Nestor Nestor Diculescu Kingston Petersen, working with Luther, has advised Staffbase on its acquisition of the Romanian Dirico entity from 247Grad Labs. Schoenherr reportedly advised the sellers.
Has Coaching’s Time Come for Central European Law Firms?
Although in most respects the law firm business in Central Europe is on par with other sophisticated practices in the rest of the world, coaching is one thing that has not been as widely adopted as elsewhere. This article addresses the questions of what coaching is, what it offers lawyers and law firms, and whether it should be more widely embraced by the legal profession in Central Europe.
Controversial Article 17 in Polish Case C-401/19
Ever since the Directive on Copyright in the Digital Single Market (the "Directive") was adopted back in April 2019, its contents, especially regarding the liability of certain service providers, have sparked many controversies. According to the explanations provided by the European Council, the Directive's main goal was to protect press publication and reduce the "value gap" between the profits made by two main "entities": internet platforms and content creators. The Directive aimed to enhance collaboration between these two groups and to create copyright exceptions for text- and data-mining. However, Article 17 of the Directive proved difficult to accept within the internet sharing platform environment, as it replaces the "mere conduit" exemption from copyright infringement of online content sharing of the platform with a conditional exemption. Article 17 prohibits internet platforms from sharing and displaying unlicensed copyrighted contents on behalf of users.
Schoenherr Advises Nexi on Acquisition of Intesa Sanpaolo Merchant Acquiring Business in Croatia
Schoenherr, working with Legance, has advised Nexi on its agreement with Privredna Banka Zagreb and Intesa Sanpaolo-controlled company PBZ Card to purchase PBZ Card’s merchant acquiring business in Croatia for EUR 180 million. Reportedly, PwC Legal and KPMG Legal advised Intesa Sanpaolo.
EU: Commission Proposal to Implement the FATF Travel Rule: Speed Bumps Ahead for Crypto-asset Transfers?
On 29 June 2022, the Council and the European Parliament reached a provisional agreement on the text regarding the European Commission's proposal for a recast of Regulation (EU) 2015/847 (also referred to as the Transfer of Funds Regulation ("TFR")).
Schoenherr Advises Caverion on Acquisition of Porreal
Schoenherr has advised Caverion Oesterreich on the acquisition of Porreal and its subsidiary Alea. Beira Rechtsanwaelte reportedly advised Porr AG on the sale.
Dealmaking on Shifting Sands
Change and unpredictability, among the top keywords that could best describe the past couple of years, did little to affect the overall Romanian M&A market. Publicly available figures show that dealmaking saw a strong rebound in 2021 in terms of deal numbers. The main sectors on investors’ radar were real estate and construction, IT&C, energy (with a growing focus on renewables), manufacturing and industrials, pharmaceuticals, and healthcare.
Employment Considerations on the Romanian Gig Economy
With the fast-paced development of applications in nearly every sector of the service industry and the advent of virtual services, Romania witnessed a rise in the number of people employed in the gig economy. CEE Legal Matters sat down with DLA Piper Head of Employment Monica Georgiadis and Schoenherr Head of Employment Mara Moga-Paler in Romania to discuss the legislative framework regulating gig workers, the labor risks and challenges they face, and the ways in which these might be addressed.
Recovery and Resilience Plans in CEE: Overview and Implementation
Entering into force on February 19, 2021, the EU Recovery and Resilience Facility aimed, according to the European Commission, “to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient, and better prepared for the challenges and opportunities of the green and digital transitions.” CEE Legal Matters spoke with lawyers from Bulgaria, Greece, Hungary, Latvia, Poland, and Romania to learn what each country focused on, with its Recovery and Resilience Plan (RRP), and what difficulties lie ahead, now that these plans have been submitted to the EC.
Strike! Law Firms Compete in 5th CEELM Budapest Law Firm Bowling Challenge
On June 30, 2022, CEE Legal Matters hosted the fifth edition of the CEELM Budapest Law Firm Bowling Challenge: A competition of four-person teams from leading law firms in Hungary, with all proceeds going to the previous winner’s charity of choice. A total of 13 law firms competed for the trophy – and the bragging rights that go along with it.
Vice Mandaric and Ivan Einwalter Make Local Partner at Schoenherr
Schoenherr has announced that Croatian cooperating firm Mandaric & Einwalter's Partners Vice Mandaric and Ivan Einwalter have been appointed as Local Partners with Schoenherr’s Croatian office.
EU: How to Rescue a Design
Have you ever wondered whether you can modify a registered community design ("RCD") that is challenged by an application for declaration of invalidity by removing certain prohibited design elements to maintain the registration?
Schoenherr Advises Wienerberger on Acquisition of Vargon
Schoenherr has advised Wienerberger on its acquisition of Vargon. Buterin & Partneri reportedly advised the sellers on the deal.
MPR Partners and Schoenherr Advise on V-Ridium’s Acquisition of Solar Park from Samsung C&T
MPR Partners has advised GreenVolt subsidiaries V-Ridium Solar 45 and V-Ridium Renewables on their EUR 83 million acquisition of a photovoltaic project from the Samsung C&T Corporation. Schoenherr and, reportedly, Herbert Smith Freehills advised the seller. CMS reportedly advised a consortium of banks on financing the acquisition.
Schoenherr Advises BTV on Acquisition of STW Spleisstechnik West
Schoenherr, working with Noerr, has advised the BTV Multimedia Group on its acquisition of STW Spleisstechnik West. Solo practitioner Georg Justich reportedly advised STW.
Upcoming Tax for Already Existing Wind Power and PV Plants: Double Trouble in Burgenland?
Wind power plants and photovoltaic (PV) plants might affect the landscape. To what extent is in the eye of the beholder.
Hungary: Not Every Fairy Tale Has a Happy Ending: The Story of the Gomboc 3D Trademark Application
Once upon a time, two eminent Hungarian scientists made a mathematical breakthrough. They developed the first convex, homogeneous, mono-monostatic object, which they named the "Gomboc" after the famous Hungarian folk character. The Gomboc always returns to its single stable equilibrium point no matter how you put it down, without using any weights. The Gomboc also has one unstable equilibrium. It is possible to balance the body in this position, but the slightest disturbance makes it fall.
DTB Advises on Unconditional’s Sale to Fressnapf Group
Divjak Topic Bahtijarevic & Krka has advised Unconditional and its majority owner Edvard Varda on the sale of a stake in the company to the Fressnapf Group. Schoenherr reportedly advised the Fressnapf Group on the acquisition.