Dentons has advised the Board of Directors of Purcari Wineries on the RON 604 million public takeover bid launched by Maspex Romania. Schoenherr advised the founders of the winery. CMS, working with Turcan Cazac and Georgiades & Pelides, advised Maspex. Norton Rose Fulbright advised PKO Bank Polski on a loan facility to Maspex Romania to support the acquisition.

Schoenherr, working with Sidley Austin, has advised Preservation Capital Partners on the sale of its majority stake in Hanseatic Broking Center to Bridgepoint. Kirkland & Ellis advised Bridgepoint.

The end of July brings much-anticipated news, as the FDI Guidelines were published on 30 July and have now entered into force. We previously examined the draft Guidelines proposed by the authority back in February (see here) and are now analysing the changes introduced by lawmakers in the final version that are particularly relevant for practitioners.

The Federal Administrative Court (BVwG) has, for the first time, addressed the question of whether the EU Nature Restoration Regulation (NRR) applies in permitting procedures (BVwG 9 May 2025, W270 2279107-1).

Deloitte Legal has advised Value One on the sale of its Milestone student housing brand to Macquarie Asset Management. Greenberg Traurig and Schoenherr, working with PLMJ, advised Macquarie Asset Management.

Schoenherr has advised Kommunalkredit Austria on a EUR 29.3 million loan to INVL Renewable Energy Fund I to finance the construction of a 71-megawatt solar power plant portfolio in Dolj County, Romania. 

On 11 July 2025, Governmental Decision 437/2025 ("GD 437/2025") was published and entered into force. Through this piece of secondary legislation, the Moldovan Government has approved new rules governing the procedure for the prior examination and approval of investments of importance to state security. GD 437/2025 is intended to supplement the provisions of the recently updated FDI Law. But will this actually make things easier for existing and future investors?

Schoenherr has advised HPI GMA, operating under the Trasti brand, on a EUR 21 million equity investment from the European Bank for Reconstruction and Development and Zavarovalnica Triglav. Dentons advised EBRD and Triglav. DLA Piper reportedly also advised Triglav.

On 27 June 2025, the Assembly of North Macedonia adopted a new Electronic Communications Act (ECA). This landmark legislation represents a comprehensive overhaul of the country's digital regulatory framework, aligning it with the European Electronic Communications Code (Directive 2018/1972) (the "Directive") and the Gigabit Infrastructure Act (Regulation 2024/1309) (the "Regulation").

The long-awaited Bulgarian foreign direct investment (FDI) screening regime is now fully operational.

CMS has advised Inter Europol on its acquisition of Pan-Pek from Enterprise VII private equity fund. Schoenherr advised the sellers.

The legal framework for the construction of wind turbines in Carinthia, Austria has been fundamentally altered by the latest amendment to the Carinthian Spatial Planning Act[1] (Kärntner Raumordnungsgesetzes, K-ROG). The amendment introduces several significant (temporary) changes that affect various aspects of the approval and construction of wind turbines.

Artificial intelligence (AI) is entering the medical sector more and more boldly, transforming the healthcare system and changing the way patients and doctors communicate and how the process of caring for patients' health looks. One of the most exciting tools of this revolution are medical chatbots – AI-based programmes that support both patients and professionals by automating many tasks and offering personalised assistance.

Moravcevic Vojnovic and Partners in Cooperation with Schoenherr has advised UniCredit Bank Serbia and Structured Invest on the establishment of UniCredit Invest JSC, a UCITS management company licensed in Serbia.

Schoenherr has advised Exadel on its acquisition of the IT business of Anthill. Tzvetkova, Tzvetkov & Dobreva advised Anthill.

Given the growth of the Bulgarian pharmaceutical retail sector, it is essential to understand the legal framework governing the operation of pharmacies, drugstores, cosmetics counters and optical retailers. Each of these types of businesses is subject to specific regulatory requirements designed to safeguard public health, ensure quality control and maintain compliance with both national and EU legislation.

Schoenherr has advised CRH on its acquisition of the stone materials production business of Croatia’s Kufner Group. Madirazza & Partners advised Kufner Group.

Wolf Theiss, working with Clifford Chance, has advised Supernova Invest on the issuance of EUR 550 million senior notes due 2030. Linklaters and Schoenherr reportedly advised the bank syndicate involved.