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AUSTRIA: SHAREHOLDER MEETINGS AND MEETINGS OF CORPORATE BODIES DURING COVID-19

In the light of the current impacts of Covid-19 and the need to limit personal contacts, Austria has implemented a second set of laws and regulations (2. COVID-19-Gesetz).

Regarding Austrian corporate law, the Austrian legislator implemented the following changes as of 23 March 2020:

Shareholder meetings and meetings of corporate bodies (in particular supervisory board meetings) of corporations, partnerships, cooperations (Genossenschaften) and private foundations (Privastiftungen) may be held without the personal meeting of the respective board members or shareholders. The Federal Minister of Justice is authorized to enact further regulations in this respect. In order to learn more, please download the file below.

 

For further information please contact

Christian Mikosch
Christian
Mikosch
Partner
Austria
Doris Buxbaum
Doris
Buxbaum
Counsel
Austria

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