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 […]
The restriction of public life and economic activity to combat COVID-19 is increasingly impacting borrowers, mainly due to the fact that many borrowers generally repay their financial obligations from current or earned income. As the economy is confronted with widespread to complete loss of revenue however, individuals are now being faced with the loss of […]
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 […]
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 […]
