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Court finds no need for 'adequate issue price' in capital increase case
- Schoenherr
- -
- Austria
- -
- May 13 2013
The Supreme Court recently considered how a minority shareholder should react if the majority shareholder overrules it on a capital increase resolution that subsequently leads to the dilution of its holding
New law will make establishing limited liability companies easier and cheaper
- Schoenherr
- -
- Austria
- -
- May 7 2013
A draft of the new act amending the company laws was recently revealed
Corporate governance in the context of corporate restructurings
- Schoenherr
- -
- Austria
- -
- September 10 2012
Overcoming so-called “agency problems” occupies centre stage in corporate law
Promotional bonuses in austria: still problematic
- Schoenherr
- -
- Austria
- -
- September 10 2012
Despite recent rulings by the Court of Justice of the European Union (CJEU) and the Austrian Supreme Court factually invalidating the Austrian prohibition in principle on offering B2C promotional bonuses, companies intending to use this marketing tool may still face obstacles
A good supervisory board may be an asset to a company but what happens if no board is set up?
- Schoenherr
- -
- Austria
- -
- September 10 2012
By law, every Austrian stock corporation must have a supervisory board
Austria: amendment of GmbH-articles introducing pre-emption rights no longer requires notarial deed form
- Schoenherr
- -
- Austria
- -
- November 16 2011
Pursuant to Sec 76 of the Austrian Act on Limited Liability Companies (GmbHG), agreements on a transfer of shares in a GmbH must be drawn up in the form of an Austrian notarial deed
Court rules on invalidity due to poor knowledge of German language
- Schoenherr
- -
- Austria
- -
- October 31 2011
According to Section 63(1) of the Notaries Code, when drawing up a notarial deed, a party whose language capabilities are insufficient to understand the document and its consequences fully must be assisted by a sworn and court-certified translator
Second Stability Act 2012 improves corporate governance
- Schoenherr
- -
- Austria
- -
- July 23 2012
The Second Stability Act amends the Stock Corporation Act and the Commercial Code
Conflict of interest may justify immediate recall as board member
- Schoenherr
- -
- Austria
- -
- September 24 2012
Members of the management board of an Austrian stock corporation are appointed for a definite period and may be recalled before the expiration of their tenure only for cause
Amendment of GmbH - articles introducing pre-emption rights no longer requires notarial deed form
- Schoenherr
- -
- Austria
- -
- March 4 2011
Pursuant to Sec 76 of the Austrian Act on Limited Liability Companies (GmbHG), agreements on a transfer of shares in a GmbH must be drawn up in the form of an Austrian notarial deed
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