The new EU Trade Secrets Directive will have a significant impact on Austrian law. But does it establish a new Intellectual Property right?
Schoenherr has assisted TIWAG-Tiroler Wasserkraft AG in its implementation of the "Storage Power Station Kuhtai" project in Austria by successfully gaining the approval of Austria's Federal Administrative Court.
Schoenherr has advised PSA Peugeot Citroen SA on its acquisition of General Motors' Opel Austrian subsidiary and Opel manufacturing site in Vienna. Cleary Gottlieb Steen & Hamilton advised General Motors on the deal.
CMS has advised Austria's BECOM Group on its merger with IVP Group Germany GmbH. The Dr. Stilz Behrens & Partner firm advised IVP Group Germany on the deal.
Schoenherr has advised Swedish telecommunications group Tele2 on the sale of subsidiary Tele2 Austria to mobile company Hutchison Drei Austria GmbH for an enterprise value of EUR 95 million. Freshfields Bruckhaus Deringer advised the buyer on the transaction, which is expected to close following approval by the Austrian competition authority.
Fellner Wratzfeld & Partner has advised VBV-Pensionskasse Aktiengesellschaft on its acquisition of the inner-company pension fund of Austria's EVN AG energy company. Schoenherr advised EVN AG on the matter.
Dorda has advised a subsidiary of Reitenburg GmbH on its EUR 82 million acquisition of the A1 Telekom Austria site at Obere Donaustrasse in Vienna's second district from Frankfurt am Main-based investment company Deka Immobilien Investment GmbH. The Bock Fuchs Nonhoff law firm advised Deka on the deal.
CHSH has advised the Dentsu Aegis Network in connection with its acquisition of all shares in the second largest Austrian media agency, the media.at group. The media.at group, with its Omnimedia, Mediastrategen, und trigomedia brands, previously belonged to the A1 Telekom group, Austrian Lotteries, Austrian Post, Bawag PSK, and the Federation of Austrian Industries. The sellers were advised by Eisenberger Herzog.
Marcell Nemeth has been named Partner at Wolf Theiss in Vienna, where he works in the firm's Banking & Finance practice group.
Binder Groesswang, working in co-operation with Willkie Farr & Gallagher, has advised the Constantia Flexibles Group on the carve-out and EUR 1.15 billion sale of its labels division to the US strategist and global player Multi-Color Corporation. Freshfields Bruckhaus Deringer advised Multi-Color on the deal. The signing took place on July 16, 2017 in Frankfurt and remains subject to regulatory approvals. Closing is expected in the fourth quarter of 2017.
October 20, 2017 - Hyatt Regency Hotel, Belgrade
"Compliance work is pretty in at the moment,” says Felix Hoerlsberger, Partner at Dorda in Vienna, “especially involving the GDPR.” The regulation famously becomes applicable on May 25 of next year, but Hoerlsberger notes that in order to be compliant companies are already under pressure, as they "have to have full documentation of what processes they're performing, complete privacy impact assessments (PIAs), and potentially consult with local regulators where there are any difficulties or high-risk processing ongoing.”
Wolf Theiss and Linklaters have assisted Raiffeisen Bank International with its issuance of EUR 650 million 6.125% AT1 notes. The banking consortium of Citigroup, Bank of America Merril Lynch, BNP Paribas, and UBS Investment Bank received legal advice from Freshfields.