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Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Update on EU Sanctions against Russia

    On 6 December 2014, Council Regulation (EU) No 1290/2014 entered into force. This regulation is the latest in a series of regulations regarding "sectoral sanctions" against Russia.
  • Slovakia: Checkmate? New law regulates protection of employees when blowing the whistle

    So far, in Slovakia there has not been in force any regulation specifically addressing whistleblowing situations in which employees report wrongdoings, such as the commission of a crime which they learnt about in connection with the performance of their employment, work or function. Certain partial aspects related to whistleblowing have been regulated by the country's data protection, criminal and labour laws. read more
  • Croatia: A look at the Strategic Investment Projects Act One Year after Implementation

    Croatia's sixth consecutive year of recession
  • AT: Transparency International – Release of 20th annual Corruption Perceptions Index

    On 3 December 2014, Transparency International, the leading civil society organisation fighting corruption worldwide, released its 20th annual Corruption Perceptions Index (CPI). The index draws on surveys covering the views of business people, provides expert assessments, and ranks 175 countries by the perceived levels of corruption in their public sectors. The scale ranges from 0 (perceived to be highly corrupt) to 100 (perceived to be very clean). The CPI can be found under the following link .  read more...
  • Austria: Telecom contracts: Electronic Bill and/or Paper Bill?

    The amended Universal Services Directive 2002/22/EC requires EU Member States to ensure that their respective national regulatory authorities are able to oblige all providers of publicly available telephone services to make "itemised bills" available to their subscribers on a free of charge basis. Such bills identify in particular details such as the number called, date and time of call, call duration and the cost of separate calls. Thus, subscribers should be able to control the charges they have incurred and, consequently monitor, their usage and expenditure. read more...
  • PL: Crime of active corruption and commercial bribery

    A conviction for the crimes of active corruption and commercial bribery, which are defined in art. 229 and 296a of the Polish Criminal Code (CC), not only brings about consequences on the grounds of criminal law, but also implies negative consequences in other spheres of law. One of these involves administrative law, more precisely public procurement law, which provides that company officers convicted for the above-mentioned crimes are to be excluded from public contract award procedures.  read more...
  • AT: Ministry of Finance publishes its view on certain aspects relating to private equity funds

    With the amendment of the Austrian investment fund regime by virtue of including alternative investment funds into its scope, the tax aspects of re-qualifications of existing (private equity) vehicles into investment funds and thus the application of the Austrian investment fund tax regime were rather unclear. With a newly-published opinion, the Austrian Ministry of Finance has now shed some light on its view on selected tax aspects of such re-qualification.  read more...
  • CZ: Czech Competition Authority is not authorised to enter business premises without a warrant

    The European Court of Human Rights ("ECHR") recently acknowledged a complaint by Delta Bakery (the "judgment") and confirmed that the Czech Competition Authority ( Úřad pro ochranu hospodářské soutěže , "CCA") violated Article 8 of the European Convention on Human Rights ("Convention") when entering the Delta Bakery premises without first obtaining a warrant.  read more...
  • Hungary: What will banks need to (re)pay their borrowers?

    In recent years, bank customers in Hungary have initiated numerous litigations claiming that their loan agreements are illegal, invalid, or null and void for a variety of reasons. Mostly, these reasons centered on the legality of the application of spreads in FX-based loans and on the validity of the unilateral amendments applied by the banks regarding fees and interest rates.  read more...
  • Austria: Extension of the threshold regulation until the year 2016

    The "threshold regulation" adjusting (raising) the sub-thresholds of the Austrian Procurement Act ("BVergG") will be extended once again, namely for two more years. This plan was disclosed in the press briefing issued in conjunction with the retreat held by the members of Austria's federal government on September 27th and 28th this year. Thus, contracting authorities will continue to be able to benefit from substantial procedural simplifications when awarding contracts below the threshold in 2015 and 2016 as well. read more...