To The Point: Technology & Digitalisation May | 2023

Welcome to the May edition of Schoenherr's to the point: technology & digitalisation newsletter (read online)!

We are excited to present a selection of legal developments in the area of technology & digitalisation in the wider CEE region.

Editorial: Rome wasn't built in a day. Neither was Austria's new "FlexCo"

Austrian start-ups to benefit from new corporate form

In an ever-evolving global economy driven by innovation and entrepreneurship, it is imperative for legal systems to adapt and create an environment conducive to the growth of start-ups. Today, we shed light on a remarkable development in Austria's corporate landscape: the introduction of a new corporate form known as the "Flexible Company" (Flexible Kapitalgesellschaft – FlexCo). The Austrian legislator has worked for many years on draft legislation for a new corporate form tailored to the demands of start-ups (we have already reported on it several times in this newsletter). Last week, a