Schoenherr has advised Connectis on the acquisition of SpeedApp. Crido reportedly advised the sellers.
Brandl Talos Advises Highland Europe on Investment in SmaXtec
Brandl Talos has advised Highland Europe on its investment in SmaXtec as part of a round led by KKR. Dechert's Munich-based office advised the shareholders of SmaXtec. Gibson Dunn and Wolf Theiss reportedly advised KKR.
Good News for Startups and Investors: The IP Contribution is Tax-Free
On 1 January 2025, inter alia, an amendment to the Personal Income Tax Act relating to intellectual property (IP) contribution entered into force.
Kondracki Celej Advises bValue Fund on USD 10 Million Investment in Fudo Security
Kondracki Celej, working with Sparring, has advised bValue Fund on a USD 10 million investment in Fudo Security. Pillsbury Winthrop Shaw Pittman reportedly advised Fudo Security.
Hungary: AI Act Provisions Applicable from February 2025
The AI Act introduces a comprehensive legal framework for companies dealing with AI systems in the EU. From 2 February 2025, companies subject to the regulation must take steps to ensure AI literacy and ensure that no prohibited AI practices are used. Non-compliance could lead to substantial fines.
SSK&W Advises Xplorer Fund on Exit from Photon Entertainment
SSK&W has advised Xplorer Fund on its exit from Photon Entertainment to Fidiasz ASI.
Sayenko Kharenko Backs Pro Bono Project Setting Ukrainian Defenders’ Poetry to Music
Sayenko Kharenko has provided pro bono support for a cultural initiative that aims to set war-time poems, written by Ukrainian defenders, to music.