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Maria Sol Martínez Head of Legal & ComplianceHSBC Bank Paraguay
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Wolfgang SiehFiebinger Polak Leon & PartnerVienna
Since entering into force, the Act on Limited Liability Companies has been modified numerous times. One of the most recent developments is the draft Company Law Amendment Act 2013 (GesRÄG 2013) with its major change to the share capital threshold, which will be reduced to €10,000. This amendment is aimed at reducing the costs of company formation and at encouraging new start-ups in Austria.
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