FSN Capital Compass I Fund has acquired a majority stake in the Austrian company UHL Bau GmbH. The previous co-owners, Jürgen and Sabine Uhl, will retain a minority stake and continue to serve on the supervisory board of the company. The transaction is subject to approval by the relevant authorities. It is expected to be […]
You can also find essential tips on how to implement these key steps in our more detailed strategy guide to unlock the value of AI, for which you can apply free of charge. Please fill out the contact form at the bottom of the page. 1. Where is Artificial Intelligence going? Artificial Intelligence (AI) […]
PwC Legal Austria advised the founder of Dedicaid GmbH, a spin-off of the Medical University Vienna on the sale of their shares to a wholly owned subsidiary of Telix Pharmaceuticals Limited. Dedicaid GmbH was founded in 2018 as a spin-off of the Medical University of Vienna. Its core asset is an artificial intelligence (AI) powered […]
Political discussions have recently focused on limiting distributions of profits. Such calls have focused in particular on companies who receive state aid during the COVID-19 crisis. Not all legal initiatives have been implemented. The following article provides an overview of the current situation regarding the possibility of distributing net profits as well as other limitations. […]
Authors: MMag. Verena Heffermann; Dr. Isabella Lechner. Further simplifications for shareholders’ and board meetings In our articles of 24 March and 6 April 2020, we reported on legal simplifications relating to holding meetings for shareholders and members of corporate bodies due to the Austrian COVID-19 Company Law Act (COVID-19-GesG): 1. Remote participation and resolutions passed […]
Introduction The EASA has published its new Opinion No 01/2020 “High-level regulatory framework for the U-space”, which was developed in accordance with Regulation (EU) 2018/11391 (“Basic Regulation”). As the rising number of UAS operations in the European airspace poses safety, security and airspace integration issues, it is essential to prevent risks to air traffic, persons […]
The effects of the implemented measures to prevent the spreading of the Corona Virus (known as COVID-19) have started to kick in, albeit not only in a positive way: Most businesses face perilous financial strains, even though the balance sheet of the previous financial year possibly shows a huge profit. This is caused by the […]
Autoren: Dr. Dominik Kurzmann; Dr. Lukas Röper; Matthias Konrad, LL.M. The coronavirus has Austria firmly in its grip. The further spread of COVID-19 can have grave effects on the business and subsequently on the liquidity of domestic companies, confronting them with previously unimagined financial and liquidity challenges, which may threaten their existence. Currently, an obligation […]
Authors: Dr. Dominik Kurzmann; Mag. Victoria Fischl Climate and Energy package In 2007, the EU heads of state and governmental bodies set the core objectives of the 2020 climate and energy package. Two years later, comprehensive legislation was introduced, to implement these targets which were adopted to ensure that the EU meets its climate and […]
Authors: Dr. Silvia Wandl; Dr. Matthias Trummer, MSc; Dr. Krzysztof Nowak, LL.M.; Mag. Katharina Seethaler, LL.M. Reps & warranties insurances can simplify, accelerate and increase the value of M&A transactions. These insurances are able to help resolve or soften conflicts of interest between buyers and sellers. To facilitate a smooth process of taking up a […]
