On October 29, 2018, leading Austrian law firms Dorda, Eisenberger & Herzog, Herbst Kinsky, PHH, Schoenherr, SCWP Schindhelm, and Wolf Theiss announced their joint launch of the “Legal Tech Hub Vienna”: a non-profit forum for LegalTech companies, start-ups, and other legal market participants to identify innovation potential and work together to implement technological tools appearing ever-more-rapidly on the legal market.
Cerha Hempel Spiegelfeld Hlawati and Law Office Leskovec have advised CA Immo on the sale of the Austria Trend Hotel in Ljubljana to a joint-venture of Slovenian asset manager KD Skladi and German real estate investment manager Peakside Capital. Selih & Partners advised the joint venture on the acquisition.
Neighbours and communities don't like it, but apartment owners love it, because they can multiply their income. Short-term rental to tourists or businesspeople who stay for just a few weeks is very controversial. Both courts as well as the legislative bodies of the Austrian provinces have found ways to restrict it.
CHSH Cerha Hempel Spiegelfeld Hlawati and Cleary Gottlieb Steen & Hamilton have advised OMV on the acquisition of a 15% share in Abu Dhabi Oil Refining Company and a 15% share in a to-be-established trading joint venture involving the Abu Dhabi National Oil Company. Ashurst reportedly advised ADNOC and ADNOC on the deal.
Weber & Co. acted as underwriter's and managers' counsel to the managers Erste Group Bank AG (Sole Global Coordinator) and goetzpartners securities Ltd (Co-Lead Manager) on Marinomed Biotech AG's upcoming February 1, 2019 debut on the Vienna Stock Exchange — the first successful IPO in Austria since BAWAG's in 2017. Herbst Kinsky Rechtsanwalte advised Marinomed, with Clifford Chance Frankfurt advising the company on US law aspects of the IPO. The shares are expected to be listed on the Official Market (prime market segment).