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Posts tagged #supervisory board

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Austrian OGH: Executive Board Contracts Terminable Without Notice

Civil Law 

In a notable appellate decision, the Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) addressed the issue of whether an executive board contract could be subject to immediate termination without notice upon the supervisory board’s disco...

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OGH: Invalid Clause in Advisory Board Rights

Civil Law 

A foundation’s declaration which makes its scope ‘with regard to’ unspecified ‘staffing’ of the advisory board at least partly dependent on the legal interpretation of its users concerning the existence of violations of ‘mandatory provisions or inter...

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ECJ - No Diminished Involvement after Conversion into SE

European Law 

If a company under national law is converted into a European Company (societas Europaea; abbr. SE), the representation of trade unions in the composition of the supervisory board may not be decreased. If national law (in this case, German law) requir...

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