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Weinhold Legal has advised Momentum on the sale of Jansen Display Group, a Czech manufacturer of promotional display hardware and signage systems, to the Sign-Zone, LLC. Wolf Theiss advised Sign-Zone on the acquisition.

After a valuable and information-rich day of panel discussions on important business development and law firm management topics, participants reconvened that evening (and were joined by several dozen newcomers) at the first ever CEE Legal Matters Annual Banquet and Deal of the Year Awards Ceremony – a celebration of CEE’s legal markets and the lawyers who work within them. Awards were presented for 17 qualifying markets in CEE – plus a surprise award for overall CEE Deal of the Year – with many of the lawyers playing key roles in nominated deals joining the celebration.

Wolf Theiss has advised Raiffeisenlandesbank Vorarlberg on its first issue of a EUR 500 million bond. The bond has a tenor of 7 years and a coupon of 0.500 percent per annum. The banking consortium responsible for placing the bond on the international capital market, was represented by Weber & Co.

Among the biggest challenges in Bosnia and Herzegovina is attracting foreign investment, says Naida Custovic, Partner at Law Office Custovic in Cooperation with Wolf Theiss. “Our economy relies heavily on foreign investments,” she says. “Unfortunately our legal system and overall investment climate is not yet satisfactory.”

Eisenberger & Herzog, in cooperation with the London office of Milbank, Tweed, Hadley & McCloy, has advised a group of creditors of Steinhoff Holdings’ subsidiary Hemisphere Properties on its sale of Kika/Leiner property assets in Austria and several other CEE countries to the Signa Group. Steinhoff was counseled by Fellner Wratzfeld & Partner and Gleiss Lutz, and Hemisphere was advised by Clifford Chance and Wolf Theiss. The Signa Group was advised by Arnold, while Kika/Leiner was represented by Schoenherr, Urbanek Lind Schmied Reisch, and Preslmayr.

A new buzzword has reached the Real Estate world and its service providers, including the legal community: “PropTech.” PropTech – or “Property Technology” – is simply shorthand for various IT applications that are specifically designed to address the needs of the real estate industry.

Wolf Theiss has advised international tech investor TCV on its investment in Vienna-based travel start-up TourRadar, which was represented by Herbst Kinsky. Endeit Capital, Hoxton Ventures, and Cherry Ventures also formed part of the USD 50 million funding round, with Endeit Capital advised by Schoenherr.

“Since 2017 the real estate market in Austria has been quite steady, and we’ve seen a lot of cash inflow and a lot of demand ⎯ in particular for offices,” reports Birgit Kraml, Partner in Wolf Theiss Vienna’s Real Estate & Construction team. She adds that yields are rather low, with four percent considered good.

Wolf Theiss at a Glance

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

Firm's website: http://www.wolftheiss.com/