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 Advises Turk Electronik Para on Acquisition of Twisto Payments from Zip
Havel & Partners has advised Turk Electronik Para on its acquisition of Twisto Payments from Australia's Zip. Schoenherr reportedly advised Zip.
Schoenherr and Kinstellar Advise on BHM Group Acquisition of Trencin Industrial Park
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.
Romania: Who (Else) Can Claim the Nullity of a Share Transfer?
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 Advises on Beta Systems Acquisition of Poland's InfiniteData
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 Advises Erste Bank on AI-Based Financial Tool Implementation in Austria
Schoenherr has advised the Erste Bank on the legal implementation of the Financial Health Prototype text-based chatbot.
Did You Know: 2023 Nine-Month Law Firm Leaderboard
Did You Know that the ten firms that have worked on the most client matters reported by CEE Legal Matters through Q3 of 2023 are equally divided between international and regional powerhouses? According to the Activity Rankings function of the CEELMDirect website, Magic Circle-member Clifford Chance, which has worked on a remarkable 66 deals reported by CEE Legal Matters in the first nine months of 2023, leads the pack, but Vienna-based Schoenherr is close behind with 64.
Schoenherr and Wolf Theiss Advise on Wienerberger EUR 350 Million Issuance of Sustainability-Linked Bonds
Schoenherr has advised Wienerberger on its EUR 350 million issuance of 4.875% sustainability-linked 2023-2028 bonds. Wolf Theiss advised joint lead managers and bookrunners Commerzbank, Danske Bank, Erste Group Bank, and UniCredit Bank.
Schoenherr and CMS Advise on BHS Private Equity Fund Acquisition of Altran
Schoenherr has advised the BHS Private Equity Fund on participating in the acquisition of Altran alongside BHS's general partner Versute Investments and Altran managers Petr Havlik, Jaromir Kejval, and Milan Krovina. CMS advised the Capgemini group on the sale. Arrows reportedly advised the managers on the deal.
Igor Zivkovski Joins Schoenherr in Belgrade as Local Partner
Former Zivkovic Samardzic Partner Igor Zivkovski has joined Schoenherr’s Serbian affiliate Moravcevic, Vojnovic i Partneri as a Local Partner.
Beyond Banks: Non-Banking Financial Landscape in CEE
Tuca Zbarcea & Asociatii Partner Gabriela Anton, Gecic Law Counsel Miodrag Jevtic, ACI Partners Head of Banking/Finance Marina Zanoga, Avellum Managing Partner Mykola Stetsenko, NazaIi Tax & Legal Partner Nilay Goker Duran, PRK Partners Senior Attorney-at-Law Norbert Hink, and Schoenherr Bulgaria Local Partner Tsvetan Krumov look at how the financial services landscape in the CEE region has been shifting, as local non-banking financial institutions (NBFIs) are gradually gaining ground in an area historically dominated by the banking sector.
CEELM Top 10: Most-Read Interviews
The CEELM Top 10 series looks back over the past ten years and celebrates the milestones we have achieved together. The list below highlights the most-read interviews, with a short description of each.
New Obligations Related to the Introduction of Whistleblowing in the Czech Republic
After several unsuccessful attempts, the Czech Republic has finally adopted a law that introduces institutional protection for whistleblowers in accordance with European legislation. The Whistleblower Protection Act (Act) will come into force on August 1, 2023.
Schoenherr and Karanovic & Partners Advise on Sale of Maxbet to Flutter Entertainment
Moravcevic Vojnovic and Partners in cooperation with Schoenherr has advised the shareholders of Maxbet on the sale of a 51% stake in the company to Flutter Entertainment for a cash consideration of EUR 141 million. Karanovic & Partners, working with Arthur Cox, advised Flutter Entertainment.
What Changes Will the Czech Republic's New Preventive Restructuring Act Bring to Debtors and Creditors?
After a delay of more than a year, an act on preventive restructuring (the "Act") implementing the EU directive on preventive restructuring frameworks finally became effective in the Czech Republic on 23 September 2023. The long-awaited Act introduces a brand-new legal tool preventing the insolvency of viable enterprises in temporary financial distress.
Brandl Talos and Schoenherr Advise on Series A Financing Round of Kern Tec
Brandl Talos has advised Telos Impact on leading the EUR 12 million series A financing round of Kern Tec. Schoenherr advised EIC.
German Supply Chain Due Diligence Act: Implications for Serbian Companies and Supply Chain
The German Supply Chain Due Diligence Act is a major advancement in the supply chain network, improving international human rights and environmental standards across the board. It focuses on issues of child labour, health and safety standards, and the role of trade unions, and will have substantial effects on all relevant parties concerned due to its scope and importance. For instance, the Act bans all sorts of conduct from discrimination to forced labour. Serbia in particular will be considerably impacted, since Germany is the country's largest trade partner.
Graf Patsch Taucher and Schoenherr Advise on ZetaDisplay Acquisition of Peakmedia Digital Signage
Graf Patsch Taucher has advised Sweden's ZetaDisplay AB on its acquisition of Austrian digital signage integrator Peakmedia Digital Signage. Schoenherr advised Peakmedia's founders on the sale.