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It's hard to believe, but some cybercriminals are trying to take advantage of the coronavirus crisis. They seek to exploit IT weaknesses and use our fears and insecurities to obtain passwords, infiltrate company networks or launch cyberattacks. We have therefore put together a short overview of measures to decrease cybercrime risks in the current extraordinary situation.

Cerha Hempel and Schoenherr advised OMV on the acquisition of a 39% stake in Borealis AG from Mubadala for USD 4.68 billion. Allen & Overy, Eisenberger & Herzog, and Binder Groesswang advised Mubadala on the transaction, which remains subject to regulatory approval and is expected to be completed by the end of 2020.

“From the perspective of the Austrian people the government is doing a great job,“ says Raimund Cancola, Partner at Taylor Wessing in Vienna. “We’re really lucky that the current coalition is working in unison – they’re quite complementary. Almost nobody has any substantial negative remarks over their handling of the crisis."

Weber & Co. has advised OMV AG, the international integrated oil and gas company headquartered in Vienna, on the issuance of multi-tranche corporate bonds. White & Case Frankfurt advised the joint lead managers Barclays Bank Ireland PLC, Credit Agricole Corporate and Investment Bank, MUFG Securities, Societe Generale, and UniCredit Bank Austria AG.

In The Corner Office feature of CEE Legal Matters we ask Managing Partners at leading law firms across Central and Eastern Europe about their unique roles and responsibilities. In light of current events, the question for this online occurrence of the feature is: "How are you managing your team working remotely during this challenging period?"

Fellner Wratzfeld & Partner has advised VTB Bank Europe on financing provided to an unidentified buyer for its acquisition of 50% of SEMA Vermoegensverwaltung GmbH, the Austrian holding company of the Planquadr.at development and real estate portfolio group, from unnamed sellers.