The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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M&A transactions and all forms of corporate reorganisations (e.g.
mergers, de-mergers, transformations, contributions in-kind) are
governed by the Companies Act (CA).
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Once again, business law firm Fellner Wratzfeld & Partners (fwp) is among the front-runners in Austria where international rankings are concerned, a fact confirmed by the Chambers Global Guide 2012, which was published in March 2012.
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Public bids are regulated under the 1999 Takeover Act (TA), as
thoroughly amended by the 2006 TA Amendment Act. The TA
applies provided the target is a joint stock corporation (AG) based
in Austria and its shares are admitted to trading on the Vienna Stock
Exchange (Wiener Boerse; VSE) at a regulated market.
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In the course of the second stabilisation package 2012*, the new § 2 b Labour Market Policy Financing Act (Arbeitsmarktpolitik-Finanzierungsgesetz – AMPFG) was agreed upon.
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As of 1 April 2012, the Czech Public Procurement Act (Act No. 137/2006 Coll.) has
been significantly amended.
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Bulgaria: The Bulgarian Parliament marks the first anniversary of the Renewable Energy Law of 2011 with its first amendment
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bankruptcy post Amendment to the Slovak Bankruptcy Act
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Construction projects are expensive, and they usually end up being more expensive than agreed. The principal often tries to mitigate this risk by concluding a lump-sum contract.
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The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
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Schoenherr's Italian Desk was established in April 2008. It is headed by Daniele Iacona, based in the Bucharest office. Legal Insights spoke with Daniele about the Italian Desk in 2009 (see www.schoenherr.eu/news-publications/legal-insights/qua-head-of-schoenherrs-italian-desk). Here is an update.
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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Vienna, 14 May 2012 – WOLF THEISS has been awarded ‘Austrian Law Firm of the Year’ for the third time at the 2012 Chambers Europe Awards for Excellence, held on 10 May 2012 in Amsterdam.
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Schoenherr’s standing as a leading corporate law firm in Central Europe has
been confirmed by rankings recently issued by Chambers & Partners, the
distinguished British legal publisher. In its annual "Chambers Europe" legal
directory, Chambers recognized 13 Schoenherr practice areas in Austria and CEE
jurisdictions as belonging to the top tier ("Band 1") in their national markets.
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WOLF THEISS has advised the German pharma wholesaler Andreae-Noris Zahn AG (ANZAG), a member of the Alliance Boots group, on the acquisition of additional shares in the Romanian Farmexpert DCI S.A. Previously, in 2006, the group had already acquired a 60% share.
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The Fees Regulation for proceedings before the Federal Public Procurement Office (Bundesvergabeamt ‒ BVA), in force since 13 April 2012, entailed a simplification of the fees regime.
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PUBLIC PROCUREMENT PROCEDURE IN AUSTRIA
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Vienna, 10 May 2012 – WOLF THEISS advised the Steinklauber Group and CPA on voestalpine Austria Draht GmbH's acquisition of a majority of the shares in CPA Filament GmbH to expand their activities in the field of wire processing.
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The Central European law firm Schoenherr advised Germany’s WAZ Media Group
in the sale of its subsidiary Media Print Macedonia to Orka Holding, a familyowned
business conglomerate based in Macedonia.
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Denise R. Hamer has joined the Central European law firm Schoenherr as a partner in its Banking, Finance and Capital Markets practice group.
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Fellner Wratzfeld & Partners (fwp) once again proves its expertise in banking and finance by its inclusion in the international Legal 500 series of guides which has been recommending law firms and law experts in over 100 countries for around 20 years.
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Vienna, 3 May 2012 – WOLF THEISS, one of the leading law firms in Central and Southeastern Europe, has obtained a record fine on behalf of a major pharmaceutical corporation in connection with the procurement of TBE vaccines by the Austrian Sozial-versicherungsanstalt der Bauern (Farmers' Social Security Authority).