
A conversation with Florian Neumayr, Co-Managing Partner and Co-Chair of the Competition and Antitrust Practice Group at bpv Huegel on key issues on merger control in Austria
The programme of the turquoise-green government for the years 2020-2024 comprises a total of 328 pages. Only the pages 40-43 are covering the real estate industry. What can be expected in the new legislative period?
Changes to the Beneficial Owner Register Act (Wirtschaftliche Eigentümer Register Gesetz “WiEReG”) will come into force on 10 January 2020. The most drastic change is the possibility of access to the register for everyone. This is not justified especially in the case of family private foundations and would not be necessary pursuant to the EU directive.
With the announcement of ams late evening on a Friday at the beginning of December 2019, that the “acceptance threshold for ams’ takeover offer for OSRAM is satisfied”, one of the longest and most controversial takeover battles in the past years brought a happy ending for Austrian ams for the time being.
It will take a little more than half a year for the new EU directive on the posting of workers (2018/957/EU) to be transposed into the national law of the member states.
With ISS and Glass Lewis, two of the most influential Proxy Advisers disclosed updates of their Voting Policies regarding Continental Europe for the upcoming season 2020. As expected with focus on board matters as well as executive remuneration (say on pay).
The daily business of a company is simply inconceivable without the processing of data and it is difficult to imagine constellations in which a company does not process personal data.
Competition never sleeps: For an overview of current events in competition policy and enforcement in the EU, check out our third 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 and our associate Raphaela Grünmann.
The German article by Christian F. Schneider provides an overview of current jurisdictions on Austrian and European electricity and gas law issued since 1.1.2018.
To the great relief in the real estate industry, the “Bestellerprinzip” for lease agreements did not yet come before the election, but according to the media, it is far from being off the table.
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