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CERHA HEMPEL Insolvency Newsletter 04/2021

Draft legislation on restructuring relief is waiting in the wings

The long-awaited draft Restructuring Ordinance (Restrukturierungsordnung) was made public just recently. After nearly two years, it is now almost time for the EU Restructuring Directive to be transposed into law in Austria. With a wave of insolvencies looming on the horizon, entrepre-neurs in particular should familiarise themselves with the new law, which is due to come into force as early as mid-July.

The newsletter can be found here.