Corporate Transformation Management PT
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Extrajudicial & judicial reorganization (AUT/GER)

level of course unit

3rd semester Master: 1st Study cycle

Learning outcomes of course unit

The students:
• can distinguish between judicial and extrajudicial reorganization
• know the legal particularities of out-of-court restructuring
• know the main features of the German ESUG (self-administration and protective shield proceedings)

prerequisites and co-requisites

3rd semester Master: no details

course contents

• Insolvency development and causes of insolvency
• Corporate restructuring
• Restructuring law
• Measures for out-of-court corporate restructuring
• Types of corporate crises
• Overview of the applicable insolvency system
• Basic features of liability law
• Transferable restructuring
• Creditors affected by restructuring
• Risks of failed restructuring
• Equity Substituting Capital Act (EKEG) and prohibited return of capital contributions

recommended or required reading

Deutsches Recht
Hamburger Kommentar zur InsO, 7. Aufl., 2019
Frankfurter Kommentar zur InsO, 9. Aufl., 2018
Hölzle, Praxisleitfaden ESUG, 2. Aufl. 2014 , ZIP-Verlag
Rendels/Zabel, Insolvenzplan, 2. Aufl. 2015, ZIP-Verlag

Österreichisches Recht
Mohr, Franz, (2012), IO, Insolvenzordnung, Wien

assessment methods and criteria

• Module exam (out-of-court & in-court reorganization, preparation of a reorganization report)

language of instruction


number of ECTS credits allocated


eLearning quota in percent


course-hours-per-week (chw)


planned learning activities and teaching methods

The course takes place in dialog with the students. Thanks to their knowledge of Austrian law, they are able to con-tribute well and to learn using and from the differentiation between the regulations in Austria and Germany. Practical examples make the material to be taught clear and understandable.
For the presentation of the special features within the concepts of insolvency as well as over-indebtedness, extensive cases are worked out and discussed with the students, which draw attention to the typical pitfalls.

semester/trimester when the course unit is delivered


name of lecturer(s)

Lothar Scaja, Stefan Waldherr Fritz Ecker, Christian Pindäus

year of study


course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)



Situm Mario
Prof. (FH) DDr. Mario Situm, MBA
Director of Studies
+43 5372 71819 147
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