Peter Knobl, partner and attorney at CERHA HEMPEL Rechtsanwälte GmbH specialising in banking supervisory, stock exchange and capital markets law, has examined the provisions on the prohibition of market manipulation and permissible market practices in the Market Abuse Regulation, Univ. Prof. Nicolas Raschauer, Of Counsel at CERHA HEMPEL Rechtsanwälte GmbH, has commented on the sanctions and procedural provisions concerning market infrastructure, transparency regulations and other obligations imposed on issuers as well as the issue of market abuse under the Stock Exchange Act 2018 and the Market Abuse Regulation, and Wolfgang Sindelar, attorney specialising in corporate and M&A and Senior Counsel at CERHA HEMPEL Rechtsanwälte GmbH, has commented on the provisions on the prohibition of insider trading and unlawful disclosure of insider information under the Market Abuse Regulation.
The work, edited by Univ.-Prof. Michael Gruber, is the most comprehensive and up-to-date Austrian commentary on the Stock Exchange Act 2018 and the Market Abuse Regulation. It is aimed at legal and tax advisers, consultants, and auditing and accounting firms, as well as at those working in the legal and tax departments not only of listed companies but also at administrative authorities and courts.
In the words of CERHA HEMPEL partner Peter Knobl, "this commentary is intended to provide clarity in what is a complex legal field which, in terms of judicial and administrative criminal law, can be of great practical importance for every person subject to the law, not just listed companies". Univ.-Prof. Nicolas Raschauer is convinced that "the interaction of directly applicable European Union law with traditional Austrian standards under administrative penal and supervisory law is illustrated and consequently simplified by our commentary that is intended for practical use".