Earlier this year the European Banking Authority (EBA) published the final Guidelines on the limited network exemption (LNE) under the Payment Service Directive 2 (PSD2). Following the consultation phase initiated by the draft, further clarifications were added which are relevant to all service providers who plan to rely on the exclusion as well as those who already do.
E+H and EY Law Advise on STC and RoomBuus Sale of High Five Lighthouse to ZBI
E+H has advised the joint venture of STC Development and RoomBuus Baudienstleistungs on the development and sale of the Linz High Five lighthouse project to the Zentral Boden Immobilien Group. EY Law's Pelzmann Gall Groess Rechtsanwalte advised ZBI.
CMS Advises Alpla on Acquisition of Apon
CMS has advised Austria's Alpla on its acquisition of Polish pharmaceutical packaging producer Apon.
EU: Commission Proposal to Implement the FATF Travel Rule: Speed Bumps Ahead for Crypto-asset Transfers?
On 29 June 2022, the Council and the European Parliament reached a provisional agreement on the text regarding the European Commission's proposal for a recast of Regulation (EU) 2015/847 (also referred to as the Transfer of Funds Regulation ("TFR")).
Philipp Zumbo Joins Taylor Wessing as Partner in Vienna
Philipp Zumbo has joined Taylor Wessing's corporate team in Vienna as a Partner.
Wolf Theiss Advises Bain Capital Tech Opportunities on USD 150 Million Investment in Ataccama
Wolf Theiss, working with Ropes & Gray, has advised Bain Capital Tech Opportunities on its USD 150 million investment in Ataccama, a unified data management platform provider. Deloitte Legal reportedly advised Ataccama.
Austria: PPP & Infrastructure Projects Going Digital and Green
Public infrastructure projects in Austria and in particular PPPs are undergoing several changes. In the last few years, the focus of PPPs was on social infrastructure like schools, hospitals, and other clinics. Many of them have been structured as so-called Betreibermodelle, i.e., a form of build, finance, and operate models. However, the focus is clearly shifting towards infrastructure for digitalization and climate change.
Schoenherr Advises Caverion on Acquisition of Porreal
Schoenherr has advised Caverion Oesterreich on the acquisition of Porreal and its subsidiary Alea. Beira Rechtsanwaelte reportedly advised Porr AG on the sale.
Manuela Maurer-Kollenz and Simone Maier-Huelle Join PwC Legal Austria
Mueller Partner Rechtsanwalte has announced the departure of the Heads of its Real Estate practice, Partners Manuela Maurer-Kollenz and Simone Maier-Huelle, to join PwC Legal together with their team on July 1, 2022.
Cerha Hempel Advises Freeeway on Pre-Series A Investment Round
Cerha Hempel has advised Red-Stars.com Data AG company Freeeway on a financing round leading to the closure of its pre-series A round.
Brandl Talos, Binder Groesswang, and PHH Advise on Invest AG and EIC Fund Investment into Aviloo
Brandl Talos has advised Austrian battery diagnostics start-up Aviloo on an equity investment by the European Innovation Council Fund and Raiffeisen's Invest Unternehmensbeteiligungs AG. Binder Groesswang advised the EIC Fund and PHH advised Invest AG.
CMS and White & Case Advise on EUR 220 Million Investment in Rohlik
CMS has advised a group of investors on a Sofina-led EUR 220 million series D financing round for the Rohlik Group. White & Case advised the Rohlik Group. Linklaters reportedly advised Sofina. Pierstone reportedly advised some of the investors.
Freshfields Advises KFW on EUR 9.8 Billion Loan for Former Gazprom Germania
Freshfields Bruckhaus Deringer has advised German state-owned bank KFW on a revolving credit line of up to EUR 9.8 billion for the former Gazprom Germania.
EU: How to Rescue a Design
Have you ever wondered whether you can modify a registered community design ("RCD") that is challenged by an application for declaration of invalidity by removing certain prohibited design elements to maintain the registration?
The Buzz in Austria: Interview with Lukas Feiler of Baker McKenzie
An important case before the ECJ that could have major legislative implications for Austria, a draft law regulating whistleblowing, and a major data center acquisition – the hottest topics in Austria right now, according to Baker McKenzie Partner Lukas Feiler.
DLA Piper Advises Knorr-Bremse on Acquisition of Cojali
DLA Piper has advised Knorr-Bremse and its subsidiary Knorr-Bremse Systeme fur Nutzfahrzeuge on their EUR 200 million acquisition of a 55% stake in Cojali.
Schoenherr Advises Wienerberger on Acquisition of Vargon
Schoenherr has advised Wienerberger on its acquisition of Vargon. Buterin & Partneri reportedly advised the sellers on the deal.
Schoenherr Advises BTV on Acquisition of STW Spleisstechnik West
Schoenherr, working with Noerr, has advised the BTV Multimedia Group on its acquisition of STW Spleisstechnik West. Solo practitioner Georg Justich reportedly advised STW.