Benko bankruptcy: ABU-Dhabi claim of 191 million euros rejected!

Benko bankruptcy: ABU-Dhabi claim of 191 million euros rejected!

In the bankruptcy proceedings against the Austrian entrepreneur René Benko, a claim of 191 million euros was assumed, which was asserted by a company from Abu Dhabi. This decision was made during an examination statute at the Innsbruck Regional Court, in which the insolvency administrator Andreas Grabenweger completely rejected the claim. A total of around 40 creditors have registered claims of EUR 2.689 billion, but only 45.5 million euros were recognized, which is about two million euros less than at the last day of the day in May, such as [5min.at] (https://www.5min.at/5202508131621/benko-bleben-aus-abu-abu-dhabi reported.

The negotiation, which only lasted about 20 minutes and was not public, revealed the complex interaction between creditors and the insolvency law procedure. Klaus Schaller, the head of the KSV1870 credit protection association, described the list of claims as "dynamic" because some creditors reduced their claims, while other new claims registered. The largest recognized creditor is the Benko private foundation family with around 22.1 million euros, followed by legitimate claims by the tax office in the high single -digit million range.

background of the insolvency proceedings

The bankruptcy proceedings are used to compensate for creditors and debtors and regulate the utilization of the assets and the paying of the debts. In the Benkos case, the creditors are entitled to register their claims to the insolvency administrator, which they have done in this case. However, the majority of the claims remain controversial. Further legal steps are planned because creditors whose demands have not been recognized can fight for their claims in a separate civil process. The deadline for introducing a declaratory action is two months, which means a high level of process for many creditors.

The insolvency administrator also hopes to check two private foundations that are to be attributed to Benko. He encounters legal hurdles, since an appeal against a decision by the regional court to leave the founder rights with Benko's mother Ingeborg failed before the Innsbruck Higher Regional Court. However, the OLG has approved a decent revision at the Supreme Court (OGH) in the case of the "Laura Private Foundation", since it is a matter of substantial legal issues that have national importance, while in the case of the "INGBE Foundation" there was no revision, such as The Press reported.

rights and obligations in the insolvency proceedings

According to the regulations of bankruptcy law, everyone involved must adhere to the specified rights and obligations. The rights of the debtor include, among other things, protection against enforcement from the opening of the procedure and the possibility of exemption from residual debt after a phase of well -being. On the other hand, creditors must register their claims on time and accept protection against enforcement. The insolvency administrator plays a central role in this process because he is responsible for the administration of the assets and examines the claims.

Overall, René Benko's insolvency proceedings remain a complex topic with far -reaching legal implications and the need for everyone involved to take the right steps in order to assert their claims and to maintain their financial interests. Find a lawyer offers comprehensive information about the rights and obligations in the bankruptcy proceedings.