Andreas Howadt
Taylor Wessing
Articles
Auditor liability for delaying insolvency proceedings
Austria - December 1 2016 A recent ruling from the Austrian Supreme Court concerning the liability of auditors in damages for providing an unqualified opinion on an insolvent…
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…
Taking security over goods in Austria
Austria - August 7 2019 If a borrower transfers ownership of certain goods to a lender as security for a loan, the lender is obliged to re-transfer ownership once…
Funds in the insolvency space: recent activity in Germany and Austria
Austria, Germany - July 4 2016 Creditors of an insolvent entity file their claims against the entity with the insolvency administrator (Germany) or insolvency court (Austria). If a…
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…
