Extrajudicial & judicial reorganization (AUT/GER)

3rd semester Master: 1st Study cycle

The students: • can distinguish between judicial and extrajudicial reorganization • know the legal particularities of out-of-court restructuring • know the main features of the German ESUG (self-administration and protective shield proceedings)

3rd semester Master: no details

• Insolvency development and causes of insolvency • Corporate restructuring • Restructuring law • Measures for out-of-court corporate restructuring • Types of corporate crises • Overview of the applicable insolvency system • Basic features of liability law • Transferable restructuring • Creditors affected by restructuring • Risks of failed restructuring • Equity Substituting Capital Act (EKEG) and prohibited return of capital contributions

Deutsches Recht Hamburger Kommentar zur InsO, 7. Aufl., 2019 Frankfurter Kommentar zur InsO, 9. Aufl., 2018 Hölzle, Praxisleitfaden ESUG, 2. Aufl. 2014 , ZIP-Verlag Rendels/Zabel, Insolvenzplan, 2. Aufl. 2015, ZIP-Verlag Österreichisches Recht Mohr, Franz, (2012), IO, Insolvenzordnung, Wien

• Module exam (out-of-court & in-court reorganization, preparation of a reorganization report)

German

6

0

3.0

The course takes place in dialog with the students. Thanks to their knowledge of Austrian law, they are able to con-tribute well and to learn using and from the differentiation between the regulations in Austria and Germany. Practical examples make the material to be taught clear and understandable. For the presentation of the special features within the concepts of insolvency as well as over-indebtedness, extensive cases are worked out and discussed with the students, which draw attention to the typical pitfalls.

3

Lothar Scaja, Stefan Waldherr Fritz Ecker, Christian Pindäus

2

1

integrated lecture

Compulsory

none