The Legal 500

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Main work contacts

Banking and finance Andreas Zahradnik, Tibor Varga
Capital markets Andreas W Mayr, Christoph Brogyányi
Competition and antitrust Heinrich Kühnert
Corporate and commercial Christoph Brogyányi, Bernhard Rieder, Veit Öhlberger
Dispute resolution Florian Kremslehner, Christian Dorda, Christoph Stippl, Felix Hörlsberger
Employment Thomas Angermair
Immigration Elmar Drabek
Insurance Felix Hörlsberger, Florian Kremslehner
IT, IP and media Axel Anderl
Life sciences Francine Brogyányi
M&A Martin Brodey, Andreas W Mayr, Jürgen Kittel
Private client Paul Doralt, Elmar Drabek
Public law Bernhard Müller
Real estate and construction Stefan Artner
Restructuring and insolvency Andreas Zahradnik, Tibor Varga
Tax Paul Doralt, Martina Znidaric

Legal Developments by:
Dorda Brugger Jordis

  • Survey of Austrian insolvency law and its current developments

    Austrian law distinguishes between composition proceedings in accordance with the Composition Code (Ausgleichsordnung-AO) and bankruptcy proceedings in accordance with the Bankruptcy Code (Konkursordnung-KO). Bankruptcy proceedings have to be opened if the debtor is unable to pay. In particular, inability to pay must be assumed if the debtor suspends payments. Inability to pay does not require that creditors are actively seeking payment. Bankruptcy proceedings are also opened in the event of overindebtedness in relation to commercial companies if no personally liable partner is a natural person, in relation to the assets of legal entities and in relation to the estates of deceased persons.
    - Dorda Brugger Jordis

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Mediation on the Heels of Arbitration - Competition or Peaceful Coexistence?

    Arbitration has long been the favorite of the ADR family. Mediation, however, has established an increasingly relevant position for itself when it comes to resolving (international) commercial disputes quickly, cost-efficiently, and successfully. READ MORE...
  • Austria: Amendments to Gas Market Model Ordinance

    The Gas Market Model Ordinance plays a major role in the Austrian gas market, as it regulates network access and the capacity management and balancing system in Austria's three market areas: the east, Tyrol and Vorarlberg. read more...
  • Arbitrators’ Liability: Austrian Supreme Court Reconfirms Strict Standards

    One of the main advantages of arbitration vis-à-vis state court litigation, is that the parties are free to choose independent and highly specialised experts to decide their cases. Yet, if these experts negligently (or even deliberately) violate the duties that come with the acceptance of the appointment, the issue of liability arises. read more...
  • A new WCC department within the Metropolitan Public Prosecution Office

    As of September 1st 2016, a newly established special department, dedicated solely to white collar crimes, has commenced its work within the Hungarian Metropolitan Public Prosecution Office (Fővárosi Főügyészség). read more...
  • EU: News on linking from the CJEU

    The CJEU already had the chance to rule on the legitimacy (under copyright law) of hyperlinks to copyrighted works in the Svensson (C-466/12) and Bestwater (C-348/13) cases. In both cases the court came to the conclusion that hyperlinks to copyrighted works freely available on another website are not "communications to the public" (ie a "new public") and therefore do not require the consent of the right holders. read more...
  • Bulgaria takes steps to implement Directive 2014/104/EU

    On 2 September 2016, the Bulgarian Commission for Protection of Competition proposed a draft act for amendments (the "Draft") to the Competition Protection Act (the "CPA"). These amendments aim to implement Directive 2014/104/EU of the European Parliament and the Council of 26 November 2014, on certain rules governing actions for damages under national law, for infringements of competition law provisions of Member States, and of the European Union (the "Directive"). read more...
  • Security for Costs in Investment Arbitration: Who Should Bear the Risk of an Impecunious Claimant?

    When allocating costs, investment arbitration tribunals apply two principles: a “pay your own way” principle which provides that each party pays its own legal costs and they effectively share the costs of the proceedings, and secondly a “costs follow the event” or “loser pays” principle which provides that the losing party bears the costs of the proceedings including the legal costs of the successful party. read more
  • Hungary: HCA and NIPN conclude cooperation agreement for pharmaceutical consumer protection cases

    Pharmaceutical companies and other healthcare suppliers have always been of special interest to the Hungarian Competition Authority (HCA) due to the associated public health concerns. In light of this, the HCA has concluded several cooperation agreements with other agencies to facilitate the investigation of these markets. Initially, the agreements were developed with the authorities responsible for the authorisation and monitoring of medical devices and food supplements. read more...
  • Hungary: Towards strengthened investor protection

    After the broker scandals of 2015, the government introduced new protective measures this year to restore Hungarian investors' trust in capital markets instruments and investment service providers. In 2015, it was discovered that some local broker houses had manipulated their information systems and as a result their reports on securities were not an accurate reflection of the reality. read more...
  • ECJ issues preliminary ruling on cross-border mergers

    On August 28 2014 the Austrian Supreme Court submitted a request to the European Court of Justice (ECJ) (6 Ob 137/13 k) for a preliminary ruling on the interpretation of EU law regarding cross-border mergers. read more...