ArticleSignificant Changes To Austrian Competition LawThe amendments to the Austrian Cartel Act introduce an additional notification threshold, which is based on value of a transaction. European UnionAntitrust/Competition LawVan Bael & Bellis
ArticleThe EU Capital Market Union - European Commission Establishes Expert Group To Develop Strategy On Sustainable FinanceOn 28 October 2016, the European Commission decided to establish a High Level Expert Group on sustainable finance, one of the European Commission's primary objectives within the EU Capital Markets Union.European UnionFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleNew Rules For Digital Content & Sale Of Goods (Legal Insight 1 In A Series Of 5)Over the next ten weeks our technology & digitalisation team is going to be looking at two new Directives. AustriaConsumer ProtectionSchoenherr (Schönherr Rechtsanwälte)
ArticleRecent Supreme Court Ruling Leaves Many Questions Re. 'Hidden Contributions In Kind' OpenThe Austrian Supreme Court considered the validity of the payment of a cash consideration to a public LLC in the course of an increase of its stated capital.AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleUpdate zum WiEReGDie gesetzliche Frist für die erstmalige Meldung zum Wirtschaftliche Eigentümer Register ist am 1.6.2018 abgelaufen.AustriaCorporate/Commercial LawWolf Theiss
ArticleConvertible Loans For Austrian Start-UpsA convertible loan is a popular investment means to finance a start-up. Austrian law, however, does not foresee convertible loans for the most popular corporate form of Austrian start-ups...AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleAustrian Limited: A New Type Of Corporation For Start-ups In AustriaCurrently, the Ministries of Economic Affairs and Justice are still in the process of coordinating the draft legislation, but the first details have been announced.AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleCovid-19 Crises Shutdown Mergers ExpectedAfter explaining their economic models, the AFCA sets out their tests and criteria for approving shutdown mergers. AustriaCorporate/Commercial LawPreslmayr Rechtsanwälte OG
ArticleLEGAL SUSTAINABILITY CHECK: Ihr Kompass Durch Den ESG-DschungelDas Nachhaltigkeitsrecht ist das aktuell am schnellsten wachsende Rechtsgebiet. Europäische und nationale Gesetzgeber überschlagen sich entlang der drei ESG-Achsen laufend mit neuen Gesetzen, Entwürfen und Richtlinien. AustriaCorporate/Commercial LawDORDA Rechtsanwälte GmbH
ArticleNew EU Regulation - The End Of Geo-blocking When Shopping OnlineA new EU Regulation, which will take effect on 3 December 2018, provides for borderless online shopping.AustriaCorporate/Commercial LawWolf Theiss
ArticleNew Federal Electronic Announcement And Information PlatformThe mandatory fee-based publication in the print medium of the Official Journal of the Wiener Zeitung (Amtsblatt der Wiener Zeitung) ("Official Journal") is going to be replaced...AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleNew Merger Filing Form In AustriaThe Austrian Federal Competition Authority (FCA) has published a new and more detailed form for merger filings, which shows quite significant changes from the earlier version.AustriaCorporate/Commercial LawPreslmayr Rechtsanwälte OG
ArticleThe Legal Effects Of The Approval Of Management And Supervisory Board Members’ ActionsIs the approval of board member actions an effective relief from liability or a mere formality?AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleTo The Point: Gesellschafts- und Unternehmensrecht Q1/2020 | ÖsterreichBegünstigte sind im Genehmigungsverfahren nach § 33 Abs 2 PSG nicht stets rekurslegitimiert, wenn sie sich auf Auflösungsgründe berufen.AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleAn About Face In Austria: The Outlook For The Leniency Regime In Criminal Proceedings In 2011The success of a new leniency regime, as provided for in the Austrian Criminal Code as of 1 January 2011, will depend on whether it gives the whistleblower sufficient incentives to present themselves to the public prosecutor, and whether the regulation offers a high level of predictability for those involved in the case. AustriaCriminal LawSchoenherr (Schönherr Rechtsanwälte)
ArticleCommercial Agent's Trial For Trial Period CompensationEarlier this year, the ECJ ruled that commercial agents are generally entitled to compensation, even if the distribution agreement was terminated during a trial period.AustriaEmployment and HRSchoenherr (Schönherr Rechtsanwälte)
ArticleCorruptive Behavior In Public Procurement Procedures As A Deal Breaker For Mergers And Acquisitions Transactions?In light of the economic significance of public procurement and the respective volume of public expenditure in Europe (public sector spending accounts for approximately 20% of EU GDP) it is a well-established and unsurprising fact that public procurement proceedings are particularly vulnerable to corruption. AustriaGovernment, Public SectorSchoenherr (Schönherr Rechtsanwälte)
ArticleIncreased Due Diligence Obligations For Shareholder Creditors?The Austrian Insolvency Code provides for the possibility to challenge certain disadvantageous transactions carried out by the debtor after material insolvency has occurred, especially if the creditor knew or should have known of its debtor's material insolvency. AustriaInsolvency/Bankruptcy/Re-StructuringSchoenherr (Schönherr Rechtsanwälte)
ArticlePre-Emptive Rights On Shares Unenforceable In Insolvency Proceedings?Shareholders of Austrian limited liability companies usually want to have influence over whom they are associated with. AustriaInsolvency/Bankruptcy/Re-StructuringSchoenherr (Schönherr Rechtsanwälte)
ArticleShare Purchase Rights In Austrian Insolvency ProceedingsShareholders of Austrian limited liability companies ("GmbH") often stipulate the right to purchase the shares of co-shareholders in certain events.AustriaInsolvency/Bankruptcy/Re-StructuringSchoenherr (Schönherr Rechtsanwälte)