{"id":3773,"date":"2023-05-03T10:34:45","date_gmt":"2023-05-03T10:34:45","guid":{"rendered":"https:\/\/www.frra.at\/?p=3773"},"modified":"2023-05-03T10:34:45","modified_gmt":"2023-05-03T10:34:45","slug":"frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks","status":"publish","type":"post","link":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/","title":{"rendered":"FRRA Legal Blog: Virtual Shareholders’ Meetings Act (VirtGesG) in the starting blocks"},"content":{"rendered":"

Last Friday, the ministerial draft of the Virtual Shareholders’ Meetings Act (Virtuelle Gesellschafterversammlungen-Gesetz \u2013 VirtGesG) was received by the National Council. The review period runs until 26.05.2023. The law is to come into force on 14.07.2023.<\/p>\n

According to the explanatory notes to the ministerial draft, the holding of shareholders’ meetings using technical means of communication, in particular via video conferencing, has proven itself in practice, which is why a permanent legal basis for virtual as well as hybrid meetings is now to be created.<\/p>\n

The new law applies to meetings of shareholders or members of corporations, cooperatives, associations, mutual insurance associations, small insurance associations and savings banks. The main difference to the current legal situation under the COVID-19 Corporate Law Act is that the holding of virtual or hybrid meetings must be explicitly provided for in the Articles of Association.<\/p>\n

The Act distinguishes between simple virtual meetings and moderated virtual meetings (with a chairperson). The former require the possibility of participation by means of an acoustic and optical two-way connection in real time. For the latter, an optical and acoustic transmission in real time as well as the possibility to participate by means of electronic communication is sufficient. Furthermore, there are special provisions for listed stock corporations.<\/p>\n

If you have any questions about the new law, in particular about the practical implementation of the new rules, please do not hesitate to contact us.<\/p>\n

Authors: Paul Sch\u00f6rghofer and Florian W\u00fcnscher<\/p>\n","protected":false},"excerpt":{"rendered":"

Last Friday, the ministerial draft of the Virtual Shareholders’ Meetings Act (Virtuelle Gesellschafterversammlungen-Gesetz \u2013 VirtGesG) was received by the National Council. The review period runs until 26.05.2023. The law is to come into force on 14.07.2023. According to the explanatory notes to the ministerial draft, the holding of shareholders’ meetings using technical means of communication,…<\/p>\n","protected":false},"author":6,"featured_media":3091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-3773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nFRRA Legal Blog: Virtual Shareholders' Meetings Act (VirtGesG) in the starting blocks - FRRA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRRA Legal Blog: Virtual Shareholders' Meetings Act (VirtGesG) in the starting blocks - FRRA\" \/>\n<meta property=\"og:description\" content=\"Last Friday, the ministerial draft of the Virtual Shareholders’ Meetings Act (Virtuelle Gesellschafterversammlungen-Gesetz \u2013 VirtGesG) was received by the National Council. The review period runs until 26.05.2023. The law is to come into force on 14.07.2023. According to the explanatory notes to the ministerial draft, the holding of shareholders’ meetings using technical means of communication,...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/\" \/>\n<meta property=\"og:site_name\" content=\"FRRA\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-03T10:34:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Pribila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maria Pribila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/\"},\"author\":{\"name\":\"Maria Pribila\",\"@id\":\"https:\/\/www.frra.at\/en\/#\/schema\/person\/359c78f9f5f397c61fb9e417910d4aaa\"},\"headline\":\"FRRA Legal Blog: Virtual Shareholders’ Meetings Act (VirtGesG) in the starting blocks\",\"datePublished\":\"2023-05-03T10:34:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/\"},\"wordCount\":250,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.frra.at\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/\",\"url\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/\",\"name\":\"FRRA Legal Blog: Virtual Shareholders' Meetings Act (VirtGesG) in the starting blocks - FRRA\",\"isPartOf\":{\"@id\":\"https:\/\/www.frra.at\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg\",\"datePublished\":\"2023-05-03T10:34:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#primaryimage\",\"url\":\"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg\",\"contentUrl\":\"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg\",\"width\":900,\"height\":600,\"caption\":\"Labor law, Lawyer, Attorney at law, Legal advice business concept on screen.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/www.frra.at\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FRRA Legal Blog: Virtual Shareholders‘ Meetings Act (VirtGesG) in the starting blocks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.frra.at\/en\/#website\",\"url\":\"https:\/\/www.frra.at\/en\/\",\"name\":\"FRRA\",\"description\":\"Kompetenz, die \u00fcberzeugt.\",\"publisher\":{\"@id\":\"https:\/\/www.frra.at\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.frra.at\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.frra.at\/en\/#organization\",\"name\":\"Frotz Riedl Rechtsanw\u00e4lte\",\"url\":\"https:\/\/www.frra.at\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.frra.at\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2021\/04\/Frotz-Riedl-Rechtsanwaelte-Logo-500x50-1.png\",\"contentUrl\":\"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2021\/04\/Frotz-Riedl-Rechtsanwaelte-Logo-500x50-1.png\",\"width\":500,\"height\":50,\"caption\":\"Frotz Riedl Rechtsanw\u00e4lte\"},\"image\":{\"@id\":\"https:\/\/www.frra.at\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.frra.at\/en\/#\/schema\/person\/359c78f9f5f397c61fb9e417910d4aaa\",\"name\":\"Maria Pribila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.frra.at\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5e4857bb3b7b73963b9a9d20ad1fd4b9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5e4857bb3b7b73963b9a9d20ad1fd4b9?s=96&d=mm&r=g\",\"caption\":\"Maria Pribila\"},\"sameAs\":[\"http:\/\/frra.at\"],\"url\":\"https:\/\/www.frra.at\/en\/author\/mpribila_t7k91254\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FRRA Legal Blog: Virtual Shareholders' Meetings Act (VirtGesG) in the starting blocks - FRRA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/","og_locale":"en_US","og_type":"article","og_title":"FRRA Legal Blog: Virtual Shareholders' Meetings Act (VirtGesG) in the starting blocks - FRRA","og_description":"Last Friday, the ministerial draft of the Virtual Shareholders’ Meetings Act (Virtuelle Gesellschafterversammlungen-Gesetz \u2013 VirtGesG) was received by the National Council. The review period runs until 26.05.2023. The law is to come into force on 14.07.2023. According to the explanatory notes to the ministerial draft, the holding of shareholders’ meetings using technical means of communication,...","og_url":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/","og_site_name":"FRRA","article_published_time":"2023-05-03T10:34:45+00:00","og_image":[{"width":900,"height":600,"url":"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg","type":"image\/jpeg"}],"author":"Maria Pribila","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Maria Pribila","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#article","isPartOf":{"@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/"},"author":{"name":"Maria Pribila","@id":"https:\/\/www.frra.at\/en\/#\/schema\/person\/359c78f9f5f397c61fb9e417910d4aaa"},"headline":"FRRA Legal Blog: Virtual Shareholders’ Meetings Act (VirtGesG) in the starting blocks","datePublished":"2023-05-03T10:34:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/"},"wordCount":250,"commentCount":0,"publisher":{"@id":"https:\/\/www.frra.at\/en\/#organization"},"image":{"@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/","url":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/","name":"FRRA Legal Blog: Virtual Shareholders' Meetings Act (VirtGesG) in the starting blocks - FRRA","isPartOf":{"@id":"https:\/\/www.frra.at\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#primaryimage"},"image":{"@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg","datePublished":"2023-05-03T10:34:45+00:00","breadcrumb":{"@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#primaryimage","url":"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg","contentUrl":"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2022\/05\/Gesellschaftsrecht0522.jpg","width":900,"height":600,"caption":"Labor law, Lawyer, Attorney at law, Legal advice business concept on screen."},{"@type":"BreadcrumbList","@id":"https:\/\/www.frra.at\/en\/frra-legal-blog-virtual-shareholders-meetings-act-virtgesg-in-the-starting-blocks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.frra.at\/en\/"},{"@type":"ListItem","position":2,"name":"FRRA Legal Blog: Virtual Shareholders‘ Meetings Act (VirtGesG) in the starting blocks"}]},{"@type":"WebSite","@id":"https:\/\/www.frra.at\/en\/#website","url":"https:\/\/www.frra.at\/en\/","name":"FRRA","description":"Kompetenz, die \u00fcberzeugt.","publisher":{"@id":"https:\/\/www.frra.at\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.frra.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.frra.at\/en\/#organization","name":"Frotz Riedl Rechtsanw\u00e4lte","url":"https:\/\/www.frra.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.frra.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2021\/04\/Frotz-Riedl-Rechtsanwaelte-Logo-500x50-1.png","contentUrl":"https:\/\/www.frra.at\/wp\/wp-content\/uploads\/2021\/04\/Frotz-Riedl-Rechtsanwaelte-Logo-500x50-1.png","width":500,"height":50,"caption":"Frotz Riedl Rechtsanw\u00e4lte"},"image":{"@id":"https:\/\/www.frra.at\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.frra.at\/en\/#\/schema\/person\/359c78f9f5f397c61fb9e417910d4aaa","name":"Maria Pribila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.frra.at\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5e4857bb3b7b73963b9a9d20ad1fd4b9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5e4857bb3b7b73963b9a9d20ad1fd4b9?s=96&d=mm&r=g","caption":"Maria Pribila"},"sameAs":["http:\/\/frra.at"],"url":"https:\/\/www.frra.at\/en\/author\/mpribila_t7k91254\/"}]}},"_links":{"self":[{"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/posts\/3773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/comments?post=3773"}],"version-history":[{"count":2,"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/posts\/3773\/revisions"}],"predecessor-version":[{"id":3775,"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/posts\/3773\/revisions\/3775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/media\/3091"}],"wp:attachment":[{"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/media?parent=3773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/categories?post=3773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.frra.at\/en\/wp-json\/wp\/v2\/tags?post=3773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}