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