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Epidemics Act – what measures does it provide for and what about compensation for the closing of business establishments?

Both the Epidemics Act and the COVID-19 Measures Act (COVID-19 Maßnahmengesetz) provide for measures to contain COVID-19. However, there are differences in the compensation rules. Businesses affected...

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Epidemics Act – what measures does it provide for and what about compensation for the closing of business establishments?

Company financing – qualified subordinated loan

For quite a few years now, terms like “crowdfunding” and “public participation” have been popular catchwords in company financing, especially where funding for SMEs is concerned.Although it to...

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Company financing – qualified subordinated loan

COVID-19: Finance update – 3rd, 4th and 5th COVID-19 Act

In the context of the COVID-19 pandemic, the Austrian Parliament adopted the 3rd, 4th and 5th COVID-19 Act on 3.4.2020. Some points from these laws are also of particular relevance for financing pract...

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COVID-19: Finance update – 3rd, 4th and 5th COVID-19 Act

COVID-19 – Guarantees for bridge financings granted to the hotel and tourism industry

For the purpose of compensating for liquidity shortages due to short-term decreases in turnover, Österreichische Hotel- und Tourismusbank Ges.m.b.H. (ÖHT) provides guarantees for bridge financings t...

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COVID-19 – Guarantees for bridge financings granted to the hotel and tourism industry

COVID-19: Finance Update: Best Practice Finance / LMA Financing

In the context of the current COVID 19 pandemic, the Loan Market Association (LMA) has published initial briefings that highlight the obvious needs for action in connection with ongoing LMA / LMA “a...

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COVID-19: Finance Update: Best Practice Finance / LMA Financing

COVID-19 – bridging insolvency by way of government support

The COVID-19 pandemic is pushing many enterprises to the brink of insolvency. To mitigate the adverse economic effects and to prevent a flood of insolvencies, the Austrian government has taken multipl...

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COVID-19 – bridging insolvency by way of government support

COVID-19: finance update - Deferment of loans for consumers and microenterprises

Owing to the COVID-19 pandemic, the liquidity of many borrowers is strained; the same holds true for consumers (for example in cases where the employment relationship has been terminated) and microent...

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COVID-19: finance update - Deferment of loans for consumers and microenterprises

COVID-19: Finance Update – aws bridge- and credit deferral guarantees

The current COVID 19 pandemic has a massive negative impact on the liquidity situation of many small- and medium-size companies, particularly due to short-term changes in supply chains and customer re...

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COVID-19: Finance Update – aws bridge- and credit deferral guarantees

COVID-19: Finance Update - OeKB Export-Financing Support

In light of the current COVID-19-pendemy and the challenging situation linked with such development for all companies, the Republic of Austria is providing via the Federal Ministry of Finance to expor...

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COVID-19: Finance Update - OeKB Export-Financing Support

COVID-19 – Labour law

In the field of labour law, the measures to mitigate the consequences of fighting the spread of the coronavirus concern, in particular, short-time working and special care time for parents.Access to ...

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COVID-19 – Labour law

COVID-19: time limits and emergency procurements in times of crisis

Suspension of time limitsWith the 2nd COVID-19 Act, the time limits for the submission of review, preliminary and declaratory proceedings in award procedures were suspended. As a result, the important...

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COVID-19: time limits and emergency procurements in times of crisis

COVID-19 - virtual meetings of shareholders

Since the Second COVID-19 Act (2. COVID-19-Gesetz) (Federal Law Gazette I No. 16/2020) entered into force, for the purpose of preventing the spread of COVID-19, meetings of shareholders and meetings o...

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COVID-19 - virtual meetings of shareholders

COVID-19 consequences for the operation of construction sites

Beside other economic sectors, the current crisis is affecting also the construction industry. Despite the measures ordered on the basis of the COVID-19 Measures Act, construction sites are currently ...

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COVID-19 consequences for the operation of construction sites

COVID-19 – Data protection law aspects

The recording of confirmed and suspected cases of coronavirus infections is a core measure for containing the spread of the virus. Data on coronavirus infections or suspected cases is considered sensi...

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COVID-19 – Data protection law aspects

COVID-19 - consequences for notarial services

Establishing a public document generally requires the respective party appearing personally before the respective authenticating official/body (notary, court).In order to prevent the further spread of...

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COVID-19 - consequences for notarial services

COVID-19 - Changes concerning waste management industry, green electricity suppliers and cable car operators

The changes in the Fourth COVID-19 Act have brought about facilitations for opera-tors subject to the 2003 Cable Car Act (Seilbahngesetz 2003), the 2002 Waste Man-agement Act (Abfallwirtschaftsgesetz ...

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COVID-19 - Changes concerning waste management industry, green electricity suppliers and cable car operators

COVID-19 Update: Aspects related to competition law

Competitors acting in conformity with the law may, under certain circumstances, successfully assert claims for injunctive relief or damages under the 1984 Federal Act against Unfair Competition (Bunde...

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COVID-19 Update: Aspects related to competition law

COVID-19 Export bans in the medical devices sector

The outbreak and the fast global spreading of COVID-19 caused a significant increase in the demand for medical goods in many countries.As a reaction to the current circumstances, on 14 March 2020 the ...

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COVID-19 Export bans in the medical devices sector

Covid-19 state aid

On 19 March 2020, the European Commission adopted a Temporary Framework[1]. The purpose of said Temporary Framework is to enable Member States to use the existing State aid possibilities in their enti...

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Covid-19 state aid

Investment Control Act: New Rules for foreign Direct Investments in Austrian

The new legal framework for the control of foreign "direct investments" in Austrian companies operating in the area of critical infrastructure and certain sensitive areas is in force since 25 July 202...

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Investment Control Act: New Rules for foreign Direct Investments in Austrian

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