Fellner Wratzfeld & Partner has advised approximately 38% of the creditors in the restructuring proceedings of Pierer Industrie on a vote under the Restructuring Ordinance in Austria.
According to FWP, on February 20, 2025, the creditors successfully accepted the restructuring plan of the KTM parent company, along with agreed collateralization measures. This was the first restructuring plan vote in Austria since the law came into force in 2021 to address corporate financial crises.
The FWP team was led by Partner Markus Fellner.
