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Wolf Theiss has advised ALSO Holding AG on its agreement with MCI Euroventures, the majority shareholder of ABC Data S.A., to make a joint tender offer for all publicly-held shares of Warsaw Stock Exchange-listed ABC Data. Baker McKenzie advised MCI and ABC Data on the sale. 

Read more: Wolf Theiss and Baker McKenzie Advise on ALSO Holding Acquisition of ABC Data

SCWP Schindhelm has advised Startup300 AG on its listing on the Vienna Stock Exchange, making it, according to the firm, "one of the first companies from the Austrian start-up scene" to be so listed.

Read more: SCWP Schindhelm Advises Startup300 on Listing in New Market Segment of Vienna Stock Exchange

While globalization and digitalization have increased the risk of violations that affect thousands of consumers, several EU member states — including Austria — do not yet offer class action lawsuits. The EU Commission has therefore proposed a draft directive to allow representative actions for the protection of collective interests of consumers as part of its “New Deal for Consumers.”

Read more: Will Austria Soon Have Class Action Lawsuits?

Dorda and the French office of Bird & Bird (acting as local counsel) have advised Cyan AG, an IT security company listed on the Frankfurt Stock Exchange, on an international tender and on its entrance into a group license agreement with French telecommunications provider Orange S.A.

Read more: Dorda Advises Cyan AG on License Agreement with Orange

FIIA 2019 – Best Execution MasterClass & Workshop for Internal Auditors in Financial Institutions, 07 - 08 February 2019, Vienna, Austria

Read more: FIIA 2019 – Best Execution MasterClass & Workshop for Internal Auditors in Financial Institutions

Fellner Wratzfeld & Partner Rechtsanwalte is serving as legal counsel to IKEA in the Swedish furniture giant's opening of a branch "featuring a concept unique in the world" in Vienna's Westbahnhof station.

Read more: Fellner Wratzfeld Advising IKEA on Proposed Westbahnhof Store in Vienna

Eisenberger & Herzog and Reed Smith have advised Austrian start-up Greenstorm Mobility on an investment into the company from European private equity firm Bregal Milestone L.P. Shearman & Sterling and Dorda advised Bregal Milestone.

Read more: E&H, Reed Smith, Shearman & Sterling, and Dorda Advise on Investment in Greenstorm Mobility

Dorda and the Munich office of Sidley Austin have advised private equity investor Gilde Buy Out Partners on the acquisition of the majority stake in Gundlach Automotive Corporation from Dutch investment company Pon Holdings.

Read more: Dorda Advises Gilde Buy Out Partners on Acquisition of Gundlach Automotive Corporation

The most recent article in our Efficient Arbitration Series looked at how document production, when handled properly, could save time and costs in arbitration proceedings. In this article, we continue to add tools to our efficiency box by considering a new set of procedural rules that will soon become available: The Prague Rules on the Efficient Conduct of Proceedings in International Arbitration ("Prague Rules").

Read more: Austria: Efficient Arbitration - Part 5: The Prague Rules: An Inquisitorial Alternative

Binder Groesswang has advised Austrian electricity provider Verbund AG in connection with the world's first Environmental Social Governance-linked syndicated loan, the interest rate of which is not determined by reference to the financial rating but by reference to a sustainability rating established by the ESG rating agency Sustainalytics. Signing and closing of the EUR 500 million loan took place on December 10, 2018.

Read more: Binder Groesswang Advises Verbund on Placement of World's First Syndicated Loan Rated According to...

With uncertainties surrounding a "no deal" Brexit meanwhile culminating in fears of a "super hard" Brexit, financial institutions in the UK, the EU27 and beyond are eager in search of solutions that preserve continuity of contracts and that contain the numerous legal and regulatory risks for institutions on both sides of the Channel.

Read more: Don't Hedge Your Bets for Brexit – Financial Implications for Corporates

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