Baker McKenzie has advised the Delachaux Group, which it describes as "the world market leader in rail infrastructure technology," on its acquisition of a majority stake in Upper Austria's Frauscher Sensortechnik from the Greenbriar private equity fund. Kirlkand & Ellis advised the sellers on the deal, which closed on February 28, 2019. Financial details were not disclosed.
Schoenherr has advised Toyota Motor Europe on the acquisition of Austrian marketing and sales company Toyota Frey Austria from the Frey Holding GmbH. Schindler Attorneys advised the sellers on the deal.
Business Continuity & Crisis Management MasterClass, 21-22 March, 2019 – Vienna, Austria
Schoenherr has advised the Styrian association Styria Vitalis on the registration of its quality seal "Grüner Teller", which the firm claims is "Austria's first registered certification mark."
A specific form of cooperation was introduced in Austria in 2018 and will become effective on January 1, 2019: Upon the taxpayer’s request, an enterprise may opt for a “horizontal monitoring” procedure. This new law was introduced after a pilot project in which internationally renowned enterprises such as Red Bull, Shell Austria, and Infineon Technologies participated (although whether these enterprises will also participate in the new “horizontal monitoring” procedure is not yet known).
On October 29, 2018, leading Austrian law firms Dorda, Eisenberger & Herzog, Herbst Kinsky, PHH, Schoenherr, SCWP Schindhelm, and Wolf Theiss announced their joint launch of the “Legal Tech Hub Vienna”: a non-profit forum for LegalTech companies, start-ups, and other legal market participants to identify innovation potential and work together to implement technological tools appearing ever-more-rapidly on the legal market.
Cerha Hempel Spiegelfeld Hlawati and Law Office Leskovec have advised CA Immo on the sale of the Austria Trend Hotel in Ljubljana to a joint-venture of Slovenian asset manager KD Skladi and German real estate investment manager Peakside Capital. Selih & Partners advised the joint venture on the acquisition.
Neighbours and communities don't like it, but apartment owners love it, because they can multiply their income. Short-term rental to tourists or businesspeople who stay for just a few weeks is very controversial. Both courts as well as the legislative bodies of the Austrian provinces have found ways to restrict it.
CHSH Cerha Hempel Spiegelfeld Hlawati and Cleary Gottlieb Steen & Hamilton have advised OMV on the acquisition of a 15% share in Abu Dhabi Oil Refining Company and a 15% share in a to-be-established trading joint venture involving the Abu Dhabi National Oil Company. Ashurst reportedly advised ADNOC and ADNOC on the deal.