Regional news: Austria

Rio court draws Sete’s Austrian companies into Brazil bankruptcy after COMI appeal

A court in Rio de Janeiro has ruled that three Austrian affiliates of oil rig leaser Sete Brasil must be subject to the group’s main judicial recovery proceedings under Brazilian bankruptcy law, overturning a previous decision on COMI grounds.

08 September 2016

EU court upholds state aid granted to liquidated company without competitor’s approval

The General Court of the European Union has dismissed an appeal against a European Commission decision to provide state aid to an Italian company in liquidation without consulting an Austrian competitor.

11 March 2016

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