Company register (Firmenbuch)
The public register in which companies and their legally relevant circumstances are recorded and published in Austria.
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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Transfer of shares
The assignment of GmbH shares, which in Austria requires the form of a notarial deed.
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Due diligence
The careful examination of the target company before the purchase from a legal, tax, financial and operational perspective.
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Transfer of business
The passing of a business or part of a business to a new owner, which in particular triggers employment-law protections.
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Share purchase agreement (SPA)
The central agreement governing the acquisition of a business (share or asset deal), covering the object of sale, purchase price, warranties and completion.
Structuring a deal, reviewing a contract, securing the risks?
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Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
+43 662 6280000