Cerha Hempel has advised ODDO BHF on establishing its Austrian branch.
Austria: New Supreme Court Ruling on Operating Costs and Indexation Clauses
On 17 December 2024, in a lawsuit brought by a tenant against his landlord for repayment of operating costs and rent increases based on indexation, the Supreme Court ruled (10 Ob 54/24z) that the landlord was obliged to repay the operating costs, but confirmed the validity of the value retention clause and provided some clarification on points that had previously been controversial.
Bernhard Mueller Joins PwC Legal
Former Dorda Partner Bernhard Mueller has joined PwC Legal's affiliated Vienna office of Oehner & Partner as a Partner.
RPCK Advises Farm-ING on Conversion into FlexCo
RPCK has advised Farm-ING on its conversion from a GmbH into a flexible company.
E+H Advises Comply365 on Acquisition of ASQS
E+H, working with Willkie Farr & Gallagher, has advised Comply365 on its acquisition of Aviation Safety & Quality Solutions. Lindner Stimmler reportedly advised the shareholders of ASQS.
White & Case Advises Lenders on Cellnex Acquisition Financing
White & Case has advised the lenders on the financing for the acquisition of Cellnex's business in Austria. Binder Groesswang reportedly advised the lenders as well. Schoenherr, working with Hogan Lovells, reportedly advised the sponsors.
Brandl Talos Advises Highland Europe on Investment in SmaXtec
Brandl Talos has advised Highland Europe on its investment in SmaXtec as part of a round led by KKR. Dechert's Munich-based office advised the shareholders of SmaXtec. Gibson Dunn and Wolf Theiss reportedly advised KKR.
E+H Advises 3i Group on Investment in OMS Pruefservice
E+H, working with Willkie Farr & Gallagher, has advised 3i Group on its investment in OMS Pruefservice.
Schoenherr Advises ImWind and Bloch3 on Obtaining EIA permit
Schoenherr has advised ImWind and Bloch3 on obtaining an environmental impact assessment permit in Austria for the Rustenfeld wind farm.
Wolf Theiss Advises McWin on Partnership with ElephantSkin
Wolf Theiss, working alongside Goodwin Procter, has advised McWin Capital Partners on its partnership with Austrian scale-up ElephantSkin.
The Debrief: January, 2025
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Guest Editorial: Legal Services Market Trends in CEE
I have now spent more than 25 years in the legal advisory business world. With my core focus on cross-border M&A transactions for Austrian and international clients and having worked on many deals that also covered the Central and Eastern Europe (CEE) region, I have witnessed lawyering in CEE register remarkable growth and sophistication over the past years.
Austria: Mobile Working – New Legislation and Legal Pitfalls
In recent years, accelerated by the COVID-19 crisis, the Austrian landscape of work has shifted, with remote working becoming a staple in the modern employment environment. In Austria, this development is reflected in the so-called 2021 “Home Office Act” which formalizes fundamental aspects of labor, tax, and social security law. However, the Home Office Act applies only to work performed from home.
E+H and CMS Advise on ECOwind's Sale of Baerofen Wind Park to Puespoek
E+H has advised ECOwind on its sale of the Baerofen wind park to Puespoek following an auction process. CMS advised the buyer.
TGS Baltic and Schoenherr Advise on Bergs Timber's Sale of Vika Wood to HS Timber’s Nextwood One
TGS Baltic, working with Vinge, has advised Bergs Timber on the sale of its Latvian sawmill business Vika Wood to Nextwood One, part of the Austrian HS Timber group. Schoenherr advised HS Timber on the deal. Cobalt reportedly advised HS Timber as well.
E+H Advises Interpath on Acquisition of Kerkhoff
E+H, working with Clifford Chance, has advised Interpath Holding on the acquisition of the Kerkhoff Group including its Austrian subsidiary Kerkhoff Consulting. Poellath advised the shareholders of the Kerkhoff Group on the sale.
Schoenherr and Wolf Theiss Advise on Erste Group’s EUR 1 Billion Mortgage Pfandbriefe Issuance
Schoenherr has advised the managers involved on the Erste Group Bank’s issuance of EUR 1 billion 3% mortgage Pfandbriefe due 2032. Wolf Theiss advised the Erste Group Bank.
PHH Advises ATG Entertainment on New Musical Theater in Vienna
PHH has advised ATG Entertainment on establishing a new musical theater in Vienna together with the City of Vienna.