Schoenherr has advised the shareholders of Austrian software company Usersnap on its sale to the Saas.Group. Dorda advised the buyer.
Schoenherr and BPV Huegel Advise on Process Sensing Technologies Acquisition of Sensore Electronic
Schoenherr has advised Process Sensing Technologies on its acquisition of Austria's Sensore Electronic. BPV Huegel advised the founders of Sensore Electronic on the sale.
EU: Hacking for Plaintiffs' Money?
The European Court of Justice (CJEU) likely anticipated a wave of GDPR-related referrals. Few such matters receive as much attention from the public and lawyers as questions on GDPR damages.
Electronic Notarisation in Moldova
On 26 May 2023 the Parliament of Moldova passed Law No.°126, which among other things implements certain novelties to the Moldovan Law on Notarial Procedure. Those relating to electronic notarisation will enter into force when the technical conditions referred to in the law are in place, but not later than 23 June 2026.
Schoenherr Advises Aldiana Management on Purchase of Aldiana Club Ampflwang
Schoenherr has advised Aldiana Management on its purchase of the Aldiana Club Ampflwang resort in Upper Austria. Baker McKenzie reportedly advised the sellers.
Czech Republic: Vertical Agreements in Light of the Amendment to the Czech Competition Act
A long-awaited amendment to the Czech Competition Act (Act) is now on the horizon as it was approved by the Chambers of Deputies and is ready for sign-off by the Senate and the president. Covering primarily the implementation of the ECN+ Directive, it also incorporates changes to the Act. At the same time, the Czech Competition Authority (CCA) has been updating its policies on compliance programs and vertical leniency. From this perspective, how the CCA treats vertical (distribution) agreements will probably change considerably.
Are Gift Cards Money in Poland?
Gift cards have become more and more popular. They are bought as presents and some shops have a return policy where items bought physically can be exchanged only for a gift card of the equivalent amount. Are gift cards therefore to be regarded as money in Poland? If so, are the issuers required to obtain authorisation as a payment or electronic money institution?
The FSR General Tool
On 12 July 2023 the general or ex officio tool of the FSR became applicable. The tool empowers the European Commission (EC) to investigate cases where foreign subsidies are suspected of having a distortive effect on the EU's internal market, even if they do not fall within the scope of the other two FSR tools (M&A tool and public procurement tool). This gives the EC a powerful instrument to tackle market distortions from subsidies granted by third countries.
Romania: DRS Packaging to Go Live Soon
The implementation of the deposit return system ("DRS") for bottled water, soft drinks, beer, cider, wine and spirits ("DRS products") in disposable plastic, glass or metal packaging of between 0.1l and 3l, will kick-off on 30 November 2023. As of that date, Romanians will be able to return the packaging of these beverages to the reverse vending machines provided by retailers or producers, as per the legal provisions.
Transposition of EU Restructuring / Second Chance Directive in Bulgaria: Problems with New Ipso Facto Prohibitions Under Commercial and Financial Transactions
"Bulgaria transposed the Restructuring Directive's prohibition to terminate contracts via ipso facto clauses, but also (deviating from the Directive) prohibited contractual set-off in restructuring, thus rendering the preservation of many contracts performed via contractual set-off / netting of payment meaningless. So, in drafting ipso facto clauses the impossibility to perform contracts in restructuring, due to the contractual set-off prohibition, may be utilised as an additional trigger for termination, now".
Redefining Montenegrin Spatial Planning and Construction Regulations
Montenegro intends to implement a profound shift in its spatial planning and construction regulations with the pending adoption of three distinct legal acts that will regulate the country’s spatial planning, the construction of facilities, and legalisation procedures.
Matej Crnilec Makes Local Partner at Schoenherr Slovenia
Schoenherr Attorney at Law Matej Crnilec has become a new Local Partner in the firm’s Slovenian office.
Bulgaria Soon to Adopt an FDI Screening Regime
Bulgaria is among a minority of EU countries that have not yet adopted a foreign direct investment (FDI) screening regime. This is about to change with the introduction in late June of a bill on the amendment of the Investment Promotion Act, implementing the screening mechanism under Regulation (EU) 2019/452.
Schoenherr and Wolf Theiss Advise on Neveon's Sale of Greiner Perfoam to Treves
Schoenherr has advised Greiner Group member Neveon Holding on the sale of its automotive division consisting of Greiner Perfoam and its subsidiaries to Treves. Wolf Theiss advised Treves.
Romania Launches New Renewables CfD Support Scheme Targeting 5 GW of Onshore Wind and Solar Capacities
Romania is on the verge of introducing a much-awaited new support scheme for renewable energy. On 7 August 2023, the Romanian Ministry of Energy launched for public consultations a draft decision approving the legal framework for the implementation and functioning of the Contracts for Difference ("CfD") support scheme for low-carbon technologies ("CfD Scheme").
Green Loans May Be Hungary's Path to Sustainable Financing
In the world of finance, the rise of environmental, social and governance considerations has compelled bankers, investment professionals and banking and finance lawyers to reevaluate their mindset.
RTPR and Schoenherr Advise on Romcim Acquisition of Bauelemente
RTPR has advised Romcim on its acquisition of Bauelemente. Schoenherr advised Romcim on the merger and FDI clearance for the acquisition. Popovici Nitu Stoica si Asociatii reportedly advised the sellers.
Schoenherr, White & Case, and Karanovic Advise on E& Acquisition of PPF Telecom Bulgarian, Hungarian, Serbian, and Slovakian Assets
Schoenherr, working with Sullivan & Cromwell, has advised the Emirates Telecommunications Group Company – operating as E& – on its acquisition of a 50%-plus-one-share stake in PPF Telecom Group's assets in Bulgaria, Hungary, Serbia, and Slovakia. White & Case and Karanovic & Partners advised the PPF Group on the up to EUR 2.5 billion sale and the setup of a joint venture with E&.