April 16, 2024

All times are Vienna time

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Compensation

New Regulations for Bank Managers' Bonuses

Additional compensations for managers in the banking sector are subject to new regulations approved by the Austrian National Council. Payments will be deferred in time.

Bank Austria’s Snowball clause illegal

The unilateral termination right of Bank Austria in its "Callable Snowball Floater " is unlawful according to the Supreme Court (OGH).