ECJ ruling on data transfer to the USA

20 July 2020

As is well known, data may only be transferred to the USA if the requirements of Chapter V of the GDPR are fulfilled, thus essentially ensuring that the data enjoy the same fundamental protection afforded at European level.

Guide on Remuneration Policy – Say-on-Pay on Executive Remuneration in Austria

28 May 2020

Say-on-pay put a spotlight on executive remuneration of listed companies. The Guide shall support the members of the supervisory board and the members of a remuneration committee to comply with their duties imposed upon them.

COVID-19 Legal Update: Court proceedings via video conference

25 May 2020

According to the previous “Corona legal situation”, oral hearings were only to be held if, after careful consideration of all circumstances, the continuation of the proceedings appeared to be urgently necessary and the public interest in preventing the dissemination of COVID-19 did not prevail. Furthermore, restrictions apply to the operation of the court. In order to avoid a backlog of negotiations, the possibility of holding hearings via video conference has now been established:

COVID-19 Legal Update: Virtual Supervisory Board, Shareholder and General Meetings

20 April 2020

The COVID Company Law Act and its implementing regulation (“COVID-19-GesV”) bring long-awaited simplifications, in particular for virtual assemblies of stock corporations and limited liability companies and their corporate bodies.

COVID-19 Legal Update: Förderrichtlinien des Corona Hilfs-Fonds

16 April 2020

Am 08.04.2020 wurde aufgrund des § 3b Abs. 3 des ABBAG-Gesetzes, BGBl. I Nr. 51/2014, zuletzt geändert durch das 3. COVID-19-Gesetz, BGBl. I Nr. 23/2020, die Verordnung des Bundesministers für Finanzen betreffend Richtlinien über die Ergreifung von finanziellen Maßnahmen, die zur Erhaltung der Zahlungsfähigkeit und zur Überbrückung von Liquiditätsschwierigkeiten von Unternehmen im Zusammenhang mit der Ausbreitung des Erregers SARS-CoV-2 und den dadurch verursachten wirtschaftlichen Auswirkungen geboten sind („Corona Hilfs-Fonds VO“), kundgemacht (BGBl. II Nr. 143/2020).

COVID-19 Legal Update: Effects on litigation proceedings

15 April 2020

In legal proceedings, all procedural time limits whose triggering events occurred after 22 March 2020 or had not yet expired by that date are currently suspended. The time limits will begin to run anew on 1 May 2020.

COVID-19 Legal Update: Heimarbeitsplätze als Datensicherheitsrisiko in der Corona-Krise – Wie ist vorzusorgen und was ist im Ernstfall zu tun?

14 April 2020

Telearbeit oder auf Neudeutsch Home Office sind mittlerweile zu Buzzwords der Corona-Krise geworden. Unter Telearbeit versteht man im Allgemeinen Tätigkeiten, die räumlich entfernt vom Standort des Arbeitgebers durchgeführt werden und deren Erledigung durch eine kommunikationstechnische Anbindung an die IT des Arbeitgebers unterstützt wird.

COVID-19 Legal Update: State aid aspects – 2nd UPDATE

9 April 2020

The European Commission extended its temporary COVID-19 aid framework on 03.04.2020. Our partner Christian F. Schneider provides an update on current EU state aid law aspects.

COVID-19 Legal Update: Changes in insolvency law II

7 April 2020

On 3 April 2020, the National Council passed the 4th COVID 19 Act (Federal Law Gazette I No. 23/2020), which introduced a number of new and more stringent provisions in the area of insolvencies. These are briefly presented and also critically examined below.

COVID-19 Legal Update: rules governing general meetings and shareholders’ meetings, annual accounts, and notarial deeds

6 April 2020

The current situation raises many questions in connection with the holding of planned general or shareholders’ meetings, supervisory board meetings, the filing of annual accounts or the establishment of notarial deeds. The COVID Act on Corporate Law (Federal Law Gazette I No. 16/2020) has already made some necessary adjustments to the current situation. With the 4th COVID 19 Act (Federal Law Gazette I No. 23/2020), further simplifications with regard to meetings, annual accounts and notarial acts come into force, the majority of which are aimed at reducing personal contacts to the necessary minimum.