0065 Credit, Security and Insolvency
ao.Univ.Prof. Mag.Dr Thomas Bachner, LL.M. Ph.D. (Cambridge)
Contact details
Weekly hours
Language of instruction
09/20/23 to 10/02/23
Registration via LPIS
Notes to the course
Day Date Time Room
Tuesday 10/10/23 02:00 PM - 05:00 PM D3.0.235
Tuesday 10/17/23 02:00 PM - 05:00 PM D3.0.235
Tuesday 10/24/23 02:00 PM - 05:00 PM D3.0.235
Tuesday 10/31/23 02:00 PM - 05:00 PM D3.0.235
Tuesday 11/07/23 02:00 PM - 05:00 PM D3.0.235
Tuesday 11/14/23 02:00 PM - 05:00 PM D3.0.235
Tuesday 11/21/23 02:00 PM - 05:00 PM D3.0.235
Tuesday 11/28/23 02:00 PM - 05:00 PM D3.0.235

Insolvency law is a subject which many students find difficult. This course offers a fresh approach to make the subject more accessible.

The course operates at beginners' level and requires no previous knowledge of insolvency law.

Students may reap synergies by attending this elective course jointly with the mandatory PI Insolvenzrecht, yet this is entirely at their discretion.

As added value, the course supports students in developing their English language skills, both in writing and orally.

Learning outcomes

The course enables students

  • to place insolvency in the wider context of commercial considerations about credit and risk;
  • to explain contractual and proprietary instruments to control risk;
  • to understand the functional problems underlying all insolvency law systems;
  • to apply English legal terminology expediently.
Attendance requirements

This course is ‘prüfungsimmanent’ (PI). Accordingly attendance is compulsory.

Absence for up to two hours (120 minutes) in total will be tolerated without the need to offer a justification.

Any further absence will be tolerated if the student can provide a reasonable justification supported by written evidence (e.g. medical attestation).

Teaching/learning method(s)

The course combines elements of a lecture with active participation from the students.

Students are encouraged to participate in a lively debate in class!


25% participation in class

25% written homework (essay)

50% written exam (90')

optional presentation of a case (25% bonus points)


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Recommended previous knowledge and skills


Availability of lecturer(s)
Unit details
Unit Date Contents
1 10.10.


2 17.10.

Credit, risk & security

3 24.10.

Limited liability, legal capital & capital maintenance

4 31.10.

The "twilight period" towards insolvency

5 07.11.

Insolvent estate & insolvency process

6 14.11.

Transaction avoidance

7 21.11.

Rescue vs. liquidation

8 28.11.

Written exam (60')

9 tba

The date(s) for case presentations will be agreed separately with interested students.

Last edited: 2023-09-07