Publications  


ILO Newsletter 28. September 2012
New taxes on real estate sales: consequences for insolvencies

A new real estate income tax was recently introduced in Austria. When land encumbered by liens is now sold in the course of insolvencies, the question arises as to whether this new tax qualifies as special estate costs. The Supreme Court is yet to clarify the matter; therefore, until this happens, creditors should note that reduced amounts will be attributed to them from the proceeds from the sale of collateral.
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ILO Newsletter 7. September 2012
Energy performance certificates revisited: toothless tiger learns to bite

The Act on the Presentation of Energy Performance Certificates 2012 implements the EU Energy Performance Directive, which replaced EU Directive 2002/91/EC. The act introduces disclosure requirements for advertisements in commercial media, more stringent sellers´ and landlords´ obligations in relation to energy performance certificates and an effective regime of administrative penalties.


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ILO Newsletter 29. August 2012
Changes to pension system promise flexibility and protection

Signed into law in 1990, the Company Pension Act and the Pension Fund Act sought to provide a sound legal basis for the pension system´s so-called ´second pillar´ (the other pillars being the mandatory state pension and employee-funded pension plans).
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Section of International Law 2012 Fall Meeting
Pursuing Global Claims with Local Legal Tools


Program Chair & Speaker: Nikolaus Pitkowitz, Graf & Pitkowitz
16. bis 20. Oktober 2012
Fontainebleau Resort

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ILO Newsletter 05. Juli 2012
Supreme Court defines limits of arbitration agreements

The Supreme Court was recently faced with an inexecutable arbitration clause and took the opportunity to clarify the interpretation of arbitration agreements and their boundaries. The court held that arbitration agreements must be interpreted primarily under procedural law; however, if doubts arise under applicable contract law, or if an arbitration agreement refers to an arbitral institution which no longer exists, the agreement becomes inoperative only if it is impossible to reconstruct a comparable arbitration court.
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