Schoenherr has advised joint lead managers Danske Bank, DekaBank Deutsche Girozentrale, Erste Group Bank, Natixis, Raiffeisen Bank International, and UniCredit Bank on the EUR 500 million issuance by Volksbank Wien of 4.750% green ordinary senior eligible notes due March 2027. Wolf Theiss advised Volksbank Wien.
Insight Into Regulatory Crisis Instruments to Solve Crises in Austria
The first article in this series looked at the background to energy crisis law and its implication for the proposed single market emergency instrument (SMEI) (for further details, see "Insight into regulatory crisis instruments to solve crises in European Union").
Schoenherr and Baker McKenzie Advise on Pathlight Capital Term Loan for Lumos Holdings
Schoenherr, working with Morgan Lewis, has advised Pathlight Capital on its term loan to Lumos Holdings US Acquisition Co. Baker McKenzie advised Lumos in Hungary and the UK.
Employment in Bulgaria
Contributed by Schoenherr.
Schoenherr Advises OMV on Geothermal Energy Joint Venture with Wien Energie
Schoenherr has advised OMV on establishing a geothermal energy joint venture with Wien Energie. Schima Mayer Starlinger reportedly advised Wien Energie.
Schoenherr Advises Robert Bosch Investment Nederland on Minority Stake Acquisition in Kazantrade
Schoenherr has advised Robert Bosch Investment Nederland on its acquisition of a minority stake in Hungarian thermo-technology company Kazantrade and the related asset deal that saw RBIN sell its Serbian thermo-technology business to Kazantrade's Serbian subsidiary. Sole practitioner Zsolt Simanyi reportedly advised the Hungarian seller and target company.
Schoenherr Advises ODDO BHF and GLAS Trust Limited on Financing Afinum's Acquisition of Christian Koenen Group
Schoenherr has advised both the lending group and the borrower on a deal that saw ODDO BHF and GLAS Trust Limited finance Afinum's acquisition of the Christian Koenen Group. Germany's Astera Legal and GLNS Rechtsanwaelte reportedly also advised the lenders and the borrower, respectively.
Gender Equality in Hungarian Workplaces
Gender equality in the workplace refers to the fair and equal treatment of individuals of different genders in all aspects of employment, including hiring, promotion, pay and job duties. Achieving gender equality is essential to creating a diverse, inclusive workplace that supports all employees.
Schoenherr Advises Inflexion on Acquisition of Nomentia from PSG Equity and Verdane
Schoenherr, working with Travers Smith and Roschier, has advised Inflexion on the acquisition of a majority stake in European financial technology company Nomentia from PSG Equity and Verdane.
Zivkovic Samardzic and Schoenherr Advise on Sale of Eurobank Direktna to AIK Banka
Zivkovic Samardzic, working with Milbank, has advised the shareholders of Eurobank Direktna Beograd on its sale to AIK Banka Beograd. Schoenherr and Holman Fenwick Willan advised AIK Banka.
Romania: Better Safe Than Sorry – Precautionary Measures in Criminal Proceedings
Serious crimes, such as tax evasion, corruption offenses, or money laundering provoke serious responses from law enforcement authorities. When such offenses are committed, the law provides for compulsory precautionary measures to be taken against the assets of the offenders, at any stage of the criminal proceedings.
HCA Uses its Powers to Uncover Roots of Record-High Food Inflation
After the covid-19 pandemic, the EU economy is now being disrupted by the Russia-Ukraine conflict. The rising energy prices and disrupted supply chains have resulted in a further increase in inflation. According to the Hungarian Central Statistics Office, average inflation in Hungary was 24.5% in December 2022, the highest in the European Union. However, inflation of food products was even higher, reaching a staggering 44.8% year-on-year price increase by December 2022. This number is almost three times higher than the EU average.
Romania: Deadlock in Sale of Romanian Farmland Outside Buildable Areas Finally Cleared
A two-and-a-half-year deadlock impeding the sale of Romanian farmland located outside buildable areas and acquired less than eight years ago seems to have been finally cleared. On 2 February 2023 a much-awaited normative act came into effect, filling a series of legislative gaps and allowing public notaries to authenticate sale agreements for certain types of farmland located outside buildable areas.
Key Developments in Austrian Environment and Climate Change Law in 2022: Part Two – Case Law
This article is part of a series on developments in Austrian environment and climate change law in 2022 and, in particular, focuses on case law developments. For further details on legislative developments see, "Key developments in Austrian environment and climate change law in 2022: part one – legislation".
Simplified Procedure for Constructing Photovoltaic Systems on Rooftops in Bulgaria
The latest amendments to the Bulgarian Spatial Development Act introducing the simplified procedure for constructing photovoltaic systems on rooftops entered into force on 20 January 2023, easing the regime for the installation of small power plants.
Amendments to the Hungarian Trademark Act in 2023
Crucial amendments to the Hungarian Trademark Act entered into force on 1 January 2023. This Legal Insight briefly describes the most important changes.
EU: The Unified Patent Court is Alive!
A spectre is haunting Europe – the spectre of… the Unitary Patent. With Germany having deposited its ratification document on 17 February 2023, this spectre is finally coming to life: the European Patent with Unitary Effect ("Unitary Patent") and the Unified Patent Court ("UPC") system will enter their preparatory phase. The actual launch date (the date as of which Unitary Patents will be in effect and actions can be filed with the UPC) is set for 1 June 2023.
Key Developments in Austrian Environment and Climate Change Law in 2022: Part One - Legislation
2022 was a busy year marked by the late effects of the covid-19 pandemic and the Russia-Ukraine conflict. The latter has led to the rethinking of energy matters. Austrian legislation in 2022 was, therefore, characterised above all by new developments and amendments in energy law, with a focus on the expansion of renewable energy. This article is part of a series on developments in Austrian environment and climate change law in 2022 and, in particular, focuses on legislative developments.