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Glossary

Company register (Firmenbuch)

The public register in which companies and their legally relevant circumstances are recorded and published in Austria.

In brief

The company register (Firmenbuch) is the public register kept by the courts for corporations, partnerships and registered sole traders. Under section 1 FBG it serves to disclose legally relevant facts such as shareholders, managing directors, powers of representation, share capital and registered seat. Entries have publicity effect and protect the good faith of the legal community.

In an acquisition the company register is a central source for the due diligence and the target of subsequent filings. After a transfer of shares or a change of managing director the new circumstances are entered there. The register status is often secured as a warranty in the share purchase agreement.

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Legal basis

Statutory texts for orientation; the version in force at the relevant time prevails.

This explanation gives a general overview of Austrian law and does not replace advice in an individual case. The specific circumstances of your transaction are always decisive.

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Contact

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Address

BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg