ILO - Austria Commercial Property 29/07/2011

Dispute Resolution / Litigation & Arbitration

Corporate entities may claim compensation for discomfort

The Supreme Court recently handed down a decision concerning a real estate agent´s fee in connection with a cross-border sale agreement under which an Italian estate agent had facilitated the sale of an Austrian hotel to an Italian investor. The court ruled that the agent´s contract had no close connection with Austria but was instead governed by Italian substantive law. The claim was therefore dismissThe Supreme Court recently handed down a decision concerning the disruption of a tenant´s business by severe construction work carried out by the landlord. The court held for the first time that corporate entities are also entitled to claim compensation for discomfort in connection with construction work. d. 


Nikolaus

Dr. Nikolaus Pitkowitz

M.B.L.-HSG Partner
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