The Legal 500

UNIVERSITÄTSRING 10, 1010 VIENNA, AUSTRIA
Tel:
Work +43 1 533 47 95
Fax:
Fax +43 1 533 47 97
Email:
Web:
www.dbj.at

Main work contacts

CategoryContact
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
  • Finally! Some Room Left for Direct Transactions with Securities of Moldovan Joint-Stock Companies

    It is no secret that the Act no.171/2012 on Capital Markets (which entered into force in 2013), together with numerous changes to Act no.1134/1997, and in addition the recent abolition of Act no.199/1998 on Securities Markets, cumulatively have significantly changed the rules of direct transactions with securities in Moldovan joint-stock companies ("JSC"). As a consequence, fears arose that such possibility would no longer exist. read more...
  • Serbia: New Inspection Act in effect: be inspection-ready

    The new Inspection Act came into force on 29 April 2015, with the majority of its provisions coming into effect as of 29 April 2016.
  • Bulgaria: Government Approves a New Draft Concessions Act

    On 25 May 2016, the Bulgarian government approved a new draft Concessions Act. The draft remains to be adopted by the Bulgarian parliament. The new Concessions Act will replace the current Concessions Act in its entirety, and will revoke the existing Public-Private Partnership Act. read more...
  • Hello there, Moldova! Is there some room left for guaranteed feed-in tariffs for renewables?

    On 25 March 2016 the Moldovan Parliament passed a new law on the promotion of the use of electric energy from renewables (" Law 10/2016 "). Law 10/2016 is meant to enter into force on 25 March 2017, and its scope is officially to institute the necessary legal framework for application of EU Directive 2009/28/CE in Moldova.  read more...
  • Austria: Hyperlinking to online-radio broadcasts

    The relationship between hyperlinking and copyright is much debated. Although recent decisions of the ECJ have shed some light on the question, many questions still remain when hyperlinking to copyrighted content should be considered a copyright infringement. Some of these questions have been addressed by the Austrian Supreme Court in a recent judgment (Decision by the Supreme Court dated 23 February 2016, 4 Ob 249/15v). read more...
  • Personal Data Protection for Serbian Entrepreneurs

    Serbia does not currently have any separate regulations in place in respect of protection of "personal data" pertaining to legal entities. It does regulate the protection of natural persons' data, however, without any particular mention of entrepreneurs. read more...
  • Proposed amendments to the Czech Labour Code - Are they really important?

    The Czech Ministry of Labour and Social Affairs (the "MLSA") recently submitted a new proposal for interdepartmental comment, that will modify the current Labour Code [1]. read more...
  • How about a New Arbitration Act in Hungary?

    The Hungarian arbitration Act (Act LXXI of 1994 on arbitration, “the Act”) has barely “turned 22” and the pressure to replace it with new legislation has popped up. Considering the current, rapid reform of effective laws in Hungary – meaning that relatively new legislation which has been in force for only five to ten years has been set aside to introduce new legislation –the push to introduce new law on arbitration law is no surprise. read more...
  • A Bid for Strong Arbitrator

    Discussions of arbitrators’ powers have riveted the international arbitration community. Practitioners increasingly face situations where arbitrators seem cautious and reluctant to rule on procedural issues. read more...
  • Hungary: Update - first gun jumping decision swiftly followed by three more

    This competition newsletter is an update to our previous insight on the first gun jumping decision of the Hungarian Competition Authority ("HCA"), where we set out the background to the Hungarian suspension clause and the calculation of fines in more detail. read more...