Schoenherr has promoted Austrian restructuring law expert Miriam Simsa to Contract Partner, effective as of February 1, 2017.
Dorda Brugger Jordis has advised the Czech SAZKA Group in increasing its indirect stake in Casinos Austria AG to 34% by its acquisition of the shares of UNIQA Beteiligungs-Holding GmbH and Leipnik-Lundenburger Invest Beteiligungs AG in Medial Beteiligungs GmbH. The transaction is subject to Austrian antimonopoly and international gaming approvals and will be completed as soon as such approvals are obtained. UNIQA was advised by Schoenherr on the deal, and LLI was advised by Wolf Theiss.
Schoenherr has led Kosovar mobile operator Dardafon.net LLC ("Z-Mobile") to victory in its dispute against state-owned Telecom Kosovo ("PTK") in Kosovo's largest commercial arbitration to date.
In our new Marketing Marketing feature, introduced in this issue, we ask our law firm marketing and business development friends across CEE to share their experience and perspectives on their profession. The premier question is a simple one: If you had three more hours in the day at work, what one part of your job would you prioritize in that extra time?
Greenberg Traurig, has advised Rentokil Initial plc on its joint venture agreement with Haniel & Cie. Holding Company, resulting in a unified provider of workwear and hygiene services in Europe with combined revenues of approximately EUR 1.1 billion. The Dusseldorf-based Glade Michel Wirtz law firm provided counsel to Haniel.
RTPR Allen & Overy has advised Raiffeisen Bank and Wood & Company Financial Services as managers on Medlife’s IPO, the biggest private IPO in Romania. Medlife was advised by Schoenherr. Allen & Overy reports that this is the largest private IPO in the history of the Bucharest Stock Exchange.
Schoenherr has advised Redside Investicni Spolecnost, a.s. ("Redside"), the manager of the real estate open-ended investment fund NOVA Real Estate, on its acquisition of the Panorama Business Center building from Dutch closed private investment fund Mint Fund 8 B.V. The closing took place on December 1, 2016.
Schoenherr has advised ContourGlobal erneuerbare Energie Europa GmbH ("ContourGlobal"), a subsidiary of the US entity ContourGlobal L.P., on the sale of its solar energy business in the Czech Republic to China Central and Eastern Europe Investment Co-operation Fund SCS SICAV-SIF (the "China-CEE Fund") via CEE Equity Partners Ltd. Dentons advised CEE Equity Partners on the deal.
PeliFilip has announced that former Schoenherr lawyer Catalin Suliman has joined the Romanian firm as Partner and coordinator of the Competition Law practice.
Schoenherr has advised the UNIQA Insurance Group AG ("UNIQA") on the EUR 295 million sale of its Italian insurance company UNIQA Assicurazioni SpA ("UNIQA Assicurazioni") to the Italian mutual insurance company Societa Reale Mutua di Assicurazioni.
Schoenherr has advised Kansai Paint Co Ltd., from Osaka, on the acquisition of the Helios Coatings Group from Ring International Holding AG ("RIH"), GSO Capital Opportunities Fund II (Luxembourg) S.a r.l., and Templeton Strategic Emerging Markets Fund IV, LDC. The sellers were advised by Brandl & Talos.
Schoenherr Slovenia Partner Eva Skufca says Slovenia currently has two major issues on its Competition agenda.
Schoenherr has promoted employment law expert Stefan Kuhteubl to Equity Partner, effective as of February 1, 2017.
Schoenherr, working with Kirkland & Ellis, has advised EQT VI Limited on the sale of Automic Software GmbH to NASDAQ-listed CA Technologies Inc. at an enterprise valuation of EUR 600 million. Freshfields advised CA Technologies on the transaction, which remains subject to customary anti-trust clearance. The transaction is expected to close in the first quarter of 2017.
Schoenherr, working with Italy's Legalitax firm, has advised Tecnopool S.p.A. on the acquisition of a 100% stake in Gopek d.d., the Slovenian holding company of the Gostol Group. The transaction, which entailed a block sale of shares held by over 100 (former) shareholders of Gopek, was signed and closed simultaneously on November 25, 2016 in Ljubljana. The parties agreed to keep the purchase price confidential.
Schoenherr has advised Immofinanz AG on the expansion of its STOP SHOP retail park portfolio in Slovakia through the acquisition of six shopping centers from the Austrian WM Group, which was represented by CHSH in Austria and by bpv Braun Partners in Slovakia. The financial terms of the transaction were not disclosed. The framework purchase agreement was signed on October 28, 2016, with closing of the transaction expected in the first quarter of 2017.
Amendments to the Hungarian Labor Code entered into force in June 2016. The amendments were approved as part of the Act on the State Budget 2017 and are rather technical, mostly involving provisions that ensure compliance with recently amended European legislation. In this article, we briefly summarize the most important amendments to the Labor Code.