New draft of the BMJV

On September 19th 2020, the Federal Government presented the long-awaited draft bill, which, in addition to other changes in legislation relevant to restructuring, is intended to implement the EU directive on the „Preventive Restructuring Framework".

ERSTELLT AM 20. September 2020

The new reorganization instrument - in future called „Stabilization and Restructuring Framework for Enterprises“ (SRR) - is intended to enable companies to restructure without the need for insolvency proceedings, but within a clearly defined legal framework - in coordination with creditors.

We have summarized Article 1 „Law on the Stabilization and Restructuring Framework for Enterprises“ of the draft bill and made an initial assessment of it.

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