Page 1/5

Justice

Kazakhstan and Austria Reinforce Reciprocal Extradition and Legal Assistance

During a visit to Vienna, Kazakh Attorney General Kairat Kozhamzharov was received by Josef Moser, Federal Minister for Reforms and Justice. A joint declaration was signed. The talks focused on Kazakhstan's multilateral efforts, current affairs, mutual extradition and mutual legal assistance with Kazakhstan.

October 19, 2018

Californian Woman Can Not Take Austrian Railways to Court in the US

Supreme Court says, Carol Sachs who was heavily injured in Innsbruck can’t sue in the US. Her lawsuit against the Austrian national railroad ÖBB for injuries that she suffered while attempting to board a train in Austria does not fall within the “commercial activity” exception to the Foreign Sovereign Immunities Act, and is therefore barred by the doctrine of sovereign immunity. The American wanted USD 20 million compensation from ÖBB.

December 2, 2015

Raids at Romanian Affiliate of VIG

A number of business locations of Omniasig, the Romanian affiliate of Austrian insurer VIG, were searched by the police. Several employees are accused of forgergy and abuse of authority.

May 14, 2014

New Serbian Government Wants Speedy EU Accession

The new Serbian government is determined to accelerate the EU accession progress.

May 2, 2014

Slovenia: ”Everything Will Stand Still”

Due to the current political crisis the fear about devastating impacts on the Slovenian economy is high.

April 28, 2014

Immofinanz: Ownership Problems in Romania

According to a court decision Immofinanz has took over not legitimately acquired property in Transsylvania.

April 17, 2014

Serbia: “Radical Measures” Needed to Tackle Grey Economy

Experts call for higher penalties to make tax evasion and gray economy less profitable and establish financial discipline.

April 14, 2014

Hypo Group: Disastrous Losses Revealed

Huge write-offs and value adjustments have sent losses of nationalized problem Hypo Group Alpe Adria soaring. Losses running into the billions are expected.

April 10, 2014

Hypo Group: Former CEO Sentenced to Prison

Former CEO of Hypo and investor Tilo Berlin was sentenced to more than two years in prison.

April 9, 2014

Hypo Group too Expensive for BayernLB

According to an official expert, regional German lender BayernLB’s fatal decision to take over Hypo Group Alpe Adria was based on questionable company evaluations.

April 7, 2014

BayernLB: “Odd“ Sponsoring Contracts in Carinthia

Former managers of the German regional bank are under suspicion of having bribed then-governor of the Austrian province of Carinthia.

March 31, 2014

Austria: Dispute about Hypo Credit to Alpine

The granting of a loan to Alpine Bau, which went bankrupt soon afterwards, in the amount of € 25m by Austrian problem bank Hypo Group Alpe Adria has become an issue of the Austrian prosecution.

March 31, 2014

Slovenia: Controversial Property Tax Fails

The Slovenian Constitutional Court has rejected the controversial property tax suggested by the government. This will jeopardize this year’s budget.

March 28, 2014

Serbia: Little Faith in Judiciary

The majority of the Serbian population does not trust state institutions, particularly the judiciary.

March 27, 2014

BayernLB Threatens Hypo Group with Damage Claims

BayernLB, former parent company of Hypo Group Alpe Adria International, is threatening to claim damages from its former affiliate.

March 26, 2014

Hungary: Jurisdiction Affects FX Loans and Banks

Hungary’s constitutional court will exert influence on FX loans.

March 18, 2014

Hypo Group: Government Explains Downsizing Solution

On Tuesday the Austrian government will explain the decided downsizing solution for the ailing bank Hypo Group Alpe Adria. Carinthia only wants to pay € 300m in downsizing costs.

March 18, 2014

Serbia: Landslide Victory for Vucic

After Deputy Prime Minister Aleksandar Vucic’s party saw an overwhelming victory in the early parliamentary elections the new government is facing a hard road ahead.

March 17, 2014

Austria: Spindelegger Still Does Not Exclude Hypo’s Bankruptcy

In an interview with daily “Österreich” Finance Minister Michael Spindelegger announced his intention of very carefull examining the task force’s final report about ailing bank Hypo Group.

March 8, 2014

Hypo Group: Decision about Downsizing Expected Soon

At the beginning of next week the final report for the planned downsizing of Hypo Group will be presented.

March 4, 2014

“Serbia Has to Become Economically and Politically Stable”

Prime Minister Dacic promised to continue to follow the path to an EU membership. Former Austrian Chancellor Gusenbauer underlines Serbia’s importance among Western Balkan states.

March 3, 2014

Austria/Ukraine: Bank Accounts of Former Leading Politicians to be Frozen

Austria imposes unilateral sanctions against 18 members of the overthrown Ukrainian regime. Among the high-ranking officals are former president Viktor Yanukovych and his son Oleksander Yanukovych.

February 28, 2014

Romania: Ponta Clinging to Leadership

Reforms in Romania will be carried out even if Ponta’s new government’s majority will be reduced in parliament.

February 27, 2014

Austria: “Council of the Wise“ for Hypo Group

Instead of a parliamentary investigation committee the coalition expressed its wish to appoint a “Council of the Wise” for the the assessment of the ailing bank’s nationalization.

February 25, 2014

Testimony Against Former Kazakh Diplomat

Today, a press conference about suspected damaged persons by former Kazakh ambassador to Austria, Rahat Aliyev, who is alleged to have disappeared in Malta, will take place at the Media Quarter Marx in Vienna.

February 13, 2014

Slovenia: Dispute with Croatia Just Begun

Slovenian Foreign Minister Erjavec announced to continue dispute against Croatia.

January 29, 2014

Bank Dispute between Croatia and Slovenia Reappears

Last year Slovenia was ordered in the first instance to pay back the foreign currency deposits of LB’s former affiliate in Sarajevo.

January 22, 2014

Hungary: Forex Loan Problem to be Solved

According to the Hungarian National Bank (MNB), the problem of the foreign-exchange loans could be solved in the next half year.

January 17, 2014

Austrian State Sues Six Banks

The Republic of Austria filed lawsuits against six lending banks of bankrupt construction enterprise Alpine.

January 17, 2014

Causa Aliyev: Austrian Justice Minister under Pressure

Austrian Justice Minister Brandstetter has registered more former members of the Kazakh secret service than was previously known.

January 16, 2014

Austria: On Verge of Losing Business Attractiveness

The new tax package does not only burden car drivers and smokers but also the economy will have to contribute to the budget with several hundreds of millions of Euros annually.

January 15, 2014

Meinl Bank: Plans of Growth in Czech Republic and UK

Meinl Bank has opened a new subsidiary in Prague. Growth plans for the core business in Central and Eastern Europe is well on its way, according to the bank’s officials.

January 7, 2014

Austria: FMA to Activate Whistleblower Hotline

At the beginning of this year the Financial Market Authority (FMA) in Austria has activated a “whistleblower hotline” for bank insiders to report about potential abuses.

January 3, 2014

Austria Bought Time for Examining Hypo Deal

Austria was granted more time for a possible appeal of the purchase of problem bank Hypo Group Alpe Adria from former parent company BayernLB.

December 23, 2013

Serbia to Receive Pre-Accession Assistance from EU

Today the European Commission adopted the 2013 national programme for Serbia under the Instrument for Pre-accession Assistance (IPA).

December 23, 2013

Slovenia: Three Arrestments at NLB

According to Slovenian authorities, three persons in the bank’s environment were arrested because of alleged malpractice.

December 18, 2013

RBI CEO under Suspicion of Prosecution against Corruption

Karl Sevelda, CEO of Raiffeisen Bank International (RBI), is suspected of having sold company’s shares of a commodity trader below their value. The prosecution in Vienna is now searching Sevelda’s office.

December 18, 2013

Austria: Fate of Hypo Group Still Unclear

Only next year the fate of ailing bank Hypo Group Alpe Adria will be determined.

December 16, 2013

Hungary: Good News for Banks in Forex Proceedings

Banks operating in Hungary can feel relieved by the Supreme Court’s judgement.

December 16, 2013

Former Kazakh Embassador Facing Trial in Austria

Rachat Alijew is facing prosecution in Austria because of alleged money laundering. Moreover, a former Austrian Chancellor is suspected of spying.

December 10, 2013

Hypo Alleged of Having Hoarded Assets of Former Serbian Regime

A Serbian NGO suspects assets of former Serbian President Slobodan Milosevic at Hypo Group Alpe Adria. The Austrian bank strongly rejects this allegation.

December 6, 2013

Bank Austria: Massive Case of Customer Data Abuse.

Bank Austria files a lawsuit on the abuse of consumer data as Austrian magazine “News” got hold of data of around 5,000 costumers

December 4, 2013

Dispute about NLB Reignites between Slovenia and Croatia

Damaged savers of NLB filed lawsuit against the bank at the European Court for Human Rights.

November 26, 2013

Hypo Investigations Could Last Several More Years

Yesterday the first court proceeding at the Regional Higher Court in Munich started. Investigations in Austria will take up to four years.

November 26, 2013

BayernLB Lodges Claim of Almost € 5bn

The value in dispute in the legal discussions between German BayernLB and fromer affiliate Hypo Group Alpe Adria runs up to almost € 5bn.

November 25, 2013

Austria:Kommunalkredit Managers Accused of Breach of Trust

Four former managers of nationalized Kommunalkredit (KA) are accused of breach of trust and violating the Stock Corporation Act by the Public Prosecutor's Office against Economy and Corruption (WKStA) at the Regional Court in Vienna.

November 22, 2013

Hypo Group: Investors Claim Refunds

A group of aggrieved investors in Hypo Group Alpe Adria files claims for damages. These so-called small investors provided amounts from € 30,000 to € 300,000 and feel disadvantaged compared to bigger investors.

November 20, 2013

Lopatka: EU Enlargement Process of Western Balkans Decisive for Austria

“Non-Enlargement” of Western Balkan states would be fatal for Austrian businesses operating in the region and the national economy.

October 31, 2013

Germany: Proceedings against Take-Over of Hypo Group to Start

On Thursday the Higher Regional Court in Munich has decided to admit the prosecution against the take-over of Hypo Group Alpe Adria, which had earlier been rejected by the Regional Court as implausible.

October 28, 2013

“We Need to Pull Down the Iron Curtain in Our Heads“

In an interview with Austrian daily “WirtschaftsBlatt“ Johannes Seiringer, Director of the Austrian office of the European Bank for Reconstruction and Development (EBRD) calls for incentives for enterprises to continue investing in CEE.

October 24, 2013
Fast News Search