Schoenherr has advised the Catalyst Romania Fund II on a EUR 2 million transaction involving a sports subscription start-up by ESX.
Schoenherr Advises Rhone Capital on Public Cash Offer for RHI Magnesita Stake
Schoenherr, working alongside Sullivan & Cromwell, has advised Rhone Capital on its public cash offer for up to 29.9% of the share capital of RHI Magnesita.
Czech Competition Authority Blocks a Merger: Exception or Start of New Trend?
Last week, the Czech Competition Authority ("CCA") blocked an acquisition of part of První novinová společnost a.s. ("PNS") by Česká pošta, s.p. ("Czech Post"). While it is impossible to foresee the exact future of merger control enforcement in the Czech Republic, what is clear is that the CCA with this decision, whether intentionally or not, has sent a message to the market that it is ready to take the hardest line on a merger if it raises competition concerns. We summarize main details of the case and additional thoughts on its impact below.
Romania Moves Towards Authorising Cryptocurrency Exchanges and Digital Wallet Providers
Cryptocurrency, fiat currency exchange services and digital wallet providers could soon become authorised in Romania. This comes on the heels of the Ministry of Finance publishing a draft government decision that seeks to create the legal framework for the authorisation and operation of these service providers.
Sustainability-linked Loans in Hungary
Sustainability is crucial for ensuring the long-term wellbeing of the planet and future generations. It encompasses responsible practices that preserve natural resources, mitigate climate change, and promote social and economic balance, ultimately creating a harmonious and sustainable world for all.
Schoenherr Advises euShipments.com on Helpship Acquisition in Romania
Schoenherr has advised BlackPeak Capital portfolio company euShipments.com on its acquisition of a majority stake in Romanian e-fulfillment provider Helpship.
What is a Foreign Subsidy?
Regulation (EU) 2022/2560 on Foreign Subsidies (the "FSR") aims to address distortions caused by foreign subsidies in the single market. In this part of our FSR Insight Series, we explain the fundamental notion of what constitutes a "foreign subsidy" within the meaning of the FSR. You will find a basic definition in Article 3 FSR, with some further considerations in recitals 11 to 16 of the Regulation.
Deal Expanded: Schoenherr’s Christoph Moser and Angelika Fischer Talk About the DOTY in Austria
CEELM: First, congratulations on winning the Deal of the Year award in Austria!
Bulgaria: Lease Agreement Trends and Issues
The end of the COVID-19 pandemic led to growth in the commercial real estate market in Bulgaria. So far, the biggest winners are the office, industrial, and logistics sectors, since most investors and retailers are still hesitant about the future of shopping centers. According to the latest reports, the available office space in Bulgaria increased by 7% in the second half of 2022, and more than 180,000 square meters of office space were leased during the same period, the highest amount since 2017.
Positive 2023 Outlook for Hungarian M&A Despite Risk Factors
After a record deal value in 2022, the outlook for M&A in Hungary for 2023 remains positive despite several risk factors. What are they and what could compensate for them? What other factors could have an impact on the current trends?
The Corner Office: Workforce Ebb and Flow
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. Keeping in mind last year’s complexities and the uncertainties ahead, this time we asked: Has your team shrunk or increased in the last 12 months and what are your expectations for 2023?
Schoenherr and OPL Advise on Kinnarps Hungary's Agora Hub Office Lease
Schoenherr has advised Kinnarps Hungary on leasing its new office and showroom headquarters in the Agora Hub Office from HB Reavis. OPL Gunnercooke advised HB Reavis.
Hot off the Press: Romanian FDI Regime Formally Extended to EU Investors
The Romanian FDI regime has formally shifted to a stricter approach, with EU (including Romanian) investors now being specifically covered. We refer to Law No. 164/2023 (the "FDI Law") aimed at implementing and amending Emergency Government Ordinance No. 46/2022 ("EGO 46"), which was published in the Official Gazette of Romania on 7 June 2023.
Did You Know: Ten-Year Banking/Finance Leaderboard in Hungary
Did You Know that a total of 15 partners have worked on multiple reported Hungarian Banking/Finance client matters in the ten years that CEE Legal Matters has been covering the market? The Banking/Finance leaderboard over the past decade is led by CMS Budapest Partner Erika Papp, who has worked on 14 reported Banking/Finance client matters in that time.
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.
Did You Know: Logjam Atop 2023 Leaderboard in Bosnia & Herzegovina
Did You Know that a total of 11 law firm partners have worked on client matters reported by CEE Legal Matters in Bosnia & Herzegovina this year – though none has, as yet, worked on more than one?
Schoenherr Advises Nufarm Hungary on Budapest One Headquarters Lease
Schoenherr has advised Nufarm Hungary on the lease for its new office headquarters in the Budapest One Office building from Futureal Prime Properties.
A New Addition to the Polish Legal System: The Family Foundation
Starting on 22 May 2023, it will be possible to establish and register family foundations in Poland. The Polish legal system will thus be expanded by a new institution that allows assets to be accumulated and managed, and profits to be distributed to beneficiaries. The legislature wished to provide the means for family-owned businesses and their owners to engage in intergenerational wealth management and to grow their wealth over time while protecting it from dispersal to unrelated entities and persons. Hence, family foundations may serve as a means to retain and multiply a family's wealth, independent of inheritance law.