Cerha Hempel has advised MK Group Global Limited on the acquisition of a loan portfolio from Heta Asset Resolution AG and the acquisition of the direct and indirect shareholdings of HETA in three Slovenian wind-down entities that manage receivables from non-performing loans granted by the former Hypo Alpe-Adria-Bank International AG and its subsidiaries to customers in Slovenia. Schoenherr advised the Republic of Austria as the owner of HETA.
HETA is a wind-down company owned by the Republic of Austria set to dispose of the remaining assets of Hypo Alpe-Adria-International AG, which was nationalized in 2009. According to Cerha Hempel, “the buyer was found as part of a complex, multi-stage bidding process that lasted several months, at the end of which the Republic of Austria ... finally selected MKG as the best bidder.”
MKG is a Cypriot holding company. The group consists of a number of service companies active in the agricultural, wholesale, real estate, and banking sectors.
Cerha Hempel’s team included Managing Partner Albert Birkner and Counsel Wolfgang Sindelar.
Schoenherr's team in Vienna included Partner Sascha Hoedl, Attorney Clemens Gaugusch, and Associate Alexander Gruber, while its team in Ljubljana included Partners Vid Kobe and Eva Skufca, Attorney Peter Grose, and Associate Lea Avesnik.