Environmental, social and governance (ESG) reporting is a major and evolving regulatory area in Europe. Disclosures play a crucial role in helping the financial sector address climate change and sustainability. They are also being used to address issues such as poor workplace diversity and gender pay gaps. Several jurisdictions have introduced or plan to introduce measures dealing with ESG risks in supply chains.After an outline of EU legislation, this article provides an overview of ESG law in Austria by Clemens Burian, and Christian Richter-Schöller of DORDA Attorneys at Law...
DORDA is a leading business law firm in Austria with a team of about 90 lawyers. We see ourselves as a full-service law firm and advise clients in all related areas of law. This holistic approach goes far beyond legal advice alone. We offer tailor-made solutions, regardless of the complexity of the problem â€“ and concise, clear risk assessments and proposals for action.
This innovative approach has earned us numerous prestigious awards and top rankings in international legal directories. Additionally, we work closely with renowned law firms all around the world, particularly in CEE. Our "Best Friends"-network gives access to experienced lawyers who are well established locally.
Year this Office was Established: 1976
Lawyers Worldwide: 90
Areas of Practice
New competition law rules for distribution agreements - the new Vertical Block Exemption Regulation
1. Introduction After a long consultation period, the European Commission recently published the new Block Exemption Regulation for Vertical Agreements (Regulation (EU) 2022/720 "VBER"). The regulation will enter into force on 1 June 2022. New Guidelines on vertical restraints ("Guidelines") will accompany the new VBER. Both replace the previous set of rules from 2010. Agreements which comply with the old VBER will benefit from a transitional period until 31 May 2023 before compliance with the new VBER becomes mandatory in order to benefit from the exemption...
DORDA advises PDFTron on the acquisition of Austrian Tech-Start-up eversign
Vienna, Austria – November 17, 2022 – Under the lead of Patricia Backhausen and Christoph Brogyányi, DORDA advises global tech-group PDFTron on the acquisition of Austrian tech start-up eversign GmbH, a provider of digital signature solutions. This transaction is yet another example where DORDA's Digital Industries Group demonstrated its expertise and leading role in technology-related transactions involving innovation-driven markets. The acquisition is not only of a strategic importance for PDFTron but was also challenging from a legal perspective because the digital signature business was spun-off from another group entity during the transaction...
Successful DORDA Engagement as Austrian Counsel for DigitalBridge in planned GD Towers Acquisition
DORDA has advised – as local counsel – DigitalBridge Group, Inc. which today announced that funds affiliated with its investment management arm (collectively, “DigitalBridge”) together with Brookfield Infrastructure and its institutional partners (collectively, “Brookfield”) have reached an agreement to acquire a 51% ownership stake in GD Towers. The transaction values GD Towers, the mobile telecommunications tower business of Deutsche Telekom AG, at EUR 17.5 billion, on a consolidated basis, including the assumption of net debt...