Mondaq All Regions - Austria: Insolvency/Bankruptcy/Re-structuring
Schoenherr Attorneys at Law
On 28 June 2017 the Austrian Parliament passed the government's legislative proposal on insolvency law (Insolvenzrechtsänderungsesetz 2017).
Rautner Rechtsanwalte GmbH
Rautner Attorneys-at-Law is pleased to announce that it has just published a new English translation of the Austrian Insolvency Code.
Schoenherr Attorneys at Law
The right to set-off claims and obligations in insolvency proceedings is an important tool for creditors in order to protect themselves against the insolvency risk of a contractual counterparty.
Schoenherr Attorneys at Law
The Hungarian Parliament has adopted a new legal regime setting out debt settlement procedures for private individuals.
TMF Group
The alpine region of Carinthia in Austria faces probable bankruptcy after the central government refused to cover bond guarantees issued for failed lender Hypo Alpe Adria.
Schoenherr Attorneys at Law
In times of financial difficult and a challenging market environment, establishing a restructuring trust provides an insolvency-proof structure.
Schoenherr Attorneys at Law
How does a creditor take security over assets in Austria?
Schoenherr Attorneys at Law
While in other jurisdictions creditors of an insolvent company may swap their debts into equity, creditors in Austria are still confronted with a "take it or leave it" approach as to the proposed quota payment to unsecured creditors.
Schoenherr Attorneys at Law
On October 20 2010 insolvency proceedings were opened against A-TEC Industries AG, the Austrian holding company of industrial group A-TEC.
Jones Day
Austria has implemented radical changes to its insolvency law and introduced a new restructuring proceeding with self-administration (Sanierungsverfahren mit Eigenverwaltung) in its newly adopted Insolvency Code (Insolvenzordnung, or "IO").
Schoenherr Attorneys at Law
As a measure against the economic crisis the Austrian legislator has prepared a reform of the Austrian Insolvency Law. The motto is "restructuring instead of ruining" ("Sanieren statt Ruinieren").
Schoenherr Attorneys at Law
The EU Regulation on Insolvency Law 1346/2000 (EIR) was considered a milestone in the cross-border coordination of national insolvency proceedings.
Schoenherr Attorneys at Law
The proposal includes, inter alia, provisions protecting new and interim financing in restructurings.
Schoenherr Attorneys at Law
The Montenegrin Parliament enacted the Financial Collaterals Act in July 2012, as part of the EU integration process.
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Schoenherr Attorneys at Law
On 28 June 2017 the Austrian Parliament passed the government's legislative proposal on insolvency law (Insolvenzrechtsänderungsesetz 2017).
Schoenherr Attorneys at Law
The EU Regulation on Insolvency Law 1346/2000 (EIR) was considered a milestone in the cross-border coordination of national insolvency proceedings.
Schoenherr Attorneys at Law
The proposal includes, inter alia, provisions protecting new and interim financing in restructurings.
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