Further support for the Austrian economy is available

In accordance with the 1st COVID-19 Act (and amended by the 3rd COVID-19 Act), the Federal Mining Share Corporation (ABBAG), founded in 2008, was entrusted with the task of providing financial measures itself or through subsidiaries to maintain solvency and to bridge the gap between Liquidity difficulties in connection with the spread of the pathogen SARS-CoV-2 and the resulting economic effects are required.

Related briefings

Here comes the sun (nenergy)

In Schönherr’s Renewable Expansion Law Infocorner , the essential cornerstones of the EAG package are presented and practical legal issues are dealt with. Also, stay informed about current events and webinars.

Romania plans to tighten its foreign investment screening rules

The screening of foreign direct investments (FDIs) has been a hot topic for some time now across CEE (as also covered here). Several jurisdictions have adopted stricter measures of scrutiny allowing for the vetting of transactions potentially posing security risks. In line with this trend, the Romanian Competition Council has put forward new draft legislation aimed at tightening the existing FDI screening rules. This draft is subject to public debate until 6 October.

Renewable Expansion Act (EAG)

Review draft published – a first overview! On September 16, 2020, the eagerly awaited draft of the Federal Law on the Expansion of Energy from Renewable Sources (Renewable Expansion Law – EAG ) was submitted for assessment. As a contribution to the realization of the goals of the Paris Climate Protection Agreement 2015, the draft creates new framework conditions for the expansion of renewable energies in Austria. The present article gives an initial overview. Details will follow in focus articles and in our virtual series of events

Mandatory e-communication for companies seated in Croatia

The digitalisation of the Croatian court system is proceeding and e-communication is expanding. Snail mail and “paper” communication are on the verge of extinction. As of 1 September 2020, all legal entities will have to use e-communication with the court. All legal entities registered in the Croatian Commercial Register must submit information on their e-mail […]

Latest Briefings

Coronavirus Update: Working From Home (again)

A government campaign was launched in early August to actively encourage employees to return to the workplace in an attempt to boost the wider economy and revitalise city centres that had been left empty after months of lockdown. However, within two months, the pandemic appears to have taken a turn for the worse and the government announced yesterday that once again people should work from home wherever possible.

Ukraine relaunches privatisation

September 2020 – Yesterday, 22 September, the President of Ukraine signed the Law which amends the Law of Ukraine “On privatisation of state and communal property” (the “Law”), introduces parliamentary control over the privatisation of state property and “unfreezes” the preparatory procedures to privatise large-scale state-owned objects. The Law was adopted by the Ukrainian parliament on 8 September 2020 and will become effective after its official publication.

Cyprus introduces film production incentives

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

Legal guide to pre-enforcement steps under Jersey and Guernsey law

The temporary Covid-19 protections offered by the UK government to businesses to prevent them from being subject to winding up petitions or wrongful trading actions are currently due to expire at the end of September (although an extension is very possible).

Recommended

Abu Dhabi

Oil giant ADNOC appoints inaugural panel

Abu Dhabi National Oil Company (ADNOC) has appointed its first-ever formal panel of external legal advisers, The Lawyer understands. The state-owned oil company has finalised a core roster of law firms that will provide the bulk of the advice needed to conduct its operations. The roster is understood to include Allen & Overy, which has […]

exit

DAC Beachcroft hires four-strong team from DWF

DAC Beachcroft has hired four lawyers from DWF’s London office into its public sector liability team. The hire includes John Palmer, who was a partner at DWF for almost 10 years. He will join in September, while David Weir, Hazel James and Sehresh Jan will join this month. Weir was a legal director at DWF […]

Reed Smith follows magic circle with careful London reopening plan

Reed Smith is set to reopen its London office on a voluntary basis starting this week. The reopening strategy was laid out by the London office managing partner Andrew Jenkinson and the operations director for Europe and Middle East Mark Matthews in conjunction with the firm’s senior management and the landlord of the Broadgate Tower […]

The days of taking your vac students down the pub are no more

During the course of this pandemic many firms have achieved things online that previously might have been thought impossible. Moore Blatch and Barlow Robbins have pulled off a significant merger over Zoom, for heaven’s sake. The courts appear to be functioning almost seamlessly. Businesses are working out how to network and complete deals online, and […]

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