{"id":6111,"date":"2021-04-12T05:50:38","date_gmt":"2021-04-12T05:50:38","guid":{"rendered":"https:\/\/hasch.lcmx.at\/newsletter\/newsletter-04-2021-aenderungen-im-insolvenzrecht-rirl-ug-und-reo-eine-erste-darstellung-teil-ii\/"},"modified":"2023-11-30T08:51:39","modified_gmt":"2023-11-30T08:51:39","slug":"newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii","status":"publish","type":"newsletter","link":"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/","title":{"rendered":"NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO &#8211; A FIRST PRESENTATION (PART II)"},"content":{"rendered":"<p><strong>Companies<\/strong> should be given the opportunity to restructure themselves <strong>with the help of a restructuring process<\/strong> before actual insolvency.<\/p>\n<p>&nbsp;<\/p>\n<p>The core of the ministerial draft of the Restructuring and Insolvency Directive Implementation Act (RIRL-UG), which was sent for review on February 23, 2021, or the restructuring regulations (ReO) created with it, is the <strong>restructuring plan<\/strong> in accordance with Sections 23 ff ReO and the associated voting procedure.<\/p>\n<p>The <strong>ReO<\/strong> (Restructuring Regulations), which is due to come into force with the <strong>RIRL-UG<\/strong> (Restructuring and Insolvency Directive Implementation Act), on July 17, 2021, is from <strong>Principle of debtor self-administration<\/strong>\u00a0in order to offer debtors an incentive to take early preventive measures to avert actual insolvency in the event of financial difficulties. Under certain circumstances, however, it is mandatory for the court to appoint a so-called restructuring officer, who is reminiscent of the Austrian restructuring administrator. The\u00a0<strong>voting procedure<\/strong>\u00a0is also subject to mandatory requirements, which differs significantly from a procedure for voting on a restructuring plan in accordance with the provisions of the Insolvency Code (IO).<br \/>\nIn <a href=\"http:\/\/hasch.eu.dedi2098.your-server.de\/files\/Newsletter_04-2021.pdf\"><strong>Part II of our newsletter<\/strong><\/a>\u00a0we will inform you the content details of a restructuring plan, the coordination procedure and a restructuring representative to be appointed.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-6111","newsletter","type-newsletter","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO - A FIRST PRESENTATION (PART II) - Hasch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO - A FIRST PRESENTATION (PART II) - Hasch\" \/>\n<meta property=\"og:description\" content=\"Companies should be given the opportunity to restructure themselves with the help of a restructuring process before actual insolvency. &nbsp; The core of the ministerial draft of the Restructuring and Insolvency Directive Implementation Act (RIRL-UG), which was sent for review on February 23, 2021, or the restructuring regulations (ReO) created with it, is the restructuring...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/\" \/>\n<meta property=\"og:site_name\" content=\"Hasch\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-30T08:51:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/\",\"url\":\"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/\",\"name\":\"NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO - A FIRST PRESENTATION (PART II) - Hasch\",\"isPartOf\":{\"@id\":\"https:\/\/www.hasch.eu\/en\/#website\"},\"datePublished\":\"2021-04-12T05:50:38+00:00\",\"dateModified\":\"2023-11-30T08:51:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/www.hasch.eu\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO &#8211; A FIRST PRESENTATION (PART II)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.hasch.eu\/en\/#website\",\"url\":\"https:\/\/www.hasch.eu\/en\/\",\"name\":\"HASCH UND PARTNER Rechtsanw\u00e4lte f\u00fcr Wirtschaftsrecht in Linz und Wien\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.hasch.eu\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.hasch.eu\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.hasch.eu\/en\/#organization\",\"name\":\"HASCH UND PARTNER Rechtsanw\u00e4lte GmbH\",\"url\":\"https:\/\/www.hasch.eu\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.hasch.eu\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.hasch.eu\/wp-content\/uploads\/2023\/12\/cropped-Hasp-Logo-RGB-NEG.png\",\"contentUrl\":\"https:\/\/www.hasch.eu\/wp-content\/uploads\/2023\/12\/cropped-Hasp-Logo-RGB-NEG.png\",\"width\":512,\"height\":512,\"caption\":\"HASCH UND PARTNER Rechtsanw\u00e4lte GmbH\"},\"image\":{\"@id\":\"https:\/\/www.hasch.eu\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO - A FIRST PRESENTATION (PART II) - Hasch","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/","og_locale":"en_US","og_type":"article","og_title":"NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO - A FIRST PRESENTATION (PART II) - Hasch","og_description":"Companies should be given the opportunity to restructure themselves with the help of a restructuring process before actual insolvency. &nbsp; The core of the ministerial draft of the Restructuring and Insolvency Directive Implementation Act (RIRL-UG), which was sent for review on February 23, 2021, or the restructuring regulations (ReO) created with it, is the restructuring...","og_url":"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/","og_site_name":"Hasch","article_modified_time":"2023-11-30T08:51:39+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/","url":"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/","name":"NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO - A FIRST PRESENTATION (PART II) - Hasch","isPartOf":{"@id":"https:\/\/www.hasch.eu\/en\/#website"},"datePublished":"2021-04-12T05:50:38+00:00","dateModified":"2023-11-30T08:51:39+00:00","breadcrumb":{"@id":"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.hasch.eu\/en\/newsletter\/newsletter-04-2021-changes-in-insolvency-law-rirl-ug-and-reo-a-first-presentation-part-ii\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.hasch.eu\/en\/"},{"@type":"ListItem","position":2,"name":"NEWSLETTER 04-2021: CHANGES IN INSOLVENCY LAW: RIRL-UG AND REO &#8211; A FIRST PRESENTATION (PART II)"}]},{"@type":"WebSite","@id":"https:\/\/www.hasch.eu\/en\/#website","url":"https:\/\/www.hasch.eu\/en\/","name":"HASCH UND PARTNER Rechtsanw\u00e4lte f\u00fcr Wirtschaftsrecht in Linz und Wien","description":"","publisher":{"@id":"https:\/\/www.hasch.eu\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.hasch.eu\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.hasch.eu\/en\/#organization","name":"HASCH UND PARTNER Rechtsanw\u00e4lte GmbH","url":"https:\/\/www.hasch.eu\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.hasch.eu\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.hasch.eu\/wp-content\/uploads\/2023\/12\/cropped-Hasp-Logo-RGB-NEG.png","contentUrl":"https:\/\/www.hasch.eu\/wp-content\/uploads\/2023\/12\/cropped-Hasp-Logo-RGB-NEG.png","width":512,"height":512,"caption":"HASCH UND PARTNER Rechtsanw\u00e4lte GmbH"},"image":{"@id":"https:\/\/www.hasch.eu\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.hasch.eu\/en\/wp-json\/wp\/v2\/newsletter\/6111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hasch.eu\/en\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/www.hasch.eu\/en\/wp-json\/wp\/v2\/types\/newsletter"}],"wp:attachment":[{"href":"https:\/\/www.hasch.eu\/en\/wp-json\/wp\/v2\/media?parent=6111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}