Litigation can cost a lot of money. Especially when it deals with contractual ambiguities, and where the contract does not clearly indicate the competent court. Now, thanks to EU regulations, a cost-intensive dispute can be avoided (at least in terms of such contractual matters), if the right precautions have been taken. Written by Christian Lenz & Raphael Toman.
Sportradar, the world’s leading provider of sports data and content, today announced that it has acquired the award-winning sports betting and gaming omnichannel platform business Optima. With the acquisition, Sportradar will extend its current betting services portfolio to become a full service B2B data, betting, trading and player management platform business. This will create a global ‘one-stop-shop’ technology and services business capable of offering a complete turnkey solution including a dedicated sports betting and iGaming platform.
In a recent decision, the Austrian Supreme Court held, contrary to previous case law, that bribery does not automatically result in a conviction for breach of trust. A manager who pays bribes in order to give his company an advantage is therefore "only" liable to prosecution for bribery and not at the same time for breach of trust (OGH 26.2.2019, 17 Os 8/18g). Learn more in this article written by Christopher Schrank & Klaus Winhofer.
More than 60 prestigious employers, institutions and further education providers are looking forward to meeting you in the auditorium and on the ground floor of the Vienna Faculty of Law. BTP will also be there with our stand, and we look forward to getting to know you! Get information on entry requirements and career opportunities at BTP and exchange ideas with our attorneys, trainee lawyers and trainees – gather the precious first-hand information!
Themis Bioscience announced the closing of a EUR 40 million Series D financing round. Brandl & Talos advised the Series D investor consortium consisting of (1) Farallon Capital, (2) Adjuvant Capi-tal, (3) Global Health Investment Fund, (4) Hadean Ventures, (5) Omnes Capital, (6) Ventech, (7) Wellington Partners Life Sciences und (8) aws Gründerfonds on one of the largest VC financing rounds in Austria to date in 2019.
German legislator subjects cryptosafe custody business to the BaFin supervision. As part of the implementation of the 5th Money Laundering Directive (Directive (EU) 2018/843), the German legislator plans to classify the so-called "cryptosafekeeping business" as a financial service in accordance with the German Banking Act. Written by Nicholas Aquilina & Simon Ewerz.
As part of the OSWV Congress (Austrian Sports Betting Association), the BTP experts will present on the following topics: "The Current Situation for Betting Companies Regarding eSports and Lootboxes", Presenter: Nicholas Aquilina. "EU Money Laundering Directive and Risk Analysis", Presenter: Raphael Toman
This year´s topic: Private Capital – A Source for Economic Growth in Austria and the CEE. The AVCO ANNUAL CONFERENCE brings together investors, service providers and entrepreneurs. This year we will also invite market participants of the CEE Region. Join the conversation, get new insights and extend your network!
An event especially aimed at managing directors, board members and decision-makers of SMEs. The discussion will deal with concrete problems, examine possible solution approaches, and offer assistance and support to the attending companies.
Cash pooling refers to the needs-based distribution of liquid funds within a group. Surplus cash of solvent group companies is bundled into a central "pool" (an operating company) and then dis-tributed to the group companies in need of liquidity. Learn more in this article written by Christopher Schrank & Aaaron Kleinbord.