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Austria: Reclaim of short-time work subsidies by the Labour Market Service (“LMS”) based on...

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Currently, an increasing number of companies is confronted with considerable claims for re-payment of subsidies granted by the LMS for phase I of the Corona short-time work model. The approach of the LMS makes the impression that it intends to take advantage of self-caused legal uncertainties to the clear disadvantage of these companies. Thus, companies should refrain from making premature re-payments. 

Austria: Amendment of the Consumer Credit Act (VKrG) and the Consumer Mortgage Act (HIKrG)

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The Lexitor decision of the ECJ, dealing with the interpretation of the Directive on Consumer Credit Agreements (2008/48/EC), requires the Austrian legislator to amend the Consumer Credit Act (VKrG) and the Consumer Mortgage Act (HIKrG).

International: BCRs as a robust alternative to Privacy Shield and SCCs

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This is the fifth in a series of guidance notes on what the 'Schrems II' decision means for companies that rely on EU-U.S. Privacy Shield, controller-to-processor standard contractual clauses, SCCs for transfers to controllers, derogations/exceptions to transfer restrictions, and binding corporate rules, as well as what 'Schrems II' means for Brexit and what companies can expect with the road ahead on these issues.

International: COVID-19 Global guide on public contracting

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In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.

Austria: Redundancies in Times of COVID-19

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In the past months, also Austrian companies faced major challenges. Declines in business have made short-time work (Kurzarbeit) and the conversion of staff deployment...

A Strengthening Partnership – European Union’s New Africa Strategy Amidst COVID-19 Uncertainty

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In early March 2020, after COVID-19 had already begun its journey of destruction around the world, the European Commission (Commission) published its Comprehensive Strategy...

Austria: Legal guide on public contracting in light of the COVID-19 pandemic

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In brief The current climate surrounding the COVID-19 crisis requires a significant level of flexibility in contractual relationships. To provide flexibility, the public procurement process...

EU Securitisation Regulation Disclosure in Times of COVID-19

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The financial markets are experiencing a significant amount of disruption for which there is no precedent. However, in these difficult times it is important...

Austria: Coronavirus – Updated Quick Guide

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After Easter customers will be allowed to enter hardware and garden stores, stores of construction materials, iron and wood shops and shops where the...

Austria: Coronavirus – Updated Quick Guide on the new COVID-19 Regulations

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After Easter customers will be allowed to enter hardware and garden stores, stores of construction materials, iron and wood shops and shops where the...
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