Graf & Pitkowitz has advised Germany's Cherry GmbH on the acquisition of Austria's Theobroma Systems Design and Consulting GmbH.
Clifford Chance and Baker McKenzie Advise on Apollo Funds' Investment in Sazka
Clifford Chance and Switzerland's Lenz & Staehelin have advised the KKCG AG investment company and pan-European lottery operator the Sazka Group on the EUR 500 million investment into the Sazka by funds managed by affiliates of Apollo Global Management. Baker McKenzie advised Apollo.
Brandl & Talos Advises AWS Grunderfonds on Investment in Rendity
Brandl & Talos has advised AWS Grunderfonds on its EUR 1.8 million seed investment in Vienna-based real estate startup Rendity. TBS Schmidt reportedly advised Rendity on the deal.
DLA Piper and Kirm Perpar Successful for Kranjska Gora Municipality in Arbitration
DLA Piper and Kirm Perpar have successfully represented the Slovenian municipality of Kranjska Gora in an arbitration proceeding adjudicated at the Vienna International Arbitration Center against WTE Wassertechnik GmbH, a German supplier for municipal and industrial water management.
Binder Groesswang Advises SeneCura Group on Acquisition of St. Veit/Glan Therapy Center
Binder Groesswang has advised the SeneCura Group on its acquisition of Austria's St. Veit/Glan therapy center. The signing and closing of the share deal took place on October 28, 2020.
Cerha Hempel and Linklaters Advise on CA Immobilien Anlagen's Green Bond Placement
Cerha Hempel has advised CA Immobilien Anlagen on its EUR 350 million placement of a fixed rate senior unsecured green bond (with a maturity of five years and an annual coupon of 1.0%). The Frankfurt office of Linklaters reportedly advised joint global coordinators J.P. Morgan Securities plc and Morgan Stanley & Co International plc and joint bookrunners and joint sustainability structuring agents UniCredit Bank AG and Raiffeisen Bank International AG.
CMS and KPMG Law Advise on Plastic Omnium's Establishment of Joint Venture with ElringKlinger
CMS has advised Plastic Omnium on establishing a joint venture with ElringKlinger. In addition, Plastic Omnium acquired ElringKlinger’s Austrian subsidiary — ElringKlinger Fuelcell Systems Austria — for almost EUR 15 million. KPMG Law Germany and KPMG Law Austria Buchberger Ettmayer advised ElringKlinger on the transaction, which remain subject to regulatory approval.
Dorda Successful for Energy Hero in Dispute with Energy Supplier
Dorda has successfully defended Energy Hero in a case heard by the Austrian Supreme Court against an unspecified energy supplier.
Schoenherr Successful for Orphan Pharmaceuticlas in Arbitration Against PharmaEssentia Corporation
Schoenherr has successfully represented Austrian AOP Orphan Pharmaceuticals AG in a Frankfurt-seated arbitration against Taiwan's PharmaEssentia Corporation. The tribunal awarded AOP declaratory relief, damages, costs, and interest, and dismissed all counterclaims.
Cerha Hempel Advises Immofinanz on Unsubordinated Bonds Placement
Cerha Hempel’s Vienna office has advised Immofinanz on its successful placement of an unsubordinated, unsecured bonds issue valued at EUR 500 million. Citigroup and J.P. Morgan Securities acted as joint global coordinators and joint bookrunners, while Credit Suisse, Deutsche Bank, Erste Group Bank, and HSBC served as joint bookrunners on the deal. Linklaters’ Frankfurt office reportedly advised the underwriters.
Dorda Advises Ascott on Residences Agreement in Vienna Twentytwo Urban Development Project
Dorda has advised Ascott on an agreement for serviced residences in the Forum Donaustadt/Vienna Twentytwo development in Vienna's 22nd district with Signa Real Estate and Austria Real Estate. The aparthotel will be marketed under the Citadines Apart’hotel brand and is scheduled to open at the end of 2022. Arnold reportedly advised Signa and ARE on the deal.
Austria: Austrian Cartel Court Finds Abuse of Dominant Position by Peugeot Vis-A-Vis its Independent Dealer
On May 12, 2020 after a long-lasting proceeding between the general importer Peugeot Austria and Austrian Peugeot dealer Buechl, the Austrian Cartel Court decided in first instance that Peugeot Austria had abused its market power vis-à-vis Buechl. The dispute revolved around the imposition of contractual conditions by Peugeot which, in the opinion of the court, put dealers at a substantial economic disadvantage. Peugeot Austria has expressed its surprise at the court’s decision and has announced that it will file an appeal.
Brandl & Talos Advises Ring International on Takeover of Burger King Franchise in Scandinavia
Brandl & Talos has advised Ring International Holding on its takeover of the Burger King franchise in Norway, Sweden, and Denmark from Umoe Restaurants. Norwegian law firm Bahr advised the seller on the deal. Wikborg | Rein in Norway, Cirio in Sweden, and Bruun & Hjejle in Denmark acted as local advisors to the buyer.
Eisenberger & Herzog and 42law Advise on Sale of Majority Stake in Bergfex to Russmedia Equity Partners
Eisenberger & Herzog has advised Markus Kummel, Oliver Jusinger, and Andreas Kossmeier, the founders of the Bergfex tourism platform, on the sale of a 60% stake to Russmedia Equity Partners. 42law reportedly advised Russmedia Equity Partners on the deal.
Schoenherr and Act Legal Austria WMWP Advise on Carbomed Financing Round
Schoenherr has advised Austrian start-up Carbomed Medical Solutions on a EUR 3 million financing round led by Aws Gruenderfonds. Act Legal Austria WMWP advised Aws Gruenderfonds on the deal.
The Buzz in Austria: Interview with Marc Lager of Deloitte Legal
“Things are, right now, Covid-driven again, really,” begins Partner Marc Lager, the head of the EU Competition Law and Global Trade practice in the Vienna office of Deloitte Legal. “The numbers have been going up a bit lately, as in other parts of Europe, and there have been talks of reintroducing some of the measures that were in place earlier in the year.”
Binder Groesswang, Brandl & Talos, Schiff Hardin, and Hengeler Mueller Advise on Paramit's Acquisition of System Industrie Electronic
Binder Groesswang, Schiff Hardin, and Hengeler Mueller have advised California-based medical devices and life science instruments manufacturer Paramit Corporation on the acquisition of 100% of shares in Austria's System Industrie Electronic GmbH and its German subsidiary, System Industrie Electronic Deutschland GmbH, from former majority shareholder System Industrie Holding AG (and its ultimate owner, the Filzmaier Private Foundation) and Aws Mittelstandsfonds, a former minority shareholder. Brandl & Talos advised the sellers on the transaction, which remains subject to regulatory clearance in both Austria and Germany.
CMS Counsel Sixtus-Ferdinand Kraus Appointed Professor at Johannes Kepler University Linz
Sixtus-Ferdinand Kraus, a member of CMS Vienna's Corporate Transactions and Corporate Litigation teams, has been appointed Professor of Civil Law at the Johannes Kepler University Linz.