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In practice, most large companies are structured as corporate groups. Corporate groups are recognised and in certain areas regulated by Swiss law (eg, accounting). However, there is little case law discussing the characteristics of corporate groups, particularly the liability of group executives. In a recent decision in the context of the collapse of the Swissair Group in 2001, the Federal Supreme Court commented on the liability of directors and board members in corporate groups. Facts In the late 1990s, Switzerland s national airline Swissair was transformed into a group structure in which SAirGroup AG acted as the group holding company, while Swissair Schweizerische Luftverkehr-Aktiengesellschaft (Swissair), a subsidiary of SAirGroup, was responsible for flight operations. Further, in order to ensure group-wide liquidity, a zero balancing cash pooling was introduced in which the Dutch SAirGroup Finance (NL) BV (Finance BV) acted as pool leader. ....