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Supreme Court Finds Insolvency Related Avoidance Claims Assignable
The Austrian Supreme Court has recently found that insolvency related avoidance claims can be sold.
Austria
9 Oct 2019
2
Management's Liability For Payments Upon Onset Of Insolvency
A financial crisis and situations where insolvency is imminent are not only challenging for a company and its management, but also entail significant liability risks for management in the case of subsequent insolvency proceedings.
Austria
19 Jul 2019
3
New EU Restructuring Directive: A Game Changer For Restructurings?
The list of successful restructurings outside insolvency proceedings is as long as it is confidential.
European Union
26 Jun 2019
4
New Deal For Consumers - A Proposal To Strengthen Collective Redress
The European Commission has just published its comprehensive proposal for the so-called "New Deal for Consumers", which aims to strengthen EU consumer rights and enforcement.
European Union
23 Apr 2018
5
Responsibility To Investigate - An Update On Avoidance Risks
Following the opening of insolvency proceedings, the insolvency receiver typically tries to enlarge the insolvency estate by asserting voidance claims.
Austria
11 Apr 2018
6
Major Changes In Personal Bankruptcy Law
On 28 June 2017 the Austrian Parliament passed the government's legislative proposal on insolvency law (Insolvenzrechtsänderungsesetz 2017).
Austria
4 Jul 2017
7
Recast Of The EU Regulation On Insolvency Law Applicable As Of Today
The EU Regulation on Insolvency Law 1346/2000 (EIR) was considered a milestone in the cross-border coordination of national insolvency proceedings.
European Union
27 Jun 2017
8
Protection Of New And Interim Financings In Restructuring? - The European Commission's Proposal On Early Restructuring And Second Chance
The proposal includes, inter alia, provisions protecting new and interim financing in restructurings.
European Union
28 Nov 2016
9
Upcoming Ban On Speculative Financial Transactions For Public Bodies
The Austrian Federal Government agreed in its 2013-2018 work programme, on the implementation of a nationwide ban on speculative financial transactions for the Federation, the Austrian Federal States, Austrian Municipalities, and other public bodies.
Austria
16 Nov 2016
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