Herbst Kinsky has advised Berlin-based VC firm Project A and Munich-based Senovo Capital and Schoenherr has advised Digital+ Partners on the USD 20 million financing round of Anyline. Brandl Talos advised Anyline on the deal.
Blockchain technology has – so far – not lead to a transfer of the world's land registers onto this technology or to a "tokenization" of title (documents). The only significant exception in this respect is Georgia where a purchaser's title to real property can be registered by execution of a smart contract.
Zivkovic Samardzic has advised on the merger of Eurobank a.d. Beograd with Direktna Banka a.d. Kragujevac, via an absorption of Direktna by Eurobank Serbia. GO2Law advised Direktna on English law matters, with Milbank advising both banks on English law. Schoenherr reportedly advised Eurobank Serbia on the deal as well.
Schoenherr has advised Swiss-based media company Ringier on the acquisition of a majority stake in Bulgarian sports news portal z Sportal Media Group – and an affiliated IT company behind the international Sports Content Management System, Sportal365 – Digital Ventures OOD. Jordanov, Valkov & Partners advised the seller, Mr. Angel Stoyanov Shishkov, on the deal.
The Supreme Administrative Court is gradually granting more rights to environmental organisations (EOs) in nature conservation procedures. Following a December 2020 ruling of the Supreme Administrative Court regarding the party status of EOs (for further details please see "New ruling expands environmental organisations' rights in nature conservation procedures"), the Supreme Administrative Court remains on course with its pro-EO case law. In recent months, the court has issued several more interesting rulings that seem to strengthen EOs' position in nature conservation proceedings.
Crowdfunding is a type of intermediation where the service provider operates a platform (e.g. website) open to the public. The purpose of that platform is to match enterprises seeking financing with prospective investors. The enterprises typically receive small amounts of money from many investors (usually natural persons), via lending (lending-based crowdfunding) or investment into shares (investment-based crowdfunding). Some of the best-known crowdfunding platforms are Kickstarter or Indiegogo. By introducing a single European regulatory framework, the uncertain Hungarian legal environment might change, potentially giving a boost to the crowdfunding market.
A law implementing, among others, Directive (EU) 2019/878 amending Directive (EU) 2013/36 (Capital Requirements Directive - CRD V) has been passed by the Austrian Parliament and Federal Council, and has been published in the Federal Gazette. CRD V (as part of the package together with Regulation (EU) 2019/876 amending Regulation (EU) 575/2013 – CRR II) aims to close regulatory gaps in the existing financial regulatory framework and, while adding prudential measures as to capital requirements, requires certain entities to comply with new licensing obligations.