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Binder Grösswang

STERNGASSE 13, 1010 VIENNA, AUSTRIA
Tel:
Work +43 1 53 48 0
Fax:
Fax +43 1 53 48 08
Email:
Web:
www.bindergroesswang.at
Innsbruck, Vienna

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Sale of Lenzing Business Unit Plastics

July 2013. Press Releases by Binder Grösswang Attorneys-at-Law (view listing).

Binder Grösswang advised Austrian Stock Exchange Listed Lenzing AG in the auction sale of its Business Unit Plastics (Lenzing Plastics GmbH) to an Austrian bidding consortium led by Invest AG, the investment company of the Raiffeisen Banking Group Upper Austria based in Linz. The valuation equals close to 8 EBITDA multiples of the 2012 financial year. This decision was preceded by a multi-stage bidding process in which the new owner proved to the best bidder.

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Binder Grösswang advises GE Healthcare

September 2011. Press Releases by Binder Grösswang Attorneys-at-Law (view listing).

(Vienna, 20.08.2011) Binder Grösswang advised GE Healthcare – a business unit of NYSE listed General Electric Company – in connection with the acquisition of PAA Laboratories Gesellschaft m.b.H.. The deal was internationally led by Anna Buscall und Hans Schoneweg of Allen&Overy. On Binder Grösswang’s side, Thomas Schirmer and Rainer Kaspar headed the transaction team. The Sellers were represented by name partner Christian Dorda of Dorda Brugger Jordis. The transaction is still conditional on clearance by the competition authoriti

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Binder Grösswang Advises Merck KGaA

August 2011. Press Releases by Binder Grösswang Attorneys-at-Law (view listing).

A Binder Grösswang team led by Thomas Schirmer and Rainer Kaspar advised the German listed pharmaceutical, chemical and life science group Merck KGaA on the acquisition of Biotest AG. The transaction, which involved several countries, has now been concluded after having been approved by the antitrust authorities. An Allen & Overy team led by Michael Ulmer served as international counsel for Merck.

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Christian Wimpissinger a new partner of Binder Grösswang

February 2011. Press Releases by Binder Grösswang Attorneys-at-Law (view listing).

(Vienna, February 2011) Christian Wimpissinger (35) is a new partner of Binder Grösswang since 1 February 2011. He specializes in tax law focusing on international tax, corporate income tax and restructurings.

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Legal Developments by:
Binder Grösswang

  • Foreign investors face new barrier when acquiring Austrian companies

    On December 8, 2011 an amendment of the Foreign Trade Act 2011 (Außenwirtschaftsgesetz 2011, until then Außenhandelsgesetz 2011, “FTA 2011”) entered into force imposing a substantial new barrier on foreign investors when acquiring shares in Austrian companies that operate in areas of public security and order. This amendment came as a surprise as part of the Budget Consolidation Act 2012 (Budgetbegleitgesetz 2012), governing different topics. The key points of the new barrier for foreign investors are the following:
    - Binder Grösswang Attorneys-at-Law

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Rien ne va plus!

     
    - Dorda
  • DORDA advises on the acquisition of Austrian office properties Denk Drei

    Stefan Artner , Partner and Head of the Real Estate Practice Group, and real estate attorney Klaus Pfeiffer of DORDA advised Austrian Real Estate Development GmbH ( ARE , a subsidiary of Bundesimmobilien-Gesellschaft, the Austrian privatization agency) on the acquisition of the Denk Drei office properties from IC Development . The successful closing of the forward purchase transaction took place on April 30, 2018. The parties have agreed not to disclose the purchase price.
    - Dorda
  • Austrian "White List"

    Exceptions from the OBLIGATION TO CARRY OUT A data protection impact assessment
    - Dorda
  • Stop! Wait! Move! – No longer Stamp Duty for Residential Homes

    On 12 October 2017, right in a last minute attempt to win undecided voters for one of the political parties, the leaving members of parliament enacted a new tax law. While fundamental changes to the Austrian Tenancy Law had been vividly discussed between the socialist and the conservative parties in recent years, the new law on the abolition of stamp duty falls completely short of what could have been achieved.
    - Dorda
  • European Court of Human Rights: Employers have limited rights to monitor employee communications at

    A landmark decision was issued yesterday (Judgement Bărbulescu v. Romania), a source of debate in the media , in which the European Court of Human Rights clarified the restrictions on monitoring employees in the workplace.
  • Potential Hurdle for Acquisitions in Hungary by Non-EU and Non-EEA Investors

    The Hungarian Ministry of the Interior recently submitted a legislative proposal to the Hungarian Government to amend the Act on Hungarian National Security Services (the " Proposal "). The Proposal suggests an amendment pursuant to which investors from non-EU and non-EEA countries who wish to invest in Hungary would have to obtain prior permission from the minister responsible for national security (the " Minister .
  • EU: High-Level Expert Group on Sustainable Finance delivers early recommendations

    On 13 July 2017, the High-Level Expert Group (" HLEG ") on Sustainable Finance published its interim report (" Interim Report ") setting out concrete steps to create a financial system that supports sustainable investments. This Legal Insight is part of our dedicated newsletter series on the European Capital Markets Union (" CMU "). Background The growing awareness of environmental challenges and sustainability risks as well as the adoption of the UN 2030 Agenda and the conclusion of the Paris Climate Agreement by the EU in 2015 call for an EU strategy on sustainable finance. Establishing an EU strategy on sustainable finance is a priority action of the CMU. In December 2016, the HLEG was established to advise on the development of such an EU strategy . The recently published HLEG Interim Report was recently presented in a public hearing on sustainable finance on 18 July 2017. At the same time, the HLEG presented an online questionnaire on the Interim Report aimed at obtaining targeted feedback until 20 September 2017, which would be reflected in the final report of the HLEG scheduled for publication by the end of 2017.
  • Serbian Competition Authority Steps Up Antritrust Enforcement

    The Serbian Commission for Protection of Competition (the " Commissio n") recently intensified its antitrust activities before the new Administrative Act came into effect. In one week alone the Commission initiated four antitrust cases and conducted two dawn raids. 1. What/who will be on the Commission's radar?
  • First Annual Privacy Shield Review to take place in September 2017

    One of the core principles of the EU-US Privacy Shield (" Privacy Shield ") is its Joint Review mechanism, which obliges the European Commission, the US Department of Commerce and the Federal Trade Commission to jointly review the functioning of the Privacy Shield on an annual basis, together with its national security and law enforcement aspects. The very first Joint Review is scheduled for September 2017. This first review is considered especially important, as it will be the first opportunity for US and EU regulators to closely analyse the operation of the Privacy Shield, address possible concerns about its functioning, and seek to ensure that the Privacy Shield continues to be a valid legal basis for transfers of personal data from the EU to the US.
  • The role of the supervisory board in investor relations

    1.Abstract
    - Dorda