CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Austria continues to experience a wave of significant insolvencies, stretching court resources and prompting comparisons to past recessions. Recent legal frameworks have introduced new possibilities for restructuring, though so far with limited uptake. Taylor Wessing Counsel & Head of Insolvency Andreas Howadt examines both the immediate pressures – rising liabilities, high-profile failures, and logistical strains – and the evolving legal environment looking ahead to 2025.
JDP has advised Apleona Group on reorganization of its Polish companies.
Cobalt has advised Creditreform Latvija on a multi-stage reorganization.
E+H has advised Megatech Industries on its reorganization from financial distress and subsequent sale to Italian mobility supplier Sapa. Wolf Theiss, working with Gianni & Origoni, advised Sapa.
Fellner Wratzfeld & Partner has advised approximately 38% of the creditors in the restructuring proceedings of Pierer Industrie on a vote under the Restructuring Ordinance in Austria.
Fellner Wratzfeld & Partner has advised German battery manufacturer Varta in StaRUG restructuring proceedings.
Pohla & Hallmagi has advised Fort Aero on obtaining court approval for its reorganization plan previously approved by creditors.
