Offices – Austria
Explore all Offices
Global Reach

Apart from offering expert legal consultancy for local jurisdictions, CMS partners up with you to effectively navigate the complexities of global business and legal environments.

Explore our reach
Insights – Austria
Explore all insights
Expertise
Insights

CMS lawyers can provide future-facing advice for your business across a variety of specialisms and industries, worldwide.

Explore topics
Offices
Global Reach

Apart from offering expert legal consultancy for local jurisdictions, CMS partners up with you to effectively navigate the complexities of global business and legal environments.

Explore our reach
CMS Austria
Insights
About CMS

Select your region

News 14 May 2020 · Austria

Insolvencies in the construction industry as a result of COVID-19

1 min read

On this page

The COVID-19 pandemic is leading to major economic challenges worldwide. In Austria, too, companies in key sectors such as the construction industry have been strongly affected by the crisis. Many companies in the construction industry are currently confronted with declining orders, supply chain interruptions and payment defaults and are suffering losses in sales due to the measures taken to combat the virus, such as construction site closures or plant closures. Therefore, companies involved in construction projects are well advised to know their rights and risks in the event of a contractual partner becoming insolvent in order to take the necessary legal steps and thus be able to exercise their rights in the best possible way.

Under the following download link you will find all details about our service offers [in German]. If you have any questions, please do not hesitate to contact our CMS Key contacts.

Attachment

Insolvenzen in der Bauwirtschaft als Folge von COVID-19