Facing Change
Liability for corporate governance in today’s volatile world
As the rules regarding ESG reporting are strengthened and modernised, environmental, social and corporate governance matters gain momentum and importance among an increasing number of companies across Europe. The pressure is on to not only become more environmentally sustainable (“E”) and to positively impact wider society and the workplace itself (“S”), but also to implement […]...
Legal aspects of mergers and acquisitions in volatile markets
A glimpse at legal challenges in mergers and acquisitions within an uncertain business environment. Mergers and acquisitions play a vital role in companies’ lives – serving both as a tool to boost business growth by adding new components to existing structures, but also as a means of creating new synergies between the ‘old’ and the […]...
The transposition of the Collective Redress Directive in Austria: What to expect
By 25 June 2023, the transitional provisions of the Collective Redress Directive should have been applicable throughout the EU. Austria – like several other EU Member States – did not meet this deadline. The following article deals with potential transposition options, for the Collective Redress Directive, by the Austrian legislator. 1. Collective redress in Europe […]...
Evidence Regulation on the verge of becoming a reality
Securing e-evidence and establishing efficient procedures is key. The E-Evidence Regulation (Council document 5448/23) will enable relevant authorities to address judicial orders for electronic evidence directly to service providers in other member states. Those who fail to respond to these orders within 10 days, or even within 8 hours in urgent cases, will face fines […]...
Romanian government publishes draft technical procedures for the establishment of crypto-currency exchange and custodian wallet providers
Following two (2) years of uncertainty, at the behest of the Romanian Government, the Ministry for Finance published the draft Government Decision for the approval of procedures for the authorisation and/or registration of providers engaged in exchange services between virtual currencies and fiat currencies, as well as custodian wallet providers, on 12 May 2023. The […]...
Corporate sustainability obligations – Deep dive into the draft directive
Episode 2 This episode of the Wolf Theiss Soundshot Podcast is the second installment of a new podcast series on the topic of corporate sustainability obligations. In the first episode, our Corporate/M&A experts Martina Edlinger and Jana Landhäußer gave a brief overview of the development of and the current corporate sustainability obligations. The second episode […]...
Corporate sustainability obligations – current developments and challenges
Corporate sustainability obligations – current developments and challenges The current episode of the Wolf Theiss Soundshot podcast introduces a new series, which will address the latest developments of the proposed EU Directive on corporate sustainability obligations. The Directive is anticipated to place due diligence obligations along the entire supply chain with regard to human rights […]...
Whistleblowing Directive: Challenges and opportunities for employers
The implementation of Whistleblowing Directive (EU) 2019/1937 is expected to boost the creation of reporting channels to sound the alert on wrongdoings within public and private companies across EU Member States. The interplay of pre-existing national laws and cultural and political circumstances across the CEE countries, however, has made implementation of the directive a lengthy […]...
The Digital Markets Act goes live
Regulation (EU) 2022/1925, The Digital Markets Act, is set to apply from 2 May 2023 Addressing digital developments and concerns regarding contestability and fairness in the digital economy, the Digital Markets Act – an ex-ante regulatory system – entered into force on 1 November 2022 and will apply from 2 May 2023. Designed to complement […]...
Whistleblower protection in Austria – successful implementation in companies and corporations
Whistleblower protection is an important part of corporate culture, which is now also legally anchored in Austria. Whistleblowers who report misconduct or violations of the law in their company enjoy protection and support under the Whistleblower Protection Act. Businesses and corporations must now take measures to ensure whistleblowers are protected from retaliation and that their […]...
New whistleblowing legislation takes effect in Hungary
Article also available in Hungarian below What does the new whistleblowing system entail? In line with Directive (EU) 2019/1937 of the European Parliament and of the Council on the protection of persons who report breaches of Union law, the Hungarian Parliament adopted a new law on complaints, whistleblowing and rules for reporting breaches, which replaces […]...