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EU: Crédit Agricole and Credit Suisse Involved in Government Bond Cartel

European Law 

Crédit agricole and Credit Suisse have participated in an agreement to fix US dollar denominated sovereign and government bond prices. The fine imposed by the Commission in 2021 has now been confirmed by the European Court of Justice (CJEU). In 2018,...

OGH: No Trustor Liability for Initial Contribution

Corporate Law 

The Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) has rejected the principle of direct liability of a trustor for an outstanding initial contribution. Such liability only applies in exceptional cases. This decision was based on the f...

OGH: Lawyer's duty to warn about potential return of contributions

Civil Law 

The Supreme Court (Oberster Gerichtshof, OGH) addressed the question of the extent to which lawyers have to examine and warn of possible violations of the capital preservation regulations, in particular the prohibition of return of capital contributi...

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