On 17 December 2024, in a lawsuit brought by a tenant against his landlord for repayment of operating costs and rent increases based on indexation, the Supreme Court ruled (10 Ob 54/24z) that the landlord was obliged to repay the operating costs, but confirmed the validity of the value retention clause and provided some clarification on points that had previously been controversial.
Tiberiu Protopopescu Joins Schoenherr
Former Protopopescu & Partners Founding Partner Tiberiu Protopopescu has joined Schoenherr as a Senior Attorney at Law.
Schoenherr Advises Connectis on Acquisition of SpeedApp
Schoenherr has advised Connectis on the acquisition of SpeedApp. Crido reportedly advised the sellers.
White & Case Advises Lenders on Cellnex Acquisition Financing
White & Case has advised the lenders on the financing for the acquisition of Cellnex's business in Austria. Binder Groesswang reportedly advised the lenders as well. Schoenherr, working with Hogan Lovells, reportedly advised the sponsors.
Schoenherr Advises ImWind and Bloch3 on Obtaining EIA permit
Schoenherr has advised ImWind and Bloch3 on obtaining an environmental impact assessment permit in Austria for the Rustenfeld wind farm.
Serbian Competition Commission Submits Four Draft Proposals to Government for Block Exemption Regulations
On 21 January 2025, the Serbian Commission for Protection of Competition submitted draft proposals to the Government for four new regulations concerning the exemption of certain categories of agreements from the prohibition of restrictive agreements.
Czech Republic: Equal Treatment of Employees in M&A Transactions in Light of Recent Case Law
In M&A transactions, there is often a transfer of activities and a subsequent transfer of rights and obligations under employment law within the meaning of European Directive 2001/23/EC on the approximation of the laws of the Member States on safeguarding employees’ rights in the event of transfers of undertakings, businesses or parts of undertakings or businesses (TUPE transfer). As a result, the seller’s employees who worked in the transferred establishment will transfer to the buyer. If the buyer has existing employees, the working conditions of the original and new employees may differ. These differences can pertain to salaries and benefits. Are they permissible?
TGS Baltic and Schoenherr Advise on Bergs Timber's Sale of Vika Wood to HS Timber’s Nextwood One
TGS Baltic, working with Vinge, has advised Bergs Timber on the sale of its Latvian sawmill business Vika Wood to Nextwood One, part of the Austrian HS Timber group. Schoenherr advised HS Timber on the deal. Cobalt reportedly advised HS Timber as well.
Schoenherr Advises RP Global on Sale of Renewable Energy Portfolio to Alcazar Energy Partners
Moravcevic, Vojnovic and Partners in cooperation with Schoenherr has advised RP Global on the sale of 100 % of the share capital in a portfolio comprising a 200-megawatt onshore wind power project located east of Belgrade and a 768-megawatt pipeline of wind and solar projects in Serbia to Alcazar Energy Partners.
Croatia Set to Introduce Proper FDI Screening Mechanism
The Croatian Government is preparing to establish a comprehensive system for screening foreign direct investments (FDIs) by adopting the new Act on the Screening of Foreign Direct Investments (the "Act").
Schoenherr and Wolf Theiss Advise on Erste Group’s EUR 1 Billion Mortgage Pfandbriefe Issuance
Schoenherr has advised the managers involved on the Erste Group Bank’s issuance of EUR 1 billion 3% mortgage Pfandbriefe due 2032. Wolf Theiss advised the Erste Group Bank.
Recent Changes to Hungary's EPR System: New Sanctions and a Shift from Environmental Product Fees to EPR
In 2023, Hungary introduced the Extended Producer Responsibility (EPR) system, which places the financial responsibility for the waste management of circular products on producers.
Wolf Theiss and Schoenherr Advise on Nokian Tyres' VPPA with Enery in Romania
Wolf Theiss has advised Nokian Tyres on a virtual power purchase agreement with Enery. Schoenherr advised Enery.
Schoenherr and BPV Huegel Advise on Headwall Photonics' Acquisition of EVK DI Kerschhaggl
Schoenherr has advised Headwall Photonics on the acquisition of Austria-headquartered EVK DI Kerschhaggl. BPV Huegel advised the sellers.
Brandl Talos, Herbst Kinsky, and Schoenherr Advise on Graph Therapeutics' USD 3.1 Million Pre-Seed Financing Round
Brandl Talos has advised Graph Therapeutics on a USD 3.1 million pre-seed financing round led by Squareone and Merantix Capital, with participation from NAVEC Investment Management and angel investors, including the Atomico Angel Program. Herbst Kinsky advised NAVEC. Schoenherr advised Squareone. Fladgate reportedly advised the Atomico Angel Program.
Schoenherr, Freshfields, and Binder Groesswang Advise on NXP's Acquisition of TTTech Auto
Schoenherr, working alongside Skadden, has advised NXP on its acquisition of TTTech Auto. Freshfields Bruckhaus Derringer advised TTTech majority owners Audi, Aptiv, and Infineon on the sale. Binder Groesswang, working with Clifford Chance's Munich office, advised Aptiv as well.
White & Case and Schoenherr Advise on TPG Real Estate's EUR 470 Million Sale of Czech and Slovak Logistics Parks to Blackstone
White & Case has advised TPG Real Estate on the EUR 470 million sale of CT Real Estate to funds managed by Blackstone. Schoenherr, working with Simpson Thacher & Bartlett, advised Blackstone. Talers reportedly advised TPG Real Estate as well.
Filip & Company and Schoenherr Advise on Mozaik Investments' Sale of Minority Stake in 5 To Go to Invenio Partners and ACP
Filip & Company has advised Mozaik Investments on its sale of a minority stake in 5 To Go to Invenio Partners and Accession Capital Partners. Schoenherr advised ACP. Dentons reportedly advised Invenio Partners.