Approximately two and a half years ago, online gambling providers started being sued by their customers, in various courts in Austria and Germany, demanding reimbursement for their losses by arguing that these services are offered illegally. This article will highlight some of the main issues surrounding these claims.
CMS Advises ABB on Acquisition of ASKI Energy
CMS has advised Swedish-Swiss technology group ABB on its acquisition of Austrian energy optimization company ASKI Energy.
Herbst Kinsky Advises Uniqa on Syndicate Agreement with Haselsteiner Group and Mandatory Tender Offer for Strabag Shares
Herbst Kinsky has advised the Uniqa Insurance Group on a syndicate agreement with Raiffeisen Holding Lower Austria-Vienna, Haselsteiner Privatstiftung, and Hans-Peter and Klemens Haselsteiner for maintaining the existing controlling interest in Strabag.
KWR and WMWP Advise on Myneva's Acquisition of Mocca Software
Karasek Wietrzyk Rechtsanwaelte has advised the Myneva Group on the acquisition of Mocca Software. Act Legal WMWP advised the sellers on the deal.
Austria: The (new) Copyright Contract Law
The Amendment of the Austrian Copyright Act fundamentally revised the Copyright contract law. An entire series of new provisions for the protection of authors was implemented. But what does this mean for (future) license holders? Let us take a look!
Cerha Hempel Advises Heldyn on Launch and Financing Round
Cerha Hempel has advised healthcare platform Heldyn on its launch and its first financing round which included AS2K and C-Quadrat founder Alexander Schuetz.
Cerha Hempel and Graf Patsch Taucher Advise on Borealis' Acquisition of Bierwirth & Kluth
Cerha Hempel, working alongside Osborne Clarke and Netherlands-based BarentsKrans, has advised the Borealis Hotel Group on its acquisition of the Bierwirth & Kluth group of companies' hotel portfolio. Hogan Lovells and Graf Patsch Taucher advised B&K.
E+H Announces New Managing Partners and Management Board
E+H has announced a new management board, consisting of Partners Peter Winkler, Dieter Thalhammer, Alric Ofenheimer, Marco Steiner, and Jana Eichmeyer, with Thalhammer and Ofenheimer taking over operational management and serving as Managing Partners.
E+H Advises Leonardo on Acquisition and Restructuring of Star Inn
E+H has advised Leonardo Hotels Central Europe on the acquisition and restructuring of a hotel portfolio from the Austrian Star Inn Group. Reportedly, Puschner Spernbauer Rosenauer advised the former shareholders while Jaufer advised the target company.
RPCK and Schoenherr Advise on Tierglueck's Sale of Klosterneuburg Store to Fressnapf Handels
RPCK Rastegar Panchal has advised Tierglueck on the sale of its Zoo & Co store in Klosterneuburg to Fressnapf Handels. Schoenherr advised Fressnapf on the acquisition.
E+H Advises Materna on Radar Cyber Security Acquisition
E+H has advised Materna Information & Communications on its acquisition of Radar Cyber Security. Dorda and Binder Groesswang reportedly advised the sellers.
Freshfields, Rymarz Zdort, and Filip & Company Advise on One Equity Partners’ Acquisition of Muehlhan Business
Freshfields Bruckhaus Deringer, Rymarz Zdort, and Filip & Company have advised One Equity Partners on its acquisition of Muehlhan’s European and US businesses. Reportedly, Eversheds Sutherland member firm Tsvetkova, Bebov & Partners advised the buyer in Bulgaria, while Bech-Bruun, Georgiades & Pelides, and CLP advised the buyer in Denmark, Cyprus, and Norway.
RPCK and Schoenherr Advise on YodelTalk's Sale to Sendinblue
RPCK Rastegar Panchal has advised YodelTalk Limited and its founders on the sale of the company to Sendinblue. Schoenherr and, reportedly, Paul Hastings advised Sendinblue on the acquisition.
Schoenherr Advises Managers on EUR 750 Million Issuance by Erste Group
Schoenherr has advised the managers on the EUR 750 million issuance of 2.5% mortgage pfandbriefe due 2030 by the Erste Group Bank. Wolf Theiss reportedly advised Erste.
Austria All Fired Up: A Buzz Interview with Phillip Dubsky of Herbst Kinsky
The Austrian market seems very busy, largely in terms of investment rounds and consolidations in the past couple of months, with crypto and blockchain technology companies coming under pressure, according to Herbst Kinsky Partner Phillip Dubsky.
Herbst Kinsky Advises Foex Shareholders on Exit to Oracle
Herbst Kinsky, working with Burghardt Schumann, has advised Foex's shareholders on their exit to an Oracle subsidiary.
Brandl Talos and Herbst Kinsky Advise on Kompas and Ventech Series A Investment in Prewave
Brandl Talos has advised Kompas and Herbst Kinsky has advised Ventech on co-leading the USD 11 million Series A investment round into Prewave. Act Legal WMWP reportedly advised Prewave on the round.
Binder Groesswang Advises Linde Verlag on Setting Up Linde Digital Subsidiary
Binder Groesswang has advised Linde Verlag on the establishment of its digital subsidiary Linde Digital with the participation of Venionaire Capital.