Wolf Theiss

Client Alerts

Newssquare The Austria Chapter in The Lending and Secured Finance Review – 6th Edition

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.

Newssquare PROPRIETORS OF ROMANIAN TRADEMARKS MAY CLARIFY THE SCOPE OF GOODS AND SERVICES BY 30 SEPTEMBER 2020

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 using class headings in Romania have the possibility of clarifying the relevant scope before the deadline of 30 September 2020.

To learn more, please download the attached file.

Newssquare The Law Reviews' International Arbitration Review - Austria

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.

Newssquare The future of Data Transfers to the US

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 country. In the same decision, the CJEU upheld the general validity of Standard Contractual Clauses (SCCs). However, where SCCs alone cannot provide an adequate level of protection, contractual frameworks must be amended by additional measures.

 

For more details, please download the file below.

Newssquare Public M&A in Austria - Lexology, Getting The Deal Through

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.

Newssquare Ukraine: New Gambling Legislation now in Effect

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 2020, the Law "On State Regulation of Organizing and Running Gambling" (registration no. 2285-д) (the "Gambling Law") was signed into law by the President of Ukraine. The new legislation became effective on 13 August 2020, except for certain provisions (such as e.g. related to the State Online Monitoring System).

In order to learn more,...

Newssquare Hungary: new rules on employees' legal capacity to work while in official home quarantine

Hungary has changed its rules regarding employees' legal capacity to work in the duration of the officially mandated home quarantine. Previously, employees returning from travel abroad who were required to remain in official home quarantine could be declared "unable to work" and could be entitled to sick pay.

With the issuance of the Government Decree 398/2020. (VIII. 12.), individuals who are subject to official home quarantine after travel cannot be considered "incapable of work" and they are not entitled to sick pay. Despite the new decree, there is a contradiction in the new legislation and the relevant legal act.

We have provided our analysis of the situation and specific...

Newssquare CHANGES AND AMENDMENTS TO THE CONCESSION LAW IN THE REPUBLIC OF SRPSKA

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 download the file below.

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