On 29 June 2022, the Council and the European Parliament reached a provisional agreement on the text regarding the European Commission's proposal for a recast of Regulation (EU) 2015/847 (also referred to as the Transfer of Funds Regulation ("TFR")).
Schoenherr Advises Caverion on Acquisition of Porreal
Schoenherr has advised Caverion Oesterreich on the acquisition of Porreal and its subsidiary Alea. Beira Rechtsanwaelte reportedly advised Porr AG on the sale.
Dealmaking on Shifting Sands
Change and unpredictability, among the top keywords that could best describe the past couple of years, did little to affect the overall Romanian M&A market. Publicly available figures show that dealmaking saw a strong rebound in 2021 in terms of deal numbers. The main sectors on investors’ radar were real estate and construction, IT&C, energy (with a growing focus on renewables), manufacturing and industrials, pharmaceuticals, and healthcare.
Employment Considerations on the Romanian Gig Economy
With the fast-paced development of applications in nearly every sector of the service industry and the advent of virtual services, Romania witnessed a rise in the number of people employed in the gig economy. CEE Legal Matters sat down with DLA Piper Head of Employment Monica Georgiadis and Schoenherr Head of Employment Mara Moga-Paler in Romania to discuss the legislative framework regulating gig workers, the labor risks and challenges they face, and the ways in which these might be addressed.
Recovery and Resilience Plans in CEE: Overview and Implementation
Entering into force on February 19, 2021, the EU Recovery and Resilience Facility aimed, according to the European Commission, “to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient, and better prepared for the challenges and opportunities of the green and digital transitions.” CEE Legal Matters spoke with lawyers from Bulgaria, Greece, Hungary, Latvia, Poland, and Romania to learn what each country focused on, with its Recovery and Resilience Plan (RRP), and what difficulties lie ahead, now that these plans have been submitted to the EC.
Strike! Law Firms Compete in 5th CEELM Budapest Law Firm Bowling Challenge
On June 30, 2022, CEE Legal Matters hosted the fifth edition of the CEELM Budapest Law Firm Bowling Challenge: A competition of four-person teams from leading law firms in Hungary, with all proceeds going to the previous winner’s charity of choice. A total of 13 law firms competed for the trophy – and the bragging rights that go along with it.
Vice Mandaric and Ivan Einwalter Make Local Partner at Schoenherr
Schoenherr has announced that Croatian cooperating firm Mandaric & Einwalter's Partners Vice Mandaric and Ivan Einwalter have been appointed as Local Partners with Schoenherr’s Croatian office.
EU: How to Rescue a Design
Have you ever wondered whether you can modify a registered community design ("RCD") that is challenged by an application for declaration of invalidity by removing certain prohibited design elements to maintain the registration?
Schoenherr Advises Wienerberger on Acquisition of Vargon
Schoenherr has advised Wienerberger on its acquisition of Vargon. Buterin & Partneri reportedly advised the sellers on the deal.
MPR Partners and Schoenherr Advise on V-Ridium’s Acquisition of Solar Park from Samsung C&T
MPR Partners has advised GreenVolt subsidiaries V-Ridium Solar 45 and V-Ridium Renewables on their EUR 83 million acquisition of a photovoltaic project from the Samsung C&T Corporation. Schoenherr and, reportedly, Herbert Smith Freehills advised the seller. CMS reportedly advised a consortium of banks on financing the acquisition.
Schoenherr Advises BTV on Acquisition of STW Spleisstechnik West
Schoenherr, working with Noerr, has advised the BTV Multimedia Group on its acquisition of STW Spleisstechnik West. Solo practitioner Georg Justich reportedly advised STW.
Upcoming Tax for Already Existing Wind Power and PV Plants: Double Trouble in Burgenland?
Wind power plants and photovoltaic (PV) plants might affect the landscape. To what extent is in the eye of the beholder.
Hungary: Not Every Fairy Tale Has a Happy Ending: The Story of the Gomboc 3D Trademark Application
Once upon a time, two eminent Hungarian scientists made a mathematical breakthrough. They developed the first convex, homogeneous, mono-monostatic object, which they named the "Gomboc" after the famous Hungarian folk character. The Gomboc always returns to its single stable equilibrium point no matter how you put it down, without using any weights. The Gomboc also has one unstable equilibrium. It is possible to balance the body in this position, but the slightest disturbance makes it fall.
DTB Advises on Unconditional’s Sale to Fressnapf Group
Divjak Topic Bahtijarevic & Krka has advised Unconditional and its majority owner Edvard Varda on the sale of a stake in the company to the Fressnapf Group. Schoenherr reportedly advised the Fressnapf Group on the acquisition.
Dentons and Glatzova & Co Advise on GeneProof's Merger with ALPC
Dentons has advised GeneProof founders Radek Horvath and Milos Dendis on the company's merger with the American Laboratory Products Company, leading to the establishment of the ALPCO Group. Glatzova & Co and Sidley Austin advised the Silicon Valley Bank on financing the merger. Goodwin Procter and Schoenherr reportedly advised Ampersands, the owner of ALPC.
Schoenherr Advises on Red Bull’s Joint Venture with Teletest
Schoenherr has advised Red Bull and Arbeitsgemeinschaft Teletest (AGTT) on the establishment of a joint venture.
Trademarks: The Classification of "Virtual Goods" in Trademark Applications
Trademark professionals have noted growing interest in protecting trademarks for "virtual goods". This leaves trademark specialists as well as IP offices grappling with how to correctly classify these goods.
Schoenherr and Baker McKenzie Advise on ARZ's Sale to Accenture
Schoenherr has advised the sellers on the sale of ARZ Allgemeines Rechenzentrum to Accenture. Baker McKenzie advised the buyer.