Since the 1999 Austrian Takeover Act came into force there have been 31 public offers in Austria including 13 mandatory offers and 18 voluntary offers, seven of which were so-called anticipatory mandatory offers.

Shortly thereafter, insolvency proceedings were opened over the Austrian subsidiary.

The EU Regulation No 655/2014 of 15 May 2014 established a European Account Preservation Order. The Regulation became applicable as of 18 January 2017 within the EU except for the United Kingdom and Denmark .

Although the Vienna Stock Exchange has not seen any IPOs recently, a number of Vienna listed companies have recently increased or are planning to increase their share capital by way of a rights issue.

The Court of Justice of the European Union has issued a landmark ruling clarifying that certain escrow and security arrangements involving fund transfers do not automatically constitute regulated payment services under PSD2. This decision provides crucial guidance for fintech platforms and businesses operating escrow models, potentially reshaping how payment service regulations are interpreted across the EU.

It has only been three years since the Austrian cartel law was last amended. Whereas at that time the focus was on the creation of new authorities (Federal Competition Authority and Federal Cartel Prosecutor) and procedural changes, the new amendment primarily concerns substantive issues. The present amendment is, for the time being, the last brick of alignment with EC cartel law.

Newly established principles provide guidance for the cooperation between all involved banks in extra-judicial restructurings.

Although the Vienna Stock Exchange has not seen any IPOs recently, a number of Vienna listed companies have recently increased or are planning to increase their share capital by way of a rights issue.

The last few months were dominated by out of control stock markets and a previously unseen liquidity crunch.

On 21 April 2021, the European Commission (ECOM) published measures aimed at fostering sustainable investment and steering finance towards the European Green Deal.

taaten sollten ihre Entschuldung durch die Geldentwertung nicht auf dem Rücken der Anleger austragen, sagt DORDA-Steuerrechtexperte Paul Doralt.

The qualification and background of the shareholders of regulated financial services providers (such as credit institutions, insurance undertakings and investment firms), their commercial and strategic aims and the quality and source of the funds available to them for acquisition or for injection into an Austrian regulated institution has always been of interest for supervisors.

Recent rulings by the Austrian Takeover Commission (TC) reflect a case by case approach to acting in concert situations and changes in shareholder arrangements.

Die "Verrechtlichungswelle" im (nachhaltigen) Kapitalmarkt geht weiter! Die Europäische Kommission veröffentlichte neue Regeln einerseits für Wertpapierfirmen und andererseits für Verwalter von alternativen Investmentfonds

Mit 1.1.2019 hat die Einlagensicherung AUSTRIA Ges.m.b.H. ihre Tätigkeit als einheitliche Sicherungseinrichtung gemäß § 1 Abs 1 Z 1 des Bundesgesetzes über die Einlagensicherung und Anlegerentschädigung bei Kreditinstituten ...

Der Ministerialentwurf (ME) zur Umsetzung des Market in Financial Instruments Directive 2014/65/EU (MiFID II) Paketes in Österreich ist am 31.3.2017 im Nationalrat eingelangt.

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

On 28 April 2023 the European Commission ("Commission") put forth a proposal (Link) to revise Directive (EU) 2015/2366 (Payment Services Directive, "PSD2"), which was adopted...