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Due to Polish regulations on takeover offers for publicly traded companies, public to private transactions now carry a heavier risk of failure, understood as the inability to delist the company from the exchange. The bid for shares of TIM S.A., recently extended until 6 December 2023, may be a case in point. Any investor who gets involved in a tender for shares of a listed company needs to ponder the risk that, once the transaction is finalised, they will acquire a controlling stock in a listed company, which may still be subject to a restricted trading regime applicable to public companies for quite some time.

Schoenherr has advised Joachim Exner – the insolvency administrator of Dr. Schneider's Group – on the sale of its business to the Samvardhana Motherson Group for EUR 118.3 million. Friedrich Graf von Westphalen advised Motherson. DZP and Ashurst reportedly advised the sellers.

Herbst Kinsky and WKB Lawyers have advised TX Logistik in the merger control proceedings before the Austrian and Polish competition authorities for its acquisition of Exploris Deutschland Holding, with Orrick Herrington & Sutcliffe reportedly advising on the proceedings in Germany.

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