There is no special legislation concerning the statutory payment periods in general.
However, debtors do not currently have to pay any costs for out-of-court collection measures (e.g. a debt collection agency) for default of payment even if the parties made other arrangements.
In the event of default of payment, a debtor shall not pay more than the statutory interest pursuant to § 1000 (1) ABGB (4% p.a.) if:
- the contract was agreed upon before 1 April 2020;
- the payment is due between 1 April 2020 and 30 June 2020; and
- the reason for the delay in payment is that the debtor's economic capacity has been seriously affected as a result of the COVID 19 pandemic.
There is also a special rule concerning rental payments. The landlord is not entitled to terminate the lease agreement if the tenant is not able to pay the rent due to COVID-19.
In addition, there is a special regulation concerning consumer credit agreements concluded before 15 March 2020. In these cases, it is possible – under certain circumstances – to suspend the lender's claims for three months.