Articles
Austria’s Corporate Law Amendment Act 2023: The flexible company and the reduction of the minimum share capital of the (ordinary) limited liability company
A new legal company form and the reduction of the minimum share capital of limited liability companies is expected to make Austria more attractive in the international corporate landscape, particularly for start-ups and venture capital companies. According to the current draft law, the so-called flexible company (FlexCo) is introduced as a new corporate legal form […]...
Legal aspects of mergers and acquisitions in volatile markets
A glimpse at legal challenges in mergers and acquisitions within an uncertain business environment. Mergers and acquisitions play a vital role in companies’ lives – serving both as a tool to boost business growth by adding new components to existing structures, but also as a means of creating new synergies between the ‘old’ and the […]...
Hungary Chapter in Lexology In-Depth: Executive Remuneration
In-Depth: Executive Remuneration is a global overview of the most critical areas of law affecting executive remuneration – including tax, employment, securities and other aspects of corporate law. With a focus on recent developments in key jurisdictions, including Hungary, it analyses the practical effects of the various rules and regulations governing the employment of both […]...
Tax aspects of the amendment to Poland’s Code of Commercial Companies for cross-border reorganisations
This article is also available in Polish below. As at 15 September 2023, the amendments to the Code of Commercial Companies have brought with them an element of novelty to the landscape of cross-border reorganisations. Said novelty involves the introduction of a certificate of compliance of the cross-border reorganisation with Polish law. The certificate is […]...
Growing uncertainty: observations within the M&A market
This article is also available in Polish. Is the M&A market facing a further slowdown due to the macroeconomic situation? Or, following the recent parliamentary elections in Poland, will the market quickly rebound after a brief pause and continue to experience the best economic period in modern history? Can we expect more records to be […]...
Tax aspects of the amendment to Poland’s Code of Commercial Companies in domestic company reorganisations
This article is also available in Polish. This article focuses on the tax aspects of changes to the law that have a domestic impact. Tax aspects of changes regarding international reorganisations have been addressed in the following article. The amendments introduced to the Code of Commercial Companies on 15 September 2023, which provide for new […]...
BVwG: Darf sich der Auftraggeber auf Bieterangaben verlassen, oder muss er nachforschen?
Welche Angaben eines Bieters im Angebot muss der Auftraggeber hinterfragen? Welche Prüfungstiefe ist erforderlich, wenn das Ausscheiden des Bieters hiervon abhängt? In der aktuellen Ausgabe der ZVB behandeln unsere Vergaberechtsexperten Phillip J. Marboe und Nina Lassner eine solche Situation. Sie erörtern die unterschiedlichen Rechtsfolgen, die sich aus der fehlenden Eignung eines notwendigen Subunternehmers ergeben können. […]...
Key amendment to the Code of Commercial Companies in cross-border company reorganisations
This article is available in both English and Polish. The new provisions of the Code of Commercial Companies, which came into force on 15 September 2023, include a number of changes regarding cross-border and domestic mergers, divisions and conversions of commercial law companies. This is yet another major amendment to the Act, introduced less than a […]...
The Asset Tracing and Recovery Review 11th edition: Austria
As bad actors continue to develop new and innovative ways to channel illegally obtained money, asset tracing and recovery has become increasingly complex. While the Austrian legal system provides helpful and effective remedies in this regard, new laws and regulations are regularly established to keep up with and prevent these new types of fraudulent acts […]...
Key amendment to the Code of Commercial Companies in domestic company reorganisations
The amendment to the Code of Commercial Companies (CCC), which came into force on 15 September 2023, introduced the possibility of dividing commercial companies by separation – that is, in essence, the creation of subsidiaries within which property can be transferred using the principle of general succession. A number of changes have also been introduced […]...
Q&A on CSRD and ESG reporting within the EU
With the ever-increasing focus on sustainability and transparency in business within the EU, the implementation of compulsory CSRD and ESG reporting is set to apply to a broader range of companies. Birgit Kraml and Jela Mohr, contract partner and ESG Manager at Wolf Theiss in Vienna, answer this Q&A providing insight into the nature of […]...
European Commission Adopts Merger Simplification Package – Cutting Red Tape for Merging Businesses?
On April 20, 2023, the European Commission (“Commission”) adopted a merger simplification package (“Package”) aimed at simplifying the Commission’s review of concentrations under the EU Merger Regulation. The core of the Package is the expansion of the categories of cases which can be treated under the Commission’s simplified procedure. In addition, the Package aims to […]...