The Austrian Act on Financial Collateral (Finanzsicherheiten-Gesetz; FinSG), which regulates the granting and enforcement of financial collateral arrangements between participants in the financial markets, has recently been amended with effect from 30 June 2011.

PAD should be implemented into national legislation by Member States by not later than September 2016.

Austria has introduced comprehensive reforms to its Criminal Code of Procedure to address the challenges of securing crypto assets in criminal investigations. The new provisions establish a legal framework for transferring digital currencies to government-controlled wallets and enable premature realization of volatile crypto holdings.

The proposed future banking regulatory liquidity framework is widely regarded as favouring corporate bond issues as compared to corporate lending.

An amendment of the Austrian Foreign Trade Act (FTA), in force since 08/12/2011 subjects the acquisitions of relevant interests in enterprises in specific industries, including telecoms and energy, to review and approval by the Austrian Ministry of Economic Affairs

The tragic situation in Ukraine has given us all pause to appreciate that very little, if anything, can even begin to compare to the tragedies unfolding so close to home.

Incorrect land register entries may trigger public liability. But in a recent decision the Austrian Supreme Court (1 Ob 198/18a) held that incorrect land register entries can only constitute public liability claims for a certain group of people.

As Q3 2024 comes to an end, let us focus on current legal updates and those lying ahead of us in the coming months.

On 12 September 2012, the European Commission ("EC") published its proposal for a single supervisory mechanism ("SSM") which covers the granting of far reaching supervi-sory powers to the European Central Bank ("ECB") over the Eurozone credit institutions starting 1 January 2013.

In September 2020, the European Commission adopted the Digital Finance Strategy to support innovation in the European financial sector and build a single market...

On 4 May 2017, the European Commission published its proposal for an amendment of the European Market Infrastructure Regulation (EMIR).

On 13 July 2017, the High-Level Expert Group ("HLEG") on Sustainable Finance published its interim report ("Interim Report") setting out concrete steps to create a financial system...

Because public financing alone will not be enough to boost economies and businesses will need more equity after financial aid, capital markets are vital to recovery across the EU.

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.

Es zeigt sich in der Praxis, dass die gesetzlichen Sorgfaltspflichten in Zusammenhang mit dem Wirtschaftliche Eigentümer-Registergesetz ("WiEReG") und die dementsprechenden Compliance-Maßnahmen...

Large corporate loan agreements are often based on samples provided by the Loan Market Association (LMA). This is also true for facility agreements governed by Austrian law.

As of 17 July 2021 the EU restructuring directive was implemented in Austria by the new Austrian Restructuring Code (ReC). The ReC allows debtors to enter formal restructuring proceedings...

The alpine region of Carinthia in Austria faces probable bankruptcy after the central government refused to cover bond guarantees issued for failed lender Hypo Alpe Adria.

The Austrian Financial Market Authority (Finanzmarkt-aufsicht, FMA) has recently published guidelines on how it views Initial Coin Offerings (ICOs) from a financial services regulatory perspective.