Although there is a rapidly growing number of CBD stores in Austria, it’s worth noting a few different uses and the respective restrictions of cannabis products. FoodCannabinoid-containing extracts marketed as such or in foodstuffs – predominantly marketed as food supplements (e.g., CBD oil), are generally considered to be novel foods. Novel foods are defined as […]
A general, not Austria-specific, remark is that companies engaged in the production or distribution of cannabisneed to ensure an additional level of security when cannabis is in transit. Whether it is the product moving from the supplier to the retailer or from the retailer to the consumer, the product is vulnerable to in-transit theft which […]
The possibilities to register cannabis trademarks with the Austrian Patent Office are very limited. To date with the Austrian Patent Office only three trademark registrations including the term “cannabis” are (still) registered; “Österreichisches Cannabis Netzwerk” for the Austrian Cannabis Network “Cannabisin” for a drug (registered 2014) “Jayzoo Cup Winner Cannabis” – combined trademark (registered 2021) […]
Coming of Age: Why legislation is finally catching up with cannabis While the world has been dominated by the Covid-19 pandemic during the past 18 months, one business sector that […]
Klaus Oblin is a highly successful, seasoned Viennese litigator who loves the cut and thrust of the court room with its challenges and reasoned debate. For him, dispute resolution is like a game of chess; a chance to outmanoeuvre and outsmart the opposition. The law according to Klaus needs to be interesting and stimulating, the […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Stefan Warbek of WARBEK Attorneys at Law. Stefan has joined IR as our exclusive Data Privacy & Security Member in Austria. Dr. Stefan Warbeck founded his own law office in 1999 and specialised in, for instance, copyright law, patent law […]
On 23 July 2020, the Austrian Supreme Court (Oberste Gerichtshof, OGH) rendered its decision in 18 ONc 1/20x,1 in which it considered a (repeated) challenge of an arbitrator in a VIAC proceeding. Facts The Respondent in the arbitral proceeding had already unsuccessfully objected to the arbitrator’s appointment on a prior occasion. Drawing on Article 20 of the […]
The effects of COVID-19 on the global economy are well-documented and need not be discussed in detail here. Austria’s economy was certainly not spared and there is little doubt that corporate insolvencies will increase across most sectors. In light of a recent publication by colleagues at Skadden Arps Slate Meagher & Flom LLP, answering several questions about […]
Arbitration v. Litigation in Civil And Common Law Jurisdictions The legal background of the tribunal, the parties, and their counsel can influence the scope of disclosure and discovery, which is a major point of divergence between common and civil law. Counsel and arbitrators with a US background may be accustomed to far-reaching discovery, encompassing sweeping […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Iris Burgstaller of TPA Group. Iris has joined IR as our exclusive Transfer Pricing member in Austria. Iris is an expert in international tax advice, transfer pricing, international project business and the tax structuring of cross-border business cases including M&A. She deals […]
1. Basis of Insurance and Reinsurance Law 1.1 Sources of Insurance and Reinsurance Law The primary source for Austrian insurance and reinsurance law is the Austrian Insurance Contracts Act, which primarily focuses on the insurance contract itself excluding the application to reinsurance contracts according to Section 187 of the Insurance Contracts Act and stipulates obligations […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
