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Austria: Schoenherr advises Cherry Ventures on EUR 6m financing round for Flinn AI

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Poland: Schoenherr advises Gołębiewski Holding on securing seven-year syndicated financing deal

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to the point: financial regulation | 08/2024

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Privacy concerns in web scraping: a GDPR and Serbian privacy law perspective

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NPL Directive in CEE

Our NPL Directive info corner is live and gives you a CEE overview!
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As the go-to legal advisor for complex commercial matters in the region, Schoenherr aims to use its proximity to industry leaders, in developing practical solutions for future challenges. We keep a close eye on trends and developments, which enables us to provide high quality legal advice that is straight to the point.

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Meet our highly experienced experts, advising on legal questions in 14 countries - covering various legal areas.

 

 

 

 

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our latest press releases

press release

04 October 2024

austria

T.Kulnigg D.Tyrybon

Austria: Schoenherr advises fynk on its EUR 3.1m seed financing round

Schoenherr advised the Vienna-based start-up fynk on its most recent seed financing round, amounting to approximately EUR 3.1m. The current financing round was led by 3VC with participation from 10x Founders.

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press release

03 October 2024

austria

T.Kulnigg D.Tyrybon

Austria: Schoenherr advises Cherry Ventures on EUR 6m financing round for Flinn AI

Schoenherr advised venture capital firm Cherry Ventures on the EUR 6m seed financing round for the Vienna-based start-up Flinn AI. Specialising in the automation of compliance processes in the medical industry through artificial intelligence, Flinn AI is quickly emerging as a key player in the field.

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press release

Austria: Schoenherr advises LISEC Holding GmbH on sale of Glastech to Josko-Scheuringer Holding GmbH

Schoenherr advised LISEC Holding GmbH (LiSEC), a leading global full-service provider of machinery, automation solutions, software and services for flat glass processing, on the sale of its subsidiary Glastech to JOSKO-Scheuringer Holding GmbH (Josko).

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legal insights

newsletter

30 September 2024

hungary

G.Horváth B.Darcsi

Navigating Hungary's ESG reporting: local subsidiaries of multinational corporations in focus

As of the 2024 financial year, companies in Hungary are facing new and stringent ESG (Environmental, Social, and Governance) reporting requirements under Act CVIII of 2023 (ESG Act). While large companies may already be familiar with the relevant EU directives (notably the CSRD and the CSDDD), the Hungarian regulations present unique challenges, especially for local subsidiaries of multinational corporations.

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publication

The International Comparative Legal Guide - Renewable Energy 2025

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newsletter

23 September 2024

serbia

A.Radonjanin M.Vlajković A.Zorić M.Lukić

AI regulation and development in Serbia

AI is developing rapidly in Serbia and numerous initiatives are emerging daily. Therefore, a working group, which includes our Schoenherr expert Marija Vlajković, is already in the process of drafting a new Law on Artificial Intelligence. The final draft is expected by spring 2025.

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blog

17 September 2024

moldova

A.Guzun

Moldova: Ratification of the Geneva Act

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newsletter

09 September 2024

serbia

M.Vlajković M.Lukić

Privacy concerns in web scraping: a GDPR and Serbian privacy law perspective

When developing their models, AI providers use various data sets. Sometimes these are provided by their clients, as in the case of tailor-made chatbots, and sometimes the models are trained on licensed or even publicly available data. In both situations, the data sets almost always include personal data. Thus, AI developers should carefully consider their obligations under the GDPR as well as local privacy law, depending on what applies to them.

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roadmap

Austria's sustainability-linked bond market: a snapshot

In 2023 we advised a client in connection with the issuance of the first sustainability-linked bond by an Austrian corporation placed among international institutional investors as well as Austrian retail investors. Its main feature is that the coupon for the last year of the term will increase if one or both predefined step-up events linked to the issuer's sustainability targets occur.

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roadmap

Consumer Credit Directive II: consumer credit legislation for the digital age

A 2020 review of the Consumer Credit Directive (2008/48/EC) ("CCD I") by the European Commission (EC) found that CCD I has been only partially effective in ensuring a high level of consumer protection.

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roadmap

Trade creditor liability risks in arrangements with distressed companies in Austria

In our practice, we have found that the most common reason for distressed companies to initiate reorganisation measures is a severe liquidity squeeze.

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