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ODI Law has advised the state-owned Slovenian Bank Assets Management Company – now merged with the Slovenian Sovereign Holding – on the restructuring of Fori and its related companies. Ketler & Partners in cooperation with Karanovic & Partners reportedly advised Fori.

BDK Advokati, Binder Groesswang, and Lakatos Koves & Partners, working with SZA Schilling Zutt & Anschuetz, have advised Turkish investors Baran Celik and Nuvit Gundemir and their families on the sale and purchase agreement with insolvency administrator Jan Markus Plathner to acquire Veritas Group's subsidiaries in Austria, Bosnia and Herzegovina, China, Turkey, and Hungary and three production plants in Germany. 

There is a growing concern, across CEE, about a potential wave of insolvency and restructuring proceedings. Given the economic aftermath of COVID-19, coupled with the ramifications of rising inflation and interest rates, energy crisis concerns, and the war in Ukraine – the road ahead seems bumpy at best.

Austria's lawyers are keeping busy these days, with work primarily driven by an active M&A market, restructuring, litigation, and regulatory changes, while those changes are putting increasing pressure on small businesses, according to Act Legal Partner Roman Hager.

Baker McKenzie has advised the Polindus-Laktopol Capital Group on its acquisition of a production plant in Bielsk Podlaski from the bankruptcy trustee of the Bielmlek Dairy Cooperative. Sole practitioner Kazimierz Mordaszewski reportedly advised the bankruptcy trustee.

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