Schoenherr is reporting that, on September 30, 2016, Michael Lagler was elected as the new Managing Partner at the firm, where he will take over from Christoph Lindinger, who has led the Central and Eastern European law firm for the past 16 years. Lagler's term will begin at the start of the firm’s next fiscal year, on February 1, 2017.
On 14 June 2016, a draft law amending the Austrian Federal Act against Unfair Competition 1984 and the Austrian Price Labelling Act was published for public consultation (the ‘Draft Law’). The Draft Law intends to introduce a ban on best price clauses (also referred to as price parity clauses or most favoured nation clauses, ‘MFNs’) in contracts between providers of booking portals (more commonly referred to as online travel agencies, ‘OTAs’) and hotel operators (in the following simply referred to as ‘hotels’).
Taylor Wessing in Vienna is reporting that Michaela Petritz-Klar, 39, former Head of the Tax Team of Schoenherr, has joined Taylor Wessing as a Partner and will head the firm’s newly-established CEE Tax Practice Group.
Schoenherr, working with the Swiss firm Bar & Karrer as lead counsel, is advising OVS S.p.A., a leading Italian clothing retailer, and Sempione Retail AG, in connection with Sempione Retail's cash tender offer for all publicly held bearer shares of Swiss company Charles Vogele Holding AG in Austria, Hungary, Slovenia, and Poland. The Swiss Homburger firm and investment bank Lazard advised Charles Vogele.
Schoenherr is reporting that it advised the shareholders of Austrian freight wagon holding company ERR Rail Rent Vermietungs GmbH (ERR) on the sale of 100% of their shares in ERR and 33.3% of their shareholding in the asset management company ERR European Rail Rent GmbH to Aves One AG ("Aves One"), a logistics equipment company. Gleiss Lutz advised the shareholders of ERR on the German law aspects of the transaction, and Huth Dietrich Hahn (in Germany) and Jakobljevich & Grave Rechtsanwalte (in Vienna) provided legal advice to Aves One.
CHSH Cerha Hempel Spiegelfeld Hlawati Rechtsanwalte has advised Austria's publicly listed OMV in connection with the sale of a 49% stake in Gas Connect Austria GmbH (GCA) to a consortium formed by the German Allianz Group and Snam, Italy’s gas infrastructure operator. Binder Groesswang — working with the Italian firm Bonelli Erede — advised Snam on the deal, with Wolf Theiss advising Allianz — which also consulted Starlinger Mayer Rechtsanwalte for the preparation of the due diligence.
CMS is reporting that, based on an amicable agreement with the majority shareholder of NV, which CMS advised, Uniqa and Raiffeisen-Holding NO-Wien have sold back their minority stakes in NV. Following the redemption of their shares, Uniqa and Raiffeisen-Holding NO-Wien are no longer shareholders of NV.
Schoenherr is reporting that on Friday, September 2, 2016, the Austrian Finance Minister gave the green light to finance a public offer by Karntner Ausgleichszahlungs-Fonds (KAF) to HETA creditors pursuant to § 2a of the Austrian Financial Market Stability Act. Wolf Theiss advised a number of international creditors, while many banks were advised on Austrian law and internationally by Linklaters.
Fellner Wratzfeld & Partners is reporting that the Austrian Supreme Court (OGH) has issued a final ruling on a long-running dispute involving the City of Vienna’s attempt to evict general leaseholder Norbert Weber from the "Copa Cagrana" stretch of bars and restaurants in the city. FWP represented the City of Vienna throughout the dispute.
While it has been possible to register one or two character domain names ("short domains") under several Top Level Domains (TLDs) for quite some time (eg for the German <.de> TLD, following the 2009 <vw.de> judgment), the Austrian registry operator nic.at has hitherto not delegated short domains under the TLD <.at> (to date the minimum length of domain names under the <.at> top level domain had been three characters).
Dentons has advised Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors, on the EUR 170 million sale of a 100% stake in the Scitec Nutrition sports nutrition producer, to Ascendis Health, a South African publicity listed health and care brands company. Ascendis Health was advised by Wolf Theiss.
Acting on behalf of the Vienna Hospital Association, Fellner Wratzfeld & Partner has organized a public private partnership model to procure the design, construction, and facility management of radiation therapy centers to be established at various locations. The investment volume amounts to approximately EUR 85 million and the estimated useful life is 25 years.