Home / Europe / Austria / Insurance

Insurance

Austria

Whether you are an insurer, broker, reinsurer or insured party, you face an increasingly unpredictable world. From day-to-day operational matters to strategic planning, liability and disputes resolution, policy drafting, coverage and regulatory issues, your world is changing rapidly as tougher capital and risk requirements impact your business. With 100 specialist lawyers in 42 countries, we are attuned to your commercial interests and can protect them in your home market and across borders.

We understand the complexities of your markets. Whether you require guidance on claims, regulation policy drafting, wider business disputes, M&A, capital raisings and restructurings, cyber or other liability, HR, tax, real estate or commercial issues, our multi-disciplinary specialists can help you. We have a recognised domestic and cross-border track record of delivering for clients on the most complex transactional and advisory engagements in this sector. Equally, in the event of a domestic or cross-border insurance or reinsurance dispute, we can guide you through the disputes process, striving to secure the best business outcome.


Feed

02/08/2022
Leg­al is­sues in the meta­verse / Part 4 - Ex­pec­ted im­pact of the EU Ar­ti­fi­cial...
Part 4 - Ex­pec­ted im­pact of the EU Ar­ti­fi­cial In­tel­li­gence Reg­u­la­tion, the meta­verse as a work­place In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world. The emer­gence...
27/07/2022
Leg­al is­sues in the meta­verse / Part 3 - Data pro­tec­tion chal­lenges, the...
Part 3 - Data pro­tec­tion chal­lenges, the im­port­ance of cy­ber­se­cur­ity, ad­vert­ising reg­u­la­tion in the meta­verse In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world...
19/07/2022
Leg­al is­sues in the meta­verse / Part 2 - Trade­marks and copy­right, NFTs...
Part 2 - Trade­marks and copy­right, NFTs and civil law prin­ciples in the meta­verse In our first art­icle, we ex­amined the nature of the meta­verse, the shared vir­tu­al world. In the meta­verse, trade in vir­tu­al...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, stay­ing ahead of the curve and know­ing what’s next for your busi­ness or sec­tor is es­sen­tial.At CMS, we see ourselves not only as your leg­al ad­visers but also as your busi­ness part­ners. We work to­geth­er with you to not only re­solve cur­rent is­sues but to an­ti­cip­ate fu­ture chal­lenges and in­nov­ate to meet them.With our latest pub­lic­a­tion, CMS Next, our ex­perts will reg­u­larly of­fer you in­sights in­to and fresh per­spect­ives on a range of is­sues that busi­nesses have to deal with – from ESG agen­das to re­struc­tur­ing after the pan­dem­ic or fa­cing the di­git­al trans­form­a­tion. We will also share with you more about the work that we are do­ing for our cli­ents, help­ing them in­nov­ate, grow and mit­ig­ate risk.To be able to provide you with the best sup­port, we im­merse ourselves in your world to un­der­stand your leg­al needs and chal­lenges. However, it is equally im­port­ant that you know who we are and how we can work with you. So, we in­vite you to meet our ex­perts and catch a glimpse of what is hap­pen­ing in­side CMS.En­joy read­ing this pub­lic­a­tion, which we will up­date reg­u­larly with new con­tent.CMS Ex­ec­ut­ive Team
26/05/2022
Schrems II: Re­ac­tions to the judge­ment and the su­per­vis­ory au­thor­it­ies'...
“Schrems II”: Opin­ions of the su­per­vis­ory au­thor­it­ies on Schrems II and re­com­mend­a­tions on the im­ple­ment­a­tion of the judge­ment in in­ter­na­tion­al data trans­fers On 16 Ju­ly 2020, the Court of Justice...
11/05/2022
SF­DR con­tin­ues to evolve: more gran­u­lar dis­clos­ures to be pro­posed on in­vest­ments’...
Fin­an­cial products with ex­pos­ures in fossil gas and nuc­le­ar en­ergy are likely to have more gran­u­lar re­port­ing re­quire­ments un­der the Sus­tain­able Fin­ance Dis­clos­ure Reg­u­la­tion (“SF­DR”). The European...
11/05/2022
SF­DR’s Prin­cip­al Ad­verse Im­pacts In­dic­at­ors on course to change
The European Com­mis­sion has giv­en the European Su­per­vis­ory Au­thor­it­ies (“ES­As”) a man­date to re­view the SF­DR Del­eg­ated Reg­u­la­tion in­dic­at­ors for prin­cip­al ad­verse im­pact and the fin­an­cial product...
01/03/2022
Pro­posed man­dat­ory cor­por­ate sus­tain­ab­il­ity due di­li­gence re­quire­ments...
On 23 Feb­ru­ary 2022, the European Com­mis­sion ad­op­ted a long-awaited pro­pos­al for a Dir­ect­ive on cor­por­ate sus­tain­ab­il­ity due di­li­gence for widely-defined spe­cified “com­pan­ies”. The pro­pos­als are wide...
09/02/2022
Class ac­tions in Aus­tria
See the Over­view of the Rep­res­ent­at­ive Ac­tions Dir­ect­ive >> 1. Do you have a spe­cif­ic pro­ced­ure or pro­ced­ures for bring­ing “opt-in” class ac­tions?  If so, please out­line such pro­ced­ure(s) and...
Comparable
03/02/2022
CMS ad­vises Mayr-Mel­nhof Holz Hold­ing Group on ac­quis­i­tion of Swedish saw­mill...
With the sup­port of CMS Aus­tria, Mayr-Mel­nhof Holz is con­tinu­ing its suc­cess­ful course of ex­pan­sion. Shortly be­fore the end of the year, the tra­di­tion­al Aus­tri­an com­pany signed a con­tract to take over the Swedish saw­mill group Ber­gk­v­ist Sil­jan. In the 2022 fin­an­cial year, the com­pany will thus achieve sales of more than EUR 1 bil­lion for the first time in its 170-year his­tory.With this ac­quis­i­tion, Mayr-Mel­nhof Holz, one of the lead­ing com­pan­ies in the European saw­mill and wood pro­cessing in­dustry, is ex­pand­ing its pro­duc­tion ca­pa­city by around 50 per­cent to more than 5.0 mil­lion solids cu­bic metres of sawn tim­ber per year.The clos­ing of the trans­ac­tion took place on 1 Feb­ru­ary 2022. The parties agreed not to dis­close the fin­an­cial de­tails of the trans­ac­tion.“We are very pleased that we were able to suc­cess­fully as­sist the Mayr-Mel­nhof Holz Group with this im­port­ant step in its ex­pan­sion. The short peri­od of time over which this trans­ac­tion was ne­go­ti­ated and con­trac­tu­ally agreed was ex­cep­tion­al,” said Rain­er Wachter, Co-Head of Cor­por­ate Trans­ac­tions at CMS Aus­tria.The CMS team con­sisted of part­ner Rain­er Wachter (lead), part­ner Oliv­er Wern­er (M&A, W&I In­sur­ance) and lead as­so­ci­ate Marco Sel­en­ic. As­so­ci­ate Mat­thi­as Emich from the cor­por­ate team provided sup­port. CMS’s com­pet­i­tion law work was handled by part­ner Di­eter Zand­ler with sup­port from as­so­ci­ates Vanessa Hor­aceck and Arno Scharf. Swedish law firm Wis­trand Ad­vokat­byrå (Lead Part­ner Robert Kullgren) as­sisted CMS and Mayr-Mel­nhof Holz.Sus­tain­ab­il­ity in fo­cus­Mayr-Mel­nhof Holz is one of a large num­ber of CMS cli­ents who place the is­sue of sus­tain­ab­il­ity at the centre of their busi­ness activ­it­ies. For ex­ample, the com­pany ob­tains its raw wood ex­clus­ively from sus­tain­ably man­aged forests. With the ac­quis­i­tion, the ex­ist­ing saw­mills in Leo­ben (Aus­tria), Paskov (Czech Re­pub­lic) and Efimovskij (Rus­sia) have now been joined by three new sites in cent­ral Sweden.
11/06/2021
EDPB is­sues Re­com­mend­a­tion on cred­it card data stor­age for one-click pay­ments
The European Data Pro­tec­tion Board (EDPB) has ad­op­ted a new re­com­mend­a­tion on the leg­al basis for the stor­age of cred­it card data by e-com­merce mer­chants for the pur­pose of one-click pay­ment of fur­ther...
01/06/2021
Some leaks can­'t be fixed
“Con­fid­en­tial in­form­a­tion is like an ice cube... give it to the party who has no re­fri­ger­at­or or will not agree to keep it in one, and by the time of the tri­al you have just a pool of wa­ter.” This...