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EU regulation makes it easier to take security measures against debtors

24.03.2017

Civil Law Miscellaneous

To date, in cross-border claims a creditor is confronted with an unknown enforcement procedure.

Liability of the search engine operator for search results?

24.03.2017

E-Commerce

While liability of host providers has already been decided by BGH and OGH, the question of the conditions under which Google & Co are liable for illegal content on linked pages has not yet been decided.

Obligation to minimize damages in case a loan was unjustly declared due and payable?

14.12.2016

General Banking Law

In the case decided, a bank unjustly declared the loan earlier due and payable, whereupon the borrower demanded the costs of the debt restructuring from the bank as compensation for damages.

Right to a compulsory portion - effectiveness of an arbitration clause

14.12.2016

Arbitration

The legal right to a compulsory portion cannot be made subject of arbitrational proceedings by manifesting an arbitration clause in the last will.

Prospectus information and final conditions

14.12.2016

Capital Market, Securities Banking Law

Issuers of bonds must publish important information in the offering programme in a basic prospectus.

New procedural rules at ICC

14.12.2016

Arbitration

On 01.03.2017 new procedural rules for ICC arbitration came into force. In the future, the reasons for a decision regarding the challenge of an arbitrator will have to be announced.

Depreciation of misinvestments

14.12.2016

Tax Law

In case a taxpayer wishes to do a current-value depreciation, he has to provide evidence, that there actually is a reduction in value.

Warranty in the event of incorrect creation of condominium

14.12.2016

Construction and Real Estate Law

Generally, a creation of condominium free of faults in every respect is not the subject of performance of a sales contract with an owner who sells his apartment.

Deductibility of losses from a foreign currency loan

14.12.2016

Tax Law

The Austrian Fiscal Court qualifies losses resulting from the conversion of a foreign currency loan as negative income from capital assets.

Commitment period of a timeshare contract

14.12.2016

Construction and Real Estate Law

In case a consumer concludes a timeshare contract with an entrepreneur it is considered inadmissible to stipulate a long-term commitment without the possibility of ordinary termination for the consumer.