Welcome to the Team – our New Joiners

Our Team of PwC Legal Austria has grown and has some new members. Welcome to all of you, we are glad you are here. We would like to introduce you to three of our New Joiners: Karl Koller, new Partner and leader of the practice group Real Estate, Stefan Paulmayer and Evgeny Rodionov, both Senior […]

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The proposed EU Crowdfunding Passport explained

While fundraising on the capital market will be simplified for issuers under Austrian law, the European Commission has in spring 2018 introduced its own plans for a crowdfunding framework. The cornerstone of the new framework is the proposal for a Regulation on European Crowdfunding Service Providers (ECSP) for Business (the “Crowdfunding Regulation”). The initiative of […]

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Crowdfunding rules to be simplified

Fundraising on the capital market will be simplified for issuers. On 4 July 2018 the Austrian national chamber of the parliament has voted to approve a federal law that will significantly amend the Austrian Capital Markets (CMA) and the Austrian Alternative Financing Act (AFA). The law has been confirmed by the federal chamber of the […]

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The Changing Role of General Counsel and Legal Service Providers

Today, I had the privilege to talk on an amazing panel at ESADE university in beautiful Barcelona on the topic „The Changing Role of General Counsel and Legal Service Providers“. http://www.esadealumni.net/ea/alumni_today/description_past_events?id_evento=344282. First, professor Mari Sako of Said Business School at the University of Oxford gave a fascinating keynote on the topic, including a social sciences‘ […]

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PwC Legal advises Smyths Toys on the acquisition of Toys “R” Us Germany, Austria and Switzerland

A multidisciplinary and international team assembled from the PwC/PwC Legal network provided Smyths Toys Superstores (“Smyths Toys”) based in Galway (Ireland) with comprehensive advice on the acquisition of Toys “R” Us operations in Germany, Austria and Switzerland (“Target Companies”). PwC Legal (with teams from Germany, Austria & Switzerland) provided legal advice which focused on legal […]

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Securitisation reloaded – Simple, Transparent, Standardised – (STS) – The new regulatory framework for securitisations: Regulation (EU) 2017/2402

At a glance: A new designation of securitisations as simple, transparent, standardised (“STS”) shall give assurance to investors that sufficient information on the underlying exposures is provided. A register with the European Securities and Markets Authority (ESMA) will be set up, in which securitisations may be registered as STS. The originator, sponsor or securitisation special […]

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New Register for Ultimate Beneficial Owners (UBO Register)

The UBO Register Act (WiEReG), announced on 15 September 2017, imposes a registration obligation on Austrian corporate entities and other legal entities regarding their ultimate beneficial owners. As of 15 January 2018, all direct or indirect owners holding more than 25 % of the share capital have to be disclosed in the new register maintained […]

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