COVID-19: Developments in Austrian Restructuring Law
In March and April 2020, several COVID-19 laws were passed in Austria in order to prevent the opening of numerous insolvency proceedings against Austrian companies that were economically healthy before the outbreak of the COVID-19 pandemic.
In the new edition of International Corporate Rescue, an international journal for restructuring and insolvency issues, our partner Dr. Marcus Benes and lawyer Mag. Karoline Hofmann summarize the measures taken in Austrian restructuring law. They also provide a comprehensive overview of Austrian insolvency proceedings, crisis financing, and associated management liability.
Download Article: ICR17-3-9