EU: New regulatives for cross-border relocation
For the first time, it has now been legally regulated at EU level with Directive (EU) 2019/2121 that and how cross-border relocations can take place.
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In the company name “Georg” instead of “Jörg” – obstacle for registration?
If a company is to be named after one of its shareholders and the first name is slightly changed for better international understanding, this does not cause a deception. However, a person whose academic title is component of the company´s name has to have significant influence on the companies governance.
MorePossibility of capital increase in companies with privileged founding rights?
In a current decision, the Supreme Court made clear that the capital of a company with privileged founding is possible with the simultaneous addition of a new partner. However, the privileges may no longer be used in this step. Accordingly, only the capital contribution and no foundation-privileged capital contribution must be entered in the commercial register for these new shareholders.
MoreThe employer has no right to invoke the invalidity of a works meeting resolution and refuse to withhold a works council contribution
The employer is neither entitled nor obliged to conduct investigations into the internal decision-making process of the works meeting.
MoreBeware of internal group financing in times of crisis!
A recent decision by the Austrian Supreme Court (OGH) brings a further tightening of liability for loans granted by group companies in crisis. OGH extends refund claim for downstream loans against the controlling parent company of the group. The Supreme Court affirms the right to compensation for disadvantages within the Group in the case of vertical lending (downstream) beyond the wording of the Austrian Equity Capital Act (EKEG) and beyond the principles of the prohibition of return of deposits.
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