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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

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…

Personal insolvency: new regulations coming into force November 2017

Austria - September 4 2017 The regulations governing personal insolvency in Austria will change on 1 November 2017. Whilst generally the regulations remain somewhat the same…

Susanne Fruhstorfer

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…

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