Mondaq All Regions - Austria: Finance and Banking
Wolf Theiss
Almost two decades after being adopted following the model of the World Bank and UNCITRAL for non-possessory registered pledges, the Special Pledges Act was substantially amended at the end of 2016.
Schoenherr Attorneys at Law
The Austrian Federal Government agreed in its 2013-2018 work programme, on the implementation of a nationwide ban on speculative financial transactions for the Federation, the Austrian Federal States, Austrian Municipalities, and other public bodies.
Schoenherr Attorneys at Law
As of 1 August 2016 public prosecutors may access information contained in the account registry without prior court approval.
Schoenherr Attorneys at Law
•Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms ("BRRD") was implemented in Austria effective 1 January 2015, including write-down / conversion measures and the bail-in tool.
Schoenherr Attorneys at Law
For the first time after its 2011 Spread Ladder Swap Judgment the banking division of the German Supreme Court has recently dealt with the disclosure duties of banks in connection with derivative products.
Schoenherr Attorneys at Law
The banking law senate of the German Supreme Court stipulates far-reaching disclosure obligations for banks with respect to internal commission payments for investments.
Schoenherr Attorneys at Law
The fact that the Hungarian legal system has now at last also recognized the concept of trust has been widely praised.
Schoenherr Attorneys at Law
Newly established principles provide guidance for the cooperation between all involved banks in extra-judicial restructurings.
Schoenherr Attorneys at Law
Austrian tax law provides for a specific tax regime for investment funds. Such fund tax regime is characterized by the fund being treated as a tax-transparent vehicle (thereby having no shielding effect).
Kerres Partners
With regard to investor's claims for damages plenty of new decisions have been rendered over the last few days.
Schoenherr Attorneys at Law
Austria's National Council has recently adopted a draft bill proposed by the Government introducing a new statute regarding bank recovery / resolution.
Wolf Theiss
The EU Regulation No 655/2014 of 15 May 2014 established a European Account Preservation Order. The Regulation became applicable as of 18 January 2017 within the EU except for the United Kingdom and Denmark .
Schoenherr Attorneys at Law
Suppose you were a German bank lending to a Spanish debtor under a loan agreement governed by German law.
Schoenherr Attorneys at Law
On 23 November 2016, the European Commission published its proposal for a reform package intended to further strengthen the resilience of credit institutions in the EU.
Schoenherr Attorneys at Law
On 28 October 2016, the European Commission decided to establish a High Level Expert Group on sustainable finance, one of the European Commission's primary objectives within the EU Capital Markets Union.
Wolf Theiss
PSD2 entered into force on 12 January 2016 and will replace the current Payment Services Directive (in force since 2007) as of 13 January 2018.
Wolf Theiss
Since 1985, the EU has sought to mobilize capital in Europe and encourage investment in all Member States by promoting cross border distribution of funds.
Baker & McKenzie
Through the PRIIPs Regulation, the EU is introducing a new standard for key information documents for the most important investment products.
Schoenherr Attorneys at Law
PAD should be implemented into national legislation by Member States by not later than September 2016.
Schoenherr Attorneys at Law
As recent developments have shown, it is highly unlikely that the EU Capital Requirements Regulation on credit institutions and investment firms, which aims to put in place a comprehensive and risk-oriented regulatory frame work through out the EU.
Most Popular Recent Articles
Wolf Theiss
The EU Regulation No 655/2014 of 15 May 2014 established a European Account Preservation Order. The Regulation became applicable as of 18 January 2017 within the EU except for the United Kingdom and Denmark .
Wolf Theiss
Almost two decades after being adopted following the model of the World Bank and UNCITRAL for non-possessory registered pledges, the Special Pledges Act was substantially amended at the end of 2016.
Wolf Theiss
PSD2 entered into force on 12 January 2016 and will replace the current Payment Services Directive (in force since 2007) as of 13 January 2018.
Schoenherr Attorneys at Law
Suppose you were a German bank lending to a Spanish debtor under a loan agreement governed by German law.
Schoenherr Attorneys at Law
On 23 November 2016, the European Commission published its proposal for a reform package intended to further strengthen the resilience of credit institutions in the EU.
Schoenherr Attorneys at Law
On 28 October 2016, the European Commission decided to establish a High Level Expert Group on sustainable finance, one of the European Commission's primary objectives within the EU Capital Markets Union.
Baker & McKenzie
Through the PRIIPs Regulation, the EU is introducing a new standard for key information documents for the most important investment products.
Schoenherr Attorneys at Law
As of 1 August 2016 public prosecutors may access information contained in the account registry without prior court approval.
Schoenherr Attorneys at Law
The Austrian Federal Government agreed in its 2013-2018 work programme, on the implementation of a nationwide ban on speculative financial transactions for the Federation, the Austrian Federal States, Austrian Municipalities, and other public bodies.
Wolf Theiss
Since 1985, the EU has sought to mobilize capital in Europe and encourage investment in all Member States by promoting cross border distribution of funds.
Schoenherr Attorneys at Law
PAD should be implemented into national legislation by Member States by not later than September 2016.
Schoenherr Attorneys at Law
•Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms ("BRRD") was implemented in Austria effective 1 January 2015, including write-down / conversion measures and the bail-in tool.
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