EU Regulation 2017/460 (16 March 2017) has established a network code on harmonised transmission tariff structures (TAR NC). It defines, among other provisions, rules on reference price methodologies, publication and consultation requirements and the calculation of reserve prices for standardised-capacity products. Articles 26 and 28 require the national regulatory authority (NRA) or transmission system operators to carry out one or more consultations on the proposed reference price methodology and the resulting indicative reference prices as well as on the proposed discounts, multipliers and seasonal factors.
Scandals from Danske Bank to LuxLeaks and the Panama Papers would never have come to light were it not for insiders who dared to expose major wrongdoings within companies and organisations. Until recently, protection of whistleblowers in the EU has been fragmented across Member States and even across policy areas. The meagre protections granted to whistleblowers have been subject to constant criticism.
Act Legal Austria has assisted the BABEG Carinthian Agency for Investment Promotion and Public Shareholding in the legal structuring of its cooperation with mobile operator A1 for the opening of Austria’s first “5G Playground” at the Lakeside Science and Technology Park in the Carinthia region of Austria that is scheduled to open this September.
Dorda has advised Swiss milk processor EMMI AG on the acquisition of a 66% stake in Leeb Biomilch GmbH and its affiliate company Hale GmbH, the Austrian suppliers of organic goat milk and sheep milk products, from shareholders Hubert Leeb and Jorg Hackenbuchner. Hasch & Partner advised Leeb Biomilch GmbH.
Social Media is omnipresent these days and individuals as well as companies increasingly use these instruments as communication and marketing tools. Moreover, the development of Social Media platforms, like interactive online rating and comparison platforms, is also of interest for the start-up sector. However, this increasing importance of Social Media also raises questions about the liability for the published content and legal remedies to protect and enforce affected legal positions.
Wolf Theiss has advised Japan's Takeda Group on its April 3, 2019 acquisition of plasma donation center Plasmapunk Favoriten and Donaustadt.
Wolf Theiss has advised Volksbank Wien AG on its March 4, 2019 placement of EUR 500 million covered bonds and the April 9, 2019 EUR 200 million additional tier 1 notes.
The Austrian Supreme Court has abolished its former line of decisions on the recognition of collateral granted by way of security transfer (Sicherungsübereignung) under foreign jurisdiction. From now on, Austrian courts will have to recognise such collateral even if it does not comply with Austrian publicity requirements (Pubilzitätserfordernissen). This decision will enhance legal security and the overall position of creditors in an international context.