Die gesetzliche Frist für die erstmalige Meldung zum Wirtschaftliche Eigentümer Register ist am 1.6.2018 abgelaufen.

Until 2018, Austria had up to five different cancellation rights for insurance policyholders, plus the cancellation right pursuant to Section 8 of the Austrian Distance Financial Services Act.

The online CEE/SEE real estate & construction blog of Wolf Thiess.

The Austrian Financial Market Authority (Finanzmarktaufsicht – FMA) has updated its FinTech-Navigator to include specific information on how initial coin offerings (ICOs) are to be treated under Austrian law.

It's been a tough few weeks for crypto. While investors should not be easily rattled, the recent events surrounding the FTX crypto exchange have caught many offguard.

In recent months, we have seen several regulatory initiatives impacting the Czech online business environment. There is a lot to unpack, which is why we have prepared a series...

Austria's National Council has recently adopted a draft bill proposed by the Government introducing a new statute regarding bank recovery / resolution.

In the context of secured financings, lending banks often require a pledgor to issue a sale power of attorney for the asset pledged (ie, shares, real property or other assets).

June 2026 – A credit institution operating lawfully within the EU may not refuse to open a basic payment account for an individual solely...

Welcome to our to the point newsletter. Every month we look back at the most relevant developments in the area of financial regulation in the CEE region.

In autumn 2010 the draft of the amended Austrian Banking Act (Bankwesengesetz; BWG) announced restrictions of the variable remuneration policy of credit institutions, irrespective of general rules of civil and employment law.

As an attorney working in restructuring, I hear a recurring complaint from bank's restructuring departments: "Debtors admit financial difficulties far too late.

As a measure against the economic crisis the Austrian legislator has prepared a reform of the Austrian Insolvency Law. The motto is "restructuring instead of ruining" ("Sanieren statt Ruinieren").

The proposal includes, inter alia, provisions protecting new and interim financing in restructurings.

Die öffentliche Einsicht in das Register der wirtschaftlichen Eigentümer war von Beginn an umstritten und aus Sicht des Datenschutzes und der Sorge von vermögenden Personen,...

On 1 January 2019, Einlagensicherung AUSTRIA Ges.m.b.H. was launched as an institutional deposit guarantee scheme (DGS) under Section 1 (1) 1 of the Federal Act on Deposit Guarantee Schemes and Investor Compensation ...

Der europäische und der österreichische Gesetzgeber verstärken 2022 ihren Fokus auf Sustainable Finance. Neben Finanzdienstleistern, die ebenfalls immer strenger reguliert werden, ...

In 2023 we advised a client in connection with the issuance of the first sustainability-linked bond by an Austrian corporation

Decentralised Finance (DeFi) is without question a rapidly evolving area at the intersection of blockchain technology, crypto assets and traditional financial services.

Suppose you were a German bank lending to a Spanish debtor under a loan agreement governed by German law.