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LAW FIRM FOR INSOLVENCY & RESTRUCTURING IN AUSTRIA

The reasons for a business crisis can be manifold, and the range of relevant areas of law is equally broad: not only questions of insolvency law, but also banking and finance law, labour law, corporate law, and tax law have great relevance in practice.

Our legal advice is primarily aimed at restructuring and reorganisation, not insolvency.

We rely on our many years of experience in restructuring and reorganisation of companies and groups of companies when we provide extensive advice on matters of insolvency law, as well as on reorganisation and restructuring of any kind and scope, to banks and other creditors, debtors and management, potential investors, national and foreign insolvency practitioners, and all other stakeholders.

In debtor representation, we consider our main duties to include preparing an orderly restructuring process, assessing if there is an obligation to file for insolvency, and providing support in drafting a restructuring plan. In bank representation, we also advise banking consortiums in particular on complex and often international restructuring processes. Furthermore, we support creditors in debt collections, enforcing collaterals, and defending against avoidance actions.

We provide advice on all matters of restructuring and insolvency to all stakeholders affected by crisis:

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23/01/2024
Business Breakfast | Insolvenz & Restrukturierung
Business Breakfast
18/01/2024
Austria: How insolvency avoidance actions in Austria could be affected...
Avoidance actions are a household staple for insolvency administrators to increase the insolvency estate in Austria. The current European Commission’s Proposal for a Directive (COM (2022)702) now aims...
10/01/2024
Harmonisation of insolvency avoidance in Europe
This article continues our Law-Now series "Harmonisation of Insolvency Laws in the EU" in which we provide an overview of the articles addressing insolvency avoidance actions of the draft EU directive.As...
06/07/2023
The future of pre-pack sales in Luxembourg
On 7 December 2022, the EU Commission issued a proposal for a directive harmonising certain aspects of insolvency law (the Draft Directive). One key aspect of this Draft Directive is the regulation of...
06/07/2023
Proposal for European rules on pre-pack proceedings should be supported
On 7 December 2022, the European Commission published the Proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law. This Proposal is intended...
27/06/2023
CMS Restructuring Talk: Re­struk­tur­i­er­ungs­ver­fahren - Quo vadis?
Die sehr turbulenten und von viel Unsicherheit geprägten letzten Jahre haben zahlreiche Branchen schwer belastet und führten zu finanziellen Schwierigkeiten bei vielen Unternehmen. Trotz un­ter­schied­lich­er staatlicher Un­ter­stützungs­maß­nah­men sind einige dadurch in eine handfeste Krise ger­utscht. Re­struk­tur­i­er­ungen rücken daher immer mehr in den Fokus. Anders als dies in anderen europäischen Ländern der Fall ist, haben gerichtliche Re­struk­tur­i­er­ungs­ver­fahren nach der ReO bisher in der ös­ter­reichis­chen Praxis jedoch noch keine praktische Relevanz als Instrument zur Beseitigung von Un­ternehmenskris­en gefunden. Bei diesem Event wollen wir uns mit Expert:innen zu Re­struk­tur­i­er­ungen in Österreich austauschen und insbesondere mögliche Verbesserungen und An­wendungs­bereiche der ReO diskutieren.   Agenda 17:00 - 17:30  Re­gis­tri­er­ung17:30 - 18:00  Impulsvortrag: Das Dutch Scheme (Marcel Groenewegen, Partner CMS Nieder­lande)18:00 - 19:00  Po­di­ums­diskus­sion: Re­struk­tur­i­er­ungs­ver­fahren - Quo vadis?Gabriele Schiemer, Wiener Privatbank S.E. Ralf Zeitlberger, Erstegroup, ehemals Leiter Corporate Restructuring, bis 2022 Vorstand von Return, Forum für Re­struk­tur­i­er­ungen­Kurt Lichtkoppler, Partner CONSPECTRA Un­ternehmens­ber­a­tung GmbHMarcel Groenewegen, Partner CMS Nieder­landeMod­er­a­tion:  Stefan Paulmayer und David Kohl, beide Partner bei CMS Österreichab 19 Uhr   Kulinarischer Ausklang und Networking
21/06/2023
Guide to EU Commission proposal on pre-pack sales in Austria
On 7 December 2022, the European Commission published a proposal for a directive for the harmonisation of certain aspects of insolvency laws across EU member states. One of the key elements of this proposal...
20/06/2023
Impact of EU "Pre-pack proceedings" directive in Germany: pre-pack proceeding...
The EU Commission has presented a draft directive on the mandatory inclusion of a "pre-pack proceeding" in national insolvency laws.On 7 December 2022, the European Commission published a draft directive...
15/06/2023
EU proposes Directive on harmonisation of insolvency law
The lack of harmonised insolvency laws has long been regarded as one of the greatest obstacles to the free movement of capital in the EU in general and to cross-border investments, insolvency proceedings...
07/03/2022
EU and UK Sanctions against Russia: a focus on the Financial Sector
In recent days the EU and the UK have adopted and expanded a number of sanctions measures against Russian and Belarusian individuals and companies. This article focuses on restrictive measures directed...
27/02/2022
Handling the new EU and UK sanctions against Russia
Since 2014, the EU and the UK have progressively imposed sanctions on Russia in response to the crisis in Ukraine. Following the latest events, both the EU and the UK, as well as many other countries...
17/06/2021
David Kohl becomes an attorney-at-law at CMS Vienna and continues to focus...
After about two and a half years as an associate, David Kohl has been promoted to an attorney-at-law at CMS in Vienna. The expert, who works in corporate/M&A and insolvency & restructuring, particularly...