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 open the attached file.