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With 15 offices and 4 country desks we have a firm footprint in Central and Eastern Europe.
Poland: Schoenherr advises 4FIZJO Group founders on strategic investment from PortfoLion Capital Partners
Austrian Supreme Court addresses (in)admissibility of evidence obtained by infiltrating mobile phones
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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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Romania: Schoenherr advises Otokar on USD 1bln armoured vehicles contract with Romanian Army
Schoenherr advised Otokar on signing a public contract with the Romanian state company Romtehnica, an entity of the Ministry of National Defence. Awarded following a public tender, the contract refers to the supply of 1,059 Cobra II 4×4 tactical wheeled light armoured vehicles and integrated logistics support services, worth approx. USD 1bln, VAT included. The first 278 vehicles will be manufactured in Türkiye, while the rest will be produced in Romania.
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Austria: Schoenherr named Austria Legal Adviser of the Year by Mergermarket
The leading law firm Schoenherr received the Austria Legal Adviser of the Year award from Mergermarket at the European M&A Awards Gala held on 27 November 2024 in London.
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Romania: Schoenherr advises Enery on virtual power purchase agreement with Nokian Tyres
Schoenherr advised Enery on signing a virtual power purchase agreement (VPPA) with Nokian Tyres. The long-term contract will ensure zero CO2 emission energy for Nokian Tyres' new passenger car tyre factory in Oradea, Romania. In addition to the energy supply, the 11-year PPA will also enable Enery to build a new solar power plant in Southern Romania, further supporting Europe's green transition.
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Austrian Supreme Court addresses (in)admissibility of evidence obtained by infiltrating mobile phones
Obtaining evidence via the installation of decryption tools on encrypted mobile phones without the knowledge of the person concerned has no legal basis in Austria. But does this also apply if such evidence was initially obtained by a foreign authority? The Supreme Court recently had the chance to address this question.
newsletter
Seizure and examination of mobile data and data carriers in Austria: where do we stand and what's next?
Few topics have sparked as much controversy in 2024 as the seizure and examination of mobile data carriers and the data found therein. Despite an urgent need to have the legal framework amended by the end of 2024, a new draft bill was published only on 20 November 2024. We take a look.
newsletter
EU Listing Act - Significant changes to the market abuse regime
The EU Listing Act, which is part of the European agenda to make public capital markets in the EU more attractive, was published in the Official Journal of the European Union on 14 November 2024. This initiative seeks to increase the number of company listings in the EU and simplify compliance with capital markets regulations under the Market Abuse Regulation (MAR). The legislative package includes amendments to the Prospectus Regulation and MAR, which will enter into force on 5 December 2024. Several provisions will be applicable at later stages, i.e. from 5 March 2026 or 5 June 2026.
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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.
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.
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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