WLN tag: #Austria
Austria: The practical significance of the Business Judgement Rule
The Business Judgement Rule as a Liability Privilege for Board Members The Business Judgement Rule (BJR) regulated in Section 25 (1a) of the German Limited Liability Companies Act (GmbHG) and Section 84 (1a) of the German Stock Corporation Act (AktG) is understood to be a legally enshrined liability privilege in favour of board members and managing directors, […]
Austria: Zumtobel + Kronberger once again among the TOP 3 commercial law firms in Salzburg!
Our member firm in Salzburg, Zumtobel + Kronberger, have been wonderfully recognised for their legal practice. We are delighted to share their announcement today: Once again among the TOP 3 commercial law firms in Salzburg! We are pleased about the JUVE Verlag für juristische Information GmbH Top Ranking and that we were also ranked as one […]
Austria: Property purchase contract: Real estate transfer tax on inventory sold at the same time?
When drafting purchase contracts, a contract draftsman must always deal with the desire of the contracting parties to draft contracts that are as tax-optimized as possible. In this context, it should be mentioned that in Austria, inventory is generally not covered by real estate transfer tax. Inventory refers to movable objects that are located in […]
Austria: Elimination of the broker's commission due to close relationship
The broker’s commission results from §§ 6ff MaklerG. In accordance with the statutory provisions, the commission claim arises with the legal validity of the brokered transaction. Without a legally valid brokerage contract, the broker is not entitled to commission. It should be noted that the brokerage contract is generally not bound by any formal requirement, […]
Austria: The construction of small balcony power plants in residential property
The last amendment to the Condominium Act made it easier for apartment owners to set up “balcony power plants”. The term “balcony power plant” refers to a ready-to-plug photovoltaic micro-generation system with an output of less than 0.8 kW, which can already be plugged into an existing socket and is intended to supply a condominium […]
Austria: Telework Act from 1.1.2025
In 2021, the so-called home office package of measures created the legal framework for the provision of work services in the home office. Practice shows that working from home is now widespread in Austrian companies. As part of the evaluation of the 2021 package of measures to work from home, the need to extend it […]