Update prospectus law
“Update prospectus law” under the direction of capital markets partner Florian Khol marks the start for a series of seminars with subsequent panel discussions with the objective of explaining latest changes in law and commentary documentation as well as of reviewing their applicability and effects for the everyday business. In autumn 2010, after many years of discussion, the European Parliament and the EU Council have passed a directive amending the EU prospectus law and the transparency requirements for listed companies.
The new EU law is to be implemented into national law until 1 July 2012. Furthermore, the Austrian Financial Market Authority has published an update of its newsletter regarding prospectus law. Binder Grösswang capital markets partner Florian Khol and capital markets lawyer Thomas Berghammer compactly explain present and future changes resulting thereof for issuers.