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Eisenberger + Herzog, working with Allen & Overy Germany, has advised the Riverside Company on the acquisition of GFP Handels by its portfolio company Toolport. V. Keussler Rechtsanwalte and GDB Rechtsanwalte reportedly advised the seller.

PHH has advised the MM Group on a EUR 65 million syndicated loan for the reconstruction of the cardboard machine at its Neuss site. Noerr's Frankfurt office reportedly advised IKB Deutsche Industriebank AG on the deal.

Binder Groesswang has advised Cryoshelter GmbH on the entry of Hexagon Composites ASA into its liquid natural gas business segment and the entry of Hexagon Purus ASA into its liquid hydrogen business segment via a minority shareholding with an option for acquiring all shares. SCWP Schindhelm advised Hexagon on the deal.

CEE Legal Matters spoke with CMS Partners Alexander Rakosi, Horea Popescu, Philipp Mark, and Tetyana Dovgan about the impact the rise of ESG is having on the M&A landscape.

The pioneering Austrian legislator is breaking new ground in the area of crypto taxation. Income from cryptocurrencies will no longer be taxed progressively, at up to 55% for individuals, but at a flat rate of 27.5% withholding tax. With these rules, the Austrian legislator has brought clarity to the taxation of crypto assets for the first time and has responded to the increased practical relevance of cryptocurrencies and the need to tax them in line with securities. The previous taxation of crypto assets was mainly based on non-binding information from the homepage of the Austrian Ministry of Finance.

CEE Legal Matters readers will likely be familiar with Patricia Gannon as one of the founders of Karanovic & Partners. Since her withdrawal from the firm (reported by CEE Legal Matters on September 21, 2020), Gannon ran her own "holistic strategic advisory business" (as reported on October 12, 2020) and, recently, she announced she is working on a new social media app for lawyers – Platforum 9. We caught up with her to learn more about her new project.

In a recently published decision (OGH 4 Ob 145/21h) the Austrian Supreme Court ruled that an auditor who neglects due diligence and therefore issues an incorrect audit opinion shall be liable for damages to a third party who relies on the correctness of such an audit opinion and suffers damages resulting from such reliance.

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