Introduction The EASA recently published “Opinion 05/2019”. This opinion is proposing amendments to the two new European Drone Rules (EU) 2019/947 and (EU) 2019/945. The objective of this Opinion is to provide cost-efficient rules for low risk UAS in the “specific” category for drone operators, manufacturers and competent authorities as well as the improvement of […]
Introduction According to the Implementing Regulation 2019/947/EU drone operations in the “certified” category are the riskiest. This is not surprising, as this class is intended for big unmanned aerial systems (UAS; 3 m and more) and, among other operations, for the transport of people. Neither the Implementing Regulation nor the Delegated Regulation contain specific rules […]
Introduction In part II of our blog series we wrote about the “open” category of unmanned aircraft system (UAS) operations. According to the EUs Implementing Regulation, this category is the most riskless. Nevertheless, there are a lot of new standards and requirements set by the EU legislative acts drone operators as well as regulatory authorities […]
Co-authors: Dr. Matthias Trummer, Dr. Krzysztof Nowak, LL.M.; Mag. Katharina Seethaler, LL.M. On 11 September 2019, PwC Legal invited for the book launch of "New Suits. Appetite For Disruption in the Legal World" co-edited by Michele DeStefano (Professor of Law at the University of Miami) and Guenther Dobrauz (Managing Partner of PwC Legal Switzerland) and […]
In the future, UAS will be operated in three different categories. The risk level criteria as well as other criteria are used to establish these three categories of operations (see Blog All new? - The European Union (EU) regulations on drones (part I)). According to recital 8 of the Implementing Regulation, the UAS operation in […]
Unmanned aircraft, commonly called drones, have huge potential for the development of innovative and practical applications in a wide range of business areas. They will contribute to creating new businesses and jobs and will further develop existing industries and business sectors. Besides the huge advantages in the business world, drones developed to be a popular […]
Authors: Dr. Silvia Wandl; Dr. Matthias Trummer MSc; Mag. Katharina Seethaler, LL.M. With the Stock Corporation Amendment Act 2019, Federal Law Gazette I No. 63/2019 of 23 July 2019 (AktRÄG 2019), the corporate law provisions of the 2nd Shareholders' Rights Directive (2nd SRD) were implemented into Austrian law. The provisions attributable to the financial services […]
Authors: Dr. Silvia Wandl; Dr. Matthias Trummer, MSc; Dr. Krzysztof Nowak, LL.M.; Mag. Katharina Seethaler, LL.M. Reps & warranties insurances simplify, accelerate and increase the value of M&A transactions. These insurances are able to help resolving or softening conflicts of interest between buyers and sellers. To facilitate a smooth process of taking up a reps […]
Authors: Dr. Matthias Trummer MSc, Dr. Krzysztof Nowak, LL.M.; Mag. Katharina Seethaler, LL.M. “Creating value beyond the deal M&A report” by PwC in collaboration with Mergermarket and Cass Business School combines global insights from a survey of over 600 global corporate executives, revealing how dealmakers effectively create significant value via M&A and generate maximum returns. […]
Author: Dr. Krzysztof Nowak, LL.M. On 22 November, a first of a series of events for in-house counsels co-organized by the Polish Association of Corporate Lawyers (PSPP) in cooperation with its strategic partner PwC Legal Poland took place in the beautiful city of Cracow. The idea is to bring together general counsels and other in-house […]
