Client Alert
A giant leap forward?
The new draft for a restructuring code in Austria On 22 February 2021, the ministerial draft of the Restructuring and Insolvency Directive Implementation Act was published. The law is the eagerly awaited implementation of the Restructuring Directive. In addition to the introduction of a new Restructuring Code (RC), inter alia the Insolvency Code (IO) is […]...
Wirtschaftsrechtliche Blätter: Digitale Finanzplattformen zur Emission von Schuldscheindarlehen (Teil 2)
Der zweite Teil des Artikels zum Thema Digitale Finanzplattformen zur Emission von Schuldscheindarlehen knüpft an die innovativen Geschäftsmodelle der Schuldscheinplattformen an und behandelt die aufsichtsrechtlichen Aspekte des Finanzinstruments Schuldscheindarlehen. DLT-basierte Technologien ermöglichen dabei die Schaffung eines digitalen Kapitalmarkts, der mithilfe digitaler Finanzplattformen auf weitere Kapitalmarktinstrumente erweitert werden soll....
The COVID vaccine in the workplace
THE LEGAL FRAMEWORK FOR EMPLOYERS IN CEE We look at employers’ most common questions about the current Covid-19 vaccination rules in CEE/SEE in this regional analysis. Our lawyers from 10 jurisdictions answer questions such as: Is a business permitted to require employees to be vaccinated against COVID-19? Can an employee be disciplined for refusing to […]...
Harmonising consumer protection in the digital context: the EU digital content directive in Austria
The EU Digital Content Directive (EU) 2019/770, which regulates contracts for the supply of digital content and services, must be transposed into national law by 1 July 2021. By seeking full harmonisation of its content, the Digital Content Directive aims to achieve a high level of consumer protection throughout the EU. It should also benefit […]...
ZIK – Die Anfechtungstatbestände der Insolvenzordnung als „schwerwiegende Rückforderungsvereinbarungen“ gem Art 20 STS-VO?
Der von Matthias Schimka verfasste Beitrag "Die Anfechtungstatbestände der Insolvenzordnung als „schwerwiegende Rückforderungsvereinbarungen“ gem Art 20 STS-VO?" wurde am 18. März 2021 in der ZIK 2021/8, Heft 1/2021 veröffentlicht....
Follow-up: Zeitlich begrenzte Änderungen der Prospektverordnung ab 18.3.2021
Die Europäische Kommission hat am 24.7.2020 ein Maßnahmenpaket für die Erholung der Kapitalmärkte verabschiedet, welches unter anderem Vorschläge für Anpassungen der Verordnung (EU) 2017/1129 beinhaltet. Dieses Maßnahmenpaket wurde am 16.2.2021 vom Europäischen Parlament und dem Rat der Europäischen Union in einer adaptierten Form als Verordnung (EU) 2021/337 beschlossen und tritt ab dem 18.3.2021 in Kraft. […]...
The consumer finance law review: Austria
Mimo Hussein authored the Austria chapter of "The Consumer Finance Law Review" - 5th Edition....
The prospects for the Ukrainian “Google tax”
On 17 February 2021, the draft Law No. 4184 introducing Ukrainian VAT on certain services provided by non-Ukrainian companies via the internet (the so-called “Google Tax”) passed the first reading in the Ukrainian Parliament (the “Draft Law“). The Draft Law is subject to further parliamentary consideration, and in order to become a bill, it must […]...
New state of emergency and stricter Covid rules for employers in the Czech Republic
In addition to the new state of emergency in the Czech Republic that runs until 28 March 2021 and further general restrictions, employers now face stricter measures affecting the workplace. The following are now in effect: Travel between districts (okres) is allowed only where necessary (which permits travel for work) Surgical masks must be worn […]...
Trends and developments in Ukrainian investment regulations
Ukrainian governmental authorities have been actively promoting investments, particularly foreign investment, in Ukraine. Growing appreciation among state authorities that Ukraine has been competing for foreign investment has led to the adoption of laws aimed at facilitating/increasing it. However, as the authorities have come to the conclusion that certain industries and businesses are of a critical […]...
Wirtschaftsrechtliche Blätter – Digitale Finanzplattformen zur Emission von Schuldscheindarlehen
Digitale Finanzplattformen als Alternative zum analogen Kapitalmarkt am Beispiel des Finanzinstruments Schuldscheindarlehen. Der Einsatz von DLT-Systemen und auch der Blockchain-Technologie zur Emission und Abwicklung von Finanzinstrumenten. Der Aufsatz erörtert innovative Geschäftsmodelle digitaler Finanzplattformen im Hinblick auf die rechtlichen Rahmenbedingungen zur Schaffung eines digitalen Kapitalmarkts....
New type of company structure in Poland will create novel solutions for businesses
Starting from 1 July 2021, a new company structure option will be available for businesses in Poland: a simple joint-stock company (prosta spółka akcyjna). This development constitutes an opportunity for existing companies to facilitate their business model and introduce new solutions unavailable in the previous form. However, as these are untested waters, the uncertainties as […]...