Position of a bank within legal framework for financial restructuring of companies in Slovenia, Croatia and Austria

摘要

The fundamental research question answered by the authors is as follows: Does the legal framework of financial restructuring in Slovenia put the bank, as a creditor, in a worse position than the legal framework in Austria and Croatia? The approach authors have used is a comparative analysis of the key features of the legal frameworks regarding financial restructuring process, whereby the differences in the position of the creditor (bank) according to the Austrian, Croatian and Slovenian legislation were determined. Findings of the research can serve as a reference point for policy makers and as a framework for managing bad loans of banks in the future, as well as a support to management of banks for proactively introducing new approaches to managing risks and reducing bad debts.