Bankruptcy And Retention Title

Summary

In U.S. Bankruptcy, a machine bought with a retention of title from Europe may remain the sellers until fully paid. Enforceability depends on jurisdiction and terms. In Vienna, relevant norms are in the Austrian Commercial Code and EU regulations. Consult legal commentaries or a local lawyer for detailed guidance.

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**** if a firm is bankrupt and the firm bought a machine from another firm in europe - what happens to the machine if they agreed on an retention of title
In a bankruptcy situation in the U.S., if a firm purchased a machine with a retention of title agreement from a European company, the machine may still belong to the seller until fully paid. However, the enforceability of such agreements can vary depending on the jurisdiction and specific terms. You may want to consult a lawyer for detailed guidance on this matter.
Is there anything else specific you would like to know about this situation?
yes, where do i find the norms for that legal matter
In Vienna, the norms and regulations regarding retention of title in bankruptcy situations can be found in the Austrian Commercial Code and relevant EU regulations. You might also consider consulting legal commentaries or a local lawyer for a detailed understanding. Would you like help connecting with a lawyer?