{"id":18568,"date":"2024-11-28T12:40:39","date_gmt":"2024-11-28T11:40:39","guid":{"rendered":"https:\/\/www.haslinger-nagele.com\/?p=18568"},"modified":"2025-01-30T12:53:29","modified_gmt":"2025-01-30T11:53:29","slug":"restructuring-proceedings-insights-into-a-new-development","status":"publish","type":"post","link":"https:\/\/www.haslinger-nagele.com\/en\/restructuring-proceedings-insights-into-a-new-development\/","title":{"rendered":"Restructuring proceedings \u2013 insights into a new development"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Since July 17th, 2021, companies have been able to apply for a restructuring proceeding. The aim is to rescue companies facing financial difficulties and ensure their continued existence. The restructuring proceeding is designed to implement measures that prevent impending insolvency and restore the company to financial health.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.haslinger-nagele.com\/wp-content\/uploads\/2020\/10\/KurzThomas_komprimiert-1206x1206.jpg\" alt=\"Kurz Thomas | Haslinger \/ Nagele, Portrait\" class=\"wp-image-7816\" style=\"width:250px\"\/><figcaption class=\"wp-element-caption\">Thomas Kurz, Partner und Restructuring expert<\/figcaption><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">&#8220;It&#8217;s like going to the dentist: Very often, clients with financial problems come to the lawyer far too late, so that restructuring proceedings are no longer possible because they are already insolvent.&#8221;<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">In view of the first restructuring proceedings initiated in Austria, Thomas Kurz, Partner and restructuring expert, was interviewed by the ORF (The Austrian Broadcasting Corporation) and the daily newspaper Die Presse.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All details on the topic can be found in the following contributions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/on.orf.at\/video\/14252933\/15767650\/ktm-beantragt-sanierungsverfahren-oberoesterreich-heute-vom-26112024\" target=\"_blank\" rel=\"noreferrer noopener\">Ober\u00f6sterreich heute<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.diepresse.com\/19119810\/sanierungsverfahren-fuer-ktm-restrukturierung-fuer-pierer-industrie-was-ist-der-unterschied\" target=\"_blank\" rel=\"noreferrer noopener\">Die Presse<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">For more information on insolvency law and corporate reorganization, please visit: [link]<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/www.haslinger-nagele.com\/r\/insolvenzrecht-unternehmensreorganisation\/\"><img loading=\"lazy\" decoding=\"async\" width=\"1206\" height=\"329\" src=\"https:\/\/www.haslinger-nagele.com\/wp-content\/uploads\/2018\/07\/rettungsring-wasser-1206x329.png\" alt=\"Insolvenzrecht, Unternehmenssanierung | Haslinger \/ Nagele, Illustration: Karlheinz Wasserbacher\" class=\"wp-image-225\" style=\"width:225px;height:auto\" srcset=\"https:\/\/www.haslinger-nagele.com\/wp-content\/uploads\/2018\/07\/rettungsring-wasser-1206x329.png 1206w, https:\/\/www.haslinger-nagele.com\/wp-content\/uploads\/2018\/07\/rettungsring-wasser-500x136.png 500w, https:\/\/www.haslinger-nagele.com\/wp-content\/uploads\/2018\/07\/rettungsring-wasser-768x209.png 768w\" sizes=\"(max-width: 1206px) 100vw, 1206px\" \/><\/a><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.haslinger-nagele.com\/en\/r\/insolvency-restructuring\/\" target=\"_blank\" rel=\"noreferrer noopener\">Insolvency &amp; Restructuring<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Since July 17, 2021, companies have been able to apply for restructuring proceedings. <\/p>\n","protected":false},"author":14,"featured_media":813,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[137,92,31],"class_list":["post-18568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insolvency-restructuring","category-insolvenzrecht-unternehmensreorganisation","category-news"],"acf":[],"modified_by":"Oliver Buchberger","_links":{"self":[{"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/posts\/18568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/comments?post=18568"}],"version-history":[{"count":0,"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/posts\/18568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/media\/813"}],"wp:attachment":[{"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/media?parent=18568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.haslinger-nagele.com\/en\/wp-json\/wp\/v2\/categories?post=18568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}