There are limited ways to increase control over the management board of Polish limited liability companies because it is the company's management body that is responsible for its affairs and representation.
Schoenherr, working with lead counsel Gleiss Lutz, has advised French IT service provider Atos SE on the planned acquisition of Siemens Convergence Creators GmbH for an undisclosed price. Siemens AS was represented by Hengeler Muller on the deal, which is expected to close at the end of December 2017 and is still subject to the information/consultation process with employee representative bodies and the approval of the relevant regulatory and antitrust authorities.
Schoenherr has advised Austrian Post on its acquisition of a share of In Time Spedice. CEE Attorneys advised the selling shareholder on the deal. The transaction closed in August 2017, and financial terms were not disclosed.
Schoenherr has advised BK Invest GmbH on its acquisition of atms Telefon- und Marketing Services GmbH, which also includes sms.at mobile internet services GmbH, from German company dtms GmbH. The financial terms of the transaction were not disclosed.
In a recent and widely-reported decision of significance for employers across the European Union, the Grand Chamber of the European Court of Human Rights has reversed a previous decision of the Chamber and ruled that companies can monitor their employees’ email only if the employees are notified in advance.
Schoenherr has advised the Valora Group on Austrian aspects of its acquisition of German-based food service company BackWerk from the Swedish financial investor EQT. The transaction remains subject to the approval of the German Federal Cartel Office.
Schoenherr has advised Austria's Greiner Packaging International GmbH on its acquisition of TGM1, thereby assuming ownership of all shares in Teknik Plastik Greiner Ambalaj Sanayi Ve Ticaret Anonim Sirketi, a prominent Turkish packaging and labelling company. Closing took place on August 23, 2017.
The Polish Act on Temporary Employees dated July 9, 2003 (Journal of Laws of 2003, No. 166, item 1608, as amended) has been in force since 2004. The Act contains many flaws, however, resulting in the unequal treatment of temporary employees compared to employees hired directly under employment agreements.
Schoenherr has advised real estate investment company Deka Immobilien GmbH on the acquisition of the Hoch Zwei and Plus Zwei office buildings in Vienna, from S IMMO AG, which was advised by Dorda. The purchase price was EUR 235 million and closing took place on August 31, 2017.
Karanovic & Nikolic has advised Bulgaria's River Styxx Capital investment fund on the acquisition of 85% of the shares in Telenor Banka. Moravcevic Vojnovic and Partners in cooperation with Schoenherr) advised Telenor on the transaction, which sees the Norwegian telecommunications group keeping 15% of its shares in the online bank.
Schoenherr has advised US asset manager KPS Capital Partners on its acquisition of DexKo Global's production facilities in Austria and Poland from private equity investment firm Sterling Group L.P. Harris Williams & Co. acted as special advisor to Sterling Group L.P.'s Board, and Willkie Farr & Gallagher acted as legal counsel on the acquisition, which closed on July 25, 2017. The financial terms of the transaction were not disclosed.
Zivkovic Samardzic has advised the shareholders of Tim Kolos d.o.o, the Belgrade-based facility management, construction, and installation services provider, on the sale of 55% of shares in the company to Samsic Holding dejavnost holdingov d.o.o, the Slovenian member of French Samsic Group. Moravcevic Vojnovic and Partners in cooperation with Schoenherr advised the buyers on the deal.