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Data Protection

On 25 May 2018, the Regulation (EU) No 2016/679 (hereinafter, the “EU-Regulation”] on the protection of natural persons with regard to the processing of personal data and on the free movement of such data entered into force in the EU. The EU Regulation is directly applicable in Austria. Additionally, Austria

Art 83 et seq. of the Regulation (EU) No 2016/679 (hereinafter, the “General Data Protection Regulation” or “GDPR ] provides for severe administrative fines (up to 2% of the total word wide annual turnover) in case of infringement of laws on data protection. Supplementary to the GDPR, Austrian legislation, however,