Austria: Shareholders

The Austrian Supreme Court has ruled that sanctioned shareholders are categorically barred from attending and voting at annual general meetings, following the CJEU's interpretation that shares constitute 'funds' under EU sanctions regulations. The decision confirms that voting rights are frozen alongside asset ownership, though the right to challenge AGM resolutions through judicial review remains intact.

Restructuring & Insolvency Comparative Guide for the jurisdiction of Austria, check out our comparative guides section to compare across multiple countries

In 2015, the EU Commission set up the REFIT Platform (Regulatory Fitness and Performance Programme). The Fit for Future Platform succeeds REFIT.