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Mon, Jul
49 New Articles

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.

CMS lawyers Andrea Potz in Austria, Jelena Nushol in Croatia, Marek Oleksyn and Lukasz Dynysiuk in Poland, Petra Corba Stark and Michal Hutan in Slovakia, and Tetyana Dovgan in Ukraine have been promoted to the firm's partnership as part of its 2019 global promotion round.

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.

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.