Of the five types of corporation that may be established under Romanian law, joint stock and limited liability companies continue to be the most common. Recent statistics show that almost 1 million companies are active in Romania, of which approximately 800,000 are limited liability or joint stock companies. Further, the number of limited liability companies is reportedly double that of joint stock companies.

Schoenherr Warsaw has taken a team of three arbitration and litigation lawyers led by Partner Marcin Aslanowicz from Wolf Theiss.

Neighbours and communities don't like it, but apartment owners love it, because they can multiply their income. Short-term rental to tourists or businesspeople who stay for just a few weeks is very controversial. Both courts as well as the legislative bodies of the Austrian provinces have found ways to restrict it.

Gudrun Stangl has been promoted to Equity Partner and Arabella Eichinger has been promoted to Contract Partner at Schoenherr in Austria.

Schoenherr has established a dedicated, firm-wide Technology & Digitalization group, headed by Partner Thomas Kulnigg.

This overview aims to highlight selected potential Polish law issues related to liability for damages caused by machine learning algorithms (MLA) which an entrepreneur operating, buying or selling a business based on MLA may face and should consider. Needless to say, the civil law liability touched upon here is not the only liability regime which should be borne in mind. For the sake of clarity, however, matters related to specific sector regulation (e.g. for medical devices), intellectual property rights, GDPR as well as criminal liability are not addressed below, although they are equally important for MLA-based business.

In Hungary, as is the case in other EU countries, recent economic growth has been accompanied by a labour shortage. This is largely due to Hungarian workers emigrating to other EU countries in search of higher wages and better living standards. According to statistics, approximately 5% of the country's working-age population has emigrated to other EU countries in recent years.

On 1 December 2018 the new Insurance Distribution Act (the "Act") became effective in the Czech Republic. It replaces the still effective Act No. 38/2004 Coll., on Insurance Intermediaries and Loss Adjusters, as amended ("IILA"), and implements the plan envisaged by the European Parliament and the Council (EU) Directive 2016/97 on insurance distribution (revised version) ("IDD"), even if a little later than anticipated.

Schoenherr has advised Austrian insurtech start-up bsurance on its Series-A financing round. The investment totals EUR 4 million and was provided by UNIQA Ventures GmbH — advised by EY Law — and an additional investor.

Under the GDPR, every data controller that processes personal data through a data processor must conclude a GDPR-compliant data processing agreement with the processor. Parties may seek to negotiate the allocation of liability and shift it towards the other party. When doing this in Romania, we look at the interplay with the rules of the main forms of liability set out in the law.

Schoenherr has advised Playtika Ltd. on the acquisition of Supertreat GmbH, the developer of the mobile game Solitaire – Grand Harvest. Eisenberger & Herzog advised the sellers.

Gun jumping refers to premature enforcement of a merger before obtaining clearance from the competition authority. While most companies are aware of this interdiction, it can be difficult to balance the scope of the competition standstill obligation during the pre-closing period and the measures taken by the acquiring company to protect the value of a target.

Schoenherr Prague has advised Finland's Caverion Emerging Markets Oy on the disposal of its Czech subsidiary, Caverion Ceska Republika s.r.o., to KART spol. s r.o., a member of the CEZ Group. The Nemec, Blaha & Navratilova law firm reportedly advised KART on the deal.

The Hungarian Competition Authority (HCA) cleared the acquisition of sole control over Invitel Távközlési Zrt ("Invitel") by Digi Távközlési és Szolgáltató Kft ("DIGI") conditionally - with commitments - in May 2018. A few months later, it established that DIGI had intentionally misled HCA officials and therefore revoked the decision and imposed a fine on DIGI of HUF 90 million (approx. EUR 280,000). It then reopened the proceeding to assess the relevant markets affected by the misleading information. Revoking a merger clearance decision is not without precedent in the HCA's recent practice, as the HCA has invoked three clearance decisions in the last two years. What is new, however, is that the HCA granted a derogation from the suspension clause to prevent negative market consequences from interfering with the already closed transaction. The HCA also resorted to a dawn raid during the original proceeding, which is a new instrument in merger control cases.

Exactly four months ago, we reported that the Austrian pastry shop Aida was starting to sell cakes containing CBD and explained the legal situation. In the meantime, everything has changed. Or has it?

CMS has advised Shell International Exploration and Development Italia on the transfer of 30% of its exploration rights on Bulgarian offshore Block 1-14 Khan Kubrat to the local branch of Australia's Woodside Energy Limited. Herbert Smith and Schoenherr advised Woodside on the deal.

CMS has advised OTP Bank Group on the acquisition of Societe Generale Banka Srbija, Serbiaʼs fourth-biggest lender, from Franceʼs Societe Generale Group Group. Schoenherr, working with lead counsel Jones Day, advised Societe Generale on the deal, which is expected to close in the coming months.

Schoenherr has advised Wieland Ventures GmbH on the acquisition of a 22.1 percent stake in UrbanGold GmbH from Mettop GmbH. Mettop was advised by Oberhammer.