Brandl Talos has advised Telos Impact on leading the EUR 12 million series A financing round of Kern Tec. Schoenherr advised EIC.

E+H has advised Burgenland Energie on its acquisition of a 25% stake in the Solah Group.

Cerha Hempel, working with Snell & Wilmer and Burges Salmon, has advised customized electronics manufacturer DiscoverIE Group on its acquisition of Slovakia-based antennas manufacturer 2J Antennas Group.

Graf Patsch Taucher has advised Sweden's ZetaDisplay AB on its acquisition of Austrian digital signage integrator Peakmedia Digital Signage. Schoenherr advised Peakmedia's founders on the sale.

On September 20, 2023, PHH announced that Kommunalkredit's EUR 37.5 million financing for the 63-megawatt Senyo photovoltaic plant in Hungary – commissioned by Green Source and Core Value Capital – (reported by CEE Legal Matters on August 7, 2023) had closed.

E+H, working with Osborne Clarke, has advised the Funke Mediengruppe on its acquisition of a stake in High Five. Brandl Talos advised High Five.

Cerha Hempel, working with Gattai Minoli Partners and Arendt & Medernach, has advised SES Spar European Shopping Centers on its acquisition of Il Grifone shopping center in Bassano del Grappa, Italy, from a company belonging to US hedge fund Marathon. Binder Groesswang, working with Legance, advised the seller. Risk Finance Brokers, acting on behalf of UlysseRe, arranged the warranty and indemnity insurance for the buyer.

Former Counsels Zeno Grabmayr, Adelina Iftime-Blagean, Maciej Olszewski, Aleksandar Ristic, Bruno Stefanik, and Stefan Wartinger have all become Partners in Wolf Theiss’ respective offices across CEE.

Wolf Theiss, working with Herbert Smith Freehills, has advised AustralianSuper on its EUR 1.5 billion investment to acquire a significant minority stake in Vantage Data Centers Europe, the Middle East, and Africa.

Schoenherr, working with Kirkland & Ellis, has advised Thoma Bravo portfolio company JD Power on the acquisition of the Autovista Group.

Schoenherr has advised the shareholders of Austrian software company Usersnap on its sale to the Saas.Group. Dorda advised the buyer.

Schoenherr has advised Process Sensing Technologies on its acquisition of Austria's Sensore Electronic. BPV Huegel advised the founders of Sensore Electronic on the sale.

Austria is witnessing a slowdown of its economy and increased reorganization and restructuring activities – impacting various sectors – while legislative changes introduce a new corporate entity and consider remote court hearings, according to Binder Groesswang Managing Partner Andreas Hable.

Schoenherr has advised Aldiana Management on its purchase of the Aldiana Club Ampflwang resort in Upper Austria. Baker McKenzie reportedly advised the sellers.

Where behavior is investigated in parallel by the Austrian competition authorities and the Public Prosecutor’s Office (PPO), the latter usually requests the competition authorities to provide it with copies of their files, including leniency statements and settlement submissions that have been filed with the Federal Competition Authority (FCA), and adds (parts of) these documents to its own file. Victims of competition law infringements can thus indirectly get access to leniency statements and settlement submissions through an inspection of the PPO’s file. This practice risks weakening the effectiveness of the Austrian leniency program and settlement procedure as it may deter undertakings from cooperating with the FCA.

Herbst Kinsky has advised the Montreal-based Valsoft Corporation on its acquisition of the assets of Vienna-based Seekda.

During the Three Seas Initiative annual general meeting in Bucharest in September 2023, Austria's Dorda, Bulgaria's Boyanov & Co., Croatia's Divjak Topic Bahtijarevic & Krka, the Czech Republic's Kocian Solc Balastik, Estonia's Ellex Raidla, Hungary's Lakatos Koves & Partners, Latvia's Ellex Klavins, Lithuania's Ellex Valiunas, Poland's Wardynski and Partners, Romania's Nestor Nestor Diculescu Kingston Petersen, Slovakia's Barger Prekop, and Slovenia's Selih & Partnerji announced they formed the Three Seas Legal Alliance, in recognition of the progress made by the Three Seas Initiative.

On 12 July 2023 the general or ex officio tool of the FSR became applicable. The tool empowers the European Commission (EC) to investigate cases where foreign subsidies are suspected of having a distortive effect on the EU's internal market, even if they do not fall within the scope of the other two FSR tools (M&A tool and public procurement tool). This gives the EC a powerful instrument to tackle market distortions from subsidies granted by third countries.