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Draft law on the restructuring of companies has become necessary because Austria also has to comply with the implementation of an EU directive for pre-insolvency proceedings (by July 2021).
The health crisis brought by the COVID-19 virus has suddenly paralyzed many sectors of the economies in CEE. The impact will be long-lasting. In these times, our clients need support and guidance across their business, however the immediate priority is to manage short to mid-term cash and liquidity needs. The adage that cash is king needs to be communicated not only to the finance departments but also across all business units.