Neighbours and communities don't like it, but apartment owners love it, because they can multiply their income. Short-term rental to tourists or businesspeople who stay for just a few weeks is very controversial. Both courts as well as the legislative bodies of the Austrian provinces have found ways to restrict it.
CHSH Cerha Hempel Spiegelfeld Hlawati and Cleary Gottlieb Steen & Hamilton have advised OMV on the acquisition of a 15% share in Abu Dhabi Oil Refining Company and a 15% share in a to-be-established trading joint venture involving the Abu Dhabi National Oil Company. Ashurst reportedly advised ADNOC and ADNOC on the deal.
Weber & Co. acted as underwriter's and managers' counsel to the managers Erste Group Bank AG (Sole Global Coordinator) and goetzpartners securities Ltd (Co-Lead Manager) on Marinomed Biotech AG's upcoming February 1, 2019 debut on the Vienna Stock Exchange — the first successful IPO in Austria since BAWAG's in 2017. Herbst Kinsky Rechtsanwalte advised Marinomed, with Clifford Chance Frankfurt advising the company on US law aspects of the IPO. The shares are expected to be listed on the Official Market (prime market segment).
While globalization and digitalization have increased the risk of violations that affect thousands of consumers, several EU member states — including Austria — do not yet offer class action lawsuits. The EU Commission has therefore proposed a draft directive to allow representative actions for the protection of collective interests of consumers as part of its “New Deal for Consumers.”
Women in Leadership MasterClass, 26-27 February, 2019 – Vienna, Austria
FIIA 2019 – Best Execution MasterClass & Workshop for Internal Auditors in Financial Institutions, 07 - 08 February 2019, Vienna, Austria