CERHA HEMPEL — News

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.

Keep up to date with the latest legal developments in Austria, Bulgaria, the Czech Republic, Hungary, Romania and Slovenia with our CEE newsletter.

CERHA HEMPEL Partner Anna Wolf-Posch authored the data-related obligations of gatekeepers in the new English language article-by-article commentary on the Digital Markets Act (DMA) edited by Prof. Dr. Rupprecht Podszun.

CERHA HEMPEL advised Tennant Company, headquartered in Eden Prairie, Minnesota, a world leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, healthier world, in the acquisition of M&F Management and Financing GmbH (“M&F”).