Austria is helping start-ups. In a first step, start-ups can double fresh equity up to EUR 800,000 by obtaining a contribution from the Austrian promotional bank AWS.

Sanctions compliance and related process and systems updates have kept compliance, legal and IT teams in financial services providers busy since March 2022.

As 3 July 2017 gets closer, and January 2018 is also approaching rapidly, the regulators and the in-scope firms across Europe are well advanced in their efforts for transposing MiFID II.

For the first time after its 2011 Spread Ladder Swap Judgment the banking division of the German Supreme Court has recently dealt with the disclosure duties of banks in connection with derivative products.

Egal ob nachhaltige Energieerzeugung, Immobilien, Finanzen oder Konsumgüter – Nachhaltigkeitsrecht ist als eigenständiges Rechtsgebiet angekommen.

Schoenherr advised Erste Group Bank AG in its capacity as dealer manager and exchange agent in the course of Breiteneder Immobilien Parking Konzernfinanzierungs GmbH's invitation to existing holders to exchange their notes issued in 2018 for the recently issued Breiteneder Immobilien Parking 4.875 % Notes 2024-2030.

The revised Payment Services Directive (PSD2), applicable since 13 January 2018, has paved the way for Open Banking. Open Banking describes a shift from a closed model of banking to one in which

PSD2 entered into force on 12 January 2016 and will replace the current Payment Services Directive (in force since 2007) as of 13 January 2018.

CEE and SEE were significantly affected by the financial crisis, most particularly in the real estate lending sector.

While there is now a light at the end of the pandemic tunnel in CEE and SEE, the second quarter of 2021 again brought many changes and challenges in the region's finance sector.

Under Section 91 of the Stock Exchange Act, persons that directly or indirectly acquire or sell the shares of an issuer whose shares are admitted to trading on a regulated European Economic Area (EEA) market must immediately (or no more than two trading days later) inform the Austrian Financial Market Authority, the exchange operating company and the issuer of the share of voting rights held after the completion of the acquisition or sale if their proportion of voting rights reaches, exceeds or

In continental Europe businesses are still highly dependent on commercial lending. While some of them have tapped the debt and equity capital markets, the reluctance of commercial banks to finance CAPEX or R&D absent a very strong balance sheet has left a vacuum.

As of 1 August 2016 public prosecutors may access information contained in the account registry without prior court approval.

Das neue Jahr bringt unter anderem für Banken und Wertpapierfirmen ganz neue Pflichten im Nachhaltigkeitsrecht.

On 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.

EU Regulation No 655/2014 of the European Parliament and of the Council to facilitate cross-border debt recovery in civil and commercial matters, in force since 18 January 2017.

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.

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.