CMS Reich-Rohrwig Hainz is announcing that lawyers Maja Zgajnar and Dunja Jandl are joining the firm's Slovenia office as Partners. The two lawyers focus on the fields of real estate, property, litigation and banking & finance.
Austrian White Collar Crime specialist Heidemarie Paulitsch has announced the founding of her own commercial criminal law boutique, where she "represents individuals and advises companies on their internal processes and in case of governmental investigations and leads national and international compliance projects." She also teaches workshops on the topics of House Searches and Anti-Corruption Law.
Tax dodging may cost Poland over EUR 11 billion a year. It is estimated that corporate tax evasion accounts for around EUR 2 billion annually. VAT frauds alone may cause the State budget losses of EUR 9 billion every year. These numbers have encouraged the Polish government to increase efforts aimed at closing existing loopholes.
Compared to 2015 – a very busy year for Polish M&A with the value of deals growing by 79% to EUR 6.9 billion, which positively distinguished Poland from other CEE countries – 2016 has turned out to be less intense. Still, although policies of Poland’s right wing government – the Law and Justice Party, which was elected in November 2015 – may have weakened investors’ sentiment somewhat, economic data remains respectable at 132 deals (compared with 177 in 2015).
Tomas Rychly has been appointed a Judge on the Supreme Administrative Court of the Czech Republic, and the Wolf Theiss Prague Managing Partner will be leaving Wolf Theiss sometime early in 2017 to take up his new duties. In making that move, Rychly becomes the first major commercial law firm lawyer ever to serve on the Czech judiciary.
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.
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.
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.
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.
The Ukrainian and Polish offices of Wolf Theiss, working with Morgan Lewis, have advised Hong Kong-based Automated Systems Holdings Limited (ASL) in its merger with U.S.-based Grid Dynamics. The merger is expected to close in March 2017.
Former Wolf Theiss Prague Managing Partner Tomas Rychly has been formally appointed to the Supreme Administrative Court of the Czech Republic and will take his place on the bench on 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.