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On 18 March the Hungarian prime minister announced extraordinary measures to be taken as a result of the national emergency caused by COVID-19. Most of these measures have a strong impact on the Hungarian economy; in particular, the banking sector.

Read more: Extraordinary Measures Impact the Hungarian Banking Sector

A new Act No. 39/2020 Coll., on Real Estate Brokerage, came into effect in the Czech Republic on 3 March 2020. The Act tightens the requirements on real estate brokers (including real estate agencies) and implements new elements of protection for those using real estate brokerage services.

Read more: Czech Republic: New Regulation of Real Estate Agencies

Binder Groesswang has advised Austrian risk and insurance manager GrECo and its majority owners, the Neubrand family, on the buy-back of GrECo shares from former British partner JLT. Schoenherr advised the sellers on the deal.

Read more: Binder Groesswang and Schoenherr Advise on GrECo Buy-Back of Shares from JLT

D’Ornano Partners Advises Groupama Group on Acquisition of Express Life Bulgaria

D’Ornano Partners has advised the Groupama Group on its acquisition of Express Life Bulgaria IJSC, a member of the OTP Group. Schoenherr advised the OTP Group on the deal.

Read more: D’Ornano Partners and Schoenherr Advise on Groupama Group Acquisition of Express Life Bulgaria

Worried about COVID-19? During the outbreak, it is challenging for patients to seek in-person medical care. Self-quarantine is an important tool in managing disease transmission, especially among patients who are vulnerable to the risk of infection. This is where telemedicine becomes essential to ensure that patients have access to medical care and to boost community support. In times of a global public health emergency like the COVID-19 outbreak, healthcare systems should lean on remote medical check-ups, e-prescriptions and postal delivery of medicines in situations of quarantine and to tackle the further spread of the disease. Healthcare systems should expand beyond traditional healthcare tools and leverage existing telehealth tools to direct people to the proper level of healthcare for their medical needs (both to address their medical condition and to screen for COVID-19). Moreover, state administrations should make a historic effort to at least temporarily lift restrictions on telehealth usage (where such exist) to assist in the efforts to reduce patients' exposure to the virus and to ensure public health and safety.

Read more: E-healthcare and Telehealth Become Vital to Tackling COVID-19 in CEE

Schoenherr and Hochedlinger Luschin Marenzi Kapsch Advise on Neuraxpharm's Acquisition of Easypharm

Schoenherr has advised Neuraxpharm, a portfolio company of Apax Partners, on the acquisition of Austrian consumer healthcare company Easypharm OTC GmbH. Hochedlinger Luschin Marenzi Kapsch advised the unidentified sellers on the deal, which closed on January 20, 2020.

Read more: Schoenherr and Hochedlinger Luschin Marenzi Kapsch Advise on Neuraxpharm's Acquisition of Easypharm

Kinstellar Advises EBRD on First Financing in Bulgaria Under ESIF/EBRD Water Sector Financing Framework

Schoenherr has advised Austria's HS Timber Group and Blue Minds IF on their February 28, 2020 acquisition of Interfloat Corporation and GMB Glasmanufaktur Brandenburg GmbH. Closing, which remains contingent on regulatory approval, is expected in the first half of 2020.

Read more: Schoenherr Advises HS Timber Group and Blue Minds IF on Acquisition of Interfloat

After much rescheduling and protraction, the long-awaited new Trademark Act was finally adopted on 24 January 2020 and came into force a week later. The new law introduces a number of fundamental changes, eliminating certain shortcomings of the previous law, allowing for more efficient protection and further harmonisation of Serbia's legislation with EU law.

Read more: Serbia Introduces Opposition System: A Major Leap Towards More Harmonised Trademark Law

Hungarian hospitals are facing problems paying for drugs and medical devices. Many suppliers have claims worth millions of euros and are having difficulty enforcing them against either the hospitals or the Hungarian government.

Read more: Hungarian Government Settles Pharma Debts: An Opportunity for Factoring Companies?

Schoenherr Advises Fintur on Sale of Moldcell to CG Cell Technologies

Schoenherr has advised Fintur Holdings B.V. on its USD 31.5 million sale of its 100% holding of Moldcell S.A., to CG Cell Technologies DAC. Gladei & Partners advised CG Technologies.

Read more: Schoenherr Advises Fintur on Sale of Moldcell to CG Cell Technologies

On January 1, 2016, Poland revamped its legal framework related to the restructuring of financially distressed businesses with a brand-new Restructuring Law and significantly-amended Bankruptcy Law. The Polish restructuring (and broadly speaking insolvency) framework is now governed by two separate legal acts: the Restructuring Law, which deals with the financial restructuring of indebted companies and businesses, and the Bankruptcy Law, which focuses on the orderly liquidation of the assets of companies and businesses without feasible options to restructure their debts and continue their operations.

Read more: The Restructuring Framework in Poland

Schoenherr has advised Kommunalkredit Austria AG, the arranger and original lender, on Czech and Slovak acquisition financing provided to Enery Development for the acquisition of six 21 MW solar power plants in the Czech Republic and two 4 MW solar power plants in the Slovak Republic from Czech fund Green Horizon Renewables. CMS reportedly advised Enery and Badokh reportedly advised Green Horizon Renewables.

Read more: Schoenherr Advises Kommunalkredit Austria on Financing for Enery Development Solar Plant...

CEE is a highly-fragmented market. What sounds like a dull geographical statement actually highlights the main challenge of being a lawyer working in a regional CEE law firm.

Read more: Guest Editorial: Hear and Dare – Reflections of an Austrian Lawyer Working in C/SEE

The four-eyes principle is an effective way for companies to control management dealings. It is based on the idea that the company must be represented by two people acting jointly, usually two members of the statutory body.

Read more: The Four-Eyes Principle: Joint Representation of Executive Directors and Proxyholders

Schoenherr, in cooperation with BonelliErede, advised Covivio on the acquisition of eight luxury hotels in Europe from Varde Partners, a global alternative investment firm, for EUR 573 million. Varde was reportedly advised by Italian firms Gianni Origoni Grippo Cappelli and Partners and Ludovici Piccone and Partners.

Read more: Schoenherr Advises Covivio on Purchase of Hotels from Varde Partners

May you resell a book that you have previously purchased? Of course. However, from a copyright perspective the reasoning is not as easy as one might think, since purchasing a copyrighted work like a book means purchasing the paper but not the rights to the content, which is the intellectual property of the author.

Read more: Impacts of the CJEU's E-book Decision on the Trade with Digital Goods

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu