Document background
The Master Restructuring Agreement serves as the primary document in corporate restructuring scenarios under Austrian law, typically employed when a company requires significant financial or operational reorganization. This agreement is particularly relevant following the implementation of the EU Restructuring Directive 2019/1023 into Austrian law through the Restructuring Code (Restrukturierungsordnung). The document comprehensively outlines the restructuring plan, including debt modifications, security arrangements, implementation steps, and stakeholder rights. It coordinates multiple parallel agreements and processes, ensuring compliance with Austrian corporate, banking, and insolvency laws while providing a clear framework for the restructuring process. The Master Restructuring Agreement is especially crucial in complex restructurings involving multiple creditor groups, various security interests, and cross-border elements.
