For the first time in Austria, a court has now confirmed the payment obligation of an insurer under a business interruption insurance policy (BII)

» » Read More » »

On 15 July 2020, the Austrian Parliament decided to set up a Regulatory Sandbox, which will enter into force on 1 September 2020. The Sandbox is a supervisory concept designed to enable the testing of innovative business models in line with regulatory requirements. The goals are to promote innovation, strengthen Austria as a business location,…

» » Read More » »

In the case Data Protection Commissioner (Ireland) v. Schrems, Facebook Ireland (Case C-311/18; “Schrems II”) the ECJ ruled on 16 July 2020 that the EU-US Privacy Shield is invalid with immediate effect and EU standard contract clauses (SCCs) are valid, but it must also be assessed on a case-by-case basis whether adequate and enforceable rights and…

» » Read More » »

In its decision (Ro 2019/04/0229) of 12 May 2020, the Administrative High Court (Verwaltungsgerichtshof, VwGH) clarified that for a fine against a legal entity based on a violation of the GDPR, the names of those natural persons whose violation is attributed to the legal entity must be mentioned both in the prosecution and in the verdict.

» » Read More » »

Whether receivables are to be acquired as collateral or otherwise, the question of the applicable law in the case of cross-border assignments or pledges is essential for enforceability. The ECJ clarifies that the Rome I Regulation does not designate the law relevant for third party-effects of assignments.

» » Read More » »

Dr. Martin Geiger has written the Austrian chapter of the international guide “Getting The Deal Through: Aviation Finance and Leasing” for the third time in a row.

» » Read More » »

Irena Gogl-Hassanin, attorney at law at Benn-Ibler and member of our aviation team, answered some of the most frequently asked questions in the field of aviation law in Austria for ICLG.

» » Read More » »