CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Schoenherr has advised ProPellets Austria on a dawn raid by the Austrian Federal Competition Authority and its subsequent investigation into the Austrian pellets market.
We can all think of names like Champagne or Feta cheese that are intrinsically linked to the geographical origin of a product and the know-how of its producers, often passed on over many generations.
Schoenherr has announced it is promoting Iustin Armasu, Christoph Cudlik, Michael Marschall, and Teresa Waidmann to Partners, as of February 2024.
The Hungarian Competition Authority (HCA) recently published a draft report on its findings based on an accelerated sector inquiry into Hungary's online accommodation booking market. The sector inquiry was launched on 24 August 2023 after the HCA received numerous complaints during the peak summer holiday season about the practices of Booking.com, a key market player, for withholding payments to accommodation providers.
Some significant amendments to the Hungarian Competition Act have entered into force. The Hungarian Competition Authority (HCA) has been very active recently in various sectors. This summary briefly describes the most important changes. Some of the changes require an update to the compliance materials for Hungary.
Kinstellar and Schoenherr have announced that PowerChina's acquisition of a 51% stake in the Vetrozelena wind farm from CWP Europe has now closed.
On November 3, 2023, Zivkovic Samardzic announced that the sale of Eurobank Direktna Beograd to AIK Banka (reported by CEE Legal Matters on March 8, 2023) had closed upon receipt of the necessary regulatory approvals.
Deloitte Legal has advised Immofinanz on its sale of office properties in Wienerberg, Vienna, to S Immo. Dorda reportedly advised Immofinanz as well. Schoenherr reportedly advised S Immo.
Schoenherr, working with Kirkland & Ellis, has advised Davis-Standard on its acquisition of the Extrusion Technology Group from Dutch investor Nimbus. Allen & Overy reportedly advised Nimbus on the deal.
Boyanov & Co has advised the Aurelius Group on its acquisition of Lufthansa’s catering operations in Bulgaria. Schoenherr advised Lufthansa.
The world has seen a significant shift towards sustainable energy sources in recent years. One of the most promising and rapidly growing sectors in the renewable energy industry is offshore wind parks. These structures that use the power of wind over the open seas are quickly gaining popularity as part of the global effort to combat climate change. This article will explore the global trend of offshore wind parks and shed light on Montenegro's potential in this eco-friendly energy source with a special focus on fixed-bottom wind parks.
DLA Piper has advised Romanian grain and oilseed trader East Grain on the sale of a majority stake in the company and its Hungarian subsidiary to the Czech Republic's Agrofert group. Schoenherr advised the buyer.
Despite limited summer market activity, optimism prevails in Romania, with Schoenherr Partner Narcisa Oprea citing a successful EUR 1.9 billion IPO and increased private sector interest amid quite a few likely regulatory improvements still to come.
Havel & Partners has advised Turk Electronik Para on its acquisition of Twisto Payments from Australia's Zip. Schoenherr reportedly advised Zip.
Schoenherr has advised the BHM Group on the share-deal acquisition of the Trencin Industrial Park in Slovakia and related financing. Kinstellar advised the Nova Real Estate investment fund on the sale.
Can one or more of a company's shareholders claim that a transfer of shares to third parties by other shareholders is null, even if the claimants were not interested in acquiring those shares? And when faced with such a claim, would Romanian courts rule in favour of the claimant? A recent court ruling has answered both questions with a resounding "yes", opening new horizons in M&A-related matters in Romania.
Schoenherr, working with Hamburg's Lawentus, has advised Frankfurt-listed Beta Systems Software on the full acquisition of Polish software company InfiniteData from its founders. Domanski Zakrzewski Palinka reportedly advised the sellers.
Schoenherr has advised the Erste Bank on the legal implementation of the Financial Health Prototype text-based chatbot.
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.
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