Client guide to Austria

Author: | Published: 24 May 2005
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After the accession of its closest neighbours to the EU in May, and following reform to the country's securities regulatory framework, Austria's businesses should be well placed to attract investment. Indeed, in a release earlier this year Wiener Börse said a five-fold increase in trading activity on the national exchange was conceivable given the potential of the Austrian market. Yet legislative difficulties face both local companies and foreign investors, such as confusing competition rules that seem even to catch M&A deals between overseas parties. Meanwhile, the banking community awaits changes in key areas such as securitization, which practitioners hope will unleash the potential of this underused financing means. The articles in this client guide cover these and other developments.