5 October 2023
Company Due Diligence in Austria
Our lawyers in Austria explain the use and importance of the due diligence process for companies before a merger or acquisition.
Company due diligence is used in Austria in the case of corporate mergers and acquisitions. It is a verification made by the acquiring company with respect to the financial situation of the other legal entity. The due diligence can be carried out simply by looking up the available public information about that company or with the help of a lawyer in Austria who can give you more in-depth information.
The team of experts at our law firm in Austria can help you if you are interested in knowing more about an Austrian company.
Information about Austrian companies
Companies in Austria are required to disclose a set of information to the public. This data is recorded and kept with the Company Register and included the basic corporate documents, the annual accounts, and the auditor reports. These documents can be accessed online through the official company register database or at the regional courts that keep the register. One of our attorneys in Austria can help you in these cases related to commercial matters.
The company register does not include information on the assets owned by the company; information on the real estate properties, patents and trademarks registered in the country is kept in the Land Register (Grundbuch) and the registers of the Austrian Patent Office.
This information is more easily accessible for private limited liability companies. In case of stock corporations, shareholders are generally not entered in the company register (except a sole shareholder), but beneficial owners are recorded in the Beneficial Owners Register (WiEReG) and listed companies must disclose major holdings.
The public domain information available about a company in Austria provides for a minimum image of that company’s financial situation. Investors who need more in-depth details about a certain corporation can talk to one of our lawyers in Austria.
The due diligence review
The due diligence review performed by an expert will include an extensive analysis of the public information available for that company but also detailed about its legal situation, apart from its financial review.
Company due diligence in Austria can be performed by our team of lawyers in Austria for those investors who need a specialized report before purchasing a company or before entering into a company merger agreement.
You can contact our law firm in Austria for detailed information about our services for investors.