Client Alert

10 October 2021 is the final deadline for the submission of information and documents with respect to the Ultimate Beneficiary Owners (UBO) of Ukrainian legal entities. There is a possibility, however, that this deadline may be extended (presumably to July 2022) if the Parliament of Ukraine adopts the draft law which, among other things, provides […]...

THE AMENDMENT OF THE HOUSING ACT BRINGS SIGNIFICANT CHANGES FOR COMMERCIAL LEASE RELATIONSHIPS On 19 June 2021, the amendment to the Housing Act  entered into force and brought a number of changes regarding Slovenian real estate legislation. With respect to the leasing of business premises, the amendment significantly changed commercial leasing regulation by repealing the […]...

The legal status of cryptocurrencies in Ukraine remained unresolved for quite some time. In the absence of a clear regulatory environment, the Ukrainian central bank declared cryptocurrencies (Bitcoin) as quasi-money/a monetary substitute, while issuing warnings about the risk of transactions in cryptocurrencies and even found signs of pyramid schemes in these transactions. At some point, […]...

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 […]...

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 […]...

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....

Leopold Höher authored the Austria Chapter in the 7th edition of The Lending and Secured Finance Review....

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 […]...

Artikel "Urheberrechtliche Aspekte von Non-Fungible Token" verfasst von Georg Kresbach und Elisabeth Zhang in Medien und Recht 4/21....

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 […]...

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 […]...

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 […]...