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The Court of Justice of the European Union has issued a landmark ruling clarifying that certain escrow and security arrangements involving fund transfers do not automatically constitute regulated payment services under PSD2. This decision provides crucial guidance for fintech platforms and businesses operating escrow models, potentially reshaping how payment service regulations are interpreted across the EU.

When termination for cause ends a contract, it happens on the spot. No notice period, no grace period. But Austrian law sets a more stringent bar: courts weigh whether the “cause” was truly serious enough to make continuing the contract unreasonable...

An independent justice system is one of the cornerstones of a strong rule of law and an essential foundation for a competitive business environment. Austria has recently taken an important step in that direction.