Corporate law perspective on corona
What effects does the current situation have on planned shareholders’ meetings? Can shareholders’ meetings be held? And are there any delays in registrations with the commercial register?
Which privacy aspects must companies take into account when processing health data?
Can a company collect data about a (potential) infection with COVID-19?
How can managers avoid personal liability for the financial impact of the Corona crisis on the compa
How can managers avoid personal liability for the financial impact of the Corona crisis on the compa Limited liability companies and stock companies must file for the opening of insolvency proceedings if they are unable to pay their open debts (illiquidity) or over-indebted without a positive prognosis. If such ground to file for insolvency has …
Which Insurance covers corona damages? What do you have to do not to lose coverage?
Insurance companies insure uncertain risks of individuals that may arise in the future and cover such risks with the premiums of the insured community. Once the risk has already occurred or is about to occur immediately and one does not have taken out insurance already, it is not possible to get insurance cover anymore.
Covid19: Financing
The first part of the article deals with various legal issues that may become relevant for financings in connection with measures to limit the spread of Covid 19. The second part sets out links to current public subsidy offers.
Covid-19: Supervisory law for banks and other financial service providers
On 13 March 2020, the Austrian Government announced a comprehensive package of measures to combat Covid19 (“Corona virus”), which is to come into force on 16 March 2020. The following initial overview therefore addresses some of the key issues that this will raise for banks – but also for other financial service providers:
The National Regulation On The Security Of “nis” In Austria Should Be Of Interest To You
Good things come to those who wait? Finally, the main implementing regulation for the Austrian Law on Network and Information System Security (Netz- und Informationssystemsicherheitsgesetz, "NISG") was published last week. It serves primarily to define which companies are actually affected by the NISG. Now it is getting serious for the operators of "essential services". What …
“black Friday” – Now Freely Usable For Promotions In Austria
Black Friday is unquestionable one of the most profitable and busiest days of the year for retail, particularly online. Worldwide almost all online store do offer sales or special promotions on Black Friday or Cyber Monday. Already after this practice has established online, a trademark for "BLACK FRIDAY" was registered in Germany back in 2013. …
Continue reading ““black Friday” – Now Freely Usable For Promotions In Austria”
Consent or pay – a valid scheme under the GDPR?
Media companies throughout Europe struggle with a difficult economic environment: Shrinking sales figures for print products, the digitalisation and consumer demand force publishers to offer their content also on the internet. However, generating money for online publications is not quite easy as – at least in Austria – online subscription against renumeration has not been …
Continue reading “Consent or pay – a valid scheme under the GDPR?”
Austria: Anonymisation Accepted As Valid Data Deletion Method
On 5th December 2018, the Austrian data protection authority (Datenschutzbehörde, "DSB") issued a decision (DSB-D123.270/0009-DSB/2018) on data subject's right to data deletion according to Art 17 GDPR. In a nutshell, the DSB accepted consistent anonymisation as a valid alternative to physical and technical deletion. Beside the clear statement that anonymous data is not subject to the GDPR, the DSB …
Continue reading “Austria: Anonymisation Accepted As Valid Data Deletion Method”