0257 Governance and Legal Environment
Univ.Prof. Dr. Erich Vranes, LL.M., Univ.Prof. Mag.Dr Martin Winner
Please contact, if you have questions regarding the first part of the course (classes 1-6 and intermediate exam). Please contact, if you have questions regarding the second part of the course (classes 7-12 and final exam).
  • LV-Typ
  • Semesterstunden
  • Unterrichtssprache
02.12.2019 bis 04.12.2019
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Bachelor
Wochentag Datum Uhrzeit Raum
Donnerstag 05.12.2019 16:30 - 18:30 TC.0.10 Audimax
Dienstag 10.12.2019 16:30 - 18:30 TC.0.10 Audimax
Donnerstag 12.12.2019 16:30 - 18:30 TC.0.10 Audimax
Dienstag 17.12.2019 16:30 - 18:30 TC.0.10 Audimax
Donnerstag 19.12.2019 16:30 - 18:30 TC.0.10 Audimax
Dienstag 07.01.2020 16:30 - 18:30 TC.0.10 Audimax
Mittwoch 08.01.2020 09:00 - 11:00 TC.0.10 Audimax
Donnerstag 09.01.2020 16:30 - 18:30 TC.0.10 Audimax
Dienstag 14.01.2020 16:30 - 18:30 TC.0.10 Audimax
Donnerstag 16.01.2020 16:30 - 18:30 TC.0.10 Audimax
Dienstag 21.01.2020 16:30 - 18:30 TC.0.10 Audimax
Mittwoch 22.01.2020 16:30 - 18:30 TC.0.10 Audimax
Donnerstag 23.01.2020 16:30 - 18:30 TC.0.10 Audimax
Donnerstag 30.01.2020 08:00 - 10:00 TC.0.10 Audimax
Montag 09.03.2020 18:30 - 21:00 TC.1.02

Inhalte der LV

The purpose of this course is to introduce students early on to those key aspects of the legal Framework that will be most relevant for their studies in business and economics.
This will include how to organize the legal structure of a business (e.g. choice of legal form) and its governance system (e.g. legal decision making power, legal responsibiolities). Additionally, the legal context of financing a business will be explained (debt vs equity financing, capital markets).
Further, students will be made familiar with the legal framework of international business activities, e.g. how to gain access to foreign markets through economic freedom (as established by the European Union and international agreements) or how to obtain legal protection against violations of economic fundamental rights.      
All contents will be primarily based on relevant European and international legal standards and concepts of, where useful, on a comparison of national legal systems. 

Topics covered:

  • Company Law - Basic Concepts
  • Limited Liability and Creditors
  • Management of Companies
  • Membership in Companies
  • Mergers & Acquisitions
  • Constitutional Law and Business Law
  • Developments, Legal Foundations and Dynamics of European Integration
  • The EU Internal Market
  • Fundamental Rights - General Issues
  • Selected Fundamental Rights
  • Globalization and International Law

Lernergebnisse (Learning Outcomes)

Upon completion of this course, students will be able to:

  • understand basic company law issues concerning the treatment of creditors, managing the business and membership in the company.
  • understand the different methods of financing a business and legal instruments by which to achieve external growth.
  • understand the process of European integration and to autonomously assess current and future developments.
  • understand current and future developments in globalization.

Regelung zur Anwesenheit

While students may miss up to six entire classes, successful passing of the course is not possible in case of absence going beyond that. Students who miss the first class without prior notification to the course convenors will be deregistered from the course without further ado.


This course combines the approach of a traditional lecture with interactive elements such as case studies, aiming at a thorough comprehension of the topics of the course relevant for the exams and practice.

Leistung(en) für eine Beurteilung

Assessment is based on two exams: an intermediate exam (8 January 2020) covering the contents of the first half of the course (50 %) and a final exam (30 January 2020) covering the contents of the second half of the course (50 %). The exams may consist of multiple-choice as well as open questions.

To pass the course successfully you need to obtain 50 % in total.

Grading Scheme:       

  • Very Good: ≥ 87,50%
  • Good: ≥ 75%
  • Satisfactory: ≥ 62,50%
  • Adequate: ≥ 50%
  • Unsatisfactory: < 50%


1 Autor/in: Grabenwarter, Vranes, Winner

Governance and Legal Environment

Verlag: Facultas
Auflage: 1st
Jahr: 2018
Prüfungsstoff: Ja
Empfehlung: Unbedingt notwendige Studienliteratur für alle Studierenden
Art: Buch

Collection of legal texts for classes 7-11. Will be made available on the learning platform. You may print the legal texts and bring them to class.

Prüfungsstoff: Ja
3 Autor/in: Armour, Enriques et al.

The Anatomy of Corporate Law: A Comparative and Functional Approach 

Verlag: Oxford University Press
Auflage: 3rd
Jahr: 2017
4 Autor/in: Davies

Introduction to Company Law 

Verlag: Oxford University Press
Auflage: 2nd
Jahr: 2010
5 Autor/in: Klabbers

International Law

Auflage: 2nd
Jahr: 2017
6 Autor/in: Snell

The internal market and the philosophies of market integration, in: Barnard/Peers (eds.), European Union Law

Auflage: 2nd
Anmerkungen: Page 310
Jahr: 2017
7 Autor/in: Stelzer

An Introduction to Austrian Constitutional Law 

Auflage: 3rd
Jahr: 2014
8 Autor/in: Vranes

The Dynamics of European Integration: A Legal Perspective, in: Badinger/Nitsch (eds.), Handbook of the Economics of European Integration

Anmerkungen: Page 478. Will be available on the learning platform.
Jahr: 2015

Erreichbarkeit des/der Vortragenden

Students who have questions should personally address the convenors of the course at the end of the respective unit, if possible (as regards other queries, on the first part (class 1-6 and intermediate exam):; on the second part (class 7-12 and final exam):

Zuletzt bearbeitet: 14.01.2020