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Posts tagged #reorganisation plan

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Austrian OGH on Insolvency Reorganisation Plans

Civil Law 

The Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) has clarified important questions with regard to the conditions for the confirmation of reorganisation plans. In the case at hand, the creditors had accepted the debtor’s reorganisati...

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OGH: Time Credits Are not Insolvency Claims

Labour Law 

The Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) has clarified that work time credited to an employee does not constitute an insolvency claim and therefore cannot be reduced by a restructuring plan. The plaintiff had been employed b...

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