In The Corner Office, we invite Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. Our question this time: “What mistake do young associates commonly make that is most frustrating for you?”
On December 22, 2017, CEE Legal Matters reported on EUR 1.9 billion acquisition of UPC Austria from Liberty Global by T-Mobile. T-Mobile’s team was led by Vice President Legal, Regulatory & Interception Anja Tretbar-Bustorf, who spoke to us about the deal.
Wolf Theiss has advised Munich RE Group on the sale by its ERGO Group AG subsidiary of its legal protection subsidiary DAS Switzerland and the legal protection insurance portfolios of DAS Luxembourg and DAS Slovakia to the Allianz Group. Switzerland's Homburger AG and Luxembourg's Arendt & Medernach SA law firms worked alongside Wolf Theiss. White & Case and Binder Groesswang advised the Allianz Group.
Wolf Theiss provides Austrian legal advice and Linklaters provided German advice on Raiffeisen Bank International's issuance of EUR 500 million additional tier notes. Freshfields reportedly advised the Joint Lead Managers on both German and Austrian legal matters.
Wolf Theiss Austria has advised Erste Group Bank in arranging and placing two Sparkassen Immobilien bond issuances. S Immo was advised by Cerha Hempel Spiegelfeld Hlawati.
Although Romania claims the highest GDP growth rate in Europe and a low unemployment rate, all is not rosy in the seventh most populous member state of the European Union, and prominent lawyers in the country admit to profound dissatisfaction with the country’s leadership and concern about its long-term prospects.
Wolf Theiss has advised Revetas Capital Fund II and an affiliate of Cerberus Capital Management on the acquisition of an 86,000 square meter hotel complex in Bucharest. Firon Bar Nir advised the sellers.
White & Case has advised joint lead managers Commerzbank Aktiengesellschaft, Crddit Agricole Corporate and Investment Bank, Mizuho International plc, and UniCredit Bank Austria AG on the December 14, 2017, EUR 1 billion bond issuance by OMV Aktiengesellschaft — the largest bond issuance in the Austrian market in 2017. Weber & Co. advised OMV on the issuance.
Wolf Theiss has advised France's Saint-Gobain on Polish and Austrian law matters related to its acquisition of a 90% stake in the Polish company ISOROC Polska from Austrian company ISOROC Holding AG, represented by Austrian industrialist Alexander Maculan. The formal signing took place on November 24, 2017, and Wildmoser/Koch & Partner Rechtsanwalte advised the sellers.
On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie.
The Polish Government has recently presented a draft Program on Fighting Corruption for 2018 through 2019. This is another step in the ongoing effort to introduce legal mechanisms aimed at reducing corruption in Poland. The process of systematically fighting corruption started several years ago, and it has allowed Poland to move from 43rd place in the Transparency International Corruption Perceptions Index in 2010 up to 29th place in 2017. The aim of the contemplated regulations is to push Poland further up the ranking and continue its transition to a true western-style economy.
Wolf Theiss has advised German real estate investment company Art-Invest on its entrance into the Austrian market by means of its acquisition of Vienna's Millennium Tower, Austria's second highest office building, from Morgan Stanley and the Kaufmann Group. The purchase took place for a special fund which Art-Invest established on behalf of the pension fund Rheinische Versorgungskassen.