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Schoenherr (Schönherr Rechtsanwälte)

SCHOTTENRING 19, 1010 VIENNA, AUSTRIA
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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

 

Slovakia: Schoenherr advises Albéa on the acquisition of Scandolara Slovakia

September 2016. Press Releases by Schönherr (view listing).

Schoenherr Bratislava has advised the Albéa group ("Albéa") on the acquisition of 100 % of the shares in SCANDOLARA TUB-EST, s.r.o. ("Scandolara"), a Slovak subsidiary of the Italian Scandolara Group, which produces laminate tubes. read more...

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Schoenherr assists Republic of Austria in offer to HETA-creditors

September 2016. Press Releases by Schönherr (view listing).

On Friday, 2 September 2016, the Austrian Finance Minister has given the green light to finance a public offer by Kärntner Ausgleichszahlungs-Fonds (KAF) to HETA creditors pursuant to § 2a of the Austrian Financial Market Stability Act. The offer will implement the Memorandum of Understanding (MoU) concluded in May 2016 between the Austrian Minister of Finance and a significant number of creditors of debt instruments issued by HETA ASSET RESOLUTION AG (HETA) that are subject to a regional law deficiency guarantee. The offer will be published by KAF on Tuesday, 6 September 2016.pdf read more...

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Austria: Schoenherr advises banking consortium on issuance of EUR 500 million mortgage covered bond

September 2015. Press Releases by Schönherr (view listing).

Schoenherr advised an international banking consortium comprising Commerzbank Ak-tiengesellschaft (technical lead), Barclays Bank plc, Crédit Agricole CIB and CaixaBank SA as Joint Lead Managers on the successful issuance of a EUR 500 million fixed-rate mortgage covered bond (Pfandbrief) by Vienna-based Erste Group Bank AG (closing date: 9 September 2015). The bond was placed with institutional investors and listed on the Second Regulated Market of the Vienna Stock Exchange. read more...

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Austria: JUVE confirms Schoenherr's leading role in Austrian legal market and among corporate/M&A pr

September 2015. Press Releases by Schönherr (view listing).

JUVE, the premier German-language legal business publication, ranks Schoenherr as the leading law firm in Austria and recognises the firm's Corporate/M&A practice for being at the very apex of the country's transactional practitioners. In the newly-released 2015 edition of its annual 150-page handbook on corporate law firms in Austria, JUVE identifies Schoenherr as having generated the highest revenues among the country’s 15 largest law firms, thanks not least to Schoenherr's advisory role in a large selection of the headline transactions and restructurings during 2014/15. read more...

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Austria: Schoenherr advises immigon on sale of VB Factoring Bank to Germany's A.B.S. Global Factorin

September 2015. Press Releases by Schönherr (view listing).

Schoenherr advised immigon portfolioabbau ag (formerly ÖVAG – Österreichische Volksbank AG) on the sale of its 100% shareholding in VB Factoring Bank, including the subsidiary Eurincasso GmbH, to Germany's A.B.S. Global Factoring.read more...

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Austria: Jakob Kisser promoted to Counsel at Schoenherr

September 2015. Press Releases by Schönherr (view listing).

Jakob Kisser has been promoted to Counsel at Schoenherr, a leading corporate law firm in Central and Eastern Europe, as of 1 August 2015. An experienced attorney, Kisser specializes in M&A, private equity and general corporate law matters. He has been a member of Schoenherr's Corporate/M&A practice since 2009. He has also managed the firm's internal knowledge management department since 2011 and has served as its compliance officer since 2013. read more...

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Schoenherr advises Rohrdorfer group on its acquisition of CEMEX's operations in Austria and Hungary

August 2015. Press Releases by Schönherr (view listing).

Schoenherr advised Rohrdorfer group on its acquisition of CEMEX's operations in Austria and Hungary for approx. EUR 160 mn. A sale and purchase agreement was signed on 11 August 2015. The closing of the transaction is expected during the fourth quarter of 2015 and is subject to the satisfaction of standard conditions for this type of transaction, including merger clearance. read more

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Czech Republic: Schoenherr advises EVO Payments on its strategic alliance with Raiffeisenbank

August 2015. Press Releases by Schönherr (view listing).

Schoenherr advised EVO Payments International (EVO) on the launch of a strategic alliance with Raiffeisenbank a.s. in the Czech Republic in the segment of payment card acceptance. read more...

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Austria: Schoenherr advises Allianz Capital Partners on its first acquisition of wind parks in Austr

July 2015. Press Releases by Schönherr (view listing).

Schoenherr advised Allianz Capital Partners (ACP) on its acquisition of four wind parks in the Austrian state of Lower Austria from ImWind, one of the country’s largest wind farm operators, with a portfolio of 320 MW in operation. read more...

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Austria: Schoenherr advises immigon on the sale of VICTORIA VOLKSBANKEN

July 2015. Press Releases by Schönherr (view listing).

read more...Schoenherr advised immigon portfolioabbau ag ("immigon"), a principal shareholder of VICTORIA-VOLKSBANKEN Pensionskassen Aktiengesellschaft and VICTORIA-VOLKSBANKEN Vorsorgekasse AG, on the sale of its shareholding in both the pension and the provident fund to BONUS Pensionskassen Aktiengesellschaft.

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SEE/Austria: HETA: Schoenherr supported Austrian Finance Ministry's negotiating group

July 2015. Press Releases by Schönherr (view listing).

Schoenherr provided support to the negotiating group established by Austria's Federal Ministry of Finance for the talks that have led to the successful conclusion of a political agreement in principle between the Republic of Austria and the German state of Bavaria that aims at settling all legal disputes concerning HETA. read more...

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Austria: Schoenherr advises UNION Investment on prominent real estate transactions in Vienna

July 2015. Press Releases by Schönherr (view listing).

Schoenherr has advised UNION Investment Real Estate GmbH, one of Europe's leading property investment management companies, on several prominent real estate acquisitions that the Hamburg-based group has made in Vienna. In addition to space2move, Schoenherr has also advised UNION Investment. read more...

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AT/SK:Schoenherr advises VB-Leasing International on sale of Slovak leasing business to ČSOB Leasin

July 2015. Press Releases by Schönherr (view listing).

Schoenherr advised VB-Leasing International (VBLI), the joint venture between Österreichische Volksbanken-AG (ÖVAG) and Germany's VR-Leasing AG, on the sale of VB Leasing Slovakia to ČSOB Leasing, a. s., a subsidiary of Belgium's KBC Group, and on the replacement of 100% of the shareholder funding at par (including accrued interest) by the KBC Group. read more...

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Austria: Schoenherr advises Cimpress on its acquisition of Austria's Druck.at

April 2015. Press Releases by Schönherr (view listing).

Schoenherr advised Cimpress N.V., a world leader in mass customization, on its acquisition of Druck.at, one of the leading web-to-print businesses in Austria. The transaction, which was announced on 18 March 2015, closed on 17 April 2015 following the successful achievement of various closing conditions including Austrian antitrust clearance. The acquisition supports Cimpress’ strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products such as signage, printing, apparel and promotional products. read more...

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CEE: Schoenherr named Leading Law Firm in South East Europe by Chambers

April 2015. Press Releases by Schönherr (view listing).

Schoenherr has been recognized as "South East Europe Law Firm of the Year" (2015) by the renowned legal publisher Chambers and Partners. Schoenherr lawyers Monica Cojocaru (partner; Bucharest), Miloš Laković (partner, Moravčević, Vojnović & partneri OAD in cooperation with Schoenherr; Belgrade) and Marko Prušnik (partner; Ljubljana) accepted the award on behalf of the firm at the Chambers Europe Awards event held this past Friday evening at Amsterdam’s Hotel Okura. read more...

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Austria: Arbitration expert Leon Kopecký joins Schoenherr as Counsel

April 2015. Press Releases by Schönherr (view listing).

Leon Kopecký has joined Schoenherr, a leading full-service law firm in Central and Eastern Europe, as Counselin March 2015. Mr Kopecký focuses on international commercial and investment arbitration, international litigation, and compliance matters. His clients are international firms in the construction, raw materials, infrastructure, finance, fashion and health care industries. He regularly advises clients on complex investment matters. read more...

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Austria: Schoenherr promotes Corporate/M&A Lawyer Rita Wittmann to Counsel

April 2015. Press Releases by Schönherr (view listing).

Rita Wittmann has been promoted to counsel at Schoenherr, a leading full-service law firm in Central and Eastern Europe, as of February 2015. The focus of her work lies in advising national and international clients on the legal issues involved in corporate M&A, commercial contracts, and joint ventures, as well as in project developments and project financing, particularly in the field of renewable energy. read more...

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Austria: Heidemarie Paulitsch promoted to counsel at Schoenherr

March 2015. Press Releases by Schönherr (view listing).

Heidemarie Paulitsch has been promoted to counsel at Schoenherr, one of the leading full service corporate law firms in Central and Eastern Europe, as of February 2015. Paulitsch has been specialised in the fields of White Collar Crime and Compliance for many years. She advises both national and international companies on compliance management systems and has wide-ranging experience in providing counsel on the handling of business crime matters. read more...

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SEE/AT: HETA - Schoenherr assists in first resolution pursuant to the European framework

March 2015. Press Releases by Schönherr (view listing).

Schoenherr is assisting Heta Asset Resolution (HETA) in the preparation of the first European resolution pursuant to the European framework for the recovery and resolution of credit institutions on the basis of Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions (BRRD). read more...

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Hungary: Better economic and operating environment ahead for banks

February 2015. Press Releases by Schönherr (view listing).

On 9 February 2015, Erste Bank Hungary entered into an agreement with the Hungarian Government and the European Bank for Reconstruction and Development (EBRD). Pursuant to the agreement, both the Hungarian Government and the EBRD will participate in Erste Bank Hungary’s capital increase and will each acquire a 15% of the share capital of the bank, which is part of the Vienna-based Erste Group. With the planned increased capital, Erste Bank Hungary has committed to increasing its lending activity in certain sectors (public, energy, and agricultural sectors) that the Hungarian Government views as strategically important. It is envisaged that Erste Bank Hungary will provide credit facilities in the aggregate amount of approximately EUR 550 million for the above-mentioned sectors. read more...

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Schoenherr presents roadmap15: Beauty, both in art and in law

February 2015. Press Releases by Schönherr (view listing).

Schoenherr has just published the newest edition of roadmap, its renowned annual legal publication providing an overview of the most topical business law topics and developments in the CEE region, as well as insights and analyses. read more

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Austria: Thomas Kulnigg promoted to partner at Schoenherr

February 2015. Press Releases by Schönherr (view listing).

Thomas Kulnigg has been promoted to partner at Schoenherr, a leading corporate law firm in Central and Eastern Europe, as of the start of February 2015. A specialist for M&A transactions and corporate law matters, Kulnigg has worked for Schoenherr in its Vienna head office since 2006, advising clients primarily from the IT, technology, industrial and financial sectors on their national and international transactions. read more...

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AT/USA: Schoenherr advises AIM Software Group on investment by Welsh, Carson, Anderson & Stowe

January 2015. Press Releases by Schönherr (view listing).

Schoenherr advised AIM Software Group ("AIM") on the receipt of an investment from and transfer of a majority interest to U.S.-based private equity firm Welsh, Carson, Anderson & Stowe ("WCAS"). AIM is a leading provider of data management software products to the financial services industry. Under the terms of the transaction, which was announced on 14 January 2015, AIM's existing management team will continue to operate the business and maintain a significant ownership stake in the company. WCAS is also investing primary capital in the business which will be used to further accelerate AIM's expansion. read more...

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AT: Christian Herbst appointed as Co-chair of the IBA Corporate/M&A law committee

January 2015. Press Releases by Schönherr (view listing).

Schoenherr partner Christian Herbst has been appointed Co-chair of the Corporate and M&A Law Committee of the International Bar Association (IBA). Herbst will serve in this top function for a two-year period starting 1 January 2015. The committee's other Co-Chair is Jocelyn Kelley from the Vancouver-based law firm Blakes. read more...

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SEE/ Austria: Schoenherr advises HETA on sale of Hypo Group's SEE Banking Network

January 2015. Press Releases by Schönherr (view listing).

Schoenherr advised Heta Asset Resolution (HETA) on the agreement over the purchase of Hypo Group Alpe Adria, the South-Eastern European (SEE) banking network of the former Hypo Alpe-Adria-Bank International (SEE Network). The US-fund Advent International and the European Bank for Reconstruction and Development (EBRD) signed an agreement on 22 December 2014 to acquire the SEE Network. read more

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Schoenherr Corporate/M&A partner Florian Kusznier joins firm’s equity

December 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, has invited its experienced Corporate/M&A specialist Florian Kusznier into the firm's equity. Kusznier has extensive know-how in advising Austrian and international clients on M&A and private equity transactions, public takeovers, and general corporate law matters. read more

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Romania/Austria: Schoenherr advises Volksbank Romania shareholders in planned sale to Banca Transilv

December 2014. Press Releases by Schönherr (view listing).

Schoenherr served as lead counsel to the shareholders of Volksbank Romania S.A. ("VBRO") - Österreichische Volksbanken-AG (VBAG), Groupe BPCE, DZ BANK AG and WGZ BANK - on their agreed sale of VBRO to Romania's third-largest bank, Banca Transilvania SA. Signing of the contracts took place on 10 December 2014. read more

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Austria: Schoenherr advises Roche on its acquisition of biotech firm Dutalys

December 2014. Press Releases by Schönherr (view listing).

Schoenherr served as lead counsel to life sciences group Roche on its acquisition of Dutalys GmbH, a privately held biotechnology company based in Vienna, Austria. Dutalys specializes in the discovery and development of fully human, bi-specific antibodies based on their proprietary DutaMabsTM technology. The bi-specific antibodies developed with this platform are designed to provide novel, best-in-class molecules for several therapeutic areas. read more

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AT/CEE: Schoenherr promotes EU & Competition law expert Christoph Haid to equity partner

December 2014. Press Releases by Schönherr (view listing).

Schoenherr has invited Christoph Haid, a partner in the firm's EU & Competition department, to join the firm's equity partners. Haid's practice focuses on merger control and cartel proceedings as well as competition law advice throughout the entire CEE region, where he also helps guide Schoenherr competition lawyers in their respective jurisdictions in expanding their domestic business. In addition to his competition law practice, he serves as office managing partner of Schoenherr's operations in both Croatia and Slovenia. Haid will become an equity partner as of 1 February 2015, the start of the firm's financial year. read more...

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Moldova: Amendments to the Legislation on Pledges

November 2014. Press Releases by Schönherr (view listing).

On 25 July 2014, the Parliament of the Republic of Moldova (Moldova) adopted Act No. 173/2014 on amending and supplementing of certain legal acts (Act No. 173). Act No. 173 will enter into force on 8 November 2014 and will inter alia change the Act No. 449/2001 on pledges (Pledges Act). The effected changes will have a direct impact on both guarantees issued before the entrance into force of the Act No. 173 (which will have to be dealt under the new legal provisions) and on obligations to be secured under the new legal frame. Act No. 173 is also meant to introduce a series of novelties into Moldovan legislation. read more...

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AT: Schoenherr advises Laakman Holding Limited on the increase of their participation in C-QUADRAT

August 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading law firm in Central and Eastern Europe, advised Laakman Holding Limited on the increase of their participation in the listed fund company C-QUADRAT Investment AG from 9.4 % to 18.4 %. read more...

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AT: Schoenherr advises Ashland on sale of its water technologies business to Clayton Dubilier & Rice

August 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Ashland on the Austrian aspects related to the sale of its global water technologies business to private equity fund Clayton, Dubilier & Rice (CD&R). The transaction is valued at approximately USD 1.8 billion. By this sale, Ashland intends to focus on their core specialty chemicals business.  pdf read more...

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AT: Schoenherr represents América Móvil in its successful Public Takeover Offer for Telekom Austri

July 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, represented Carso Telecom, a wholly-owned subsidiary of the América Móvil group (AMX), in its successful public takeover offer for all shares in Telekom Austria AG not held by Carso Telecom, AMX, Telekom Austria, or the Republic of Austria's state holding company OIAG. The public offer was launched on 15 May 2014. The initial offer period closed 10 July 2014. Through the public offer Carso Telecom/AMX could increase its participation in Telekom Austria from around 27 percent to around 50.8 percent. With an offer price of EUR 7.15 per Telekom Austria share, the transaction volume exceeded EUR 740 million.  read more...

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AT/RU: Schoenherr advises Rasperia/Basic Element in acquiring over 25 percent in STRABAG

July 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Rasperia Trading Ltd ("Rasperia") on its exercise of a call option to purchase shares and increase its shareholding in Vienna Stock Exchange-listed STRABAG SE to a blocking minority of 25 percent and one share. Rasperia, a company of Russia-based industrial conglomerate Basic Element, previously held 19.4 percent in the Vienna-based construction conglomerate. read more...

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Turkey/Italy: Schoenherr hires Rosario Sapuppo to head Italy desk in its Istanbul office

June 2014. Press Releases by Schönherr (view listing).

Rosario Sapuppo has joined Schoenherr, a leading corporate law firm in Central and Eastern Europe, as the head of the newly established Italy desk in the firm's Istanbul office. In this role, Sapuppo applies his expertise in corporate/M&A, foreign direct investments and international commercial law to support the growing number of Italian firms with business activities and/or investments in Turkey. In addition, Sapuppo draws on his experience in working in Istanbul, founding the Milan-based Italian-Turkish Association, and in previously heading the Turkey desk of a leading Italian law firm. read more...

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Schoenherr advises VB-Leasing International on sale of subsidiaries in Poland and Romania

May 2014. Press Releases by Schönherr (view listing).

Schoenherr advised VB-Leasing International (VBLI), the joint venture between Österreichische Volksbanken-AG (ÖVAG) and German VR-Leasing AG, on the sale of VB Leasing Poland and VB Leasing Romania to the Polish company Getin Holding S.A. The relevant agreement was executed on 15 May 2014. With the sale, the two companies have achieved another milestone in their strategic re-alignment to focus on their core business. The sale of the remaining subsidiaries of VBLI remains ongoing. read more...

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Austria: Schoenherr advises PALFINGER on mutual capital interlinking with SANY

May 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised PALFINGER AG and individual selling PALFINGER shareholders on the establishment of a mutual capital interlinking between the Salzburg-based manufacturer of hydraulic lifting systems and SANY Heavy Industries Co. Ltd., a member of China's SANY group. The overall value of the transaction amounts to approximately EUR 220 million. read more...

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Schoenherr represents Carso Telecom/America Movil on its Public Takeover Offer for Telekom Austria

May 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, represented Carso Telecom, a wholly-owned subsidiary of the América Móvil group (AMX), in a public takeover offer for all shares in Telekom Austria AG not held by Carso Telecom, AMX, Telekom Austria, or the Republic of Austria's state holding company OIAG. 

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Austria: Dispute Resolution expert Anne-Karin Grill joins Schoenherr as Counsel

May 2014. Press Releases by Schönherr (view listing).

Anne-Karin Grill has joined Schoenherr, a leading corporate law firm in Central and Eastern Europe, as Counsel. Grill will apply her expertise in international procedural law, arbitration law, and alternative dispute resolution (ADR) as a member of Schoenherr's Dispute Resolution Practice Group. Her activities will focus on commercial arbitration and complex multi-jurisdictional disputes.  read more...

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Austria/CEE: Schoenherr advises America Movil/Carso Telecom on shareholders' agreement with OIAG

May 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised América Móvil (AMX) and its wholly-owned subsidiary Carso Telecom in connection with the negotiation and conclusion of a shareholders' agreement with the Republic of Austria's state holding company OIAG, regarding their respective participations in Telekom Austria AG. As a result of an agreement signed on April 23, the parties will pool their Telekom Austria shareholdings. Upon Closing Carso Telecom/AMX will be afforded with industrial leadership and control of Telekom Austria. OIAG's position as a core shareholder will be protected by veto rights. read more...

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Austria / Slovenia: Schoenherr advises on largest M&A transaction in Slovenia: sale of majority stak

May 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised a group of shareholders of Slovenia's Helios Domžale d.d. and pledgees in Helios shares (together, the "sellers") in the sale of a majority stake in Helios to Ring International Holding (RIH), a Vienna-based industrial group. Following the closing of the transaction in April, RIH through its subsidiary Remho Beteiligungs GmbH held 77.93% of the shares in Helios. This transaction, which saw the sellers receive EUR 106 million, is the largest M&A deal in Slovenia and the country's first successful privatization in recent years. read more...

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Austria/Malta: Schoenherr advises Oesterreichische Volksbanken on sale of Volksbank Malta

April 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Österreichische Volksbanken-AG (OeVAG) on the sale of its fully-owned subsidiary Volksbank Malta Limited to Malta-based Mediterranean Bank plc. On 11 April 2014, OeVAG and Mediterranean Bank signed a Share Purchase Agreement for 100% of the shares in Volksbank Malta. Closing shall take place after the required approvals of the relevant regulatory bodies are received. read more...

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Austria: Stefan Kuehteubl new head of Employment practice at Schoenherr

April 2014. Press Releases by Schönherr (view listing).

Stefan Kuehteubl will join Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), as a partner and the head of the firm's Employment practice as of July 2014. A highly-regarded employment law practitioner, Kuehteubl will be returning to Schoenherr, where he previously worked as a member of its employment team between 1999 and 2004. During the past ten years, he worked in a well-known Vienna-based employment law boutique, in which he was a partner since 2008. read more...

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Austria: Stefanie Stegbauer promoted to counsel at Schoenherr

February 2014. Press Releases by Schönherr (view listing).

Stefanie Stegbauer has been promoted to counsel at Schoenherr, a leading corporate law firm in Central and Eastern Europe, as of the start of February 2014. Stegbauer specializes in Austrian and European competition law and represents clients in antitrust and Phase 1 and Phase 2 merger control proceedings before both the Austrian Competition Authority and the country's Cartel Court, as well as before the European Commission and the European Court of Justice. read more...

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Austria: New legal remedy against police activities within criminal investigations

February 2014. Press Releases by Schönherr (view listing).

By 1 January 2014, any measure taken by the police within the pre-trial investigative phase of criminal proceedings which violates subjective rights of the affected person underlies the scrutiny of a judge at the regional criminal court. read more...

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Austria: Wolfgang Tichy promoted to partner at Schoenherr

February 2014. Press Releases by Schönherr (view listing).

Wolfgang Tichy has been promoted to partner at Schoenherr, a leading corporate law firm in Central and Eastern Europe, as of February 2014. A specialist in real estate and IT law, Tichy has been a member of Schoenherr's Real Estate practice since joining the firm in 2005. In the sphere of real estate law, he focuses on contractual matters, construction contracts, claim management and litigation. IT law is a further central focus of his practice.

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Belgium / European Union: Schoenherr expands its EU presence with a fully-fledged Brussels office

February 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), is expanding its EU and Competition practice with a reinforced and newly-staffed office in Brussels. Volker Weiss, a partner in Schoenherr's competition practice, will head the Belgium office. Volker Weiss has relocated from Vienna to Brussels, where he leads a team of EU & Competition law specialists from Schoenherr's CEE offices. read more...

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Schoenherr capital markets partner Ursula Rath joins firm's equity

January 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, has invited Ursula Rath, a Vienna-based partner in its Banking, Finance, and Capital Markets practice, into the firm's equity. Rath, who served as lead lawyer on a number of the most prominent capital markets transactions in Austria in recent years, will become an equity partner in Schoenherr commencing with the firm's next financial year on 1 February 2014. read more...

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Austria: Schoenherr advises ÖVAG on sale of financing portfolio

January 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, together with the Viennese law firm Vavrovsky Heine Marth, advised Österreichische Volksbanken-AG (ÖVAG) on the sale of a financing portfolio with an approximate nominal value of EUR 428 million to CA Immobilien Anlagen AG. read more...

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Austria/CEE: Schoenherr presents roadmap14: a fresh and colourful publication for lawyers

January 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), has just published the newest edition of roadmap, its renowned annual legal publication providing an overview of the most topical business law topics and developments in the CEE region, as well as insights and analyses. Consisting of 100 articles covering 12 practice areas written by authors from 13 CEE countries as well as from Turkey, this year's roadmap is the first to be offered in multiple languages - namely, English and the individual author's native language - in its online version: read more...

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Schoenherr advises Seven Mile Capital

January 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised New York-based private equity firm Seven Mile Capital Partners II LP, alongside lead counsel Willkie Farr Gallagher (New York), on its USD 120 million acquisition of the Austrian and US operations of Microporous, a leading producer of lead-acid battery separators, from Polypore International, Inc. As part of the transaction, Seven Mile Capital acquired the Microporous lead-acid battery separator facilities in the USA (Piney Flats, Tennessee) and Austria (Feistritz im Rosental, Carinthia). read more

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Austria/Belgium (EU): Schoenherr promotes EU & Competition law expert Volker Weiss to equity partner

January 2014. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, has extended equity to Volker Weiss, a partner in the firm's EU & Competition practice. Volker Weiss, whose practice focuses on European and Austrian competition law, will become an equity partner as of 1 February 2014, the start of the firm's financial year. At the same time, Volker Weiss will become resident in Belgium to lead Schoenherr's expanded offering of EU law and Competition law advisory via its Brussels office. read more...

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Austria: Diana-Maria White promoted to Counsel at Schoenherr

November 2013. Press Releases by Schönherr (view listing).

Diana-Maria White has been promoted to the position of Counsel at the Vienna office of Schoenherr, one of the leading corporate law firms in Central and Eastern Europe, as of 1 September 2013. 

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Poland: Schoenherr advises EVO Payments International on acquisition of majority stake in eService

November 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised EVO Payments International LLC on the acquisition of a majority stake in Poland's eService S.A. from PKO BP S.A., the largest bank in Poland, for USD 113.5 million, subject to an earn-out mechanism. EVO Payments International is one of the largest payment service providers in North America and is rapidly expanding its European presence. read more...

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Austria/CEE: Schoenherr advises UNIQA on successful EUR 757 million re-IPO

November 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Vienna Stock Exchange-listed UNIQA Insurance Group AG (UNIQA) on its rights offering in the context of a re-IPO. 

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Austria/Croatia/Slovenia: Schoenherr advises UNIQA on EUR 75 mn acquisition of Baloise Group units

October 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Vienna Stock Exchange-listed UNIQA Insurance Group AG (UNIQA) on its acquisition of the Croatian and Serbian insurance companies of Switzerland's Baloise Group.

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Schoenherr advises sellers in sale of majority stake in Helios to Austria's RIH

October 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised a group of shareholders of Slovenia's Helios Domžale d.d. and pledgees in Helios shares (together, the "sellers") in the sale of a majority stake in Helios to Ring International Holding (RIH), a Vienna-based industrial group. 

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Romania: Senior Competition Council official strengthens Schoenherr's competition practice

October 2013. Press Releases by Schönherr (view listing).

Georgeta Gavriloiu has joined the Bucharest office of Schoenherr as senior associate in the firm's competition practice in Romania. A renowned personality on competition matters and most recently a senior official at the Romanian Competition Council, Gavriloiu further strengthens Schoenherr's standing as a preeminent source of legal advice on competition and antitrust issues, both in Romania and across the firm's additional 13 offices in the CEE region. 

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Czech Republic: Jitka Linhartova named new head of Schoenherr's competition practice

October 2013. Press Releases by Schönherr (view listing).

Jitka Linhartová, a well-respected competition specialist, has assumed the responsibilities of the new head of the competition practice in the Prague office of Schoenherr, a leading corporate law firm in Central and Eastern Europe. Under Linhartová's leadership, the competition team in Prague will continue to provide top-tier competition, state aid and public procurement advice and will also focus on regulation issues in the energy, telecommunications, and waste management industries. read more...

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Austria: Eight guidelines for extra-judicial restructurings in Austria

September 2013. Press Releases by Schönherr (view listing).

The extra-judicial restructurings in Austria over the past few years have shown that reliable cooperation among the country's banks when working with financially troubled companies is crucial in minimizing damages for all participants. For this reason, Schoenherr - a leading corporate law firm in Central and Eastern Europe - has worked together with the three leading banking groups in Austria (Raiffeisen Bank International, Erste Group Bank, and UniCredit Bank Austria) in drafting a handbook on how restructurings can best be approached. read more...

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Austria: Public procurement law expert Johannes Stalzer joins Schoenherr as Counsel

September 2013. Press Releases by Schönherr (view listing).

Johannes Stalzer, a recognized expert in public procurement law, has joined Schoenherr as Counsel as of mid-September. He heads the Public Procurement Law team in the Regulatory practice group at Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE).

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Austria: Real estate expert Arabella Eichinger joins Schoenherr as Counsel

September 2013. Press Releases by Schönherr (view listing).

Arabella Eichinger, a well-respected real estate and construction law expert, has joined Schoenherr as Counsel with the start of September.

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Austria/Czech Republic/Hungary/Poland: Schoenherr advises Triton in purchase of ALPINE-ENERGIE

August 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, together with Linklaters (Munich) and Lenz & Staehelin (Zurich) advised the investment firm Triton on its purchase of ALPINE-ENERGIE Holding AG, the infrastructure service provider headquartered in Austria. 

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Austria / Bulgaria: Alexandra Doytchinova new partner at Schoenherr

August 2013. Press Releases by Schönherr (view listing).

Alexandra Doytchinova has been promoted to partner at Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE). An expert for corporate/M&A and project development matters with a focus on foreign direct investment in the CEE region, Doytchinova has guided the development of Schoenherr's activities in Bulgaria since 2004 and has served as the managing partner of the firm's Sofia office since then. read more...

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Romania: Catalin Suliman joins Schoenherr Romania as head of competition practice

July 2013. Press Releases by Schönherr (view listing).

Cătălin Suliman has joined the Bucharest office of Schoenherr, one of the leading corporate law firms in Central and Eastern Europe, as head of the firm's competition practice in Romania.

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Austria/CEE: Schoenherr further expands its strong standing in new Chambers Global rankings

April 2013. Press Releases by Schönherr (view listing).

Schoenherr's standing as a leading corporate law firm in Central and Europe Europe (CEE) has once again been confirmed by the rankings that Chambers & Partners, the distinguished legal directories publisher, released at the end of last week. Schoenherr practice areas in Austria and across CEE received a total of 17 rankings in the 2013 edition of Chambers Global, including seven top tier ("Band 1") rankings. Read more...

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Austria: Schoenherr advises NOVOMATIC on acquisition of majority stake in I-NEW

April 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised NOVOMATIC AG, one of the world's largest producers and operators of gaming technologies, in connection with its investment in I-NEW Unified Mobile Solutions AG. Following the 19 April 2013 signing, NOVOMATIC's acquisition of a 50.097 percent stake in I-NEW is expected to close in around two months. The parties agreed to keep the financial terms of the transaction confidential. Read more...

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Schoenherr further expands its strong standing in new Chambers Global rankings

March 2013. Press Releases by Schönherr (view listing).

Schoenherr's standing as a leading corporate law firm in Central and Europe Europe (CEE) has once again been confirmed by the rankings that Chambers & Partners, the distinguished legal directories publisher, released at the end of last week. Schoenherr practice areas in Austria and across CEE received a total of 17 rankings in the 2013 edition of Chambers Global, including seven top tier ("Band 1") rankings.

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Austria/Turkey: Schoenherr advises Ganahl group on its Turkey expansion

February 2013. Press Releases by Schönherr (view listing).

Schoenherr advised Austrian packaging group Ganahl AG on the acquisition of MKB Oluklu Mukavva Kutu ve Ambalaj San. Tic. A.S. ("MKB"). MKB is active in the corrugated packaging industry in Turkey, a sector which is currently attracting a lot of foreign investors. The transaction has been completed in February this year. The parties agreed to keep the purchase price confidential.

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AT: Schoenherr publishes second edition of English-language basic primer on Austrian employment

January 2013. Press Releases by Schönherr (view listing).

The need for English-language specialist literature on legal issues in Austria has risen with the increasing internationalisation of firms active in the country. Now available in a revised second edition, "Employment Law: A Basic Primer" provides interested practitioners with an overview of the most important provisions of Austrian employment law.

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AT/CEE: Schoenherr advises bauMax creditors on financial restructuring package

January 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading full-service corporate law firm in Central Europe, advised a group of some 40 Austrian and international creditors (lenders, bondholders and hedge counterparties) on the negotiation and execution of a comprehensive financial restructuring package for bauMax group, a leading DIY retailer in Austria and the CEE region.

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AT: Schoenherr advises Austrian pharmaceutical wholesaler Jacoby...

January 2013. Press Releases by Schönherr (view listing).

on its merger with gm pharmaSc

Schoenherr, a leading full-service corporate law firm in Central Europe, advised Austrian pharmaceutical wholesaler Jacoby Pharmazeutika AG on its merger with its peer gm pharma gmbh. The merger received regulatory approval on 20 December 2012. Following the completion of the deal, which is expected during the second quarter of 2013, Jacoby's owners will hold 70 per cent of the newly-combined entity Jacoby GM Pharma GmbH, with gm pharma's shareholders holding the remainder.

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AT/Central Europe: Schoenherr maintains its top position in the Austrian M&A market in 2012

January 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading full-service corporate law firm in Central Europe, maintained its top position in the Austrian M&A market in 2012, according to the league tables for legal advisors* published by the Financial Times Group's business intelligence subsidiary mergermarket. According to mergermarket's deals database, Schoenherr's M&A practice ranked No 1 in terms of the number of qualifying Austrian M&A transactions it advised on in 2012. Having ranked first on this basis in mergermarket's 2011 league table for Austria, Schoenherr thus continued to lead its legal advisory peers, 48 of which managed to earn a ranking in the 2012 table.

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AT: Schoenherr advises France Telecom in sale of Orange Austria to Hutchison

January 2013. Press Releases by Schönherr (view listing).

Schoenherr, a leading full-service corporate law firm in Central Europe, advised France Telecom-Orange as overall transaction counsel in the telecom company’s recently completed sale of its shareholding in Orange Austria to a unit of Hutchison Whampoa.

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Schoenherr advises Daimler on the reorganization of its joint-venture with Pappas

January 2013. Press Releases by Schönherr (view listing).

The Central European law firm Schoenherr advised Daimler AG on the reorganization of its joint-venture with the Austrian Pappas family. Daimler will acquire Pappas' share in Mercedes-Benz Österreich Vertriebsgesellschaft mbH (the general importer of Mercedes-Benz, smart and Fuso cars) and Mercedes-Benz Financial Services Austria GmbH, the Aus-trian financial services provider. Further, Daimler and Pappas will restructure the Austrian spare parts wholesale business from 1 January 2014; Daimler will provide spare parts from its logistics center in Nuremberg, Germany. Completion of the transaction is subject to merger control clearances. The purchase price is confidential.

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Schoenherr advises NOVOMATIC AG in connection with

November 2012. Press Releases by Schönherr (view listing).

Schoenherr, a leading full service corporate law firm in Central Europe, advised NOVOMATIC AG, one of the world's largest producers and operators of gaming technologies, in connection with its investment in TAP dayli Vertriebs GmbH. TAP dayli (the former Austrian subsidiary of the discount retailer Schlecker) currently operates approximately 1,400 branches in 5 countries.

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Schoenherr set to fully integrate Turkish law firm Türkoğlu & Celepçi

October 2012. Press Releases by Schönherr (view listing).

Schoenherr, a leading law firm in Central Europe, is set to fully integrate Turkey's CTK Türkoğlu & Celepçi, with whom Schoenherr has worked closely since 2007 and has had a formal cooperation since autumn 2010. At a shareholders meeting at the end of Septem-ber, Schoenherr's partners decided unanimously to merge with Türkoğlu & Celepci, with the merger becoming effective as of 1 February 2013, the start of the Vienna-based law firm's business year.

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Austria/UK: Schoenherr advises C-QUADRAT in acquisition of UK fund management group BCM

October 2012. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central Europe, advised C-QUADRAT Investment AG (C-QUADRAT), which is listed on the Vienna and Frankfurt stock exchanges, in connection with the acquisition of the UK fund management group BCM & Partners for approximately EUR 13.4 million in cash and treasury shares. Closing of the transaction is inter alia subject to the approval by the UK Financial Services Authority.

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Austria: Schoenherr advises OEVAG on the successful sale of the container leasing business

October 2012. Press Releases by Schönherr (view listing).

The Republic of Austria agreed to invest and become a shareholder in Österreichische Volksbanken-AG (ÖVAG) in spring 2012. In this context, a number of measures and steps were agreed to further improve and strengthen the capital position and capital ratios of ÖVAG. In addition to increasing the focus on Austria, it was agreed to reduce the assets of the bank. ÖVAG continues to execute vigorously on this strategy and has now taken another significant step by completing the sale of its container-leasing unit which had been agreed previously on 17 July 2012. The sale of assets owned by Investkredit in Frankfurt to DZ-BANK in the amount of EUR 400 million has also been completed.

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Austria/Central and Eastern Europe Schoenherr advises initial purchasers on...

October 2012. Press Releases by Schönherr (view listing).

Continental Group's USD 950 million bond issue 

Schoenherr, a leading law firm in Central Europe, represented the bookrunners and initial purchasers led by BofA Merrill Lynch, Credit Agricole CIB, Deutsche Bank, HSBC, J.P. Morgan and RBS on the Austrian, Hungarian, Romanian and Slovak law aspects of a USD 950 million high yield bond issued by Continental Rubber of America, Corp., USA.

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Austria: Schoenherr scoops five legal awards from Austria’s Die Presse

October 2012. Press Releases by Schönherr (view listing).

Schoenherr further strengthened its standing as the leading corporate law firm in Austria by winning five "Advocatus" legal awards from the distinguished newspaper Die Presse.

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Schoenherr advises C-QUADRAT in acquisition of UK fund management group BCM

September 2012. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central Europe, advised C-QUADRAT Investment AG (C-QUADRAT), which is listed on the Vienna and Frankfurt stock exchanges, in connection with the acquisition of the UK fund management group BCM & Partners for approximately EUR 13.4 million in cash and treasury shares. Closing of the transaction is inter alia subject to the approval by the UK Financial Services Authority.

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Schoenherr scoops five legal awards from Austria's Die Presse

September 2012. Press Releases by Schönherr (view listing).

Schoenherr further strengthened its standing as the leading corporate law firm in Austria by winning five "Advocatus" legal awards from the distinguished newspaper Die Presse.

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Schoenherr advises ÖVAG on the successful sale of the container leasing business

September 2012. Press Releases by Schönherr (view listing).

The Republic of Austria agreed to invest and become a shareholder in Österreichische Volksbanken-AG (ÖVAG) in spring 2012. In this context, a number of measures and steps were agreed to further improve and strengthen the capital position and capital ratios of ÖVAG. In addition to increasing the focus on Austria, it was agreed to reduce the assets of the bank. The reduction efforts shall focus predominantly on assets in the Real Estate and Corporate segments.

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Schoenherr advises Valora Group on sale of Valora Services Austria to Germany's Trunk Group

August 2012. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central Europe, advised Swiss Exchange-listed Valora on the sale of Valora Services Austria to Germany's Trunk Group, a well-established player in the press distribution market. Under the terms of the transaction, Trunk Service GmbH will acquire 100% of the outstanding shares of Valora Services Austria, which in 2011 generated some CHF 120 million in net revenues and an operating profit of CHF 3.4 million.

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Schoenherr advised EQT Partners on the EUR 220 Million acquisition of...

August 2012. Press Releases by Schönherr (view listing).

Austria's UC4 Software Group from Carlyle

EQT VI has agreed to acquire UC4 Software Group ("UC4" or the "Company") from Carlyle Europe Technology Partners, UC4's founder Franz Beranek, and its management for an enterprise value of EUR 220 million.

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Schoenherr advises in EUR 300 million bond issue by Schaeffler Group

July 2012. Press Releases by Schönherr (view listing).

Schoenherr, a leading law firm in Central Europe, advised Deutsche Bank, Barclays, Bayrische Landesbank and Citigroup Global Markets in their role as the global lead managers and initial purchasers of the EUR 300 million high yield bond issued by Germany’s Schaeffler Group at the beginning of July.

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Schoenherr advises Siemens on sale of Siemens Pension Fund to Valida

July 2012. Press Releases by Schönherr (view listing).

Schoenherr, a leading corporate law firm in Central Europe, advised Siemens Aktienge-sellschaft Österreich on the sale of its pension fund Siemens Pensionskasse AG to Valida Holding AG.

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Schoenherr advises HYPO NOE Group on its purchase from first facility

July 2012. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised HYPO NOE Gruppe on its acquisition of Facility Management company's first facility corporation. NÖ HypoBeteiligungsholding GmbH, a 100% daughter company of HYPO NOE Gruppe Bank AG, came first with the best offer in a bidding procedure coordinated by KPMG Advisory.

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Schoenherr advises UNIQA Versicherungen AG on EUR 500 million rights offering

July 2012. Press Releases by Schönherr (view listing).

Schoenherr, a leading law firm in Central Europe, advised Vienna Stock Exchange-listed UNIQA Versicherungen AG (UNIQA) on its EUR 500 million rights offering, which launched 28 June 2012.

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New Vienna office for Schoenherr on the Ringstrasse

July 2012. Press Releases by Schönherr (view listing).

Schoenherr, one of the leading law firms in Central Europe, has found a new office location and will be moving from five separate premises to a single location at Schottenring 19.

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schoenherr advises Sun Chemical on acquisition of Benda-Lutz Werke GmbH

June 2012. Press Releases by Schönherr (view listing).

Schoenherr advised Sun Chemical in connection with the acquisition of the Ben-da-Lutz metallic effects business. Closing of the transaction is, inter alia, subject to merger control clearance and is expected to occur in the 3rd quarter of 2012.

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Hans Georg Laimer is the new Head of Emloyment Practice

June 2012. Press Releases by Schönherr (view listing).

Hans Georg Laimer (37), who was appointed partner at Schoenherr At-torneys at Law at the beginning of 2012, is the new head of the firm’s employment law practice.

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Schoenherr advises PERFORM Group Plc on the EUR 120 million acquisition of...

June 2012. Press Releases by Schönherr (view listing).

Sports data company RunningBall

Schoenherr advised London Stock Exchange listed digital sports specialists PERFORM Group plc in connection with the acquisition of the Austrian subsidiary of Swiss-based sports data company RunningBall AG for EUR 120 million in cash and shares. Transaction counsel was Wiggin LLP, London. The transaction was closed on June 1, 2012. 

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Schoenherr’s leading position in Austria and CEE once again confirmed by superb Chambers rankings

May 2012. Press Releases by Schönherr (view listing).

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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Austria: New Fees Regime for Public Procurement Review Proceedings

May 2012. Press Releases by Schönherr (view listing).

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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Schoenherr advises WAZ Media Group in the sale of its subsidiary Media Print Macedonia

May 2012. Press Releases by Schönherr (view listing).

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 Hamer joins the Schoenherr Banking & Finance Team as a Partner

May 2012. Press Releases by Schönherr (view listing).

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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Schoenherr acts as consortium leader in two projects addressing the implementation of the...

April 2012. Press Releases by Schönherr (view listing).

the implementation of the Renewable Energy Directive

The Central European law firm Schoenherr acted as Consortium Leader for a project assisting the Directorate General for Energy in its assessment of the Renewable Energy Directive’s implementation in the national legislation of all 27 EU member states. 

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Schoenherr advises AGRANA on the founding of a joint venture with Raiffeisen Ware Austria

April 2012. Press Releases by Schönherr (view listing).

The Central European law firm Schoenherr advised AGRANA Beteiligungs-AG (AGRANA), which is listed on the Vienna Stock Exchange, in the merger of its fruit juice concentrate subsidiary AGRANA Juice Holding GmbH with Ybbstaler Fruit Austria GmbH, a subsidiary of Raiffeisen Ware Austria AG (RWA).

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Schoenherr Top 1 in Merger Market M&A League Table Rankings for Austrian M&A in 2011

March 2012. Press Releases by Schönherr (view listing).

Central European law firm schoenherr reached top position in the Austrian M&A market according to 2011 MergerMarket League tables* for Legal Advisors. Schönherr´s M&A practice is ranked No 1 in terms of number of qualifying deals for Austrian M&A for the year 2011 and has reached the top position among 74 listed legal advisors.

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Austria: Movement on the Austrian mobile communications market:

February 2012. Press Releases by Schönherr (view listing).

Europa Partners and France Telecom sell Orange Austria to Hutchison ("Drei")

The recent sale of the Orange Austria group to Hutchison 3G Holdings Austria GmbH (Hutchison Austria), a subsidiary of Hutchison Whampoa Limited, Hongkong, has kept several leading law firms busy for weeks. 

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Schoenherr advises SECURITAS AB on the acquisition of Croatian security services provider PROTECT

January 2012. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr advised the Stockholm SE listed SECURITAS AB, one of the world's largest security companies, on the acquisition of the 85% interest in the Croatian security services provider PROTECT d.o.o. Ri-jeka and the indirect acquisition of its subsidiary PROTECT EDUCA. The agree-ment includes an option of acquiring the remaining 15%. The enterprise value of the acquired 85% of the shares is estimated to be EUR 5.7 million.

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Schoenherr presents roadmap 12 – “The rules of the game”

January 2012. Press Releases by Schönherr (view listing).

illustrated by Serbian artist Igor Marsenić

Now in its sixth edition, the Central European law firm Schoenherr released its new road-map at the beginning of the year. 

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Schoenherr advises BEWAG on the sale of BKF Das Burgenland Fernsehen GmbH

January 2012. Press Releases by Schönherr (view listing).

Schoenherr has advised Austrian energy provider BEWAG on the sale of its shares in the Burgenland cable TV service provider BKF to schau media Wien GesmbH, which is part of the Vienna Bohmann publishing-group.

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Molodva: New Act on Personal Data Protection in Mol dova

January 2012. Press Releases by Schönherr (view listing).

On 8 July 2011 the Parliament of the Republic of Moldova passed Act No. 133/2011 on personal data protection in Moldova (Act No. 133). Act No. 133 will enter into force from 15 April 2012 and implements new norms on the protection of individuals with regard to the processing of personal data, registration procedures (notification) for processors of personal data, and rules on the cross-border transfer of personal data.

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Schoenherr advised SEKISUI Chemical Co., Ltd. on high level investment into Central & Eastern Europe

January 2012. Press Releases by Schönherr (view listing).

Schoenherr advised Japanese SEKISUI Chemical Co., Ltd. in connection with the acquisition of a 75% share in the pipe-renewal business of the rabmer-Group, a family owned Austrian group of companies with its ultimate parent company, rabmer Holding GmbH, being based in Altenberg, Austria. The strong presence of rabmer in Central and Estern Europe will serve as door opener to SEKISUI who was looking to enter the market.

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Schoenherr publishes practice guide on non performing loans in Central and Eastern Europe

December 2011. Press Releases by Schönherr (view listing).

Throughout the CEE/SEE region, the percentage of non-performing loans (NPLs) to total loan receivables has increased dramatically during the current economic cycle. With its guide on "Non performing loans in Central Europe – disposal / acquisition strategy" Central European law firm Schoenherr presents a practical guideline for those contemplating to sell NPLs as part of their strategy of active-ly managing distressed credits as well as for potential investors in this asset class.

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Schoenherr advises Tele2 on acquisition of Silver Server

November 2011. Press Releases by Schönherr (view listing).

The Central European law firm Schoenherr advised the listed Swedish telecommunications group Tele2 on its acquisition of the Austrian internet service provider Silver Server. Finalisation of the transaction is subject to merger control clearance. The purchase price is undisclosed.

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Schoenherr advises Valora on acquisition of "press & more"

November 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr advised Swiss consumer goods group Valora on its acquisition of the majority of K. Schmelzer-J. Bettenhausen GmbH & Co KG.

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Further expansion of Österreichische Post AG into CEE

November 2011. Press Releases by Schönherr (view listing).

Schoenherr has advised listed Österreichische Post AG in connection with the acquisition of a 26% stake in Romanian PostMaster s.r.l. (including an option to acquire the remain-ing 74% stake within two years).

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Schoenherr decides the Czech-American “Beer War“ for its client Anheuser-Busch

November 2011. Press Releases by Schönherr (view listing).

02.11.2011
The Central European law firm Schoenherr has achieved an important and final success for the American brewing company Anheuser-Busch, after 12 years of litigation with the Czech Budweiser Budvar National Corporation.

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Schoenherr advises VTB on Bulgartabac Privatisation

October 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised VTB Capital, the investment arm of VTB, Russia’s second largest bank, on the acquisition of a controlling stake in Bulgartabac Holding AD (Bulgartabac). The Bulgarian government officially launched the privatisation of Bulgartabac in May 2011 and the transaction was closed on 14 October 2011.

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Schoenherr advises Atlas Copco MAI GmbH on sale of selfdrilling anchor business to Minova

October 2011. Press Releases by Schönherr (view listing).

17.10.2011 Central European Law Firm Schoenherr advised Atlas Copco MAI GmbH on selling its selfdrilling anchors business to Minova, a member of the Australian group Orica Limited. According to a company press release, the business involves rock bolts primarily used in civil engineering applications. The deal is in line with Atlas Copco’s strategy in the rock reinforcement area to focus on products for the mining industry.

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Schoenherr advises Österreichische Volksbanken AG on the Sale of Volksbank International to Sberban

September 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised Österreichische Volksbanken AG (ÖVAG) on the sale of Volksbank International AG (VBI) to Sberbank of Russia.

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M&A dealmaker Robert Bachner returns to Schoenherr as Partner

September 2011. Press Releases by Schönherr (view listing).

As from 1 February 2012, Robert Bachner (39) will strengthen the Central European firm Schoenherr as partner. The renowned M&A and infrastructure project expert thus returns to Schoenherr after a six-year break, where – except for a two-year foreign sojourn (including as a lawyer with Sullivan & Cromwell in New York and Frankfurt) – he worked from 1997 to 2005.

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Schoenherr advises M-real on divestiture of M-Real Hallein GmbH to Schweighofer Group

July 2011. Press Releases by Schönherr (view listing).

04.07.2011
Central European Law Firm Schoenherr advised M-real Group, Finland, on the sale of M-Real Hallein GmbH to Schweighofer Group.

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Schoenherr publishes primer on White Collar Crime in Central and Eastern Europe

June 2011. Press Releases by Schönherr (view listing).

As corporations become more international and grow in size, so does their liability risk as well as that of their managers. White Collar Crime – especially bribery, fraud and money laundering – and Compliance is steadily gaining in significance.

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Schoenherr advises Bewag on the sale of Croatian B.net to Telekom Austria

June 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised the Austrian energy provider Bewag on the sale of the Croatian telecommunications provider B.net to Telekom Austria, which will take over the company through its Croatian subsidiary Vipnet.

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Austria: The Duties of a Supervisory Board Member towards his Former Company

May 2011. Press Releases by Schönherr (view listing).

Stephan Frotz, Clemens Spitznagel

Is a supervisory board member justified in taking a decision which helps his current company at the expense of his former company?

Background
In spring 2010 a considerable former Austrian politician stepped down from his supervi-sory board seat at a big Austrian stock company (A-AG). A few days later, it became known that he had been elected chairman of the supervisory board of another Austrian stock company (B-AG). Due to the fact that both companies were strong competitors this “change over” caused harsh reactions from A-AG. The main apprehension was the poten-tial disclosure of confidential information he, as a former supervisory board member, had collected through his activities on the supervisory board. This led to lively public discus-sions about under which circumstances the acceptance of a supervisory board mandate might be inappropriate or even illegal.

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Poland: Schoenherr further strengthens Warsaw office

May 2011. Press Releases by Schönherr (view listing).

09.05.2011
Central European law firm Schoenherr has hired Pawel Hawla as local partner for its Warsaw office. At Schoenherr he will be part of the Warsaw corporate / M&A practice, where he will focus in particular on M&A and equity capital market transactions. Paweł joins Schoenherr from the local office of international law firm Salans at the beginning of May.

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Poland: Schoenherr strengthens Warsaw office

Central European law firm Schoenherr has hired Katarzyna Terlecka as partner for its Warsaw office. She will join the firm from the local offices of Allen & Overy on June 1st. At the same time, Florian Cvak, partner with Schoenherr focusing on Private Equity and M&A, will be appointed managing partner of the firm’s Warsaw office.

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11New feed-in tariff for renewable energy proj-ects in Bulgaria

April 2011. Press Releases by Schönherr (view listing).

On 31 March 2011 the Bulgarian State Regulatory Energy and Water Commission announced the new feed-in tariff for electricity generated from renewable energy sources for 2011.

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schoenherr advises EC on implementation of Renewable Energy Directive

February 2011. Press Releases by Schönherr (view listing).

Central European firm Schoenherr has been appointed by the European Commis-sion Directorate General for Energy as leader of a consortium to advise the Commission on the project called "Best Renewable Energy Practices in EU 27".

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Schoenherr advises Monier on BRAMAC acquisition

February 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised Monier Group on the acquisition of the remaining shares in BRAMAC from joint-venture partner Wienerberger. Until now, both companies held a 50 percent stake in BRAMAC, a leading roof building material producer with a presence in 12 countries in Central Europe. Simultaneous to the acquisition of BRAMAC, Monier sold its minority stake in the Austrian roof tile manufacturer Tondach Gleinstätten to brick producer Wienerberger. Closing of the transactions is subject to clearance by the competent antitrust authorities.

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schoenherr advises brokers on Fondul Proprietatea listing

January 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised Raiffeisen Capital & Investment SA, ING Bank Bucharest Branch, and BRD-Groupe Société Générale SA as brokers on the Bu-charest listing of Fondul Proprietatea, the Romania based investment company with a portfolio consisting of stakes in 83 companies. The first trading day on the Bucharest Stock Exchange (BVB) is planned for 25 January, 2011.

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Schoenherr advises Silgan Holdings on Vogel & Noot acquisition

January 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised NASDAQ-listed Silgan Holdings Inc., USA, on the acquisition of the food can business of Austrian Vogel & Noot Holding AG. The acquisition includes 12 food can manufacturing facilities throughout Central and Eastern Europe.

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schoenherr advises Advent International on sale of Takko to Apax

January 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised Advent International, a leading global private equity firm, headquartered in Boston (USA), on the sale of Takko Holding GmbH to the British private equity investment group Apax Partners. With some 1,500 outlets in Germany and abroad, Takko is among the most successful fashion retailers in Europe.

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Schoenherr advises NXP Semiconductors NV on sale of Sound Solution business to Dover Corporation,USA

January 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised NXP Semiconductors N.V. on the sale of its Vienna-headquartered Sound Solutions business to Dover Corporation. Dover’s af-filiate Knowles Electronics will acquire NXP’s Sound Solutions business for EUR 652 mil-lion.

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schoenherr advises Silgan Holdings on Vogel and Noot acquisition

January 2011. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised NASDAQ-listed Silgan Holdings Inc., USA, on the acquisition of the food can business of Austrian Vogel & Noot Holding AG. The acquisition includes 12 food can manufacturing facilities throughout Central and Eastern Europe.

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schoenherr advises WAZ medien on Bulgarian sale

December 2010. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised German media group WAZ Media Group on the sale of Bulgarian daily newspapers "Trud" and "24 Chasa" and weekly "168 Chasa" to BG Printmedia and a group of private investors. In addition to the titles, WAZ will also transfer its printing facility "Sofia" and the distribution company "Strela" to BG Printmedia.

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schoenherr advises Securitas on two acquisitions

December 2010. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has advised Swedish security services company Securitas AB on two takeovers in Romania and Bosnia and Herzegovina. In Romania Se-curitas expanded its market share by the acquisition of Cobra Security from UTI Group, while in Bosnia and Herzegovina the company made a market entry by the purchase of the Alarm West Group.

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schoenherr and freshfields advise on volkswagen / porsche holding salzburg acquisition

November 2010. Press Releases by Schönherr (view listing).

The family shareholders of Porsche Holding Salzburg have resolved to exercise the put option to sell to Volkswagen AG the operating business of Porsche Holding Salzburg. The put option to this effect was exercised yesterday. The transfer of the automobile trade company will take place at a fixed price of EUR 3.3 billion, probably during the first half of 2011 but no later than September 30, 2011.

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Schoenherr extends equity to central europe

November 2010. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has, for the first time, invited lawyers from outside its Vienna head-quarters into the firm’s equity. The five new partners - based in Belgrade, Bucharest and Prague - will make up more than a fifth of the partnership.

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Schoenherr promotes head of Romanian Capital Markets team to partner

October 2009. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has promoted Narcisa Oprea to partner in the firm’s Bucharest office. Narcisa, who recently received an award for leading capital markets lawyer in Romania from publishing group FinMedia, joined Schoenherr in May 2008 to head the Romanian Capital Markets team.

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Continued growth for Schoenherr's tax practice

September 2009. Press Releases by Schönherr (view listing).

The tax practice of Central European law firm Schoenherr has continued its expansion during the summer. Herbert Buzanich has joined the team and Andreas Baumann, who joined Schoenherr in late 2007, was promoted to junior partner.

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Schoenherr promotes Ursula Rath to partner

August 2009. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr has promoted Ursula Rath to partner in its Banking & Finance / Capital Markets Practice Group. Ursula, who specialises in capital markets transactions, investment funds and financial services including regulatory aspects, has acted on some of the most visible and innovative transactions in the Austrian market.

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Schoenherr advises Volkswagen on creation of Integrated Automotive Group with Porsche

August 2009. Press Releases by Schönherr (view listing).

Central European law firm Schoenherr is advising German car manufacturer Volkswagen on the Austrian and CEE aspects of the creation of an integrated automotive group with Porsche led by Volkswagen.

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Schoenherr gains eight new partners

January 2009. Press Releases by Schönherr (view listing).

European law firm Schoenherr has increased its partnership by 8 lawyers, lifting the total number of firm-wide partners to 53. In the Vienna office Florian Cvak, Alexander Popp and Gudrun Stangl were promoted, while five partners were taken on board as part of the takeover of the former Gleiss Lutz offices in Prague and Warsaw.

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Schoenherr in decisive Central European push: office openings in Czech Republic, Poland and Slovakia

December 2008. Press Releases by Schönherr (view listing).

Vienna 01.12.2008 - European law firm Schoenherr is increasing its coverage of Central Europe by opening offices in the Czech Republic, Poland and Slovakia. The openings in these more established markets place Schoenherr, as a leading legal service company, into a unique position in the region: its network of offices in Central Europe is unmatched by any other law firm.

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Schoenherr advises Raiffeisen Centrobank on entry to Bucharest Stock Exchange

September 2008. Press Releases by Schönherr (view listing).

European law firm Schoenherr has advised Raiffeisen Centrobank AG on its admission as participant to the Bucharest Stock Exchange trading system, making the Austrian bank the second non-resident company to receive approval for remote trading on the Bucharest Stock Exchange platform.

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Legal Developments by:
Schoenherr (Schönherr Rechtsanwälte)

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
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  • 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.
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  • 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