Freshfields has advised Midea Group subsidiary Midea Electrics Netherlands on its EUR 750 million acquisition of the climate division from Arbonia AG. BDK Advokati advised Midea on the local aspects of the acquisition of Serbian company Termovent, as part of the broader transaction. Baker McKenzie advised Arbonia.

Fellner Wratzfeld & Partner has advised approximately 38% of the creditors in the restructuring proceedings of Pierer Industrie on a vote under the Restructuring Ordinance in Austria.

Austria’s data strategy is derived from the European data strategy. It aims to improve the framework conditions for the data economy and to promote the secure exchange and broad use of data.

The latest DLA Piper GDPR Fines and Data Breach Survey provides a comprehensive overview of data protection enforcement trends across Europe, including the Central and Eastern European (CEE) region. CEE countries are in the mid-range in terms of total GDPR fines imposed since the regulation became applicable in 2018 and for last year, but enforcement activity is steadily increasing. Here are the latest trends and legal developments in Austria, the Czech Republic, Hungary, Poland, Romania, and Slovakia.

The Austrian Beneficial Owners Register Act (BORA) requires certain legal entities to report their ultimate beneficial owners (UBO) recurringly, at least once a year and whenever changes occur in an entity's UBO.

Baker McKenzie has advised Dertour Group on its acquisition of the Hotelplan Group, with the exception of Interhome, which is being acquired by the HomeToGo Group. Bar & Karrer reportedly advised the seller – Migros.

Kinstellar and Binder Groesswang, working with Jeantet, have advised LC Hospitality Holding on the acquisition of a 60% majority stake in Loisium Wine & SPA Holding via a share deal. FWP advised the seller – Soravia Group.

Cerha Hempel has advised the shareholders of Semantic Web Company and the company itself on a collaboration with Ontotext which resulted in the formation of Graphwise. Djingov, Gouginski, Kyutchukov & Velichkov advised Ontotext.

BPV Huegel has advised Eavista on the acquisition of 75.1% of the shares in Card Complete Service Bank from UniCredit Bank Austria and Raiffeisen-Invest-Gesellschaft. Binder Groesswang advised Raiffeisen Bank. Dorda reportedly advised UniCredit Bank Austria.

CMS has advised Laerdal Medical on its acquisition of SIMCharacters. Frotz Riedl reportedly advised the sellers.

Thomas Hartl and Christoph Schober have been promoted to Partner at Binder Groesswang.

As part of the EU Gas and Hydrogen Package, Directive (EU) 2024/1788 of 13 June 2024 ("Internal Gas Market Directive; IGMD") makes provisions for the first time on the phase-out of gas by network operators through the decommissioning of gas networks. Article 57 IGMD stipulates that gas distribution system operators ("DSO") must develop network decommissioning plans ("NDP") if a reduction in natural gas demand is foreseeable. The competent national authorities assess whether the NDP for the distribution network meets the principles set out in the IGMD.

Fellner Wratzfeld & Partner has advised German battery manufacturer Varta in StaRUG restructuring proceedings.

Herbst Kinsky has advised Mavoco on its EUR 11 million series A+ financing round led by 3TS Capital Partners, red-stars.com, and additional investors. Cerha Hempel advised red-stars.com. Dorda reportedly advised 3TS.

Taylor Wessing has advised Art of Mobility on its acquisition of KTM’s 50.1% stake in MV Agusta Motor. Pedersoli Gattai reportedly advised MV Agusta Motor. Oberhammer reportedly advised KTM.

Binder Groesswang has promoted Mona Holzgruber to Partner.

Former Binder Groesswang Partner Philipp Kapl has joined Kinstellar as a Partner.

Cerha Hempel has advised ODDO BHF on establishing its Austrian branch.