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Binder Groesswang has advised British private equity fund Enact on backing the management team of Qualter, Hall & Company Limited in its buyout of the business from the insolvency estate of Waagner-Biro AG. Womble Bond Dickinson advised Enact on matters of English law. Kosch & Partner advised Waagner-Biro.

Weber & Co. has advised joint lead managers Erste Group, LBBW, RBI, and UniCredit on the successful November 13, 2019 issuance of EUR 300 million mortgage covered notes by Raiffeisenlandesbank Vorarlberg. Wolf Theiss advised Raiffeisenlandesbank Vorarlberg as the issuer.

DLA Piper has advised European hotel developer UBM Development AG on the successful issue of a new EUR 120 million corporate bond, including an exchange offer. Wolf Theiss advised joint lead managers and book-runners Raiffeisen Bank International AG and M.M.Warburg & CO.

Former Wolf Theiss Poland Co-Managing Partner Ron Given has joined Deloitte Legal as its CE Senior Legal Counsel, responsible for all of the firm’s offices in 19 Central and Eastern European countries.

The development of autonomous driving has been a recurring topic in the media in recent years. Technology in this area has progressed so much that autonomous vehicles are now ready for test drives on public roads. This development is subsequently exerting great pressure on local governments to create new laws allowing this type of testing and therefore driverless vehicles on public roads.

In September 2018 Schoenherr Partner Thomas Kulnigg advised crowd-investing company Conda AG on the digitalization of its shares, allowing the registered shares to be managed via blockchain technology. The project represented the first-ever digitalization of shares linked to digital tokens in an Austrian joint stock company. The tokens were digital units that were mined exclusively by Conda on a blockchain (dis-tributed ledger technology) protocol and then given to company shareholders. When a shareholder trans-fers a token to another person, the transfer is recorded in the blockchain and, on that basis, the transfer is also registered in Conda’s share ledger. The transfer of a token is thus the equivalent of a share transfer.

Binder Groesswang has advised industrial holding company Mutares SE & Co. KGaA on a notarized, binding offer to acquire the business of Q Logistics GmbH, a logistics subsidiary of Osterreichische Bundesbahnen-Holding Aktiengesellschaft. Wolf Theiss advised OBB on the transaction.

Cerha Hempel has successfully represented Austrian Power Grid AG, Austria's transmission system operator, before the EU General Court, in its challenge to the order by the Agency for the Cooperation of Energy Regulators that the German-Austria electricity price zone be separated.

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