WLN tag: #Salzburg
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: 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 […]