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Poland: Schoenherr advises R-GOL.com on acquisition of a majority stake in SportBM

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Croatia: Schoenherr advises Siemens Energy on joint venture with Končar

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to the point: financial regulation | 06/2024

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Austria: Can I claim that my product is climate neutral?

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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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our latest press releases

press release

24 July 2024

serbia

M.Laković D.Martin V.Stanković J.Crvenica

Serbia: Schoenherr advises Fortis Energy on acquisition of 180 MW solar power plant

Moravčević Vojnović and Partners in cooperation with Schoenherr advised Fortis Renewable Energy B.V. on the acquisition of a 180 MW solar power plant in Sremska Mitrovica, Serbia.

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press release

Poland: Schoenherr advises R-GOL.com on acquisition of a majority stake in SportBM

Schoenherr advised R-GOL.com, a leading multi-brand distributor of football merchandise in CEE, backed by Innova Capital, on their recent acquisition of a majority stake in SportBM, a Polish developer of software for managing clubs and sports academies.

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press release

Croatia: Schoenherr advises Siemens Energy on joint venture with Končar

Schoenherr advised Siemens Energy regarding a Joint Venture Agreement with Končar d.d. (ZSE, KOEI) for the production of transformer tanks. The new JVCo will be structured with Končar holding 60 % of the shares and Siemens Energy holding 40 %. The joint venture will establish a state-of-the-art transformer tank manufacturing facility at Končar's Sesvetski Kraljevec site, optimising and increasing the production capacities of Končar's transformer tanks business.

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legal insights

newsletter

Romanian Competition Council conducts investigations of alleged abuse of superior bargaining position and alleged unfair trading practices. What does this mean for companies?

On 26 June 2024, the Romanian Competition Council (the "RCC") announced that it had conducted a dawn raid as part of an investigation concerning the possible abuse of a superior bargaining position by a company active in the supply of liquid medicinal oxygen against a public hospital. The investigation has been launched ex officio as a result of information received from public sources. The case is noteworthy as it marks the first time the RCC has launched a review regarding an alleged abuse of superior bargaining position, a relatively new type of infringement under Romanian competition rules.

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publication

24 July 2024

austria

A.Hirsch

Ein Zwischenruf in Sachen Umweltwerbung: Was bei den Änderungen der UGP-RL zu beachten ist

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publication

Umsetzung der Verbandsklagen-Richtlinie

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newsletter

Romania: FDI and antitrust regimes receive welcome clarifications under new law

The FDI and antitrust regimes are undergoing some significant changes, primarily aimed at standardising the gun-jumping regime. These changes seek to ensure a more consistent and predictable outcome for all investors, regardless of their nationality.

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newsletter

17 July 2024

austria

A.Hirsch

Austria: Can I claim that my product is climate neutral?

In a recent judgment, the German Federal Court of Justice (BGH) held that the claim "climate neutral" is ambiguous and often misleading unless the advertisement itself explains its specific meaning. This sets a trend for Austria, where courts have traditionally followed the standards set by the BGH in relation to environmental advertising when assessing such claims under unfair competition law. On an EU level, the restrictions regarding claims about greenhouse gas emissions are becoming even stricter, leaving advertisers with much to consider before making claims such as "climate neutral".

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blog

Shush, don't tell! Secret design applications in Austria and the EU

Both Austrian national designs as well as Registered Community Designs with EU-wide protection can initially be filed without disclosure (i.e. secret applications). This means that their publication will be deferred. Secret design applications generally make sense if the applicant is interested in keeping a design undisclosed for as long as possible. The precise national and EU-wide regulations are not completely uniform.

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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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