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Austria: End of Bearer Shares for unlisted Joint-Stock Companies

October 2012 - Finance. Legal Developments by Baier Rechtsanwälte.

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Holders of bearer shares of Austrian joint-stock companies are not registered in any public register whereas registered shares must state the shareholders´ name. The Financial Action Task Force (FATF) on Money Laundering criticised in its report of 1 December 2009 the lack of transparency in connection with the holding of bearer shares in Austrian joint-stock companies.


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