Steiner AG

Steiner AG, founded in 1915 in Zürich, was originally a carpentry workshop and developed over the years into a significant general contractor in the construction sector. On June 6, 2024, Steiner AG applied for a provisional debt-restructuring moratorium, an important step toward legal reorganization prior to insolvency proceedings. This situation was confirmed by the District Court of Zürich, which on February 6, 2025 granted the definitive debt-restructuring moratorium. Since then, the definitive administrator, Wicki Partners AG, has taken over responsibility for the debt-restructuring proceedings. The company experienced considerable growth over the years and was able to realize over 1,500 residential construction projects as well as numerous commercial and infrastructure projects, including prestigious developments such as the Sihlcity and the Prime Tower.

The website of Steiner AG offers continuously updated information about the debt-restructuring proceedings. This information is especially important for creditors and shareholders who are involved in the proceedings. However, the data provided by the administrator is not to be regarded as legally binding and therefore does not replace formal announcements. The call for creditors was published on March 3, 2025, and the deadline for filing claims ended on April 3, 2025. The recognition of claims will be communicated to creditors by mid-February 2026. A debt-restructuring agreement with assignment of assets is to be submitted to the creditors for a vote on July 1, 2026, which means the transition into debt-restructuring liquidation.

The situation of Steiner AG is an example of the challenges that companies in the construction sector face, and reflects the complex legal aspects of Swiss bankruptcy law. The announcement of the creditors' meetings and the associated decisions by the administrator are of central importance for all parties involved in order to understand the progress and the resolution of the proceedings. The location of the corporation in Zürich shows the local roots and the importance of the construction sector in the region.