Banking, Austria updates

Frolicking in the (cash)pool? Hesitant embrace of state-of-the-art cash management
Schima Mayer Starlinger
  • Austria
  • 30 August 2019

The Supreme Court recently dismissed an insolvency administrator's complaint challenging the enforcement of an account pledge provided to a bank as security for a notional cash pool arrangement. The court's guidance on the advantages of cash pooling arrangements and on contractual minimum requirements must be considered when structuring new or reviewing existing cash pool arrangements of any kind.

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