What will the new Business Judgement Rule achieve?

2015-05

The Criminal Code Amendment Act of 2015 entails changes to corporate law in unexpected places, namely in changes to the legal basis for the liability of directors and boards of directors. The Business Judgement Rule (BJR) was codified in Austria on 1st of January 2016, according to international standards.

Full article in German

Authors

Picture of Clemens Grossmayer
Clemens Grossmayer
Partner
Vienna
Picture of Ioanna Ovadias
Ioanna Ovadias
Associate
Vienna