\">2023 revisions to the Swiss Stock Corporation Law<\/a><\/strong> introduced significant changes to corporate governance, particularly focusing on clarifying and strengthening the obligations of board members to act promptly in cases of imminent insolvency and financial distress. These revisions emphasize <strong>personal liability for non-compliance<\/strong>, making it imperative for directors to act with diligence and urgency.<\/p>\n\n\n\n<p>Key changes include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ongoing solvency monitoring<\/strong>: The board of directors is now explicitly required to monitor the company\u2019s solvency on an ongoing basis, enabling them to identify risks of insolvency early and take appropriate action (Art. 725 CO).<\/li>\n\n\n\n<li><strong>Enhanced auditing requirements<\/strong>: In the event of capital loss, the law outlines new auditing obligations to ensure financial transparency and accurate assessment (Art. 725a para. 2 CO).<\/li>\n\n\n\n<li><strong>Stricter subordination agreement standards<\/strong>: The reforms introduce stricter requirements for qualifying subordination agreements, which can facilitate out-of-court restructuring. These agreements allow companies to avoid notifying the court of insolvency and undergoing bankruptcy proceedings, provided certain conditions are met.<\/li>\n\n\n\n<li>These are just a few examples which highlight the effects of the 2023 reforms, which ultimately reinforce the board\u2019s responsibility to act decisively and appropriately in the face of potential insolvency.&nbsp;<\/li>\n<\/ul>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n    <section class=\"wp-block-qweb-blog-conclusion blog-section conclusion\">\n        <div class=\"blog-section-wrap\">\n                            <h2 class=\"blog-section-title\">Avoid costly mistakes: partner with Nexova to manage financial challenges<\/h2>\n            \n                            <figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1080\" height=\"602\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2026\/02\/Team_Patch_G2.jpg-1900x1059.jpg\" class=\"nexova-team-img nexova-green\" alt=\"Team_Patch_G2.jpg\" loading=\"lazy\" \/><\/figure>\n            \n            <div class=\"blog-section-content\">\n\n<p>Competent handling of financial distress requires expertise, precision, and most importantly, <strong>a proactive approach to identifying and resolving issues before they escalate<\/strong>. As a trusted digital fiduciary and expert accounting provider, Nexova offers personalized solutions for Swiss companies facing financial challenges like underbalance, capital loss, and over-indebtedness<strong>.<\/strong><\/p>\n\n\n\n<p><strong>This includes<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Proactive financial monitoring<\/strong>: Our systems and experts work to detect early signs of underbalance, giving you the insights needed to act before the situation becomes critical.<\/li>\n\n\n\n<li><strong>Expert guidance<\/strong>: Whatever financial challenges you\u2019re facing, Nexova provides clear, actionable advice to help you comply with Swiss legal requirements and implement effective solutions.<\/li>\n\n\n\n<li><strong>Comprehensive compliance solutions<\/strong>: Staying compliant with Swiss law is essential, particularly in times of financial distress. Nexova ensures your financial reporting and governance processes meet the standards outlined in the Swiss Code of Obligations, including the latest revisions.<\/li>\n<\/ul>\n\n\n\n<p>By partnering with Nexova, you can better prevent balance sheet deficits and ensure swift, effective responses when challenges do arise. Our approach minimizes risk, protects your company\u2019s reputation, and provides a clear path to financial stability.<\/p>\n\n\n\n<p><strong>Trust Nexova to help you navigate challenges and avoid costly errors. Book a free consultation today.<\/strong><\/p>\n\n<\/div>\n        <\/div>\n    <\/section>\n    \n\n\n<section class=\"wp-block-qweb-blog-faq blog-section faq\"><div class=\"blog-section-wrap\"><h2 class=\"section-title\">FAQ<\/h2><p class=\"tx-large-size\">Answers at a click<\/p><div class=\"blog-faq\"><div class=\"faq-block active\"><div class=\"faq-title\"><h3>What is the difference between underbalance and capital loss?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"display:block\"><strong>Underbalance<\/strong> occurs when equity falls below the company\u2019s share capital and legal reserves but remains above 50% of the combined share capital and legal reserves. <strong>Capital loss<\/strong> refers to equity dropping below 50% of the combined share capital and legal reserves.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>What is the difference between over-indebtedness and insolvency?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\"><strong>Over-indebtedness<\/strong> occurs when a company\u2019s liabilities exceed its assets, resulting in negative equity. This is equivalent to the concept of <strong>balance-sheet insolvency<\/strong>. In addition to balance-sheet insolvency, the broader term \u201cinsolvency\u201d also includes <strong>cash-flow insolvency<\/strong>, which is when a company cannot meet debts as they come due because of liquidity issues, even though they may have sufficient non-liquid assets to cover liabilities. In other words, over-indebtedness is one type of insolvency.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>What role do legal reserves play in financial distress situations?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\">The statutory reserves serve as a financial buffer, protecting creditors and enhancing the stability of the company during challenging times. In Switzerland, companies are required to allocate 5% of their annual profit to the statutory retained earnings reserve until it, together with the capital reserve, reaches 50% of the share capital registered in the <a href=\"https:\/\/www.nexova.ch\/en\/business-management\/commercial-register-rights-and-obligations\/\">commercial register<\/a>. For holding companies, a reduced threshold of 20% applies.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>What are subordination agreements, and how can they help with over-indebtedness?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\">Subordination agreements involve creditors agreeing to subordinate their claims, meaning they agree to rank their claims below the company\u2019s equity. This allows the company to temporarily avoid insolvency proceedings by addressing over-indebtedness on paper.<\/p><\/div><\/div><\/div><\/section>\n\n\n<section class=\"wp-block-qweb-customer-review blog-section customer-review\">\n\t<div class=\"blog-section-wrap\">\n\t\t<div class=\"section-row\">\n\t\t\t<div class=\"section-col title-col\">\n\t\t\t\t<h2 class=\"section-title\">That\u2019s what our customers say<\/h2>\n\t\t\t\t<p class=\"tx-large-size\">Your feedback matters<\/p>\n\t\t\t<\/div>\n\t\t\t<div>\n\t\t\t\t<div class=\"google-rating\">\n\t\t\t\t  <div class=\"map-ico\">\n\t\t\t\t\t<img decoding=\"async\" src=\"\/wp-content\/uploads\/2022\/04\/google-map.svg\" width=\"42\" height=\"60\" alt=\"Google map icon for nexova rating\">\n\t\t\t\t  <\/div>\n\t\t\t\t  <div class=\"rating\">\n\t\t\t\t\t<img decoding=\"async\" src=\"\/wp-content\/uploads\/2022\/04\/five-star.svg\" width=\"180\" height=\"28\" alt=\"nexova rating is 5 star\">\n\t\t\t\t\t<h3>5.0 stars <\/h3>\n\t\t\t\t\t<div>\n\t\t\t\t\t  93 reviews \n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\t\t\n\t\t<div class=\"q_reviews\">\n\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2024\/01\/unnamed-4.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tMarc Perren\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p class=\"p1\">Mr. Merz has a very broad knowledge and was able to help me with all my questions. The conversation was very pleasant and very informative for me. Thank you for your support.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2024\/01\/unnamed-3.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tJ\u00f6rg Buckmann\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p class=\"p1\">Uncomplicated or serious? Both here. A young, smart team is at work here, offering excellent services, highly uncomplicated and competent. Instead of a prestigious reception area, expensive offices and a few small gifts, you offer fast and competent services. For me as a one-man company, this is exactly what I need.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2024\/01\/unnamed-2.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tMartin Gerber\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p class=\"p1\">I have been a Nexova customer for some time now and so far I am very satisfied! Thanks to the digital working methods and high responsiveness of the client managers, little time is lost in the daily process in particular. The prices are also very fair. Nexova handles the annual financial statements for me, including the tax balance sheet. The processes are standardized, which is a great advantage for audits (AHV and taxes). The two founders are two young, innovative guys and very serious.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2024\/01\/unnamed-1.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tFlorian Kreidler\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p class=\"p1\">The friendly and competent Nexova employee was able to answer my questions about company car taxation quickly and specifically. Thank you very much for this!<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2024\/01\/unnamed.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tReto S\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p class=\"p1\">When I founded my company a year ago, I needed a reliable fiduciary partner. In addition to pure accounting, Nexova also offers me very good advice on all aspects of labor law. Thanks to the E-Post solution, I no longer even have to worry about my company mail and can focus purely on my service activities. My contacts at Nexova are always very friendly and pleasant to deal with. The complete package is simply TOP and I can only recommend Nexova!<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/unnamed-8.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tPascal Zumstein\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>Top company &amp; friendly owners. A highly recommended trustee.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/unnamed-7.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tSeb Ur\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>Very good and competent advice!<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/unnamed-5.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tDavid Leu\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>Professionally at a very high level. They are very good with Excel and could also support us with automation of processes.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/unnamed-4.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tStefan Burgener\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>I had a few questions about remote work and was advised super and free of charge. Thank you very much!<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/unnamed-3.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tLuca M\u00e4rki\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>Very good service. Good and competent advice with friendly staff. I can definitely recommend<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/unnamed-2.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tEdward Buchanan\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>The Nexova team is very professional and I felt they always had my best interests at heart. I highly recommend Nexova and will continue to refer my clients to them and trust them with my business.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/unnamed-1.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tJuliam Pantano\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>I am impressed with their outstanding service, especially in the field of accounting services, they demonstrate a professional approach and exceptional attention. As a lawyer, I have found Nexova to be a valuable partner in the financial world.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/unnamed.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tMarie Ospina\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>I had an excellent consultation with Nexova AG regarding withholding tax. Their expertise is remarkably extensive and their guidance was invaluable, I highly recommend their services. A first class experience.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/04\/alan.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tAlan Schuetz\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\tFebruary 8, 2023\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>The Nexova Team is an important partner to our startup, enabling us to pass all of our accounting, tax and payroll duties. We specially value their expertise with Startups and flexibility, which allows us to plan and manage our financials effectively and to focus on the bottom line of our operations.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/04\/raphel.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tRaphael H.\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\tApril 7, 2023\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>We are very satisfied with Nexova as our trustee. Thanks to the Teams group chat, I can always count on very fast response times (of a few minutes). The Teams Chat group is great. With our old trustee, we had to write mails and always had to wait a long time for an answer and on top of that we were charged for every little question. Fortunately, this is not the case with Nexova.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"reviews_col\">\n\t\t\t\t<div class=\"review_wrap\">\n\t\t\t\t\t<div class=\"review_head\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"avatar\" style=\"background-image:url('https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/04\/philip.png')\">\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"title\">\n\t\t\t\t\t\t\t<div class=\"reviewer\">\n\t\t\t\t\t\t\t\tPhilip Reck\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"date\">\n\t\t\t\t\t\t\t\tFebruary 25, 2023\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"google_logo\">\n\t\t\t\t\t\t\t<img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/google.png.webp' width='24'>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"star_rating\">\n\t\t\t\t\t\t<ul class=\"stars\">\n\t\t\t\t\t\t\t<li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li><li><img src='https:\/\/www.nexova.ch\/wp-content\/themes\/Qweb\/Images\/star.png.webp' width='22'><\/li>\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"review_content\">\n\t\t\t\t\t\t<p>Nexova solved my problem with a non-paying tenant quickly and efficiently. I was simply overwhelmed with the situation and glad for the competent legal advice. Nexova handled everything from the reminder with threat of termination, to representation in court, to the police eviction quickly, efficiently and also inexpensively. Many thanks for the valuable help.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"read_more\" style=\"opacity:0;pointer-events: none;\">\n\t\t\t\t\t\t<span href=\"#\" data-collapse='Read more' data-open='Read less'>Read more<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t<div class=\"review-button\">\n\t\t<a href=\"https:\/\/g.page\/r\/Cb30_RVpXzU_EBM\/review\" class=\"btn bold violet btn-with-bg\" target=\"_blank\" rel=\"nofollow\">Submit a review<\/a>\n\t<\/div>\n\t\t<style>\n\t\t\tsection.blog-section.customer-review {\n\t\t\tpadding-left: 10%;\n\t\t\tpadding-right: 10%;\n\t\t\tpadding-top: 4em;\n\t\t}\n\t\t\tsection.blog-section.customer-review .section-row{\n\t\t\t\tdisplay: flex;\n\t\t\t\tjustify-content: space-between;\n\t\t\t}\n\t\t\t.customer-review h2.section-title{\n\t\t\t\tmargin-bottom: 0 !important;\n\t\t\t}\n\t\t\tsection.blog-section.customer-review .google-rating .rating h3{\n\t\t\t\tpadding-bottom: 2px;\n\t\t\t\tfont-size: 19px 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