Austria: Compliance

When a cybersecurity incident strikes on a Friday afternoon, manufacturers of digital products face a critical 24-hour window to report under the EU's Cyber Resilience Act. With penalties reaching EUR 15 million or 2.5% of global revenue, understanding when the notification clock starts ticking has become a high-stakes compliance challenge that demands immediate attention and careful preparation.

The Council has adopted its position on the EU Pharmaceutical Package at first reading, with legally and linguistically revised texts now available. While the main elements of the political compromise remain intact, several clarifications warrant attention as companies refine their implementation plans and the legislative process continues toward completion.

The Council has adopted its position on the EU Pharmaceutical Package at first reading, with legally and linguistically revised texts now available. While the main elements of the political compromise remain intact, several clarifications warrant attention as companies refine their implementation plans. This analysis identifies the most relevant changes in the Council's revised texts, assesses their practical significance, and outlines the next steps in the legislative process.

Po poměrně turbulentním legislativním procesu nakonec Evropský parlament přijal dne 24. 4. 2024 směrnici o náležité péči podniků v oblasti udržitelnosti...

In the case Thomas Pinter v Registrar of Companies decided on the 22nd April 2022, the Commercial Court presided by the Honourable Judge Dr Ian Spiteri Bailey upheld the applicant's request for the revival of a Company.

Under Austrian criminal law, criminal offences are classified as either felonies (Verbrechen) or misdemeanours (Vergehen). The Austrian Criminal Code (Strafgesetzbuch or StGB) defines felonies...

Directive 2011/83/EU of 25 October 2011 on consumer rights and the Fern- und Auswärtsgeschäfte-Gesetz impose many information obligations on traders before the consumer is bound by a distance or off-premises contract, ...

In a high-profile case of global interest, the Austrian Constitutional Court ruled on the Squeeze Out Act (the "Act") that was introduced in 2006.

Can there be too much transparency regarding beneficial owners of companies, other legal persons or trusts? This interesting question was discussed at the CMS Business Breakfast in early March ...