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Austrian Supreme Court clarifies "de facto" managing director’s liability for wrongful trading

Austria - October 5 2021 In a recent ruling, the Austrian Supreme Court has defined de facto managing directors and their obligations and liabilities in connection to wrongful…

Susanne Fruhstorfer

Implementing the Restructuring Directive in Austria

Austria, European Union - June 14 2021 Austria is gearing up to implement the EU Directive on Restructuring and Insolvency (known as the Restructuring Directive). We anticipate that the…

Susanne Fruhstorfer

Austria to implement directive on preventive restructuring frameworks

Austria - April 8 2021 Austria is moving forward with plans to implement the directive on preventive restructuring frameworks. The draft new law implementing the changes was…

Susanne Fruhstorfer

Die Umsetzung der Restrukturierungsrichtlinie in Österreich

Austria - March 17 2021 Das derzeit in der Begutachtungsphase befindliche Restrukturierungs- und Insolvenz Richtlinie-Umsetzungsgesetz (RIRL-UG) soll, wie auch der Name schon…

Susanne Fruhstorfer

How has the second COVID-19 lockdown affected Austria?

Austria - December 10 2020 After a significant increase in COVID-19 infections, Austria entered a second lockdown in November 2020. This forced retail businesses that don't…

Susanne Fruhstorfer