1.1 Corona Relief Fund (for more details check out our legal insight)
Austria, Capital Markets, Competition & Antitrust, Corporate Finance/M&A, Employment & Labor, Healthcare & Life Sciences, Insolvency & Restructuring, Insurance, IT & Data Protection, Real Estate, Tax, Telecoms, Schoenherr, Coronavirus
Status as of 3/11 11:40 am CET
Table of content
Austria, Banking, Capital Markets, Corporate Finance/M&A, Employment & Labor, Healthcare & Life Sciences, Insolvency & Restructuring, Insurance, Public, Real Estate, Tax, Telecoms, Schoenherr, Force majeure, Personal data, Coronavirus, Personal protective equipment, European Securities and Markets Authority, GDPR
While in other jurisdictions creditors of an insolvent company may swap their debts into equity, creditors in Austria are still confronted with a “take it or leave it” approach as to the proposed quota payment to unsecured creditors. The recent insolvencies of large Austrian companies show the inadequacy of Austrian insolvency law in that respect.
Financial crisis just arrives
Austria, Insolvency & Restructuring, Schoenherr, Bond (finance), Shareholder, Debtor, Unsecured debt, Waiver, Market liquidity, Option (finance), Swap (finance), Debt, Refinancing, Corporate bond, Leverage (finance), Lehman Brothers