Guide on Shareholder Activism & Engagement: Austrian Chapter by Christoph Nauer and Daniel Reiter

Shareholder activist campaigns are on the rise and are increasingly being observed on the Austrian market as well. That is why listed companies are advised to prepare for activist shareholders and their strategies.

The international guide provides a comprehensive overview of the legal framework and developments. The national contributions are made by leading law firms in the field.

Topics covered include: relevant industries and companies, characteristics of activist shareholders as well as strategies and tactics used, campaign approaches and demands (operational, corporate governance, ESG), preparatory and defensive measures as well as defense strategies, framework conditions for proxy fights, disclosure and transparency requirements as well as due diligence obligations of board members and directors.

bpv Huegel is in particular known for its high profile  corporate and capital market advice. The firm is one of the first addresses for listed companies and has comprehensive experience with shareholder activists, shareholder engagement, proxy advisory coverage and proxy fights, high profile take over transactions including hostile takeover defence. In the past 5 years more than 40% of the issuers in the ATX of the Vienna Stock Exchange relied upon bpv Huegel’s corporate law advice.

Shareholder Activism – Dealing with Activist Investors: Legal Strategies and Communication Aspects

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