Question juridique clé
Whether the refusal to grant suspensive effect to the bankruptcy appeal was arbitrary under Article 9 of the Constitution.
Solution extraite
No. The president could require the appellant to make the likelihood of a successful challenge to the bankruptcy declaration and the conditions for a further stay at least plausible.
Motifs extraits
Under Article 174(3) LP, suspensive effect is granted in free judicial discretion and only where the bankruptcy decision appears capable of being overturned with some likelihood, while protecting creditors' interests. The cantonal reasoning followed settled doctrine and case law and was therefore not untenable.