
The current situation raises many questions in connection with the holding of shareholders’ meetings, in particular whether and under what circumstances meetings may be held.
With the 2nd COVID-19 Act passed on 20.03.2020, the National Council amended the rather unknown provision of Section 69 (2a) IO to include the phrase “epidemic, pandemic”. This means that even in the event of an epidemic or pandemic, as is currently the case, the period for filing for insolvency proceedings is now 120 days.
The impact and response to the COVID 19 pandemic is a challenge for members of corporate bodies. Key issues and actions are outlined below.
In the light of COVID 19 developments, various tax measures are intended to provide support in the event of liquidity bottlenecks. Furthermore, time limits are to be extended.
The economic effects of the COVID 19 pandemic caused depressed stock markets. The crisis and its general economic effects (such as the danger of recession) are clearly no inside information.
bpv Huegel advised Valneva Austria GmbH, Vienna, in its debt financing transaction with funds managed by leading US-based healthcare investment firms.
For legal questions and measures relating to Covid-19/Corona and its economic impact and of course all other topics, do not hesitate to reach out to your contacts at bpv Huegel.
Script for the course “Regulatory Law” by Christian F. Schneider at Vienna University during summer term 2020 Due to the COVID-19 crisis, the University is currently closed, and the course will be held later.
bpv Huegel is once again in the top league in the international lawyers’ ranking Chambers & Partners – Europe’s leading lawyers for business.
Aufgrund des COVID-19-Virus gelten erhebliche Beschränkungen des Reiseverkehrs von und nach Deutschland und Österreich.
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