Galloping inflation and post-COVID-19 challenges are shaping the litigation market in Austria, with an unparalleled volume of insolvencies feeding into a high rate of litigation. Meanwhile, the Austrian government remains hesitant to implement the European collective redress system.

Internal investigations continue to be a crucial part of a robust compliance management system. Short messages exchanged on smartphones have become a significant source for internal as well as external investigations. The Austrian prosecution authority understands that screening smartphones is close to “manna from heaven” for any investigator. This Market Snapshot reports on two important developments in Austria: a constitutional court decision requiring a significant change of the law, and the impact of the newly implemented law for the protection of whistleblowers.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Leaua Damcali Deaconu Paunescu, working with Geneva-based Lalive, has successfully represented Romania in an ICSID arbitration case against gold mine operator Gabriel Resources, whose claims amounted to approximately USD 6.7 billion.

Popovici Nitu Stoica & Asociatii has successfully assisted former WTA world number one tennis player Simona Halep before the Court of Arbitration for Sport in a matter regarding her suspension for alleged violations of anti-doping rules.

Olga Vorozhbyt has joined Sayenko Kharenko as a Partner and will focus on helping the firm handle cross-border disputes and large-scale investigations, including ones related to FCPA rules.