Hungarian merger control is generally aligned with the relevant EU rules with only relatively minor exceptions or special rules. For example, a notable special rule – which follows similar trends in major European jurisdictions – is the existence of the soft threshold regime, which enables the Hungarian Competition Authority (the Gazdasági Versenyhivatal, “GVH”) to intervene in case the traditional/“hard” thresholds are not met, but where competition is threatened on a specific market (e.g. in case of “killer acquisitions”).
Former Freshfields Bruckhaus Deringer Senior Associate Ricardo Gardini de Andrade has joined DLA Piper's Vienna office as a Partner to work in the firm's Litigation & Regulatory practice.
The increasing US-based investor interest in Austrian tech start-ups – despite the hard times and a certain lack of governmental decisiveness – is creating a buzz in the country, according to DLA Piper Austria Managing Partner Christoph Mager.
Following in the footsteps of the previously adopted Government Emergency Ordinance no. 27/2022 on the measures applicable to final consumers on the electricity and natural gas market between 1 April 2022 and 31 March 2023, as well as for amending and supplementing certain regulations in the energy sector (GEO 27/2022), as well as the subsequent Government Emergency Ordinance no. 119/2022 (GEO 119/2022), which amended GEO 27/2022 as of 1 September 2022, the Romanian Government has recently adopted a new regulatory act, further amending both GEO 27/2022 and GEO 119/2022, and establishing an even higher degree regulatory control over the energy market, in the form of Government Emergency Ordinance no. 153/2022 for the amendment and supplementation of GEO 27/2022 and GEO 119/2022 (GEO 153/2022), published in the Official Gazette of Romania on 11 November 2022.
Approximately two and a half years ago, online gambling providers started being sued by their customers, in various courts in Austria and Germany, demanding reimbursement for their losses by arguing that these services are offered illegally. This article will highlight some of the main issues surrounding these claims.
Sorainen has advised the INVL Baltic Sea Growth Fund on its investment in LuxVet through INVL portfolio company MiniVet. DLA Piper’s Luxembourg office reportedly advised the INVL Baltic Sea Growth Fund as well.
Norton Rose Fulbright has advised the Accolade Group on its land acquisition and development of two logistics parks in Poland – one in Zielona Gora and one in Pila – from Panattoni Europe. DLA Piper reportedly advised Panattoni Europe.
Greenberg Traurig has advised the Trigea Real Estate Fund on its acquisition of a logistics park near Poland's Tricity. DLA Piper reportedly advised the seller.
DLA Piper has advised Wirtualna Polska on its acquisition of the Szallas Group from Portfolion Capital Partners and private individuals. Baker McKenzie advised Portfolion.
While notoriously intimidating to navigate, even for locals, real estate usage and ownership is essential for the two most common basic needs and concerns of every person, housing and work. The Romanian real estate system is largely aligned and similar with that existing in most European countries, nonetheless there are certain regulatory or market driven particulars which are of interest when looking for housing, accommodation, as well as for a place of setting up business. The below aims to break down the basics and provide tips & tricks for newcomers so that their experience is as streamlined and positive as possible.
DLA Piper has advised 2Ride on its acquisition of Casco. BNT Gilescu Valeanu & Partners and Tiefenbacher reportedly advised the seller.
Radu Taracila Padurari Retevoescu has advised Catalyst Romania Fund II on the acquisition of a minority stake in Evolution Prest Systems, which owns the Evomag e-commerce website. DLA Piper advised the seller.
DLA Piper has advised Galileo on its acquisition of a minority stake in Pagra and the related partnership agreement.
The two main forms of non-governmental organizations that may be established in Romania are the associations and foundations. While an association may be incorporated by at least three domestic/foreign individuals/entities as founding members, a foundation may be incorporated by at least one domestic/foreign individual/entity as founding member(s). Associations are set up in order to carry out activities for the general interest, for the interest of a community or for the non-profit interests of its members and the law does not impose a minimum initial patrimony.