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Austria: Slightly Lower Fees, a Little More Liberalisation - The 2017 Amendments to the Austrian Tra

July 2017 - Corporate & Commercial. Legal Developments by Schönherr.

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Following a year of intense political discussion, the Austrian Parliament adopted numerous amendments to the Austrian Trade Act 1994 (Gewerbeordnung 1994, "GewO") at the end of June. While the reform falls significantly short of the outgoing government's original announcements last July with the aim to liberalise market access and to cut red tape for businesses, it nevertheless introduces several material changes to business activity in Austria. read more...