Austrian bank creditors refuse haircut on bonds and sue for full repayment
International creditors of a collapsed Austrian banking group have rejected a government proposal for a haircut on their bonds, hiring Kirkland & Ellis and local counsel to sue for their full value - in an act that leaves a debt-ridden Austrian province at risk of insolvency.
To read more
Subscribe to Global Restructuring Review
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now