News


Confirmation of the decision of the Vienna Higher Regional Court in the BUWOG action against the Republic of Austria and the Province of Carinthia that CA Immo’s claims are not time-barred

In line with CA Immo’s expectations, the Austrian Supreme Court has confirmed the legal opinion of the Vienna Higher Regional Court that the claims for damages asserted by the company in the BUWOG case (partial claim with a value in dispute of EUR 1 million) are not time-barred. The appeals lodged by the Republic of Austria and the Province of Carinthia against the decision of the Vienna Higher Regional Court were therefore dismissed due to the absence of a significant legal issue. This decision resolves the legal issue of the limitation period regarding the partial claim with final effect in favor of CA Immo. The proceedings now continue in the first instance, where a decision, with outcome uncertain, is to be made on the merits and amount of the claim for damages asserted.