The civil liability for prospectuses is usually determined according to the law of the place where the tort was committed (lex loci delicti). In a recent decision, the Austrian Supreme Court for civil matters ruled that – for civil liability for prospectuses – the law of the marketing place shall be decisive. According to this, the place for which the prospectus was produced and where it was used, shall determine the applicable law. (4Ob112/15x)