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Paragraph 283 of the UGB, entitled ‘Periodic penalties’, as amended by the Budgetbegleitgesetz (Law accompanying the budget) 2011 (BGBl. I, 111/2010; ‘the BBG’), provides as follows: ‘1. Notwithstanding the general rules of commercial law, the members of the management board or liquidators must, within the periods prescribed, comply with Paragraphs … 277 to 280 of the UGB, the members of the supervisory board must comply with Paragraph 270 and, in the case of a national branch of a foreign company with share capital, the persons authorised to represent it must comply with Paragraph 280a of the UGB, failing which the court shall impose on them a periodic penalty of between EUR 700 and EUR 3 600. The periodic penalty shall be imposed once the period for disclosure has expired and must be re-imposed for every two-month period thereafter until the abovementioned bodies have fulfilled their obligations. 2. If the disclosure referred to in Paragraph [283(1)] has not been carried out before the last day of the prescribed period, and the accounting documents have not been received by the court before the day preceding the adoption of the order imposing the periodic penalty, a periodic penalty of EUR 700 must be imposed, by means of an order, without the need for any preliminary procedure. That penalty shall not be imposed where an unforeseeable and unavoidable event clearly prevented the body referred to in Paragraph [283(1)] from making the disclosure in a timely manner. In that case, and to the extent that the disclosure has still not been carried out, the order shall be suspended for a period of four weeks subsequent to the date on which the obstacle to disclosure ceases to exist. Orders imposing a periodic penalty shall be notified in the same manner as applications. The body concerned shall have 14 days to submit an objection to the order, which, otherwise, shall become final. The objection must state the reasons justifying the failure to fulfil the obligations referred to in Paragraph [283(1)]. Restitutio in integrum may be granted in the event of the expiry of the period in which the order may be challenged … If the objection is out of time or states no reasons, it must be rejected by a decision. 3. The submission in due time of a reasoned objection to the order imposing the periodic penalty shall render the order inoperative. The imposition of a periodic penalty shall be determined under an ordinary procedure, by means of a decision. If it is not necessary to close the procedure, a periodic penalty of between EUR 700 and EUR 3 600 may be imposed without prior notice. The body concerned shall have the opportunity to appeal against the imposition of the periodic penalty under the ordinary procedure ... 4. If disclosure has still not been made within two months following the expiry of the last day of the prescribed period, a further periodic penalty of EUR 700 shall be imposed. If the failure to comply with the disclosure requirement persists, the order shall be repeated in respect of each subsequent two-month period; if an objection is raised against that order, the decision imposing the periodic penalty must be published. … 6. The periodic penalties must also be enforced where the persons on whom they are imposed have fulfilled their obligation or the fulfilment of that obligation has become impossible. 7. The obligations incumbent on the statutory representatives pursuant to Paragraphs … 277 and 280a shall apply also to the company. If a company fails to comply with those obligations through its bodies, the company itself must be concurrently ordered to pay the periodic penalty by analogy with Paragraphs 1 to 6.’