Restructuring and insolvency in Austria: an update | fellner wratzfeld partner

Legal Briefing

Measures to mitigate the effects of the Covid-19 pandemic on the Austrian economy On 16 March 2020, the Austrian government imposed drastic measures to contain the SARSCoV2 virus, commonly known as Covid-19. The international Covid-19 crisis resulted in a seven week complete lockdown in Austria, with only ‘critical infrastructure’ such as banks, supermarkets, pharmacies and …