All creditors have to file their claims at court to obtain a pro rata payment. Upon acceptance and fulfilment of the composition proceeding the company will be discharged from all liabilities. A litigation case has to be presented in Austria in writing and in addition orally to the court. In countries with whom Austria has signed treaties on the enforcement of foreign judgment, Austrian court decisions are enforceable and vice versa. Austrian arbitration decisions are therefore valid in any signatory state of the New York Agreement.
Notifications are still necessary in various cases merely for statistical purposes.
Within the European Union free circulation of capital is in force and no restrictions are applied there.