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As of 17 July 2021 the EU restructuring directive was implemented in Austria by the new Austrian Restructuring Code (ReC). The ReC allows debtors to enter formal restructuring proceedings...

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.

Almost two decades after being adopted following the model of the World Bank and UNCITRAL for non-possessory registered pledges, the Special Pledges Act was substantially amended at the end of 2016.

The European Union has enacted its first comprehensive harmonisation of insolvency law across member states, establishing common standards for avoidance actions, directors' filing obligations, pre-pack sales, creditor committees, and asset tracing.

Gamechanger or damp squib? It is a project that has been two years in the making – the implementation of the Restructuring Directive.

Director's liability is a recurring issue in both the Austrian and German courts. One reason is that, when a company goes into bankruptcy, its receivers and creditors tend to look for alternative sources of funds...

The EU Regulation on Insolvency Law 1346/2000 (EIR) was considered a milestone in the cross-border coordination of national insolvency proceedings.

Forderungen von Absonderungsgläubigern sind insgesamt auf den Wert der jeweiligen Sicherheit im Zeitpunkt der Bestätigung eines Sanierungsplans begrenzt.

Welcome to our newest edition of Schoenherr's quarterly to the point: finance newsletter (read online)! Every quarter we present a selection of legal developments in finance, corporate finance...

By outsourcing production of major parts of car components, carmakers have also outsourced a substantial amount of their financing needs and associated risks to their suppliers.

Das in der Exekutionsordnung geregelte Zwangsvollstreckungsrecht ist trotz zahlreicher kleinerer Reformen in die Jahre gekommen.

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").

Austria is gearing up to implement the EU Directive on Restructuring and Insolvency (known as the Restructuring Directive).

Das Auftreten des Coronavirus in Österreich hat trotz aller behördlichen Bemühungen Unsicherheit und Informationsbedarf verursacht.

The current economic situation is causing an increasing number of lessees to have concerns about the financial situation of their lessors and the stability of their lease rights.

Am 23.02.2021 wurde der lang erwartete Entwurf der Restrukturierungsordnung veröffentlicht. Mit dem Entwurf soll die Richtlinie (EU) 2019/1023 (RestrukturierungsRL) in Österreich umgesetzt werden.

Earlier this year, a sub-group of the IBA's Committee on Arbitration, published its Toolkit on Insolvency and Arbitration (the ‘Toolkit').

Insolvency practitioners, including insolvency administrators, often face a debtor who...