Loan Sales and the Transfer of Cllateral under Austrian Law

Loan Sales and the Transfer of Cllateral under Austrian Law

If receivables are transferred by way of a spin-off or by way of other constructions resulting in a universal succession , the supporting collateral will automatically pass to the legal successor without the necessity of any further measures.This legal analysis deals with the much more complex transfer of collateral in connection with an assignment of loan receivables, which results in a singular succession on an asset-by-asset acquisition basis.