Schoenherr, working alongside global lead counsel Ashurst, has advised Deutsche Private Equity Management III on its acquisition of leaflet printing business Euro-Druckservice from a consortium of three company shareholders. Clifford Chance advised EDS's shareholders on the sale. Financial details of the transaction were not disclosed.
Wolf Theiss has advised France's Saint-Gobain on Polish and Austrian law matters related to its acquisition of a 90% stake in the Polish company ISOROC Polska from Austrian company ISOROC Holding AG, represented by Austrian industrialist Alexander Maculan. The formal signing took place on November 24, 2017, and Wildmoser/Koch & Partner Rechtsanwalte advised the sellers.
The US Foreign Corrupt Practices Act (FCPA) was introduced to fight corruption on an international level. Corporations of all nationalities which are established under US law or traded on a US stock market are embraced by this act, as are all individuals who commit relevant acts on the territory of the US.
CMS Austria Managing Partner Peter Huber is asked what’s happening in Austria. "What’s happening?”, he asks, rhetorically. "I guess we’re seeing a good level of activity, with some sale transactions in the pipeline — and some nearing completion — so there is a reasonable level of inbound interest from Western Europe, and from Asia — Chinese buyers are active, or at least looking, particularly in the technology space. It may not have translated into many deals yet, but yes indeed, there is interest from China.” Huber, who tends towards understatement, describes it as "a fairly lovely situation."
Wolf Theiss has advised German real estate investment company Art-Invest on its entrance into the Austrian market by means of its acquisition of Vienna's Millennium Tower, Austria's second highest office building, from Morgan Stanley and the Kaufmann Group. The purchase took place for a special fund which Art-Invest established on behalf of the pension fund Rheinische Versorgungskassen.
Wolf Theiss has advised Viennese start-up KIVU Technologies, which specializes in anti-terrorism software, on company structure and financing matters.
Former Baker McKenzie Partner Stefan Riegler is moving to Wolf Theiss, where he will lead the firm's arbitration group in Vienna.
Dorda has secured a court victory for German automotive group Volkswagen in six proceedings before the Austrian Supreme Court, successfully arguing in all six proceedings that Austria has no international jurisdiction for investor claims. The Austrian Supreme Court dismissed the claims of Austrian shareholders in final judgment.
Schoenherr has advised Dutch capital investment firm Endeit Capital as lead investor in a EUR 9 million Series B financing round for Austrian tour booking platform TourRadar. Herbst Kinsky advised TourRadar on the matter.
DLA Piper has advised UBM Development AG on the placement of a EUR 150 million corporate bond. Raiffeisenbank International and Quirin Privatbank were the joint lead managers and bookrunners in the transaction.
CMS Vienna has advised Niederosterreichisches Pressehaus Druck- und Verlagsges.m.b.H., Lower Austria's largest media corporation, on the reorganization of its corporate structures.
Dorda has served as Austrian counsel to US-based Idera, Inc., the parent company of global B2B software productivity brands, on its acquisition of Austria's Ranorex GmbH, a software development company focusing on test automation software. Ranorex will become part of Idera, Inc.’s Test Management Tools business, thus expanding a division which has world-wide customers. The United States' Horzepa Spiegel & Associates PC law firm was global counsel to Idera, and Pinsent Masons acted as German counsel. Ranorex was advised by Rautner Attorneys. The purchase price was not disclosed.
The Parties’ Positions
In state court proceedings, Claimant requested indemnity pursuant to Section 24 of the Austrian Commercial Agents Act, basing the Austrian court’s jurisdiction on Section 99 of the Law on Court Jurisdiction, pursuant to which a person who does not have a forum generale in Austria may nevertheless be sued in Austrian courts if he or she has assets within the district of an Austrian court. Claimant argued that Respondent had assets in Austria as it had an outstanding claim against it.
Wolf Theiss has assisted Catella Residential Investment Management GmbH with its acquisition of a student apartment building by way of a forward purchase from Germany's real estate development company GBI AG.