Article
Frozen Shares, Frozen Votes: Austria’s Supreme Court Locks Sanctioned Shareholders Out Of The Boardroom
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.
KNOETZL HAUGENEDER NETAL Rechtsanwaelte GmbH