Brandl Talos has advised Kompas and Herbst Kinsky has advised Ventech on co-leading the USD 11 million Series A investment round into Prewave. Act Legal WMWP reportedly advised Prewave on the round.
Binder Groesswang Advises Linde Verlag on Setting Up Linde Digital Subsidiary
Binder Groesswang has advised Linde Verlag on the establishment of its digital subsidiary Linde Digital with the participation of Venionaire Capital.
The European Commission's Emergency Interventions in the Energy Market: Legal Basis Disputable
On 14 September 2022 the European Commission ("EC") published a proposal for a Regulation on an emergency intervention to address high energy prices ("Emergency Intervention Regulation" or "EIR"). The EIR requires EU Member states to implement three different measures: (i) Reduction in demand for electricity, (ii) Capping market revenues for the generation of electricity from inframarginal technologies (renewables, nuclear and lignite), and (iii) Collection of a monetary solidarity contribution from the fossil fuel industry. The EC says that the intervention measures can be based on Art 122 of the Treaty of the Functioning of the European Union ("TFEU") which establishes a competence for crisis intervention in the energy sector. However, it is questionable if the EC's view is going to withstand a judicial review since Art 122 TFEU has a very limited scope of application and some of the proposed intervention measures appear to go far beyond that scope.
Wolf Theiss Advises Aramis Group on Acquisition of Onlinecars
Wolf Theiss has advised the Aramis Group on its acquisition of Onlinecars.
Austria: Court Further Strengthens Participation Rights of Environmental Organisations
In its most recent decision in connection with the Fauna-Flora-Habitat Directive (the Habitats Directive), the Supreme Administrative Court (SAC) found that environmental organisations (EOs) – contrary to the principles of process prerequisites in the Austrian legal system – do not have to prove an interest in legal protection.
Schoenherr and Stanivukovic Advise on Greiner Packaging's Acquisition of Alwag from Aling-Conel
Schoenherr, in cooperation with Moravcevic Vojnovic and Partners, has advised Greiner Packaging International on its acquisition of Serbian PET flake producer Alwag from Aling-Conel and Reiwag Facility Services. The Stanivukovic law office advised majority shareholder Aling-Conel on the sale.
Wolf Theiss Hires a Partner in Poland and Promotes Partners in Austria, Poland, and Slovenia
Following the recent addition of Roxana Dudau in Romania (reported by CEE Legal Matters on September 6, 2022), Wolf Theis has announced it hired Tomasz Siembida in Poland as a Partner, and the further promotion of Austria-based Nikolaus Loudon and Venus Valentina Wong, Poland-based Konrad Kosicki, and Slovenia-based Teja Balazic Jerovsek to Partners.
BPV Huegel and Waitz Advise on Cloudflight Austria's Acquisition of Upper Austrian Mobile Agreements
BPV Huegel has advised Cloudflight Austria on its acquisition of Upper Austrian Mobile Agreements. Waitz Rechtsanwaelte advised the seller Harald Weinberger on the deal.
Schoenherr Advises Nord Holding on Acquisition of Heizkurier Group
Schoenherr, working with Noerr, has advised Nord Holding on the acquisition of a majority stake in the Heizkurier Group from Odewald KMU. Heuking and Ebner Stolz reportedly advised the sellers on the deal.
The Latest News on Hydrogen in Austria and the EU
As early as November 2018, the Austrian government announced that it planned to develop a hydrogen strategy. But the Austrian energy sector had been left waiting ever since the formal kick-off in March 2019. In the meantime, the EU and several member states presented their hydrogen strategies. Finally, on June 2, 2022, the Austrian government revealed its own plan of action.
W&I Insurance On The Rise in CEE: An Interview with Gergely Juhasz of RFB Consulting
Last year has been a busy time in terms of warranty & indemnity insurance for the CEE market, according to W&I Insurance Broker and Advisor and former M&A lawyer Gergely Juhasz.
Christoph Lejsek and Florian Sagmeister Make Partner at E+H
E+H has announced that Christoph Lejsek and Florian Sagmeister have been promoted to Partner on July 1, 2022.
Wolf Theiss, Clifford Chance and Freshfields Advise on Raiffeisen Bank Romania's Senior Non-Preferred Sustainability Notes Issue
Wolf Theiss, working with Freshfields Bruckhaus Deringer, has advised Raiffeisen Bank S.A. on its issue of RON 500,850,000 Senior Non-Preferred Eligible Sustainability Notes. Clifford Chance advised the joint lead managers.
Schoenherr and Brandl Talos Advise on Ancla Logistik’s Merger with Logsta
Schoenherr, working with WSS Redpoint, has advised Ancla Logistik on its merger with Logsta and the simultaneous conversion of existing revenue-based venture debt provided by Round2 Capital to Logsta. Brandl Talos, working with Ypog advised Logsta. Herbst Kinsky reportedly advised Round2 Capital.
BPV Huegel Advises Weilburg Family Office on Launching Private Equity Module
BPV Huegel has advised investment manager Weilburg Family Office on its launch of a private equity module.
Austria Staying the Course: A Buzz Interview with Herbert Hildenbrandt of BMA Law & Tax
A strong flow of legislative updates, a number of active business sectors, and the upcoming presidential election in the fall – this is what’s in the cards for Austria, according to BMA Law & Tax Attorney at Law Herbert Hildenbrandt.
E+H Advises IFM GIF on Increasing Stake in Vienna Airport
E+H has advised IFM Global Infrastructure Fund's indirect subsidiary Airports Group Europe on a partial voluntary public offer to increase its stake in Flughafen Wien Aktiengesellschaft to over 40%.
Schoenherr Advises Kontron on Sale of Divisions Within IT Services Business for EUR 400 Million
Schoenherr, working with Pinsent Masons and Wenger Vieli, has advised Kontron on selling parts of Kontron Group’s IT services business to Vinci Energies during a competitive auction process, for approximately EUR 400 million. Reportedly, Baker McKenzie’s German office advised Vinci Energies. Loloci & Associates advised Kontron on Albanian matters.