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European Union: European Court of Justice Rules on Liability of Banks for Unauthorized Low-Value Transactions Using Contactless Payment

(Dec. 21, 2020) On November 11, 2020, the Court of Justice of the European Union (CJEU) held that the near-field communication (NFC) functionality of a bank card, also known as contactless payment, in itself is a “payment instrument” as defined in the EU Payment Services Directive 2015/2366 (PSD 2). The CJEU also clarified the meaning […]

Austria: Amendment of Financial Market Authority Act Establishes Regulatory Sandbox for Innovative FinTech Companies

(Sept. 18, 2020) On September 1, 2020, an amendment to the Austrian Financial Market Authority Act (Finanzmarktaufsichtsbehördengesetz, FMABG) entered into force in Austria. The amendment adds a new section 23a to the FMABG that directs the Austrian Financial Market Authority (FMA) to establish a regulatory sandbox for innovative businesses in the information and communication technology […]

Austria: Constitutional Court Clarifies Rules of Procedure Changes during Extraordinary Circumstances

(July 30, 2020) On July 14, 2020, the Austrian Constitutional Court approved changes to its Rules of Procedure, which, among other things, allow for decisions using a written circulation procedure and videoconferencing when extraordinary circumstances are present. The changes clarify a March 2020 amendment to the Constitutional Court Act that was adopted to keep the […]

Austria: Government Makes Wearing Protective Masks for Grocery Shopping Mandatory to Prevent Spread of COVID-19

(Apr. 2, 2020) A decree issued on March 31, 2020, requires that people in Austria shopping in grocery and drug stores wear protective masks. The decree tightens restrictions already put in place to prevent or contain the spread of the novel coronavirus in Austria and adds additional measures. The measures must be implemented immediately or, […]

Austria: Government Tightens Rules to Contain Spread of Coronavirus

(Mar. 17, 2020) On March 13, 14, 15, and 16, 2020, respectively, the Austrian government adopted the COVID-19 Act and several regulations that tighten restrictions already put in place to prevent or contain the spread of the novel coronavirus in Austria and to make money available to deal with the economic fallout from the pandemic. […]

Austria: Government Issues Several Regulations to Contain Spread of Coronavirus

(Mar. 12, 2020) On February 28 and March 6, 9, and 10, 2020, respectively, the Austrian government adopted several regulations and a decree that aim to prevent or contain the spread of the novel coronavirus in Austria. The measures include authorizations to require individuals traveling to Austria to undergo screening for the coronavirus and provide […]

Austria: Legal Right to Paternity Leave Expanded

(Oct. 29, 2019) On September 1, 2019, an amendment to the Austrian Paternity Leave Act (VKG) entered into force. (VKG § 14, para. 19.) The amendment gives fathers of babies born after December 1, 2019, the legal right to take unpaid early paternity leave for one month immediately following the birth of the child (“daddy month”). The […]