A NPL symposium at the Hilton Plaza saw renowned full-service business law firm Fellner Wratzfeld & Partner impress with specialist expertise. Founding partner Markus Fellner spoke on current legal issues relating to the sale of loan receivables.

 Fellner Wratzfeld & Partner Rechtsanwälte GmbH is one of the leading law firms in the area of business law, concentrating in particular on banking & finance. This led to the renowned Vienna-based law firm’s presence at a NPL symposium focused on “loan receivables”.

In his presentation, Markus Fellner dealt with the VAT treatment of sales of receivables, typical warranty provisions in agreements on the purchase and sale of receivables and with the issue of which requirements have to be met in order to be able to sell loan receivables without violating banking secrecy.

Markus Fellner: “Our many years of experience with the sale of loan portfolios enabled us to explain some transaction options that are compatible with banking secrecy and also suitable for the sale of receivables not confirmed as enforceable by a court.”