A couple of legislative changes that affect working parents, foreign employees and posted employees recently came into effect in Slovenia.

Wolf Theiss has advised a group of investors represented by PolSolar on the engineering, procurement, and construction of a 250-megawatt solar power plant in Mezocsat, Hungary.

The Austrian real estate market has been characterized by steady growth over the last decade, driven by a strong economy, low-interest rates, and increasing demand from both local and foreign buyers. 

Recognizing the pressing need to rectify certain conflicting provisions within the existing legal framework applicable to the permitting process of renewable energy projects (as previously reported in the Wolf Theiss Client Alert dated January 12th, 2023 available here), Romanian lawmakers have been working since the start of 2023 to introduce legislative amendments to Urbanism Law 350/2001 and Construction Law 50/1991.

On May 22, 2023, CEE Legal Matters reported that Wolf Theiss, working with Milbank, had advised the initial purchasers and lenders on Salzburg-based Benteler Group’s capital market debut issuance and loans amounting to over EUR 2 billion. CEELM reached out to Wolf Theiss Partner Matthias Schimka to learn more about the matter.

Wolf Theiss has advised the Sekyra Group on its forward sale of the Opatov II residential project to Dostupne Bydleni Ceske Sporitelny and the Vienna Insurance Group's Kooperativa Pojistovna.

In June 2023, Boyanov & Co announced that the sale of BNP Paribas Personal Finance Bulgaria to Eurobank (reported by CEE Legal Matters on February  14, 2023) had closed.

Following two (2) years of uncertainty, at the behest of the Romanian Government, the Ministry for Finance published the draft Government Decision for the approval of procedures for the authorisation and/or registration of providers engaged in exchange services between virtual currencies and fiat currencies, as well as custodian wallet providers, on 12 May 2023. The Decision also included procedures for granting and withdrawing technical endorsements (the "Draft Decision").

Wolf Theiss has advised Banca Comerciala Romana on its EUR 700 million issuance of fixed to floating senior non-preferred green eurobonds due 2027, under a multi-issuer EMTN program.

Did You Know that a total of 11 law firm partners have worked on client matters reported by CEE Legal Matters in Bosnia & Herzegovina this year – though none has, as yet, worked on more than one?

Wolf Theiss has advised Germany-based logistics specialist Rhenus Group on its acquisition of Croatian logistics provider Trans Integral.

Wolf Theiss has advised DTEK Renewables International on the staggered share deal acquisition of a 49.38-megawatt photovoltaic power plant from Finas Invest.

Wolf Theiss has advised Erste Group Bank on WG Projektiranje’s sale of the Velenjka shopping center in Velenje, Slovenia, to Velenjka doo. The Ptuj-based Mayr law firm reportedly advised the buyer.

EPS (Elektroprivreda Srbije) seeks a strategic partner to design, build, fund, operate and maintain at least 5 new solar power plants.

Wolf Theiss, working with Milbank, has advised the initial purchasers and lenders on Salzburg-based Benteler Group’s capital market debut issuance and loans amounting to over EUR 2 billion.

Wolf Theiss has advised hospitality sector software provider Hospitality Software Solutions on its acquisition of SiTec. 

Wolf Theiss has advised financial technology start-up BehaviorQuant Behavioral Finance Technologies and its US and French investors on a seed funding round.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and stay up to date with the latest developments impacting their respective practice areas.