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Corporate Law Update: Startup Promotion Act and the Flexible Corporations Act (FlexKapGG) enacted

Tl;dr Start-Up Promotion Act and Corporate Law Amendment Act Enacted The Austrian parliament passed two pieces of legislation at the end of December 2023, which came into effect on January 1, 2024; the Startup Promotion Act and the Flexible Corporations Act (FlexKapG). Both are aimed at enhancing the attractiveness of Austria as a hub for startups and venture capital investments.… Read More »Corporate Law Update: Startup Promotion Act and the Flexible Corporations Act (FlexKapGG) enacted

Corporate Law Update: Austria’s Startup Ecosystem Set for Growth – a Look into the Startup Promotion Act and the Flexible Corporations Act (FlexKapGG)

Tl;dr Introduction In an era where innovation is the key to economic growth, the Austrian government has taken a significant step towards fostering a robust startup ecosystem. The introduction of the Startup Promotion Act (Start-Up-Förderungsgesetz; 275/ME) and the Flexible Corporation Act (Flexible Kapitalgesellschafts-Gesetz, FlexKapGG; Gesellschaftsrechts-Änderungsgesetz 2023 – GesRÄG 2023, Änderung (276/ME)) has the possibility to reshape the corporate framework for… Read More »Corporate Law Update: Austria’s Startup Ecosystem Set for Growth – a Look into the Startup Promotion Act and the Flexible Corporations Act (FlexKapGG)

Understanding Term Sheets: Key Provisions and Negotiation Strategies for Venture Capital Financing – Part 1/2

Tl;dr After reading this blog post, you will know more about these topics: Introduction Term sheets are a a vital part of most venture capital financing processes. They outline the main terms of an agreement between investors and founders before final legal documents are created. Although most term sheet provisions are non-binding (the few binding provisions of term sheets usually… Read More »Understanding Term Sheets: Key Provisions and Negotiation Strategies for Venture Capital Financing – Part 1/2