Tenderer´s insolvency in public procurement

Insolvenz und Sanierung

ILO Newsletter, 14. März 2014

The 2010 insolvency law reform in Austria aimed to make the law more suitable for financial restructuring. In particular, the revised law introduced tools for facilitating the continuation of companies, such as the sales ban laid down in Section 114b of the Insolvency Code. However, the Federal Procurement Act 2006 does not reflect that intention. 


Alexander

Dr. Alexander Isola

M.C.J. (NYU) Partner
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