Austria:
Shareholder Agreements In Austria: New Regulations Won't Offer Full Protection
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Assume nothing. New regulations for civil law partnerships
won't prevent a contracting party from terminating a
shareholder agreement. Protect yourself and consult an expert.
The 2015 Amendment of the Austrian Civil Code rules governing
civil law partnerships has the potential of affecting the status of
existing shareholder agreements in unexpected ways. Thus, as a part
of new 2016 omnibus corporate bill, the Austrian legislator
attempts to repair the potentially problematic provisions of the
2015 statute. Nevertheless, for old and new shareholder agreements,
particular caution is advisable.
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