Competition law amendment 2017

1. May 2017

On 1 May 2017, signifcant changes to Austrian competition law enter into force by means of the Cartel and Competition Law Amendment Act 2017 (Kartell- und Wettbewerbsrechtsänderungsgesetz 2017, „KaweRÄG 2017“ / „amendment“). The Amendment’s key elements as well as a short update on other recent developments, such as the extension of the criminal law provision on leniency in the Criminal Procedure Act (StPO) and the partly controversial proposal for a Directive by the European Commission to increase the powers of national competition authorities, can be found in this newsletter.

Lecture: Legal aspects for company valuations

25. April 2017

Lecture of Prof. Hanns F. Hügel on legal aspects of business valuation in the “Seminar on Company Valuation” of the Johannes Kepler University Linz and the Vienna University of Economics. The practical importance and relevance of legal questions of company valuation was confirmed by the actual participants coming mainly from companies and professional consultants.

bpv Hügel advised RZB on its merger with RBI

21. April 2017

Advice on the merger of Raiffeisen Zentralbank Österreich AG (RZB) with listed Raiffeisen Bank International AG (RBI) – one of the largest transactions in the Austrian banking sector.

Merger Control: Austria introduces transaction value-based notification threshold

20. April 2017

The Austrian Parliament has adopted an amendment to the Cartel Act, introducing a transaction value-based notification threshold into Austrian merger control. The new threshold will be applicable in addition to the existing turnover-based test and will significantly broaden the reach of Austrian merger control. The new rules will become effective as of 1 November 2017.

Publication: Environmental Law

7. April 2017

Christian F. Schneider, partner at bpv Hügel Vienna, and Anna Walbert-Satek, attorney-at-law at bpv Hügel Vienna, have authored the Austrian chapter on Environmental Law and Climate Change Law in the recently published “International Comparative Legal guide to Environment & Climate Change Law 2017”.

bpv Hügel’s tax team advises Ring International Holding on the sale of coatings manufacturer Helios Group to Kansai Paint, Japan

31. March 2017

Ring International Holding AG (RIH) was advised by bpv Hügel’s tax team on the EUR 678 Mio sale of Helios Coatings Group by RIH, GSO and Templeton to Kansai Paint, Japan.

Seminar on current issues in the Austrian Pharmacy Act

23. March 2017

On 6 December 2016 and 23 March 2017, Christian F. Schneider, partner at bpv Hügel Vienna, and Anna Walbert-Satek, attorney-at-law at bpv Hügel Vienna, hold seminars on current issues of Austrian pharmacy law (Academy for Law and Taxes), dealing in particular with the changes in the needs test in the authorisation procedure for new pharmacies which were triggered by recent judgments of the ECJ (Cases Sokoll-Seebacher and Naderhirn) and subsequent changes of the Autrian legal framework.

bpv Legal/Tschechien supports the financing of a new business center in Bratislava

21. March 2017

bpv BRAUN PARTNERS hat Rechtsberatung der österreichischen Gesellschaft Raiffeisenlandesbank Niederösterreich-Wien AG in der Sache der Aufstockung des Kredits von 32 Mio. Euro für die Finanzierung der Errichtung des neuen Business Center Einsteinova in Bratislava erbracht.

24th Seminar on „Recent Developments in Business and Tax Law“ at Vienna University/Law School

20. March - 21. June 2017

The seminar on „Recent Developments in Business and Tax Law“ will be held again by Hanns F. Hügel during the university summer term 2017. The seminar takes place on each Wednesday from 6 pm until 8 pm in lecture room U 11 (basement floor) of the Law Faculty of the University of Vienna (Juridicum), Schottenbastei 10-16, 1010 Vienna

Newly issued: “Handbuch zur Aktiengesellschaft”

20. March 2017

Vienna, March 2017. Leading lawyers from bpv Hügel Attorneys at Law have played a key role in the newly issued handbook on the stock company (2nd edition, 2017, editor: Gratzl, Hausmaninger, Justich, publisher: LexisNexis). The book deals with all important aspects of the stock company, whereby publishers and authors put special emphasis on practical orientation and relevance.