CERHA HEMPEL — News

On Thursday 13 June 2024, the award ceremony for the Legal 500 GC Powerlist was held at CERHA HEMPEL's Bel Etage in Vienna. Awards were presented to the best in-house counsel in Austria.

On 7 June 2024, CERHA HEMPEL Banking & Finance Partner Peter Knobl, together with Mag. Meichenitsch-Rasinger (FMA) and Dr. Alexander Russ (eunomia Rechtsanwälte), gave a presentation to issuers and distributors of financial instruments on changes in EU and Austrian prospectus laws.

The session will take place in the Austrian Academy of Laws and Taxes (ARS) on 7 June 2024. It will focus on changes by the EU Listing Act, by ESG related legislation and the introduction of the European Single Access Point (ESAP) as well as give an update on withdrawal rights and prospectus liability.

The Council has now formally adopted the Corporate Sustainability Due Diligence Directive (CSDDD). It is therefore clear that the Directive is now set to become a reality. From the date of its publication in the Official Journal of the European Union, Member States will have two years to implement the regulations and administrative provisions needed to comply with the Directive.

Dr. Martin Eichinger makes partner, focusing on mergers and acquisitions.

From October 2024, the management bodies of major or important institutions, as seen from the perspective of IT security, will be required to take part in cyber security training. This is of particular importance as the Network and Information System Security Act 2024 (NISG 2024) expressly stipulates that the members of management bodies are to be held personally liable in the event of a culpable…

This year’s update includes a new chapter on Austrian deposit guarantee and investor compensation schemes, as well as information on the FMA’s Regulation that is (still) aiming to limit systemic risks derived from real estate financings, MREL quota requirements for LSIs with simplified or full resolution plans...

Amendments to the Bulgarian Labour Code concerning the remote work were adopted in March 2024.

This alert provides overview of the most important changes.

This is a brief summary of the main points of the latest draft amendment to the Hungarian Competition Act1, which has attracted much interest and press coverage and which, if adopted, would significantly increase the powers and means of intervention of the Hungarian Competition Authority (“HCA”). The three most important new elements are as follows.

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