Welcome to the festive 12th edition of the DRInsider, the quarterly Newsletter of the Wolf Theiss Disputes team, in which we provide an overview of recent developments in CEE/SEE.
When it comes to court decisions in our region, the Croatian High Commercial Court rendered a new interesting decision with regard to the validity of CHF denominated consumer loans by declaring both CHF currency clauses and variable interest clauses null and void. We also present controversial decisions from Romania and Bosnia and Herzegovina which both raise further questions and probably also the need for a new legal framework. While the Romanian Constitutional Court issued a decision regarding the right to lodge a cassation (second) appeal, the Bosnian second instance courts ruled that national courts do not have the jurisdiction to decide on interim measures when parties agreed on arbitration.
With regard to EU law and Austria, as of 1 February 2019 the Trade Secrets Directive 2016/943 will enter into force and thereby become an essential component of Austrian law.
To learn more, please open the attached file.