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Report of the supervisory board Dear Shareholders, The pace of growth in the global economy, which slowed significantly in the 2022... | March 30, 2023
A review of the legal and practical issues surrounding the organisation of sports clubs and governing bodies in Austria and available dispute resolution mechanisms.
Enforcement by private competition litigation in Austria is not restricted to damages claims. Private bodies have standing to file for cease and desist (Abstellung) orders or for decisions of finding...
The Supreme Court recently had to assess, with regard to a decision on costs, whether the respondents' fee agreement with their representatives was void as a contingency fee arrangement, violating the prohibition of <i>quota litis</i> pursuant to section 879(2) No. 2 of the Austrian General Civil Code. The Court also examined whether this amounted to a reason to set aside an arbitral award. The Court took this as an opportunity to express its opinion on the admissibility of third-party funding under Austrian law.
An overview of litigation procedures and key considerations when bringing product liability claims in Austria, including available forums, burden of proof, defences, collective actions and damages.