Articles

Results 1 to 5 of 10


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…

Susanne Fruhstorfer

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…

Susanne Fruhstorfer, Anna Geissler

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