Austria: How insolvency avoidance actions in Austria could be affected by the proposed EU Directive on harmonisation of insolvency law

Avoidance actions are a household staple for insolvency administrators to increase the insolvency estate in Austria. The current European Commission’s Proposal for a Directive (COM (2022)702) now aims to harmonise contestation rights in insolvency across all European member states.

Filed under:
Austria, European Union, Insolvency & Restructuring, CMS Reich-Rohrwig Hainz, European Commission, European Court of Justice
Authors:
Daniela Karollus-Bruner , Anja Cervenka
Location:
Austria, European Union
Firm:
CMS Reich-Rohrwig Hainz