International lenders want to disempower the management of the insolvent real estate company Signa Prime. The distrust of René Benko's team is growing - the board minutes from 2022 and 2023 have now also disappeared.
In this form of insolvency, the old management remains in office, but under the supervision of an insolvence administrator appointed by the court. A Signa lender described self-administration as "one of the most secretive restructuring instruments in Europe" and said that the "lack of transparency" in the process was very damaging to Austria's reputation.