It is precisely in times of crisis that insolvency law is the focus of attention. There have been discussions about various reform options for a long time. This lecture provides an overview of the current draft law on insolvency law (IRÄG) 2009 and puts it in a broader international context.
Born in 1963 in Vienna, Georg E. Kodek studied law at the University of Vienna. He received his judge training and in 1991 was appointed as a judge of the District Court of Inner City. Since 1991 he has served as an expert for the Council of Justice, and 1993 was appointed appointment to the Eisenstadt regional court. Kodek has taught internal justice and trained judgeship candidates and registrars. In 2003 he was appointed as a judge to the higher regional court of Vienna, and in 2006 was nominated to the Supreme Court. In 2007 he was appointed as a professor for Civil and Commercial Law at the University of Vienna.
After years of declining insolvency figures, the year 2009 brings a substantial boost: the procedures opened are double-digit and the number of total insolvencies also increases. In the first nine months, the insolvency situation in Austria was thus 10.5% higher than the comparable period of the previous year, while the opening procedures were even at 17.0%.
Dr. Hans-Georg Kantner was born in 1957 in Vienna, where he attended grammar school and studied law from 1975 to 1979. After his national and international studies he spent several years in the commercial lending business for an Austrian bank before moving to the Credit Protection Association, where he has been a director since 1996 in the area of insolvency.
His professional tasks deal with corporate reorganizations in and outside of insolvency proceedings, bankruptcy and questions of privacy. He regularly publishes articles on these topics, and is also speaker at industry symposiums.
It is precisely in times of crisis that insolvency law is the focus of attention. There have been discussions about various reform options for a long time. This lecture provides an overview of the current draft law on insolvency law (IRÄG) 2009 and puts it in a broader international context.
After years of declining insolvency figures, the year 2009 brings a substantial boost: the procedures opened are double-digit and the number of total insolvencies also increases. In the first nine months, the insolvency situation in Austria was thus 10.5% higher than the comparable period of the previous year, while the opening procedures were even at 17.0%.
