Corona Crisis: Amendment of the obligation to file for insolvency in CEE

With the fourth law on COVID-19, the Austrian legislator has suspended the obligation of an overindebted debtor to file for insolvency until 30 June 2020, irrespective of the cause of the over-indebtedness. Some other countries in the CEE region have also adopted measures to combat the consequences of COVID-19 as detailed in the following overview:

Filed under:
Austria, Insolvency & Restructuring, Schoenherr, Coronavirus
Authors:
Miriam Simsa , Ulrike Paukner
Location:
Austria
Firm:
Schoenherr