Schoenherr has helped Viennese crypto-currencies retail broker Bitpanda obtain a EUR 143 million Series B investment from Valar Ventures and DST Global. Taylor Wessing advised Valar Ventures on the deal.
For our Checking In feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. This time around we asked Data Protection experts: Overall, how compliant would you say economic agents are with relevant local regulations on data protection, and what are the main gaps that have yet to be addressed?
With the Act Legal alliance announcing an integrated brand (reported by CEE Legal Matters on March 18, 2021), we spoke with Martin Randa, Managing Partner, Act Legal Czech Republic, Marek Wojnar, Managing Partner, Act Legal Poland, Stefan Botezatu, Managing Partner, Act Legal Romania, and Roman Hager, Partner, Act Legal Austria, to learn more about what the integration of the brand means for the alliance and what its plans are for the future.
Schoenherr has advised joint lead managers DekaBank, DZ Bank, Erste Group, Raiffeisen Bank International, and UniCredit on the successful issue of covered notes by Raiffeisenlandesbank Vorarlberg Waren-und Revisionsverband registrierte Genossenschaft mit beschrankter Haftung. Wolf Theiss advised Raiffeisenlandesbank Vorarlberg on the issue.
Cerha Hempel has advised payment and transaction services provider Worldline and its Luxembourg-based subsidiary, Six Payment Services, on the contribution of its merchant services business in Austria to PayOne, a joint venture of the Ingenico Group and Deutscher Sparkassen. Linklaters reportedly advised Worldline in Germany and Luxembourg and Hogan Lovells reportedly advised Deutsche Sparkassen and PayOne.
After many years of liberalization and globalization, recent years have shown a reversal of the European Union’s approach concerning foreign direct investment from third countries. As in much of the world, the EU has taken a more restrictive view than in the past, and this view is reflected on the legislative level with the FDI Screening Regulation.