Article about difficult restructuring with borrower’s note loans published in “der Standard”, Austria

Dr. Roman Hager, LL.M. (act legal Austria) and Dr. Sven Tischendorf, MBA (act legal Germany) have published an article in the Austrian newspaper “der Standard” about difficult restructuring with borrower’s note loans.

Based on the problems of Kika/Leiner’s parent company Steinhoff regarding this particular financing instrument the authors are explaining that all its advantages are accompanied by disadvantages in case of a company’s crisis.

Find the whole article (in German language only) here: https://derstandard.at/2000072709064/Schwierige-Sanierung-mit-Schuldscheindarlehen