Search result

Subordinated loans as a vehicle of public participation and crowdfunding – the end is near?

The development of the Austrian capital markets over the last few years has shown that, besides established stock exchange-listed companies, more and more “small” issuers (start-ups, SMEs) have di...

Home
News
Blog
Subordinated loans as a vehicle of public participation and crowdfunding – the end is near?

Planned amendment to antitrust law helps cartel victims and increases risks attaching to infringements

End of August 2016 saw the start of the expert review of the bill for the amendment to antitrust law, a bill long awaited and hotly discussed during the preliminary stages. Implementing an EU Directiv...

Home
News
Blog
Planned amendment to antitrust law helps cartel victims and increases risks attaching to infringements

New law to combat wage and social dumping

“Wage and social dumping” is the term used to describe situations where employers deprive employees of, at least a part of, the remuneration due to them under a law, ordinance or collective bargai...

Home
News
Blog
New law to combat wage and social dumping

Online GTC / Validity of choice of law

In proceedings concerning a collective action brought by Verein für Konsumenteninformation (Association for consumer information, “the VKI”) versus Amazon EU S.à.r.l. (“Amazon”), the Court o...

Home
News
Blog
Online GTC / Validity of choice of law

No claim for compensation for brief illnesses of commercial agents

The Austrian Supreme Court recently decided that commercial agents are not entitled to claim compensation payments in the case of a termination of the contractual relationship due to merely temporary ...

Home
News
Blog
No claim for compensation for brief illnesses of commercial agents

Flexibilization of working hours

Having agreed flexibilization of working hours under its government programme, the Austrian Federal Government instructed the social partners to find a solution to this issue by June 2017.Working-time...

Home
News
Blog
Flexibilization of working hours

Equity investment and crowdfunding

Crowdfunding investment can take the form of debt investment or equity investment. Both types are alternative forms of business or project financing outside the traditional financial system. In a rece...

Home
News
Blog
Equity investment and crowdfunding

The new Financial Market Money Laundering Act

The statutory due diligence obligations of credit and financial institutions concerning the combating of money laundering and terrorism financing are stipulated in Sec 40 seq of the Austrian Federal B...

Home
News
Blog
The new Financial Market Money Laundering Act

Identity verification standards for credit institutions under the Consumer Payment Accounts Act

Implications of the Fourth Anti-Money Laundering Directive1. Access to payment accounts with basic features18 September 2016 saw the entry into force of the Austrian Consumer Payment Accounts ...

Home
News
Blog
Identity verification standards for credit institutions under the Consumer Payment Accounts Act

Target companies are no longer just passengers in merger control proceedings

Upon an application filed by fwp, the Austrian Supreme Court, in its capacity as higher anti-trust court, acknowledged that the target company shall have party status in merger control proceedings bro...

Home
News
Blog
Target companies are no longer just passengers in merger control proceedings

The importance of getting MAC clauses right

A current US case concerning a Material Adverse Change (MAC) clause illustrates how important it is for M&A transactions to provide just the right contractual regulations for the period between ...

Home
News
Blog
The importance of getting MAC clauses right

Are bitcoins electronic money as defined in the E Money Act?

We do live in the virtual age now: there is no way around the Internet. Almost all legal transactions we enter into in our everyday lives can be concluded in the digital world.A logical consequence of...

Home
News
Blog
Are bitcoins electronic money as defined in the E Money Act?

Commercial agents law: Indemnity upon disposal of a company

Concept of commercial agentThe Austrian Commercial Agents Act (Handelsvertretergesetz, HVertrG) regulates the contractual relations between principals and self-employed commercial agents.Commercial ag...

Home
News
Blog
Commercial agents law: Indemnity upon disposal of a company

ECJ introduces a new clear line as to merger control for joint ventures

In a preliminary ruling procedure instigated by the Federal Cartel Prosecutor, the ECJ (European Court of Justice) has now drawn a clear line regarding reviews of joint ventures under merger control l...

Home
News
Blog
ECJ introduces a new clear line as to merger control for joint ventures

Urban development contracts in Vienna

Introduced into the Vienna Building Code by its 2014 Amendment (Bauordnungsnovelle 2014), the instrument referred to as urban development contract (städtebaulicher Vertrag) provides for the right of ...

Home
News
Blog
Urban development contracts in Vienna

General Data Protection Regulation (‘GDPR’) – new rights and obligations for all actors

As from 25 May 2018, the GDPR will apply directly and replace current data protection legislation, viz. Directive 95/46/EC and the Austrian Data Protection Act of 2000 (Datenschutzgesetz 2000, DSG 20...

Home
News
Blog
General Data Protection Regulation (‘GDPR’) – new rights and obligations for all actors

Freedom of expression on the Internet

Discussions on the Internet can be very emotional and stormy; especially when it comes to topics such as politics, climate change or migration insulting posts seem inevitable. But also in case of user...

Home
News
Blog
Freedom of expression on the Internet

Mortgage and real-estate loans – new

The recent Austrian Mortgage and Real-Estate Loan Act (Hypothekar- und Immobilienkreditgesetz, HIKrG) provides a new legal basis for consumer credits which – broadly speaking – are securitised by ...

Home
News
Blog
Mortgage and real-estate loans – new

Land transfer tax is becoming an expensive pitfall

The 2016 reform of Austrian land transfer tax (Grunderwerbsteuer, GrESt) not only resulted in an increase of the tax being caused by the alteration of the assessment base. It also provided for complet...

Home
News
Blog
Land transfer tax is becoming an expensive pitfall

Instalment agreements – Potential risks for debt recovery agencies

Under the Austrian Consumer Loan Act (Verbraucherkreditgesetz, VKrG), businesses granting loans to consumers are required to comply with extensive(i) duties to provide pre-contractual information (e.g...

Home
News
Blog
Instalment agreements – Potential risks for debt recovery agencies

Keyword search

Find your lawyers