DLA Piper has advised Panoptes Pharma co-founders Franz Obermayr and Stefan Sperl and other unspecified shareholders on the sale of 100% of the company to EyeGate Pharmaceuticals. Frotz Riedl in Austria and Burns & Levinson in the US reportedly advised the buyer.
Cerha Hempel, working with Allen & Overy’s Amsterdam office, has advised Mississippi Ventures B.V. on the acquisition of 50% of the shares in Dutch retail chain Hema B.V. from the Ad Hoc Group. Loyens & Loeff advised the Ad Hoc Group on the deal, which is expected to close in the first quarter of this year, and De Brauw Blackstone Westbroek advised Hema.
The Digital Markets Act proposal (DMA) is a collection of complex obligations imposed on certain digital service providers. We previously described the salient features of the DMA here. In this article we focus on the definition and designation of gatekeepers, the powers of the EC compared to Member States and the potential effects of the DMA initiative within CEE.
The fast-paced changes brought about by digital technologies continuously challenge the slow-moving legal framework of the European Union. The European Commission (EC) has long grappled with the ever-evolving practices of tech-companies. Some players, spawned from garages and dorm rooms not long ago, are now entrenched gatekeepers and generate issues enforcers simply lack tools to deal with.