Wed, Apr
18 New Articles

WMWP Act Legal has advised aws Gruenderfonds in the course of Series A financing for Adverity — an Austrian company that specializes in integration and analysis of marketing data. Mangrove Capital Partners, which was involved as a lead investor, was advised by Herbst Kinsky. Freimuller Obereder Pilz served as legal consultant to Adverity in the deal.

The European Commission has just published its comprehensive proposal for the so-called "New Deal for Consumers", which aims to strengthen EU consumer rights and enforcement. This includes the proposal for a new Directive enabling certain qualified entities to seek redress on behalf of consumers who have been harmed by an unlawful commercial practice.

One might be surprised to read that data protection rules might also impact the competitive assessment of a concentration within merger control proceedings. Nonetheless, the clash of these two universes can be increasingly seen with respect to mergers pertaining to the digital sector.

Dorda has advised the shareholders of the ZKW Group on the EUR 1.1 billion sale of the company to South Korea's LG Corporation and LG Electronics. LG was advised by Freshfields and Lee & Ko. 

As of April 2018, California will allow fully autonomous cars to be tested without safety drivers on public roads. One interesting question in this context is whom to blame for damages caused by artificial intelligence or machine learning systems? We took a look at this under Austrian law:

Dorda worked alongside lead counsel Latham & Watkins in advising Swiss private equity investor Capvis on its acquisition of a majority stake in the Amann Girrbach-Group. Baker McKenzie advised the seller, investment company TA Associates. Financial details were not disclosed, and closing remains subject to merger clearance.

Reading newspapers in Austria these days one could get the impression that we are in the middle of a financial crisis. Each week another Austrian company seems to be in financial difficulties – or worse – filing for insolvency. But when taking a closer look at the individual insolvency proceedings, things are not as bleak as they seem.