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31 New Articles

If anyone needed a wakeup call as to how critical a functioning compliance system and culture is, look no further than the recent reports in the Austrian media about allegations of fraud launched against a surgeon working at one of Vienna's most renowned public-sector hospitals. Accusations surfaced in July that the surgeon had falsified operating room records: claiming to be in surgery at the respective hospital, while actually performing surgery in another, privately-held hospital.

BPV Huegel has advised Immofinanz on the acquisition of a 29.14% stake in S IMMO AG for approximately EUR 390 million from companies of the RPR group (approximately 14.6 million shares), represented by Eisenberger & Herzog, and the SIGNA group (approximately 4.9 million shares) reportedly represented by Arnold.

Baker McKenzie has advised Austrian certification expert Intact GmbH on its August 30, 2018 sale of a majority stake in the company to German investment company IMCap Partners. The buyer was represented by Hogan Lovells' Dusseldorf office.

Wolf Theiss has advised Raiffeisenlandesbank Vorarlberg on its first issue of a EUR 500 million bond. The bond has a tenor of 7 years and a coupon of 0.500 percent per annum. The banking consortium responsible for placing the bond on the international capital market, was represented by Weber & Co.

Schoenherr has advised Aves One AG on its EUR 155 million senior facility refinancing in the form of a new facility agreement with significantly improved commercial terms arranged by a consortium of German banks. The lenders were advised by Freshfields Bruckhaus Deringer in Vienna and Frankfurt.