Bär & Karrer Advised Banque Cantonale de Genève on the Increase of the Capital of La Foncière

La Foncière, a real estate fund governed by articles 58 et seq. of the Swiss Collective Investment Schemes Act, completed from 16 to 25 March 2020 an increase by 10% of the number of its units (parts) listed on the SIX Swiss Exchange. The 1’237’107 additional units were fully subscribed to, in spite of most …

AVELLUM advises BSTDB on secured loan to Prometey group

AVELLUM acted as the Ukrainian legal counsel to the Black Sea Trade and Development Bank (“BSTDB”) in connection with a long-term secured loan to Limited Liability Company “Butsefal” and Prometey Swiss SA in the total amount of up to USD10 million.

AVELLUM advises EBRD on EUR52.5 million loan facility to one of largest shopping malls in Odesa

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with a long term secured loan to Limited Liability Company “Novi Biznes Poglyady” (“NBP”) in the total amount of up to EUR52.5 million.

Austria/CEE: Schoenherr advises UNIQA on the acquisition of AXA subsidiaries in CEE for EUR 1bln

Once again, Schoenherr has advised on a billion-euro transaction in the CEE region: An international Schoenherr team assisted UNIQA on the acquisition of AXA subsidiaries in the Czech Republic, Poland and Slovakia for a purchase price of around EUR 1bln.

Austria/CEE: Schoenherr further strengthens leadership with promotions

Schoenherr is strengthening the ranks of equity partner, contract partner and counsel with new promotions effective as of 1 February 2020. With Pawel Halwa and Thomas Kulnigg, Schoenherr promotes two longstanding Schoenherr experts to equity partners. Constantin Benes, Leon Kopecký, Günther Leissler, Laurenz Schwitzer, Manuela Zimmermann, Georgiana Bădescu, Mădălina Neagu and Miloš Laković are promoted …

Coronavirus – What it means for businesses

Businesses across the world are feeling the strain of these difficult times brought about by the coronavirus pandemic. Yet business goes on and businesses must come to terms with the situation. We at the commercial law firm MTR Rechtsanwälte offer legal advice on a wide range of issues currently affected by the coronavirus.

Lease agreements, force majeure and fortuitous events

Not all lease agreements contain a force majeure provision. With respect to leases, force majeure is only referred to in “Sub-title I. Of the Letting of Things” of the Civil Code, article 1557, which refers to force majeure in one specific situation, namely the repair of damages: “The lessee shall in no case be responsible …

Partial Lockdown in Malta to have effect from 28 March 2020

On 26 March 2020 the Maltese government announced that with effect from Saturday morning 28 March 2020, people over sixty-five years of age and people with health-related conditions (irrespective of their age), including insulin-dependent diabetics, individuals with an immune suppression, patients currently undergoing chemotherapy or having done so over the past six months, and individuals …

Geschäftsschließung aufgrund Coronavirus – was bedeutet das für Vermieter und Mieter

Berlin, 25. März 2020 – Die Bundesregierung hat weitreichende Maßnahmen zur Eindämmung des Coronavirus erlassen. Ziel ist es, den Kontakt der Menschen untereinander auf ein Minimum zu begrenzen. Das öffentliche Leben soll zum Erliegen kommen. Umgesetzt werden diese Maßnahmen in den einzelnen Bundesländern durch Rechtsverordnungen. Rechtsgrundlage ist insoweit § 32 Abs. 1 des Infektionsschutzgesetzes vom …

DORDA advises sportsWorld on cooperation with F1 and EON

DORDA IP/IT and data protection experts Axel Anderl and Dominik Schelling support sportsWorld in a cooperation with Formula 1 in connection with the pop-up exhibition “Bond in Motion”.