Schoenherr has advised Red Bull and Arbeitsgemeinschaft Teletest (AGTT) on the establishment of a joint venture.
Trademarks: The Classification of "Virtual Goods" in Trademark Applications
Trademark professionals have noted growing interest in protecting trademarks for "virtual goods". This leaves trademark specialists as well as IP offices grappling with how to correctly classify these goods.
Schoenherr and Baker McKenzie Advise on ARZ's Sale to Accenture
Schoenherr has advised the sellers on the sale of ARZ Allgemeines Rechenzentrum to Accenture. Baker McKenzie advised the buyer.
New Special Taxes in Hungary To Improve the State’s Income
On 4 June 2022 the Hungarian government issued a decree introducing special taxes affecting several sectors, among others banking, insurance, energy, telecommunications and airlines.
Austrian Market Adapting to the New Realities of the Taxonomy
With the world slowly reaching what many scientists label “a point of no return” for climate change, countries worldwide are doing their best to combat environmental damage. To that end, the European Union has developed climate and energy targets for the upcoming decade, stating that it is “vital that we direct investments towards sustainable projects and activities.”
In Search of a New Energy Normal (Part 2) – What’s the Plan?
Energy prices have been a salient issue in CEE for the past year. Part 1 of this article covered just how high the energy prices had climbed in Bulgaria, the Czech Republic, Moldova, Montenegro, Poland, and Turkey, the impact of those prices on people, businesses, and governments, as well as the reasons why some countries fared better than others. Then Russia’s war against Ukraine changed everything, making a new energy pricing normal seem more distant than ever. In Part 2 we look at what energy experts believe could alleviate the situation and whether the war has impacted those plans.
Bulgaria: Contractual Set-Off as a Quasi-Security in Commercial and Financial Transactions
The Supreme Court confirmed parties' freedom to contractually modify any of the prerequisites for set-off under Bulgarian law, thus permitting various quasi-security arrangements in commercial and financial contracts that creditors may avail themselves of.
Hungarian National Bank and European Investment Bank Agree to Boost Green Financing
The European Investment Bank (EIB) will support Hungarian green financing with long-term forint-denominated loans. The cooperation agreement, which was entered into this May and allows the EIB to provide more fixed-rate long-term loans in Hungarian forints to the local economy, aims to boost sustainable economic and social growth, the post-pandemic recovery and climate action in Hungary. It is the EIB's response to growing market demand for local currency lending in EU Member States that are not part of the euro area.
Schoenherr Advises MedAustron on EIA for Treatment Room
Schoenherr has advised Austrian cancer treatment and research center MedAustron on the environmental impact assessment for the commissioning of a fourth treatment room.
Schoenherr and E+H Advise on Storyblok's USD 47 Million Series B
Schoenherr has advised Austrian scale-up Storyblok on its USD 47 million Series B financing round led by Mubadala Capital and HV Capital, with 3VC and Firstminute Capital also participating. E+H advised HV Capital on its investment.
Schoenherr Advises HS Timber on Luvian Saha Acquisition
Schoenherr, working with Hannes Snellmann, has advised HS Timber Group on the acquisition of Luvian Saha. Castren & Snellman reportedly advised the seller.
Hot Practice in the Czech Republic: Vladimir Cizek on Schoenherr’s Corporate/M&A Practice
Schoenherr’s busiest practice, according to Partner Vladimir Cizek, has been Corporate/M&A, with a lot of activity involving banking and financial services, technology targets, and healthcare and life sciences in the last 12-plus months. Cizek explains that technological advancement, the COVID-19 pandemic, and the increasing demand for businesses to grow have contributed to increased activities in these sectors.
Schoenherr Advises HS Timber and Blue Minds on Sale of Interfloat to Borosil Renewables
Schoenherr has advised the HS Timber Group and Blue Minds on their sale of the Interfloat Corporation and Glasmanufaktur Brandenburg to Borosil Renewables.
Recent Legal Developments in the Liquidation of Sberbank Hungary
The Hungarian Government issued a decree that amends certain provisions of the bank's liquidation proceedings. The decree entered into force on 15 April, and it affects the solvent liquidation of Sberbank Hungary, subsidiary of Sberbank Europe AG, Hungarian member of the Russian Sberbank group.
The Corner Office: Favorite Professor
In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: Who was your favorite professor in university and why?
Paradigm Shift in Austrian Crypto Taxation
The pioneering Austrian legislator is breaking new ground in the area of crypto taxation. Income from cryptocurrencies will no longer be taxed progressively, at up to 55% for individuals, but at a flat rate of 27.5% withholding tax. With these rules, the Austrian legislator has brought clarity to the taxation of crypto assets for the first time and has responded to the increased practical relevance of cryptocurrencies and the need to tax them in line with securities. The previous taxation of crypto assets was mainly based on non-binding information from the homepage of the Austrian Ministry of Finance.
In Search of a New Energy Normal (Part 1)
In the past twelve months, energy prices seem to have taken a life of their own. Their continued and, at times, shocking growth has raised concerns across the region and prompted differing responses and policy changes in each country. To get a more accurate picture of recent developments, we reached out to experts in Bulgaria, the Czech Republic, Moldova, Montenegro, Poland, and Turkey and asked them about the current energy prices, their impact on local economies, the drivers behind their growth, and whether any plans were in place to address the issue.
Schoenherr and Tzvetkova & Partners Advise on NTT Data Business Solutions' Acquisition of Business Services and Technologies
Schoenherr and Stuttgart-based Oppenlaender Rechtsanwaelte have advised NTT Data Business Solutions on its acquisition of Business Services and Technologies. Tzvetkova & Partners advised the shareholders of Business Services and Technologies.