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Preventive Restructuring Mechanisms in Austria: More Flexibility Needed? A Practical Analysis of Existing Tools and Possible International Impacts (International Corporate Rescue1)

One of the key questions in corporate restructuring and insolvency practice is how to enable and encourage timely restructuring to prevent the insolvency of companies. The reasoning is simple: Healthy (solvent) companies are usually better for the economy than unhealthy (insolvent) companies. Thus, possible improvements of existing legislation represent an important challenge for Austrian and other national as well as international policymakers.

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