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Wolf Theiss has advised the Vienna Insurance Group on the increase of its stake in Hungarian holding company VIG Magyarorszag from 55% to 90%, by acquiring the extra stake from Hungarian state holding company Corvinus. PK & Partners reportedly advised Corvinus.

Herbst Kinsky and WKB Lawyers have advised TX Logistik in the merger control proceedings before the Austrian and Polish competition authorities for its acquisition of Exploris Deutschland Holding, with Orrick Herrington & Sutcliffe reportedly advising on the proceedings in Germany.

A new legal company form and the reduction of the minimum share capital of limited liability companies is expected to make Austria more attractive in the international corporate landscape, particularly for start-ups and venture capital companies.

Radovanovic, Stojanovic & Partners, working with Gianni & Origoni and Schindler Attorneys, has advised the shareholders of SKS365 Group on the sale of SKS365, including its Serbian subsidiaries, to the Italian Lottomatica Group. Sidley advised the Lottomatica Group.

Vavrovsky Heine Marth has successfully represented the Bodner Group in proceedings before Austria's Constitutional Court regarding the development plan and building permit for the Quadrill urban development project in Linz, challenged as unconstitutional by one of the project's neighbors.

Former Dentons Europe Director of Innovation Andrea Miskolczi has launched InterAlia Consulting, a newly established Austrian company operating as a strategic consultancy provider for the legal market.

The legal landscape for businesses in Austria keeps evolving, primarily driven by a new type of company called Flexcap, which offers improved tax treatment for employees and streamlined share transfers within companies, contributing to increased flexibility and opportunities for entrepreneurs, according to Herbst Kinsky Partner Phillip Dubsky.