Contributed by Act Legal WMWP Rechtsanwalte.

Fieldfisher opened an office in Vienna on June 1 with former SCWP Schindhelm Partners and by integrating Meissner & Passin.

Regulation (EU) 2022/2560 on foreign subsidies distorting the internal market (the "FSR") will become applicable this year on 12 July and 12 October (for M&A notifications) respectively.

Wolf Theiss has advised Erste Group Bank on WG Projektiranje’s sale of the Velenjka shopping center in Velenje, Slovenia, to Velenjka doo. The Ptuj-based Mayr law firm reportedly advised the buyer.

EPS (Elektroprivreda Srbije) seeks a strategic partner to design, build, fund, operate and maintain at least 5 new solar power plants.

Former Partner Dominik Zimm has been elevated to an Equity Partner position at DSC Doralt Seist Csoklich.

Hule Bachmayr-Heyda Nordberg has advised Dr. Rinner & Partner on its sale to Assepro Austria. Binder Groesswang reportedly advised Assepro.

Wolf Theiss, working with Milbank, has advised the initial purchasers and lenders on Salzburg-based Benteler Group’s capital market debut issuance and loans amounting to over EUR 2 billion.

Graf Patsch Taucher, working with Bird & Bird, has advised EFESO Management Consultants on the acquisition of shares in Tsetinis Consulting. KPMG Legal Germany reportedly advised the sellers.

Contributed by Schoenherr.

While allegations of corruption continue to make headlines in Austria, the Ministry of Justice responded in January with draft legislation on the Corruption Law Amendment Act 2023.

Brandl Talos has advised Creandum on its USD 20 million investment in Prewave. Act Legal WMWP advised Prewave.

Schoenherr, working with Luther and Hogan Lovells, has advised the Cargo-Partner Group Holding on its EUR 1.4 billion sale of Cargo-Partner GmbH and 60 other subsidiaries to Nippon Express Holdings. Freshfields Bruckhaus Deringer advised the buyer.

Cerha Hempel has advised majority shareholder Talents Squared Limited on the sale of a 90% stake in Modul University Vienna to a subsidiary of the Hungarian Mathias Corvinus Collegium. Brauneis reportedly advised Modul minority shareholder Wirtschaftskammer Wien. Illes Geza Marton and Graf Isola reportedly advised the Mathias Corvinus Collegium.

Brandl Talos has advised European climate technology-focused fund Climentum Capital on leading a EUR 4.5 million seed investment round for Fermify.

Wolf Theiss has advised hospitality sector software provider Hospitality Software Solutions on its acquisition of SiTec. 

Former Counsel Nicole Daniel has been promoted to a Partner position in DLA Piper's Austrian office.

Wolf Theiss has advised financial technology start-up BehaviorQuant Behavioral Finance Technologies and its US and French investors on a seed funding round.