CEELM: First, congratulations on winning the Deal of the Year award in Austria!
Austria: Latest Developments in the Real Estate Market
The Austrian real estate market has been characterized by steady growth over the last decade, driven by a strong economy, low-interest rates, and increasing demand from both local and foreign buyers.
Must-have Soft Skills for the GC of Tomorrow
Alexey Amvrosov, Lead Counsel for IBM Consulting in CEE, based in Vienna, highlights the soft skills that will differentiate successful legal leaders from those less so.
Herbst Kinsky Advises Froots on Second Financing Round
Herbst Kinsky has advised Lifetree Asset Management – Froots – on its second financing round which saw Gregor Schlierenzauer and Ronald Holzmann join existing investors Georg Kapsch, Andreas Treichl, Gina Goess, and Reinhold Baudisch, with the company raising over one million euros.
A Closer Look: Wolf Theiss' Matthias Schimka on the EUR 2 Billion Financing for the Benteler Group
On May 22, 2023, CEE Legal Matters reported that Wolf Theiss, working with Milbank, had advised the initial purchasers and lenders on Salzburg-based Benteler Group’s capital market debut issuance and loans amounting to over EUR 2 billion. CEELM reached out to Wolf Theiss Partner Matthias Schimka to learn more about the matter.
E+H Advises EcoWind on Sale of 26-Megawatt Carinthian Wind Farm Portfolio
E+H has advised EcoWind on the sale of the Steinberger Alpe wind farm and the Soboth wind turbine to Kelag in an international bidding process.
Taylor Wessing Advises SkySpecs on Acquisition of i4SEE
Taylor Wessing has advised wind energy technology company SkySpecs on the acquisition of i4SEE.
Cerha Hempel Advises OMV on Sale of Avanti Service Stations in Germany to PKN Orlen
Cerha Hempel has advised OMV on the sale of its Avanti-branded service stations in Germany to PKN Orlen Group's Orlen Deutschland.
SHB Law Office Simon Harald Baier Opens Doors in Vienna
Former PwC Legal Attorney at Law Simon Baier has launched the eponymous SHB Law Office Simon Harald Baier.
Rautner Advises Gugelsolar and Erste Bank on PV System Construction and Financing
Rautner Rechtsanwaelte has advised Gugelsolar GesmbH and Erste Bank on their construction and financing of the Sonnenfeld Pellendorf agri-photovoltaic system as an addition to the existing Gugelberg wind farm.
Binder Groesswang and Cerha Hempel Advise on PAI Partners Acquisition of Savory Solutions Group
Binder Groesswang, working with Willkie Farr & Gallagher, has advised PAI Partners on its acquisition of NovaTaste – formerly the Savory Solutions Group – from International Flavors & Fragrances. Cerha Hempel, working with Cleary Gottlieb, advised the seller.
Banking & Finance in Austria
Contributed by Act Legal WMWP Rechtsanwalte.
Fieldfisher Opens Office in Vienna
Fieldfisher opened an office in Vienna on June 1 with former SCWP Schindhelm Partners and by integrating Meissner & Passin.
The Foreign Subsidies Regulation Insight Series
Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market (the "FSR") will become applicable this year on 12 July and 12 October (for M&A notifications) respectively.
Wolf Theiss Advises Erste Bank on Sale of Velenjka Shopping Center
Wolf Theiss has advised Erste Group Bank on WG Projektiranje’s sale of the Velenjka shopping center in Velenje, Slovenia, to Velenjka doo. The Ptuj-based Mayr law firm reportedly advised the buyer.
Serbian Government to Launch a Strategic Partnership Tender for Self-Balancing Solar Power Plants
EPS (Elektroprivreda Srbije) seeks a strategic partner to design, build, fund, operate and maintain at least 5 new solar power plants.
Dominik Zimm Appointed Equity Partner at DSC
Former Partner Dominik Zimm has been elevated to an Equity Partner position at DSC Doralt Seist Csoklich.
Hule Bachmayr-Heyda Nordberg Advises Dr. Rinner & Partner on Sale to Assepro Austria
Hule Bachmayr-Heyda Nordberg has advised Dr. Rinner & Partner on its sale to Assepro Austria. Binder Groesswang reportedly advised Assepro.