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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").

On 16 December 2020 the European Commission (ECOM) presented its strategy to prevent a future build-up of non-performing loans (NPLs).

The European Commission confirmed that a new public procurement procedure is not re-quired in order to take over of the obligations of the consortium leader (in insolvency) by way of enforcing a joint liability clause.

In times of financial difficult and a challenging market environment, establishing a restructuring trust provides an insolvency-proof structure.

With effect as per 1 July 2013, the Austrian legislator has enacted an amendment to the Limited Liability Companies Act providing primarily for a decrease of the minimum share capital to EUR 10,000, as well as a decrease of the formation costs.

Am 16.06.2021 wurde von der Bundesregierung der Entwurf der neuen Restrukturierungsordnung (ReO), mit der die RL (EU) 2019/1023 (RestrukturierungsRL) umgesetzt wird...

Since 1 July 2013, the costs for the incor­po­ra­tion of an Aus­trian lim­ited lia­bil­ity com­pany have been reduced significantly.

Die sehr hohen Corona-Hilfen in Österreich (mehr als 40 Mrd. Euro) haben zu einem starken Einbruch der Insolvenzen während der letzten beiden Jahre geführt.

On October 20 2010 insolvency proceedings were opened against A-TEC Industries AG, the Austrian holding company of industrial group A-TEC.

Aufgrund der erst kürzlich in Kraft getretenen COVID-19-Notmaßnahmenverordnung sehen sich viele Unternehmen mit einem weiteren „harten" Lockdown konfrontiert. Unternehmen sind gut beraten...

Consequent to the recent COVID-19 Emergency Measures Ordinance, many enterprises are faced with another "hard" lockdown.

On 4 May 2017, the European Commission published its proposal for an amendment of the European Market Infrastructure Regulation (EMIR).

Annexes A and B to the EIR list national insolvency proceedings and practitioners to which the latter Regulation, including its recognition mechanism, applies.

The Montenegrin Parliament enacted the Financial Collaterals Act in July 2012, as part of the EU integration process.

Mit dem am 17.7.2021 in Kraft getretenen Bundesgesetz über die Restrukturierung von Unternehmen wird in Umsetzung einer europäischen Richtlinie ein neues gerichtliches...

The Austrian federal law on the restructuring of companies, which entered into force on 17 July 2021, creates a new judicial pre-insolvency restructuring procedure in implementation of a European...

The list of successful restructurings outside insolvency proceedings is as long as it is confidential.

The tragic situation in Ukraine has given us all pause to appreciate that very little, if anything, can even begin to compare to the tragedies unfolding so close to home.