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34 New Articles

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.

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.

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, 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.

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.

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").

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, 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 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.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

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