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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 – Loss or reduction of rent for business premises due to COVID-19

1. Loss or reduction of rent for business premisesPursuant to section 1104 Austrian Civil Code (Allgemeines Bürgerliches Gesetzbuch, ABGB), a lessee/tenant is not obligated to pay rent if the l...

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COVID-19 – Loss or reduction of rent for business premises due to COVID-19

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 – 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 - What will happen to currently running time limits in administrative proceedings?

Along with the Second COVID-19 Act, a COVID-19 Accompanying Act on Administrative Law (Verwaltungsrechtliches COVID-19-Begleitgesetz, COVID-19-VwBG) was adopted affecting, among other things, time-lim...

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COVID-19 - What will happen to currently running time limits in administrative proceedings?

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?

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

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 Finance Update

Subsidies to cover Fixed Costs for compensating Loss of Revenue On 25 May 2020 the ordinance of the Austrian Federal Minister of Finance pursuant to Section 3b para 3 of the ABBAG Act (ABBAG-Gesetz)...

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COVID-19 Finance Update

COVID-19 act: Innovations for accommodation establishments and events

From 29.5.2020, accommodation establishments may open their doors again. The following points must be considered: A distance of at least one meter must be kept from other persons who do not live in t...

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COVID-19 act: Innovations for accommodation establishments and events

Epidemic Act: second chance for compensation

Epidemic Act: second chance for compensation With the amendment of the Epidemic Act, the discussion about compensation has gained momentum again. The exclusion of the right to compensation for loss ...

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Epidemic Act: second chance for compensation

New rulings of the Constitutional Court on COVID-19 measures of the Federal Government

Neue Entscheidungen des VfGH über COVID-19-Maßnahmen der Bundesregierung On 22 July 2020, the VfGH published new rulings on the COVID-19 package of measures of the Federal Government.The decisions ...

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New rulings of the Constitutional Court on COVID-19 measures of the Federal Government

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: 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

Risks imposed by breaches of contract in public procurement – key take aways from current case law

The Federal Procurement Act 2018 ("BVergG 2018") has been in force for about two years and has, among other things, brought new reasons for the exclusion of bidders. Current case law shows that bidde...

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Risks imposed by breaches of contract in public procurement – key take aways from current case law

JUVE: What does the alignment of the legal positions of workers and employees mean?

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JUVE: What does the alignment of the legal positions of workers and employees mean?

Is the amendment of the Burgenland Space Planning Act putting an end to the photovoltaic revolution?

The review period for the Renewable Energy Expansion Act (Erneuerbaren-Ausbau-Gesetz, EAG) running until 28 October 2020 has not expired yet, however, a first obstacle is presenting itself which could...

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Is the amendment of the Burgenland Space Planning Act putting an end to the photovoltaic revolution?

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