A mortgage backed Security Token – vision or reality?

Crypto currencies and tokens are still among the trending topics. While the hype from 2016 to 2018 has focused mainly on so-called Utility Tokens, so-called Security Tokens are now “the next big thing”. Security Tokens offer investors the opportunity to invest in actual values. This distinguishes Security Tokens from Utility Tokens that – like vouchers […]

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Deal News – PwC Legal advises Max Brown 7th District

The Max Brown 7th District brings a fresh boutique hotel concept with exciting gastronomy to Vienna. Max Brown Hotels trusted the expertise of PwC Legal Austria under the lead of Karl Koller for its market entry in Austria. The Hotel Max Brown creates charming hotels in some of the most vibrant neighbourhoods in Europe. The […]

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M&A: Creating value beyond the deal – new report released!

“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. The research shows inter alia that companies prioritising value creation have the potential […]

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Revised Shareholders’ Rights Directive – final government bill expected for implementation

The Shareholders’ Rights Directive (EU) 2017/828 of 17 May 2017 (EU Official Journal L-132/1), in accordance with its title, aims at “the encouragement of long-term shareholder engagement”. This objective is to be achieved in particular by enhancing transparency and by enhancing an investors’ influence on processes in the company. The Directive essentially comprises measures in […]

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“Law and business” – new series of meetings with in-house lawyers in Cracow

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 lawyers from a big range […]

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Planned amendment to the Austrian Student Residence Act to be reviewed today

A planned amendment to the Austrian Student Residence Act was presented this week by the Ministry of Science. According to the ministry, it will be published today. Background The current Austrian Student Residence Act (StudHG) dates from 1986 and was last amended in 1999. Since in 1986 almost exclusively non-profit dormitories were operated, the law […]

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Revised proposal for an EU crowdfunding passport provides for EU-wide ICOs

We had informed you in July about the proposal for an EU crowdfunding framework. Pursuant to this proposal, crowdfunding service providers would be entitled to the cross-border offering of crowdfunding-projects to investors throughout the European Union. As alternative to existing national and usually not harmonised crowdfunding rules, this new regime would serve to facilitate Europe-wide […]

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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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