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As the cornerstone of the Austrian Act on Limited Liability Companies amendment, the minimum nominal share capital of a GmbH shall in future be €10,000.
The life of losses can be adventurous, especially when it comes to the cross-border travel of losses within the EU if the travel is triggered by a merger.
On 16 March 2013, a law based on the EU Directive on Combating Late Payment in Commercial Transactions (2011/7/EU) came into force in Austria.
Binder Grösswang and HBA attorneys have acted as legal counsels in relation to the formation of a joint venture regarding BSTG, Drahtwaren Produktions und Handels.