A Debt-Equity-Swap is a restructuring instrument which enables the exchange of debts with equity. So far, Austrian insolvency law does not provide for a Debt-Equity-Swap which, until now, has merely been a corporate law procedure. Since Austrian insolvency law lacks specific regulations and facilitations, Debt-Equity-Swaps are seen as a rather unattractive restructuring instrument connected to economic risk for creditors who must face legal uncertainty, as well as a complicated procedure. Debt-Equity-Swaps originate from Chapter 11 of the US Bankruptcy Code which served as a model for the implementation of Debt-Equity-Swaps in Section 225a of the German Insolvency Code. The German Insolvency Code now provides an opportunity for Debt-Equity-Swaps to be part of an insolvency plan. Remarkably, these regulations and facilitations are connected to interference in corporate law. This thesis studies whether the implementation of Debt-Equity-Swaps in Austrian insolvency law may be feasible, useful and desirable. For this purpose, German and Austrian insolvency and corporate law are compared and proposals for the implementation of Debt-Equity-Swaps in the Austrian Insolvency Code are made. Section 225a of the German Insolvency Code serves as a model.