The enforcement of civil law claims involves litigation costs (eg, court and witness fees). Bankruptcy estates that have no assets cannot cover these costs. Nevertheless, by virtue of the free…
Following the demise of Enron and ensuing US legislation, US companies have introduced mechanisms to safeguard the compliance of their European operations with the new legal framework. Such mechanisms have…
PLC Practical Law Company
The Austrian insolvency law is being reformed; hopefully, the image of insolvency as well.
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