Client Alerts

On 7 October 2020, a liquidity state aid scheme became active in Romania worth RON 4 billion (EUR 820 million). Designed to provide access to finance for companies facing a liquidity shortage caused by Covid-19, the scheme provides subsidized interest loans and guarantees on loans. Available to large enterprises and SMEs, aid will be granted […]...

On 1 October 2020, a new amendment to the Commercial Code and related laws became effective in Slovakia, introducing, among other things, several important changes concerning the liquidation of companies. The changes arguably approximate, to an extent, the legal regime of liquidation with that of insolvency, with the aim of affording more protection to creditors. […]...

The Romanian Trademarks Law has been recently and substantially amended. An important change means that now when class headings are used to designate the scope of protection in trademark applications, they will not be interpreted as covering all goods or services in their class but will rather be interpreted literally. Proprietors of existing trademark registrations […]...

The Austrian chapter in the Asset Tracing and Recovery Review provides an overview of the most relevant provisions under Austrian law with respect to the recovery of assets deprived through fraudulent conduct. It focuses on the interaction of legal rights and remedies in civil and criminal proceedings regarding inter alia obtaining evidence, seizure of assets and damages claims. Furthermore, international aspects as conflict of laws, international judicial assistance, enforcement of judgments rendered abroad are covered....

Leopold Höher authored the Austrian chapter in the 6th edition of The Lending and Secured Finance Review. His contribution offers a comprehensive overview on legal topics to be considered in the context of doing finance in Austria, including regulatory developments, tax considerations, collateral structures and related aspects....

More than one month after the pivotal Schrems II decision of the Court of Justice of the European Union (CJEU), companies may still find themselves without clear guidance for the transfer of personal data to the US. The CJEU only defined key areas which must be reviewed when assessing the legal framework of the third […]...

Wolf Theiss M&A partner Florian Kusznier has contributed the Austrian chapter to Lexology's 2020 "Getting the Deal Through – Public M&A" guide, summarizing M&A transactional requirements and procedures governing publicly listed companies. The guide covers areas including types of business combinations, filings and public disclosure requirements, substantial shareholding regulations, shareholder rights of approval and appraisal, hostile transactions, break-up fees and frustration of additional bidders, conditional offers and minority squeeze-out....

The National Assembly of the Republic of Srpska (RS) enacted the Law on Changes and Amendments to the Concession Law which entered into force on 24 July 2020. The Law was published in the Official Gazette of RS no. 70/20. To learn more, please open the attached file....

The Association of the Austrian Pharmaceutical Industry has amended the PHARMIG Code of Conduct, effective as of 1 July 2020. All PHARMIG members (currently more than 100 companies) must comply with the code. The new changes include a new prohibition on product branding, a ban on undue benefits for representatives of healthcare or patient organisations, […]...

After a 10-year statutory ban on gambling, Ukraine has made a move towards the creation of a regulated gambling market. Even though the topic remains highly debated in Ukrainian society, it is expected that legalization of gambling should facilitate bringing numerous illegal business operators out of the shadows and attract foreign providers. On 11 August […]...

Valentina Wong and Alexander Zollner authored the Austrian chapter in the 11th edition of The Law Reviews' International Arbitration Review. Their contribution offers a comprehensive overview on topics which arise frequently in arbitrations, such as appointment and challenges of arbitrators, interim measures and judicial assistance, recognition and enforcement of arbitral awards as well as a review of the recent developments affecting international arbitration over the last year....

Legal communication in Croatia is moving online, including with the courts. By 1 September 2020, companies should register their email address in the court registry and implement the new e-communication system with the courts. The companies can also learn how to comply with e-signature requirements and how to complete contracts online. To learn more, please […]...