Client Alert
Legal insights on corporate governance – Czech Republic, Poland and Romania
Czech Republic What are the current topical issues, developments, trends and challenges in corporate governance? There are a number of issues relating to the amendment to the Business Corporations Act, which are as follows: One-tier Board structure The powers of the Board of Directors were redefined with respect to the difficulties with division of powers […]...
Special issues arising when taking evidence from state parties
Wolf Theiss lawyers Stefan Riegler, Dalibor Valincic and Oleg Temnikov analyse the involvement of state parties in arbitration, which may imply specific procedural issues. Concluding the discussion of the topics below is a short commentary on practical implications. Which rules apply? IBA Rules, Article 9 Grounds of commercial or technical confidentiality in practice Special political […]...
The shareholder rights and activism review – Austria chapter
2020 saw a downward trend in the proportion of M&A-related activist campaigns due to a slower M&A activity, whereby M&A remained the most common campaign objective. However, recent activism-related trends indicate that the global and Austrian landscape is shifting, and companies' strategies for dealing with activism should therefore also evolve. ESG activism gained momentum and the pressure for public companies to adhere to best ESG practices will continue to intensify. Sarah Wared's contribution deals as a primer on the aspects of shareholder activism in Austria....
Austria chapter in the lending and secured finance review
Leopold Höher authored the Austria Chapter in the 7th edition of The Lending and Secured Finance Review....
Life sciences in CEE after COVID-19: growth, decline or stagnation?
Despite the pandemic, the CEE M&A market in Life Sciences / Healthcare remains stable with substantial growth expected The M&A market in this sector remained active in 2020 in Central and Eastern Europe, and investors have actually been showing increasing interest because the pandemic has not impacted its performance. Quite to the contrary, the pandemic […]...
Medien und Recht: Urheberrechtliche Aspekte von Non-Fungible Token
Artikel "Urheberrechtliche Aspekte von Non-Fungible Token" verfasst von Georg Kresbach und Elisabeth Zhang in Medien und Recht 4/21....
Romania: What it takes to sign employment documents electronically?
Under Romanian law, employment contracts must be concluded in writing for validity purposes. This justifies the extra care companies invest in a legally binding execution of these documents, as well as the growing interest in E-signing employment documents in Romania. On 25 July 2021, Law 208/2021 amending and supplementing GEO 36/2021 entered into force. Law […]...
Nachhaltigkeit und Vergaberecht: Neue Entwicklungen in Österreich
Aktionsplan nachhaltige Beschaffung – die neuen naBe-Kriterien Neues Straßenfahrzeuge-Beschaffungsgesetz Am 23. Juni 2021 hat die Bundesregierung den aktualisierten Österreichischen Aktionsplan für eine nachhaltige öffentliche Beschaffung inklusive naBe-Kernkriterien beschlossen. Der naBe-Aktionsplan will öffentliche Auftraggeber bei der nachhaltigen Beschaffung unterstützen, indem er für 16 Beschaffungsgruppen konkrete Anforderungen definiert. Darüber hinaus wurde am 8. Juli 2021 das neue […]...
Recent real estate & construction developments in Romania
The Romanian Government is preparing to draft and adopt new significant legislation concerning real estate and especially the construction environment. Named “The Spatial Planning, Urbanism and Construction Code” (hereinafter named the “Code”), is a very ambitious plan to reform existing and rather dusty legal norms which have been in place for many years. On 16 […]...
Jab of compliance for companies in Central and Eastern Europe
The increased focus of companies in Central and Eastern Europe (CEE) in tackling large-scale corruption through corporate criminal liability has resulted in an increasing number of companies being prosecuted each year. Companies have, therefore, been paying closer attention to their compliance efforts. Jitka Logesová, Jaromír Pumr and Aleksandar Ristic contributed to the 2021 edition of […]...
International data transfers: EDPB’s final recommendations on ‘supplementary measures’
On 18 June 2021, the European Data Protection Board adopted its final version on ‘supplementary measures’ for data transfers to third countries. The initial version from November 2020 received wide attention but left questions for the future of data transfers to third countries such as the U.S. The new guidelines favour a risk-based approach allowing […]...
Czech Republic: The senate has approved the “Kuzrzarbeit” programme to provide more Covid relief to companies
The Czech Senate has approved a new partial-unemployment aid scheme intended to provide added relief and support to companies still struggling to cope with the economic consequences of the Covid-19 pandemic. The programme has been labelled the “Kurzarbeit” scheme as it draws inspiration from the Kurzarbeit programme in Germany. The Kurzarbeit programme provides for a […]...