Publications  


Cross-border transactions: real estate agent´s fee subject to foreign law
ILO Newsletter, October 14, 2011

The Supreme Court recently handed down a decision concerning a real estate agent´s fee in connection with a cross-border sale agreement under which an Italian estate agent had facilitated the sale of an Austrian hotel to an Italian investor. The court ruled that the agent´s contract had no close connection with Austria but was instead governed by Italian substantive law. The claim was therefore dismissed.
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ILO - Austria Insolvency & Restructuring 12/08/2011
Court rules that company pensions are not always safe in case of insolvency

Company pension commitments to employees should be secured in case of the employer´s insolvency. If (contrary to legal requirements) such pension securities are not held separately from the employer´s other securities, the statutory pledge for securing company pensions cannot fulfil the hedging purpose prescribed by law. Therefore, if the employer acts unlawfully, the security mechanism prescribed by law is to no avail.
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ILO - Austria Commercial Property 29/07/2011

Corporate entities may claim compensation for discomfort



The Supreme Court recently handed down a decision concerning the disruption of a tenant´s business by severe construction work carried out by the landlord. The court held for the first time that corporate entities are also entitled to claim compensation for discomfort in connection with construction work.
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Experteninfos zur neuen Gesetzeslage in Großbritannien
Korruption in Unternehmen - Strafbarkeit nach dem UK Bribery Act und dem österreichischen Strafgesetzbuch

Mit Juli 2011 ist der neue Bribery Act in Großbritannien in Kraft getreten. Die Anwaltskanzlei Graf & Pitkowitz Rechstanwälte GmbH hat sich über die Auswirkungen für österreichische Unternehmen, die in Großbritannien Geschäfte machen, sowie die Wechselwirkung zum österreichischen Anti-Korruptionsgesetz, Gedanken gemacht.
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ILO Intellectual Property - Austria 27/06/2011
Court clarifies legal aspects of supplementary protection certificates
(Dr. Ferdinand Graf und Mag. Tanja Melber)


In a recent decision the Austrian Supreme Court thoroughly examined the legal effects of a supplementary protection certificate for medicinal products and its interrelation with patent rights. The decision is complex, but provides valuable information on related proceedings for injunctive relief. Additionally, the detailed examination of legal aspects of supplementary protection certificates is welcome.
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