Armenak Utudjian ranked in the Chambers High Net Worth Guide 2019 in the category Private Wealth Law – Austria
"He is extremely knowledgeable about all legal judgements and also has a good idea of what legal changes are coming in the future. He is permanently assisting us, and his…
Printouts and Guidelines – European Union General Court (GC) dismisses appeal due to technicality
Claudia Csáky recently analysed the decision of the General Court of the European Union of December 6, 2018, T-638/16 – Deichmann SE (Deichmann) v. EUIPO, intervener Vans Inc. (Vans) in INTA Bulletin.
Printouts and Guidelines – European Union General Court (GC) dismisses appeal due to technicality
Claudia Csáky recently analysed the decision of the General Court of the European Union of December 6, 2018, T-638/16 – Deichmann SE (Deichmann) v. EUIPO, intervener Vans Inc. (Vans) in INTA Bulletin.
The Issue of Similarity – General Court of the European Justice Annuls Pink Lady Decision wrongly assessing similarity
Claudia Csáky recently analysed the decision of the General Court of the European Union of October 15, 2018, T-164/17 – Pink Lady in INTA Bulletin.
The Issue of Similarity – General Court of the European Justice Annuls Pink Lady Decision wrongly assessing similarity
Claudia Csáky recently analysed the decision of the General Court of the European Union of October 15, 2018, T-164/17 – Pink Lady in INTA Bulletin. INTA Bulletin, dd 15 March,…
Avoidance of overdraft payments due to preferential treatment
The Insolvency Act provides insolvency administrators with tools to challenge any actions committed by a debtor during a crucial period prior to the opening of insolvency proceedings. Recent Supreme Cour decisions regarding § 31 IO now clarify existing judicature regarding avoidance of overdraft payments due to preferential treatment and set the bar very high regarding the (un)avoidability of overdraft payments in the 12 months before the opening of insolvency proceedings.
Avoidance of overdraft payments due to preferential treatment
The Insolvency Act provides insolvency administrators with tools to challenge any actions committed by a debtor during a crucial period prior to the opening of insolvency proceedings. Recent Supreme Cour decisions regarding § 31 IO now clarify existing judicature regarding avoidance of overdraft payments due to preferential treatment and set the bar very high regarding the (un)avoidability of overdraft payments in the 12 months before the opening of insolvency proceedings.
Good Friday-Dilemma
The Austrian government has reached a compromise in response to the ECJ’s ruling that the former regulation was discriminatory. While introducing a paid holiday over Good Friday for all employees (Levelling-up) would have been complied with the ECJ’s decision, the Austrian government went with a different approach by abolishing Good Friday altogether (Levelling-down), to avoid employers having to provide double pay. Instead they’ve decided on the introduction of a personal holiday for everyone, which is also to replace the former Good Friday provision in collective labor agreements. This personal holiday will be counted as a regular leave day. However, if economic reasons deem it necessary that an employee works on his/her personal holiday, then extra holiday payments have to be made. In effect, the Evangelical Church Augsburg Confession, the Evangelical Church Helvetic Confession, the Old Catholic Church and the United Methodist are losing a public holiday, while nothing changes for everyone else.
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