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With its National Data Protection Amendment Act 2018 (“DSG 2018”) enacted well before the May 25th 2018 deadline, Austria is considered to be one of the EU leaders regarding the implementation of the GDPR. To be precise, the DSG 2018 was implemented in May, 2017, shortly before Austria’s national elections took place. The consequence of Austria’s attempt to play a pioneering role is that the DSG 2018 was rushed, and thus, at least in some parts, extremely difficult to read – and it fails to take advantage of the majority of the permitted GDPR derogations.

Fellner Wratzfeld & Partner and the London office of Linklaters have advised the Steinhoff Group on its restructuring agreement with creditors. The London offices of Allen & Overy, Latham & Watkins, and Kirkland & Ellis advised the creditors.

Wolf Theiss has advised Raiffeisenlandesbank Oberosterreich Aktiengesellschaft on its June 12, 2018 placement of mortgage-covered bank bonds with a fixed interest rate in the amount of EUR 500 million on the international capital market. Weber Rechtsanwalte advised Joint Lead Managers DekaBank, DZ Bank, Erste Group, Raiffeisen Bank International, and UniCredit.

Patients nowadays have access to an enormous range of medical knowledge through social media, websites and health apps (in combination with wearables). The latter have become increasingly popular in recent years because of their ability to monitor in real time pulse, blood pressure, blood glucose levels and other parameters. Doctors are also intrigued by the promising opportunities of technological innovation. Digital health products that provide diagnostic and therapeutic options therefore have tremendous social and economic potential. According to market research, even though tremendous revenue is already being generated, the digital health industry is still in its infancy and innovative start-ups have many promising opportunities to grow, especially in Europe.

Wolf Theiss has advised Raiffeisen Bank International AG, Erste Bank, and Raiffeisenlandesbank Oberosterreich Aktiengesellschaft on their green bond issuance. The Joint Lead Managers, Credit Agricole Corporate and Investment Bank, DZ BANK AG Deutsche Zentral Genossenschaftsbank, Frankfurt am Main, HSBC Bank plc, ING Bank N.V., and Raiffeisen Bank International AG were advised by White & Case.

Schoenherr has advised German fund manager Union Investment Real Estate on the acquisition of two properties in Graz, the Max Tower and Styria Center. The seller of Styria Center is a consortium of three private owners, while Max Tower was purchased from businessman and former politician Harald Fischl.

The Danube is the longest river in Central Europe, and thus has significant economic potential. However, the full potential of the Danube as a major transport route has not yet been exploited. A reason for this is the fact that the Danube crosses ten countries, and there are, as a result, ten different applicable port legislations in the Danube region. Therefore, in order to create a more efficient and comprehensive transport network, the port legislation of all Danube riparian countries needs to be analysed. In this respect the necessity for a more harmonised approach to the Danube port legislation also needs to be examined. For this purpose, the DAPhNE project was establishedWhat

Brandl & Talos and Swiss law firm Niederer Kraft Frey have advised Sportradar AG and company CEO Carsten Koerl on the EUR 2.1 billion sale by private equity firm EQT and certainly minority shareholders of a stake in the company to the Canada Pension Plan Investment Board and Silicon Valley-based growth equity firm TCV. The buyers were represented by Linklaters, while EQT was represented by Freshfields.