3 March 2022
March 2022 – Brazil – Rossetti Advogados Every year, companies with member(s) resident outside Brazil or with investment abroad must submit some statements to the Central Bank of Brazil (BACEN), by means of the Electronic Statement Registration system (RDE-IED). These statements are focused on the amounts invested in Brazil by non-residents, as well as on…
14 February 2022
February 2022 – Austria – TAIYO Legal In order to provide financial relief to consumers who had become unemployed or were on short- time work as a result of the pandemic, a statutory deferral of loan installments for consumer credit agreements was passed at the beginning of 2020 (cf. Section 2 2nd COVID-19-Justice Accompanying Act). Nevertheless, some banks continued…
7 February 2022
Law 1/22 was published on February 1, 2022, providing a new legal responsibility for layers to secure their clients information. The lawyer will be required to test the credibility of his suppliers and will have to prepare for a cyber-attack. Also, the lawyer will be obligated to undergo training in information security. Failure to comply…
1 February 2022
February 2022 – Brazil – Rossetti Advogados Law 14.286/2021 was published on December 30, 2021, providing on a new Framework for the Brazilian foreign-exchange market and Brazilian capital abroad, foreign capital in Brazil and the provision of information to the Central Bank of Brazil. Such law also amends the related laws, to institute a modern,…
20 January 2022
January 2022 – Austria – TAIYO Legal As of 08.07.2022 and implementing the EU Covered Bonds Directive (EU-CB-Directive), Austria’s new Covered Bond Act (PfandBG) will enter into force. The amendment is intended to increase the attractiveness of the Austrian covered bond market and eliminate distortions of competition within the EU. The regulations on covered bonds…
20 January 2022
January, 2021 – The Netherlands – Certa Advocaten THE MOST IMPORTANT EMPLOYMENT LAW CHANGES IN THE NETHERLANDS FOR 2022 AND THE CORRESPONDING REQUIRED ACTIONS! To kick-start the new year, we provide you with a short overview of the most important developments in 2022 for Dutch Employment Law and actions required. DIRECTIVE ON TRANSPARENT AND PREDICTABLE…
20 January 2022
January 2022 – Austria – TAIYO Legal The Austrian Constitutional Court ruled that the Republic of Austria is not liable for damages suffered by customers of an insolvent bank even if these damages were caused by poor supervision by an authority. Around 30 customers of Commerzialbank Mattersburg had filed for damages against the federal government….
10 December 2021
Characteristics of a closed-end real estate fund are a limited investment volume, a few investment objects, long terms, and very limited exit options. The Austrian Constitutional Court (VfGH) confirmed that if consumers do not receive any investor confirmation or receive an incomplete one, there is an unlimited right of withdrawal; the relevant provisions in the…
1 December 2021
December 2021 – Brazil – Rossetti Advogados In principle, pursuant to the provisions of the law or of the articles of association, a member may leave the company upon assignment or transfer of its equity interest, on which occasion it would be substituted in the company by the respective assignee.It would be then negotiating its…
1 December 2021
The Austrian Takeover Commission is an independent authority, not subject to directives, established at the Vienna Stock Exchange. In accordance with the Austrian Takeover Act, it reviews major transactions on the capital market. However, the European Court of Justice sees a lack of legal protection in the current legal situation. The Austrian Takeover Commission is…
