In line with the EU Transfer of Undertakings Directive, share sales do not trigger the works council´s information or consultation rights. However, the provisions transposing the EU directive into Austrian…

If an insolvency petition is filed too late and creditors incur damage because of it, the responsible managing director may be held liable. However, in practice, companies are often actually…

In a recent decision the Supreme Court had to consider whether activities performed during an employee´s sick leave that would not typically be regarded as adequate conduct were acceptable. The…

Nunner-Krautgasser/Kapp/Clavora (Hrsg), Jahrbuch Insolvenz- und Sanierungsrecht (2014)

In order to facilitate the formation of LLCs, the Tax Amendment Act 2014 introduced a formation privilege in the Limited Liability Companies Act, which reduces shareholders´ risk capital from €35,000…