ArticleThe (New) Copyright Contract LawWith the Amendment of the Austrian Copyright Act, which came into force on 31 December 2021, the Austrian Copyright contract law was overhauled.AustriaIntellectual PropertySchoenherr (Schönherr Rechtsanwälte)
ArticleNew Information Obligations For Online TradersSince 9 January 2016, traders established within the Union engaging in online sales or service contracts must provide new information on their websites.European UnionCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleNo Automatic Bar: European Court Of Justice Prohibits Bank Account Refusals Based Solely On US Sanctions Listings (ECJ Case C 81/24)June 2026 – A credit institution operating lawfully within the EU may not refuse to open a basic payment account for an individual solely...European UnionFinance and BankingKinstellar
ArticleNeue EU-Richtlinie zum Lieferkettengesetz und was der Schoko-Osterhase damit zu tun hatErstmals sollen unternehmerische Sorgfaltspflichten in Bezug auf Menschenrechte und Umweltstandards auf Zuliefererbetriebe in Drittländern ausgedehnt werden.AustriaGovernment, Public SectorDORDA Rechtsanwälte GmbH
ArticleThe EU Capital Markets Union – New Prospectus Regulation Finally Published In Official JournalOn 30 June 2017, Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading...European UnionCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleEuGH-Urteil: Entgeltliches Angebot Zum Beitritt In Eine Gruppenversicherung Stellt Versicherungsvermittlung DarIn seiner Entscheidung C-633/20 vom 29.09.2022 erkannte der EuGH jüngst, dass unter den Begriff des Versicherungsvermittlers bzw des Versicherungsvertreibers auch eine juristische Person fällt...AustriaInsuranceSchoenherr (Schönherr Rechtsanwälte)
ArticleMajority Shareholders' Obligation To File For Insolvency Proceedings Enacted 1 July 2013With effect as per 1 July 2013, the Austrian legislator has enacted an amendment to the Limited Liability Companies Act providing primarily for a decrease of the minimum share capital to EUR 10,000, as well as a decrease of the formation costs. AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleUpcoming Ban On Speculative Financial Transactions For Public BodiesThe Austrian Federal Government agreed in its 2013-2018 work programme, on the implementation of a nationwide ban on speculative financial transactions for the Federation, the Austrian Federal States, Austrian Municipalities, and other public bodies. AustriaFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleUpdate zu Nachhaltigkeitsinformationen und Nachhaltigkeitsrisiken für Versicherungsunternehmen und VersicherungsvermittlerDer europäische und der österreichische Gesetzgeber verstärken 2022 ihren Fokus auf Sustainable Finance. Neben Finanzdienstleistern, die ebenfalls immer strenger reguliert werden, ...AustriaInsuranceDORDA Rechtsanwälte GmbH
ArticleMerger Control: Guidance Paper On New Transaction Value Thresholds In Austria And GermanyIn the second half of 2017 both Austria and Germany introduced transaction value based thresholds as alternatives to purely turnover based thresholds that trigger the obligation to obtain merger control approval. AustriaAntitrust/Competition LawSchoenherr (Schönherr Rechtsanwälte)
ArticleSignificant Amendments To Austrian Competition Law - Part II (Merger Control)On 6 April 2017 the Austrian Parliament adopted significant amendments to the Austrian merger control system, introducing a transaction value test that extends the reach of Austrian merger control. AustriaAntitrust/Competition LawSchoenherr (Schönherr Rechtsanwälte)
ArticleThree Steps To Stay Ahead Of Ever-evolving Antitrust Regulations In Digital MarketsDigital antitrust is having a moment. Antitrust cases against tech giants are being discussed on talk shows and podcasts and in connection with buzzwords like "Big Tech" or "Big Data"...AustriaAntitrust/Competition LawSchoenherr (Schönherr Rechtsanwälte)
ArticleNeues Jahr, Neues Gewährleistungsrecht2022 bringt mit dem Gewährleistungsrichtlinien-Umsetzungsgesetz (GRUG) ein erhebliches Update für das Gewährleistungsrecht. AustriaConsumer ProtectionDORDA Rechtsanwälte GmbH
ArticleA Good Supervisory Board May Be An Asset To A Company – But What Happens If No Board Is Set Up?By law, every Austrian stock corporation (Aktiengesellschaft; AG) must have a supervisory board (Aufsichtsrat; SB).AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleCorporate Recovery – Shareholders’ Duty Of Participation In Capital Measures In Financial CrisisCapital measures are common reorganisation measures when a capital company is in financial crisis, including eg injection of fresh capital by way of a capital increase. AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleIT Projects: Everything Agile Or Still Waterfall?Agile project methods have been a topic of conversation for years.AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleLiability Of Managing Directors For Inadequate Compliance OrganizationThe fight against corruption has intensified over the past few years, causing the issue of corporate compliance to become ever more important.AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleM&A Technology TransactionsA Seller must be aware that any deal can "die" and in the current M&A environment, the chances that a deal dies are – quite frankly and unfortunately – not low.AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleSell-Side M&A: Shareholder Information RightsIf confirmation was ever needed of the importance of information for deal-making, the (joint) award of the 2013 Nobel Prize in Economic Sciences to Eugene F. Fama drove home the point. AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleSqueezing Out Minority Shareholders: Vested Interest vs Economic InterestIn a high-profile case of global interest, the Austrian Constitutional Court ruled on the Squeeze Out Act (the "Act") that was introduced in 2006. AustriaCorporate/Commercial LawKNOETZL HAUGENEDER NETAL Rechtsanwaelte GmbH