Schoenherr, working alongside Jones Day, has advised GfK SE on the EUR 315 million sale of its European Consumer Panel business to YouGov. DLA Piper advised YouGov.
New Law on Employment of Foreign Workers in Hungary
On 13 June 2023, the Hungarian Parliament adopted a new law regulating the employment of foreign workers. The law introduces the concept of guest workers (third-country nationals from countries outside the EEA and from non-neighbouring countries) and establishes guidelines for their employment in Hungary.
Schoenherr Advises SpeedValue on Acquisition of Codegil
Schoenherr has advised SpeedValue on its acquisition of Code Agile, operating under the Codegile brand.
Schoenherr Advises AkzoNobel on Sale of Insulation Materials Production to HIRSCH Porozell
Schoenherr has advised AkzoNobel on the sale of its extruded polystyrene insulation material production activities in Romania to HIRSCH Porozell.
Schoenherr Advises Bulstrad on Acquisition of AmeriMed Medical Center
Schoenherr has advised Bulstrad Life Vienna Insurance Group Bulgaria on the acquisition of AmeriMed medical center. Reportedly, Stanev & Partners advised the sellers.
Schoenherr Advises Tello Holding on Acquisition of VA Intertrading
Schoenherr has advised Tello Holding on the acquisition of a majority stake in VA Intertrading Aktiengesellschaft by taking over Kairos Industrie Holding from Hanno Baestlein. DSC Doralt Seist Csoklich reportedly advised the seller.
Did You Know: H1 CEE Law Firm Leaderboard
Did You Know that 12 firms in Central and Eastern Europe worked on more than 16 client matters reported by CEE Legal Matters in the first half of the year? According to the Activity Rankings function of the CEELMDirect website, two firms worked on more than 40 client matters reported by CEE Legal Matters in the first six months of 2023: Schoenherr, which worked on 42, and Clifford Chance, which worked on 41.
Payment Services Directive 3 – Shaping the Path for Future Payments in the EU
On 28 April 2023 the European Commission ("Commission") put forth a proposal (Link) to revise Directive (EU) 2015/2366 (Payment Services Directive, "PSD2"), which was adopted on the EU level in 2015 and transposed into Austrian law by the Payment Services Act (Zahlungsdienstegesetz 2018 – ZaDiG 2018).
Schoenherr Successful for Jaegermeister in Trademark Dispute Before Austrian Supreme Court
Schoenherr has successfully protected the trademark rights of Jaegermeister in a dispute regarding their imitation by a discount private label by obtaining an EU-wide preliminary injunction before Austria's Supreme Court of Justice.
Brandl Talos, Schoenherr, Schindler Attorneys, and FWP Advise on Sale of Ready2Order to Zucchetti
Brandl Talos has advised the shareholders on their sale of Ready2Order to Zucchetti. Schoenherr advised Ready2Order early investor Franz Hoerhager, while Schindler Attorneys advised Co-Founder Christoph Zhu on the transaction. Fellner Wratzfeld & Partner advised the Zucchetti Group.
Schoenherr Advises Verbund on Acquisition of Solarpower Holding and Subsidiaries
Schoenherr has advised Verbund – via its Verbund Energy4Business and Verbund Thermal Power subsidiaries – on the acquisition of all shares in Solarpower Holding together with its subsidiaries MSP Solarpower and IFIX-Solar from its shareholder. SCWP Schindhelm reportedly advised the sellers.
Schoenherr and DLA Piper Advise on DDM Acquisition of Intrum's NPL Portfolio in Romania
Schoenherr has advised DDM Holding on the acquisition of a non-performing loan portfolio with a face value of over EUR 1 billion from Intrum. DLA Piper advised Intrum on the sale and its exit from the Romanian market.
The FSR's M&A tool
The so-called M&A tool is probably the most impactful element of the Foreign Subsidies Regulation (FSR), affecting many global and even local transactions. A first read of the FSR's provisions may give the incorrect impression that the tool covers only few large transactions, but its impact may be much more significant than this. Let us take a closer look at what to keep in mind when engaging in an M&A transaction process.
Binder Groesswang Advises Biome Diagnostics on Investment Round with SanusX
Binder Groesswang has advised microbiome technology R&D company Biome Diagnostics on its investment round with Uniqa Group company SanusX. Schoenherr reportedly advised the investors.
Regulation of Nicotine Pouches in the Czech Republic
Nicotine pouches are small pouches or pads containing nicotine and no tobacco. They are placed under the lip so that the nicotine is absorbed into the body through the mucous membrane. This alternative to traditional tobacco products, especially cigarettes, has been growing in popularity in recent years.
Hungary: Financing for Agriculture
Hungary’s agricultural sector has a rich historical tradition but faces challenges due to insufficient financing. The European Union’s Common Agricultural Policy (CAP) provides funding for farm restructuring and market support, while Hungarian farmers can seek financing from banks and cooperatives. The Hungarian government has also established various programs to provide financing for agriculture, including subsidies for machinery and technology investments and funding for training.
Key Enforcement Trends and Top Priorities of The Romanian Competition Council
The practice of the Romanian Competition Council (RCC) over the last few years can be summed up in a rather simple headline: many (more) cases and substantial fines.
PE-ering into Romania
With most of Europe facing turbulent times, Romanian markets are experiencing vibrant PE fund activity across a wide plethora of sectors. Popovici Nitu Stoica and Asociatii Managing Partner Florian Nitu, Wolf Theiss Partner Ileana Glodeanu, and Schoenherr Partner Madalina Neagu take a deep dive into the markets and their drivers.