Section 14 IO uses the opening date
Organise the records for this review point and record the open question.
Creditors
Foreign-currency claim in insolvency: review value and reference date
How foreign-currency and non-monetary claims are assessed under section 14 IO.
Your insolvency law team
BRANDAUER Rechtsanwälte
Insolvency law, Salzburg and throughout Austria
We review the procedural status, contracts, payment records and security, then explain which legal question needs to be addressed next.
24 August 2026, Mag. Bernhard Brandauer, Rechtsanwalt
A foreign-currency claim is not simply valued using a later exchange rate. Section 14 IO uses the estimated value in domestic currency at the time proceedings were opened.
Record currency, calculation basis, opening date and payments separately.
A non-monetary claim also needs a traceable economic valuation.
Foreign currency and estimated value
Which records belong together?
Legal basis, timing and evidence answer different questions.
| Review area | Records | Core question |
|---|---|---|
| Grundlage | Foreign currency and estimated value | Was ist belegt? |
| Zeitpunkt | Eröffnungsbeschluss und Chronologie | Welche Daten gelten? |
| Rechtsfolge | Vertrag und Verfahrensstand | Welche Frage ist offen? |
The concrete effect depends on the procedural stage and original records.
Review path
Foreign currency and estimated value
The check orders the next records.
Discuss the specific matter with the firm.
Are legal basis, timing and records fully documented?
Your answers
Review the documents
Separate currency from legal basis
Organise the records for this review point and record the open question.
Treat claims not yet due separately
Organise the records for this review point and record the open question.
Prepare a traceable proof of claim
Organise the records for this review point and record the open question.
Section 14 IO uses the opening date
Section 14 IO uses the opening date
A foreign-currency claim is not simply valued using a later exchange rate. Section 14 IO uses the estimated value in domestic currency at the time proceedings were opened.
Record currency, calculation basis, opening date and payments separately.
Separate currency from legal basis
Separate currency from legal basis
Record currency, calculation basis, opening date and payments separately.
A non-monetary claim also needs a traceable economic valuation.
Treat claims not yet due separately
Treat claims not yet due separately
A non-monetary claim also needs a traceable economic valuation.
A foreign-currency claim is not simply valued using a later exchange rate. Section 14 IO uses the estimated value in domestic currency at the time proceedings were opened.
Prepare a traceable proof of claim
Prepare a traceable proof of claim
A foreign-currency claim is not simply valued using a later exchange rate. Section 14 IO uses the estimated value in domestic currency at the time proceedings were opened.
Record currency, calculation basis, opening date and payments separately.
Keep records separate: legal basis, timing and legal effect require separate evidence.
FAQ
Frequently asked questions
Which records are decisive? +
A foreign-currency claim is not simply valued using a later exchange rate. Section 14 IO uses the estimated value in domestic currency at the time proceedings were opened.
Further reading
Related insolvency topics
Topics
Foreign currency and estimated value
Would you like us to review a claim, owned goods or a decision in a business crisis?
Tell us your role, the business concerned and the procedural status. We respond within one business day.
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Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
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