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The European Union is committed to the fight against climate change ("European Green Deal"). One of the pillars in this fight is the expansion of renewable energy sources. According to the current goals, the share of renewable energy sources within the Union should increase to 32% by 2030. In practice, however, the expansion of renewable energy is increasingly being slowed down by the interpretation of EU nature conservation regulations by the European Court of Justice ("ECJ"). Also, the latest decision of the ECJ is no "boost" for renewables. 

Schoenherr has advised joint lead managers Barclays Bank Ireland Plc, Credit Agricole Corporate and Investment Bank, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, and Raiffeisen Bank International AG on the successful issue of EUR 500 million 0.875 % senior non-preferred eligible notes 2021-2026 by Volksbank Wien AG. Wolf Theiss advised Volksbank Wien on the issuance. 

For our Checking In feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. This time around we asked Data Protection experts: Overall, how compliant would you say economic agents are with relevant local regulations on data protection, and what are the main gaps that have yet to be addressed?

With the Act Legal alliance announcing an integrated brand (reported by CEE Legal Matters on March 18, 2021), we spoke with Martin Randa, Managing Partner, Act Legal Czech Republic, Marek Wojnar, Managing Partner, Act Legal Poland, Stefan Botezatu, Managing Partner, Act Legal Romania, and Roman Hager, Partner, Act Legal Austria, to learn more about what the integration of the brand means for the alliance and what its plans are for the future.

Schoenherr has advised joint lead managers DekaBank, DZ Bank, Erste Group, Raiffeisen Bank International, and UniCredit on the successful issue of covered notes by Raiffeisenlandesbank Vorarlberg Waren-und Revisionsverband registrierte Genossenschaft mit beschrankter Haftung. Wolf Theiss advised Raiffeisenlandesbank Vorarlberg on the issue.

Cerha Hempel has advised payment and transaction services provider Worldline and its Luxembourg-based subsidiary, Six Payment Services, on the contribution of its merchant services business in Austria to PayOne, a joint venture of the Ingenico Group and Deutscher Sparkassen. Linklaters reportedly advised Worldline in Germany and Luxembourg and Hogan Lovells reportedly advised Deutsche Sparkassen and PayOne.

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