Binder Groesswang has advised Austria Wirtschaftsservice on the launch of its new venture capital fund, AWS Gruenderfonds II, focusing on initial growth investments in innovative and sustainable technologies in Austria.

CMS Reich-Rohrwig Hainz has established a dedicated, separate competence center for English law – to serve its operations across CEE and SEE countries – with members including Vienna-based Partners Marcell Clark, Alexander Rakosi, and David Kohl and Solicitor Anna Freund.

Freshfields Bruckhaus Deringer has advised Roehm on its acquisition of SABIC's Functional Forms business. 

Schoenherr, working alongside Sullivan & Cromwell, has advised Rhone Capital on its public cash offer for up to 29.9% of the share capital of RHI Magnesita.

On April 20, 2023, the European Commission ("Commission") adopted a merger simplification package ("Package") aimed at simplifying the Commission's review of concentrations under the EU Merger Regulation. The core of the Package is the expansion of the categories of cases which can be treated under the Commission's simplified procedure. In addition, the Package aims to streamline the review of simplified and non-simplified cases by introducing new notification forms.

Cerha Hempel has advised IRMA Investments on Raiffeisen Beteiligung's acquisition of a 50% stake in Austrian photovoltaic module manufacturer Energetica Industries. Dorda advised the Raiffeisen-Landesbank Oberoesterreich subsidiary on its investment.

Struggling with high inflation, tough questions are being asked of the Austrian M&A market lately, and the government responded by planning a new, more flexible corporate form with reduced capital requirements, according to Graf Patsch Taucher Partner Bernd Taucher.

Austrian law firm Vavrovsky Heine Marth has opened a new office in Linz, in addition to the firm's operations in Vienna and Salzburg.

Securing e-evidence and establishing efficient procedures is key.

Cerha Hempel has advised Raiffeisen Property Holding International on the sale of an office building in the Neu Marx area in the third district of Vienna to the European Handball Federation via a forward purchase. Reportedly, Joklik, Katary, Richter advised the buyers on the deal.

Regulation (EU) 2022/2560 on Foreign Subsidies (the "FSR") aims to address distortions caused by foreign subsidies in the single market. In this part of our FSR Insight Series, we explain the fundamental notion of what constitutes a "foreign subsidy" within the meaning of the FSR. You will find a basic definition in Article 3 FSR, with some further considerations in recitals 11 to 16 of the Regulation.

CEELM: First, congratulations on winning the Deal of the Year award in Austria!

The Austrian real estate market has been characterized by steady growth over the last decade, driven by a strong economy, low-interest rates, and increasing demand from both local and foreign buyers. 

Alexey Amvrosov, Lead Counsel for IBM Consulting in CEE, based in Vienna, highlights the soft skills that will differentiate successful legal leaders from those less so.

Herbst Kinsky has advised Lifetree Asset Management – Froots – on its second financing round which saw Gregor Schlierenzauer and Ronald Holzmann join existing investors Georg Kapsch, Andreas Treichl, Gina Goess, and Reinhold Baudisch, with the company raising over one million euros. 

On May 22, 2023, CEE Legal Matters reported that Wolf Theiss, working with Milbank, had advised the initial purchasers and lenders on Salzburg-based Benteler Group’s capital market debut issuance and loans amounting to over EUR 2 billion. CEELM reached out to Wolf Theiss Partner Matthias Schimka to learn more about the matter.

E+H has advised EcoWind on the sale of the Steinberger Alpe wind farm and the Soboth wind turbine to Kelag in an international bidding process.

Taylor Wessing has advised wind energy technology company SkySpecs on the acquisition of i4SEE.