Herbst Kinsky has advised Byrd Technologies on its EUR 50 million Series C financing round led by Cambridge Capital and including Elevator Ventures, Mouro Capital, and Speedinvest.
Binder Groesswang has advised Cryoshelter GmbH on the entry of Hexagon Composites ASA into its liquid natural gas business segment and the entry of Hexagon Purus ASA into its liquid hydrogen business segment via a minority shareholding with an option for acquiring all shares. SCWP Schindhelm advised Hexagon on the deal.
The pioneering Austrian legislator is breaking new ground in the area of crypto taxation. Income from cryptocurrencies will no longer be taxed progressively, at up to 55% for individuals, but at a flat rate of 27.5% withholding tax. With these rules, the Austrian legislator has brought clarity to the taxation of crypto assets for the first time and has responded to the increased practical relevance of cryptocurrencies and the need to tax them in line with securities. The previous taxation of crypto assets was mainly based on non-binding information from the homepage of the Austrian Ministry of Finance.