Vukmir & Associates, working with the German offices of Taylor Wessing, Reimer Rechtsanwaelte, and White & Case, has advised Ludwig Pfeiffer Hoch- und Tiefbau on the hive-down of all Croatian assets to the newly established Ludwig Pfeiffer Adria and its full sale to Croatian construction companies AMM and Vodoprivreda Vinkovici. Bradvica Maric Wahl Cesarec Skerlev advised the buyers.
Top 5 Insolvency Judgments in 2023
In this article, we'll cover a selection of the TOP 5 Czech insolvency case law from last year.
Ramona Birlog Makes Partner at Firon Bar-Nir in Bucharest
Former Managing Associate Ramona Birlog has been appointed to a Partner position with Firon Bar-Nir during the latest promotion round in the firm's Litigation and Insolvency department.
Violeta Saranciuc and Alexandru Iorgulescu Make Partner at Zamfirescu Racoti Vasile & Partners
Zamfirescu Racoti Vasile & Partners has announced the appointment of Violeta Saranciuc and Alexandru Iorgulescu to the firm's partnership. The two new partners will join the management teams of the international arbitration and restructuring & insolvency departments, respectively.
Rise in Insolvencies Triggers Wave of Related Disputes
Galloping inflation and post-COVID-19 challenges are shaping the litigation market in Austria, with an unparalleled volume of insolvencies feeding into a high rate of litigation. Meanwhile, the Austrian government remains hesitant to implement the European collective redress system.
Slovenia: Amendment to the Insolvency Act Brings Additional Duties to the Management and Supervisory Bodies
On November 1, 2023, the amendment to the Slovenian Insolvency Act (ZFPPIPP-H) entered into force and introduced a series of significant changes that should not be overlooked.
Austria: Success of Reorganization Plan and Out-of-Court Restructurings, Yet Failure of Preventive Restructuring Procedures
Austria implemented Directive (EU) 2019/1023 on preventive restructuring frameworks with the Restructuring Regulation, which came into force on July 17, 2021, and introduced (further) judicial proceedings for preventive restructuring. Practice, however, has shown that the reorganization plan in insolvency proceedings and out-of-court restructuring remain the methods of choice in Austria.