In a recently published decision (OGH 4 Ob 145/21h) the Austrian Supreme Court ruled that an auditor who neglects due diligence and therefore issues an incorrect audit opinion shall be liable for damages to a third party who relies on the correctness of such an audit opinion and suffers damages resulting from such reliance.
Pontes at a Glance
PONTES the CEE lawyers is an international association of law firms rooted in the culture of cooperation and results.
Our team's distinctive competence lies in its ability to blend legal service with a level of regional insight. Knowledge is the key to our excellence: addressing trends within the practice and bringing the best minds together. PONTES firms also benefit from a schedule of cross-border training events, staff secondment and quarterly roundtables.
PONTES draws on in-depth knowledge acquired by leading international practices; a group of over 150 professionals from Austria, Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia delivering top-flight legal services clients can rely on, with experience in a range of practices including corporate/M&A, private equity & venture capital, banking and finance, real estate, litigation and dispute resolution, contract, employment, energy and infrastructure, as well as insurance and capital markets.