Verlag Österreich recently published the handbook “D&O Liability”, edited by Friedrich Harrer, Matthias Neumayr and Julia Told. It provides a diversified overview of the subject, from the handling of business risks to suitable compliance measures and responsibilities in corporate groups up to the enforcement of and defense against liability claims.
Our partner Paul Schörghofer contributed a chapter on the topic “Supervisory Board and Corporate Groups”. Since there is no codification of corporate group law in Austria, the respective issues need to be assessed on the basis of general corporate law. That also applies to the responsibilities of the supervisory board and the resulting liability. The book contribution provides guidance through this complex matter.