Wolf Theiss

THE NEW AUSTRIAN INVESTMENT CONTROL ACT: A PRACTICAL ASSESSMENT

In mid-July, the Austrian legislature passed a new Investment Control Act – ICA (Investi-tionskontrollgesetz – InvKG) as proposed by the Austrian Federal Government. It is expected to enter into force and apply shortly after being signed by the Federal President and the Federal Chancellor and its publication in the Official Gazette (Bundesgesetzblatt – BGBl).

By way of introducing an approval requirement connected to a statutory condition precedent, the ICA establishes a rigid national foreign direct investment control regime. It will affect a broad range of M&A transactions that, directly or indirectly, involve control rights in Austrian companies active in defined industry sectors.

In order to learn more, please download the file below.

For further information please contact

Horst Ebhardt
Horst
Ebhardt
Partner
Austria
Florian Kusznier
Florian
Kusznier
Partner
Austria
Kurt Retter
Kurt
Retter
Partner
Austria

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