Directive 2013/11/EU of the European Parliament and of the Council of May 21, 2013, on alternative dispute resolution for consumer disputes (“Directive on Consumer ADR”) obliged Member States to bring into force the laws, regulations, and administrative provisions necessary to comply with it by July 9, 2015.
Dorda Rechtsanwalte has advised Austrian real estate investor and developer Supernova Group in its successful acquisition of four DIY retail properties in Croatia: The Garden Mall shopping center in Zagreb, two retail parks in Koprivnica and Sisak, and one property in Pozega. For the Croatian legal aspects, Dorda collaborated with Pecarevic & Relic.
Schoenherr has advised publicly traded, global sugar, starch and fruit processor Agrana Beteiligungsverwaltungs-Aktiengesellschaft as issuer on its successful rights offering of 1,420,204 new shares, combined with a secondary offering of 500,000 existing Agrana shares held by Sudzucker AG, one of Agrana's core shareholders. Joint global coordinators Berenberg, BNP Paribas, Erste Group, and Raiffeisen Bank International were advised by Clifford Chance Deutschland and Weber & Co. Rechtsanwalte, while Sudzucker was represented by Wolf Theiss.
Taylor Wessing has advised Warimpex Finanz- und Beteiligungs Aktiengesellschaft on the partial sale of its hotel portfolio to the Thai investor U City Public Company Limited. CHSH and Hogan Lovells advised U City on the transaction, which included participations in eight hotels in the Czech Republic, Poland, and Romania, two of which are partly (50%) owned by UBM Development AG.
“Clients are increasingly looking for diversity in terms of dispute resolution methods,” according to Anne-Karin Grill, Partner at Schoenherr in Vienna. Keen to learn more about this development, CEE Legal Matters spoke with Grill, Schoenherr’s Bucharest-based Partner Silvia Opris, and Natasa Lalatovic Djordjevic, Attorney at Law at Moravcevic Vojnovic i Partneri in cooperation with Schoenherr in Serbia.
Wolf Theiss has advised OBB in a tender for up to 200 freight locomotives in areas dealing with procurement and contract law. Siemens succeeded as the best bidder in the tendering procedure.
Binder Groessswang has served as lead counsel to the Belgian Puratos Group in the acquisition of 100% of Diamant Nahrungsmittel Group from the German Werhahn Group. Kinstellar and Domanski Zakrzewski Palinka worked alongside Binder Groesswang in the Czech Republic and Poland, respectively. SCWP Schindhelm reportedly advised Diamant Nahrungsmittel Group on the transaction, which was signed and closed in Vienna on February 3, 2017.
Schoenherr has advised UNIQA Insurance Group AG on a contract with IBM Oesterreich GmbH for the upgrade of UNIQA's business processes and IT infrastructure. Schoenherr describes the agreement as "one of the largest IT contracts ever to be signed in the German speaking region of Austria, Germany, and Switzerland."
Wolf Theiss has advised Erste Group Bank AG on its January 18, 2017 placement of a fixed-interest mortgage-backed Pfandbrief with a volume of EUR 750 million on the international capital market. Allen & Overy advised the participating consortium of banks.
Wolf Theiss, working alongside global counsel Paul Hastings, has provided local Austrian counsel to international real estate investor Invesco Real Estate on its sale of a portfolio of hotels to the hotel operator Pandox AB. Wolf Theiss was responsible for executing the sale of Invesco's Austrian hotels, located at Vienna International Airport and in Salzburg.
Storing and filing of emails often happens without much attention. While the employer does have a legitimate interest in information and control of the email traffic at the workplace, this can present a high degree of risk if employees are left alone with the responsibility of storing and filing emails correctly and appropriately.
Acting on behalf of the Austrian National Union of Students, CHSH has represented a Czech student and a German student in their challenge of the practice of having family allowance notionally deducted by authorities when calculating financial aid for higher education studies granted to foreign students in Austria. The practice, according to CHSH, "has frequently resulted in a significant reduction in financial aid granted to students."
Schoenherr has advised a group of investors led by Erwin Krause and Franz Kollitsch on the formation of a 50/50 joint venture with SIGNA, and on the JV's acquisition of BAI Bautrager Austria Immobilien GmbH from Immobilien Holding (a UniCredit Bank Austria company). Arnold Rechtsanwalte advised SIGNA on the deal, while Immobilien was advised by Fellner Wratzfeld & Partners. The signing of the purchase agreement took place on January 25, 2017, and the transaction is subject to competition authority approval and the satisfaction of customary closing conditions. The financial terms of the transaction were not disclosed.
Wolf Theiss has advised Tricentis, a Vienna-based company specializing in automated software testing solutions, on new financial investment into the company from Insight Venture Partners. Binder Groesswang advised Insight on the investment.