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68 New Articles

Attendees to the 2019 CEELM Winter Party were cornered, over the course of the evening, and asked, without warning or an opportunity to prepare, what achievement over the past 12 months they were proudest of.

Read more: The Viennese Waltz

Kambourov & Partners and Wolf Theiss Advise on DS Smith's Sale of Packaging Business to Liquibox

Kambourov & Partners has advised DS Smith on Bulgarian aspects of the sale of it plastic packaging business to Liquibox. Wolf Theiss reportedly advised Liquidbox on the deal.

Read more: Kambourov & Partners and Wolf Theiss Advise on DS Smith's Sale of Packaging Business to Liquibox

Wolf Theiss and Allen & Overy Advised on LaSalle Investment Management Acquisition of Polish Properties

Wolf Theiss Warsaw has advised Marvipol Development and PG Dutch Holding I on the sale by their joint venture special purpose vehicles of development plots in Warsaw and Michalowice to LaSalle Investment Management KVG. Allen & Overy advised the buyer on the deal, which is valued at approximately EUR 29.6 million.

Read more: Wolf Theiss and Allen & Overy Advised on LaSalle Investment Management Acquisition of Polish...

Wolf Theiss has advised Raiffeisen Bank International AG on the issuance of a Ordinary Senior Eligible bonds worth EUR 750 million under its EUR 25 million Debt Issuance Program. Banco Santander, S.A., BNP Paribas, Citigroup Global Markets Limited, Morgan Stanley & Co International, and RBI were joint lead managers.

Read more: Wolf Theiss Advises RBI on Issuance of EUR 750 Million Ordinary Non-Subordinated Debentures

With GDP growth for 2019 projected to be approximately 4%, the Polish economy remains strong, and the country’s real estate sector continues to set new records. The low availability of housing, strong domestic consumption, and stable industry production have boosted the profitability of real estate investments. Demand for land is high and developers compete fiercely for the shrinking number of attractive spots. In August 2019, a new law came into force which may make real properties held in a right of perpetual usufruct (RPU) more attractive than they used to be.

Read more: Perpetual Usufruct Right Becomes More and More Similar to Freehold

Contrary to all expectations, Hungary still does not require the use of building information electronic modelling (BIM) tools in tenders for public works contracts, despite the excitement in the construction industry about the possibility that the tools would be made mandatory as early as 2014.

Read more: How Long Does BIM Have to Wait in Hungary?

Wolf Theiss and White & Case have advised ABN Amro, Deutsche Bank, DZ Bank AG, RBI, and UniCredit, as joint lead managers on UniCredit Bank Austria AG's successful January 21, 2020 placement of a benchmark EUR 500 million issuance of mortgage securities.

Read more: Wolf Theiss and White & Case Advise Joint Lead Managers on UniCredit Bank Austria's Mortgage...

Wolf Theiss has advised Erste Group Bank AG on the issue of EUR 500 million of Additional Tier 1 Notes and on the issue of EUR 750 million Mortgage Pfandbriefe. Linklaters and Rautner Rechtsanwalte advised the lead managers (HSBS, BofA Securities, Morgan Stanley, and Societe Generale) on the Tier 1 note issuance. Weber & Co advised the banks (Banca IMI, Danske Bank, DekaBank, DZ BANK, Erste Group (in its capacity as Manager) and LBBW) on the Mortgage Pfandbriefe.

Read more: Wolf Theiss, Linklaters, Rautner, and Weber & Co Advise on Erste Group's Benchmark Emissions

In an effort to streamline the adjudication of IP cases in Poland, specialized courts will be introduced next year. The courts will very likely improve the speed, efficiency, and expertise with which IP cases are handled – a win for all parties involved.

Read more: Poland to Introduce Specialized IP Courts in 2020 to Increase Efficiency and Expertise

Weber & Co. has advised DekaBank Deutsche Girozentrale, DZ Bank, Erste Group, RBI, and UniCredit as joint lead managers on the successful issuance of mortgage covered bank bonds by Raiffeisenlandesbank Oberosterreich AG. Wolf Theiss advised Raiffeisenlandesbank Oberosterreich on the issuance.

Read more: Weber & Co. and Wolf Theiss Advise on Raiffeisenlandesbank Oberosterreich's Mortgage Covered Bank...

Wolf Theiss and Linklaters had advised J.P. Morgan and Erste Group Bank AG as joint book-runners on S Immo AG's issuance of 6,691,717 new shares via an accelerated book-building procedure involving the exclusion of shareholders' subscription rights. S Immo AG was reportedly advised by DSC Doralt Seist Csoklich.

Read more: Wolf Theiss and Linklaters Advise on S Immo AG Capital Increase

Wolf Theiss worked alongside lead counsel Travers Smith in advising TA Associates on an unspecified investment in Netrisk, a Hungarian online independent insurance marketplace. Netrisk and existing investor MCI Capital were advised by Deloitte Legal.

Read more: Wolf Theiss and Travers Smith Advise TA Associates on Investment in Netrisk.hu

Wolf Theiss and Garrigues have advised the shareholders of Tag Systems S.A. on the sale of the company to Austriacard and their entrance into a joint venture with Austriacard. The transaction closed on December 4, 2019. The buyers were advised by Garger Spallinger.

Read more: Wolf Theiss and Garger Spallinger Advise on Sale of Tag Systems to Austriacard

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