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On October 31, 2018, CEE Legal Matters reported that the Erste Group had issued the first loan via blockchain platform in Europe. We reached out to Erste Group's Managing Director and Head of Group Transaction Documentation Kathrin Gfall-Gapp to enquire on the first paperless issuance experience.

Read more: Deal 5: Erste Group's Managing Director Kathrin Gfall-Gapp on First Blockchain Loan Issuance

Wolf Theiss has advised Soravia on the sale of its "The Brick” building complex to Wiener Stadtische Versicherung. DSC Doralt Seist Csoklich advised the buyers on the deal, which was signed and closed on November 21, 2018.

Read more: Wolf Theiss and Doralt Seist Csoklich Advise on Sale of The Brick Complex

Austria's Central Public Prosecutor's Office for White-Collar Crime and Corruption has dropped charges against Matthias Hartmann, the former Director of Austria's Burgtheater, who was represented by Cerha Hempel Spiegelfeld Hlawati.

Read more: Austria's Public Prosecutor Drops Charges Against CHSH Client Matthias Hartmann

As in all EU member states, the EU General Data Protection Regulation (GDPR) came into effect in Austria on 25 May 2018. The centrepiece of Austria's GDPR implementing legislation was the Data Protection Amendment Act 2018 (for further details please see "Draft Data Protection Amendment Act 2018 in appraisal" and "Proposals to alter national Data Protection Act").

Read more: GDPR implementing legislation in Austria

Binder Groesswang, Noerr, and Spain's Gomez-Acebo & Pombo have advised Japan's Daikin Group on the EUR 881 million acquisition of AHT Group from the Bridgepoint private equity group. The Frankfurt office of Freshfields Bruckhaus Deringer advised the sellers on the deal.

Read more: Binder Groesswang Advises Japanese Daikin Group on Acquisition of AHT Group

Wolf Theiss has advised real estate investor and manager Westcore Europe on its acquisition of the U6 Center office and warehouse property in Vienna from Hanseatische Immobilienfonds Oesterreich IV and Germany's HCI Treuhand Geschlossener real estate fund. The sellers were advised by PKHV Rechtsanwalte.

Read more: Wolf Theiss and PKHV Advise on Sale of U6 Center in Vienna

Wolf Theiss has advised RBI and Erste Bank as joint lead managers and book runners on UBM Development AG's EUR 75 million corporate bond and as dealer managers of an exchange offer. DLA Piper advised UBM Development.

Read more: Wolf Theiss and DLA Advise on UBM Development Corporate Bond Placement

Technology and innovation are key drivers of advancement in a variety of industries, and certainly in healthcare. The level of patient care can be improved considerably with the right mix of traditional and innovative treatments and solutions. Nevertheless, there are regulatory challenges to overcome.

Read more: Austria: Healthcare Update - Mastering New Trends: Teleradiology

Christoph Moser, Partner at Weber & Co., says that Austria is not currently facing any changes that would equal the impact of the GDPR. Instead, Moser reports, the current government in Austria is focusing on implementing the measures that were promised during the run-up to the country’s 2017 elections, including regulations related to rules for employees. Among the most prominent examples of this, Moser says, is the new rule allowing 12-hour workdays that was introduced this summer. The change according to Moser, "is significant and caused political debates about whether a 12-hour work day was justified, as well as protests.

Read more: The Buzz in Austria: Interview with Weber & Co. Partner Christoph Moser

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