BPV Huegel has advised Microsoft venture fund M12 and Point72 Ventures on their USD 20 million investment into Blackshark.ai. KPMG Law advised Blackshark. Orrick, Herrington & Sutcliffe reportedly advised M12 as well.
Radovanovic Stojanovic & Partners and Cerha Hempel have advised AIK Banka, Gorenjska Banka, and Agri Europe Cyprus on their acquisition of Sberbank Europe’s shares in six CEE banks. Noerr advised the buyers on Hungarian law, while Maric & Co, Zuric and Partners, Tos & Partners, and Egorov Puginsky Afanasiev & Partners reportedly advised the buyers on Bosnian, Croatian, Slovenian, and Russian matters, respectively.
Schoenherr has advised European Rail Rent on its partnership with new co-shareholder Antin Infrastructure Partners. Bird & Bird advised ERR in Germany, while Freshfields Bruckhaus Deringer advised Antin on the deal.
On 2 November 2021 the Austrian Financial Market Authority (FMA) published its long-awaited amended Online Identification Regulation (Online-Identifikationsverordnung, "Online-IDV"). The FMA herewith enables financial service providers subject to the KYC obligations of the Financial Market Anti-Money Laundering Law (Finanzmarkt-Geldwäschegesetz; "FM-GwG") to use purely biometrical processes for remote identification of new customers. Biometrical identification processes are all procedures for online customer identification where the entire or parts of the online identification are carried out by an automated electronic procedure without the involvement of employees – there is no need for personal contact in the whole remote identification process anymore.
Schoenherr has announced the appointments of Austria-based Miriam Simsa, Bulgaria-based Alexandra Doytchinova and Czech Republic-based Vladimir Cizek to Equity Partners. The firm also promoted Austria-based Dominik Hofmarcher and Slovakia-based Sona Hekelova to Partners.
PHH, working with Freshfields Bruckhaus Deringer, has advised the shareholders of life sciences company Szabo-Scandic Handelsgmbh on its sale to the Nordic BioSite Group. Wolf Theiss and White & Case advised Nordic BioSite on the deal.
Gas is of particular economic importance for Austria. In addition to production, infrastructure (including the Baumgarten gas hub), transportation, trade, and supply-secure coverage of gas demand play a major role. Yearly demand of roughly 80 to 90 terawatt-hours, constant over the last ten years, is generated by the manufacturing and energy sectors, non-energy consumption, agriculture, private households, power plants as conversion applications, transport, and the service sector. With a share of about 15%, gas also plays an important role in Austria’s electricity generation, primarily by providing flexible capacities that can be utilized at short notice to stabilize the power grid.
CMS has advised plastic packaging and recycling company Alpla on its acquisition of the Wolf Plastics Group. Binder Groesswang advised the sellers on the deal.
Schoenherr has advised Swiss investment company Nice & Green on the up to EUR 5.4 million convertible note funding program for Vienna Stock Exchange-listed Marinomed Biotech. Herbst Kinsky advised Marinomed.
BPV Huegel has advised the German Wurth Group on the acquisition of the family-owned Upper Austrian C.I.C.M.P. Vertriebs-GmbH. Hochleitner Rechtsanwalte reportedly advised the seller.
Freshfields Bruckhaus Deringer advised Apera and the super senior banks on the financing of pharmaceutical company Euro Vital Pharma Group. Taylor Wessing has advised the borrower. PRK Partners reportedly advised the lenders on the deal.