
The current situation raises many questions in connection with the holding of shareholders’ meetings, in particular whether and under what circumstances meetings may be held.
With the 2nd COVID-19 Act passed on 20.03.2020, the National Council amended the rather unknown provision of Section 69 (2a) IO to include the phrase “epidemic, pandemic”. This means that even in the event of an epidemic or pandemic, as is currently the case, the period for filing for insolvency proceedings is now 120 days.
The impact and response to the COVID 19 pandemic is a challenge for members of corporate bodies. Key issues and actions are outlined below.
In the light of COVID 19 developments, various tax measures are intended to provide support in the event of liquidity bottlenecks. Furthermore, time limits are to be extended.
The economic effects of the COVID 19 pandemic caused depressed stock markets. The crisis and its general economic effects (such as the danger of recession) are clearly no inside information.
For legal questions and measures relating to Covid-19/Corona and its economic impact and of course all other topics, do not hesitate to reach out to your contacts at bpv Huegel.
On 10th and 11th March 2020 the Austrian government announced drastic measures to combat the coronavirus. Our partner Christian F. Schneider explains the main legal bases.
For an overview of current events in competition policy and enforcement in the EU, check out our fourth issue of European Competition Developments for the latest on current events in competition policy and enforcement in Europe put together by our counsel Kajetan Rozga.
Our Partners Astrid Ablasser-Neuhuber and Florian Neumayr contributed a detailed article about the current status as well as the changes in cartel regulation in the Austrian market to the publication “Cartel Regulation 2020” by Lexology and “Getting the Deal Through”
What happens if a participant of a customer retention programme requests the partial erasure of his data? Read about the latest decision of the DPA by our associate Emanuel Hackl
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