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Dorda and the French office of Bird & Bird (acting as local counsel) have advised Cyan AG, an IT security company listed on the Frankfurt Stock Exchange, on an international tender and on its entrance into a group license agreement with French telecommunications provider Orange S.A.

Exactly four months ago, we reported that the Austrian pastry shop Aida was starting to sell cakes containing CBD and explained the legal situation. In the meantime, everything has changed. Or has it?

The most recent article in our Efficient Arbitration Series looked at how document production, when handled properly, could save time and costs in arbitration proceedings. In this article, we continue to add tools to our efficiency box by considering a new set of procedural rules that will soon become available: The Prague Rules on the Efficient Conduct of Proceedings in International Arbitration ("Prague Rules").

Binder Groesswang has advised Austrian electricity provider Verbund AG in connection with the world's first Environmental Social Governance-linked syndicated loan, the interest rate of which is not determined by reference to the financial rating but by reference to a sustainability rating established by the ESG rating agency Sustainalytics. Signing and closing of the EUR 500 million loan took place on December 10, 2018.

With uncertainties surrounding a "no deal" Brexit meanwhile culminating in fears of a "super hard" Brexit, financial institutions in the UK, the EU27 and beyond are eager in search of solutions that preserve continuity of contracts and that contain the numerous legal and regulatory risks for institutions on both sides of the Channel.

Wolf Theiss Partners Andrea Gritsch, Sebastian Oberzaucher, and Claus Schneider have been elected Managing Partners at the firm, joining current Managing Partner Richard Wolf, who was reelected to the position.

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