Cerha Hempel has advised Raiffeisen Immobilien KAG on its acquisition of a business center in Kirchberg am Wagram, Lower Austria, for the R320 special real estate fund. Weik Attorneys-at-Law reportedly advised the seller.
Schoenherr, working with Travers Smith and Roschier, has advised Inflexion on the acquisition of a majority stake in European financial technology company Nomentia from PSG Equity and Verdane.
This article is part of a series on developments in Austrian environment and climate change law in 2022 and, in particular, focuses on case law developments. For further details on legislative developments see, "Key developments in Austrian environment and climate change law in 2022: part one – legislation".
A spectre is haunting Europe – the spectre of… the Unitary Patent. With Germany having deposited its ratification document on 17 February 2023, this spectre is finally coming to life: the European Patent with Unitary Effect ("Unitary Patent") and the Unified Patent Court ("UPC") system will enter their preparatory phase. The actual launch date (the date as of which Unitary Patents will be in effect and actions can be filed with the UPC) is set for 1 June 2023.
2022 was a busy year marked by the late effects of the covid-19 pandemic and the Russia-Ukraine conflict. The latter has led to the rethinking of energy matters. Austrian legislation in 2022 was, therefore, characterised above all by new developments and amendments in energy law, with a focus on the expansion of renewable energy. This article is part of a series on developments in Austrian environment and climate change law in 2022 and, in particular, focuses on legislative developments.
Schoenherr, working with Raue, has advised Allmyhomes on establishing a joint venture with a consortium of Austrian real estate experts operating as Allmyhomes Venture Partner AT. Frimmel Anetter Schaal reportedly advised the consortium.
On February 13, 2023, E+H announced that Airports Group Europe's increase of stake in the Vienna Airport through a voluntary public offer (reported by CEE Legal Matters on August 16, 2022) had closed.