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Austria: Schoenherr advises Caverion Österreich GmbH on acquisition of Climacraft's refrigeration and air conditioning business

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Austria: Schoenherr advises Joint Lead Managers on issuance of EUR 500m Subordinated Notes (Tier 2) by VOLKSBANK WIEN AG

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Montenegro's evolving legal landscape: recent amendments and controversies in games of chance regulation

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EU: Puma faces design protection hurdle after Rihanna's Instagram exposure

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AI Act adopted

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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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Hungary: Schoenherr supports MET Group in purchase of 520,000 sqm of project land in Kaba

Schoenherr advised Oberon Solar Park Kft, a subsidiary of the Switzerland-based MET Group, on its acquisition of 52 hectares of land located in Kaba, Eastern Hungary. The transaction was executed as a share deal and will enable MET Group to construct the so-called Kaba2 project.

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press release

Austria: Schoenherr advises Caverion Österreich GmbH on acquisition of Climacraft's refrigeration and air conditioning business

Schoenherr advised Caverion Österreich GmbH, a provider of technical facility services, on its acquisition of the refrigeration and air conditioning business of Climacraft GmbH, a leading company in the field of refrigeration and air conditioning technology, through an asset deal.

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press release

Austria: Schoenherr advises Joint Lead Managers on issuance of EUR 500m Subordinated Notes (Tier 2) by VOLKSBANK WIEN AG

Schoenherr advised Joint Lead Managers, among others Danske Bank, Erste Group, ING, NATIXIS and UBS, on the successful issuance of EUR 500m 5.750 % Fixed to Fixed 10.25NC5.25 Subordinated Notes (Tier 2) by VOLKSBANK WIEN AG.

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Hungarian webshops to offer delivery by Hungarian Post

From 28 March 2024, businesses operating in Hungary will be required to offer services by the state-owned enterprise Hungarian Post ("Magyar Posta") as a delivery option for consumers using their online stores. The text of the new provision is concise and has raised several questions.

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newsletter

Montenegro's evolving legal landscape: recent amendments and controversies in games of chance regulation

Montenegro's Law on Games of Chance (the "Law") was enacted in 2004 and has undergone multiple amendments since. The most recent ones came into effect on 1 January 2024. The aim of the amendments, as stated by the competent authorities, is to ensure a sustainable regulatory system for organising games of chance via the internet or other telecommunication means, as well as to generate additional revenue from these activities. This objective is to be achieved through measures aimed at establishing a variable concession fee for the organisation of online games of chance, a provision not envisaged in the prior legal framework in this area. Another measure to achieve the set goal is to introduce a ban on participation in foreign games of chance via the internet and other telecommunication means for which bets are paid on the territory of Montenegro.

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newsletter

Revitalising healthcare: Austria's new healthcare reform

Austria's healthcare system got a long-anticipated makeover. After years of small-scale adjustments, a collective amendment – the "Vereinbarungsumsetzungsgesetz 2024" ("VUG 2024" or the "reform") – has brought a new wave of changes somewhere revolutionising healthcare in Austria. The VUG 2024 refers to a comprehensive and coordinated change made to a total of 13 legal matters, which are being modified together as a unified act for a more holistic approach. This happens to be one of the biggest reforms in the healthcare sector in recent decades.

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blog

Of trademarks, designs and other IP rights

When developing or refining a product, including its branding, a lot of time and money are invested in creating something unique that customers will need and love. To protect this financial and creative investment, legislators have decided to grant certain monopoly rights or intellectual property (IP) rights. So, how do you determine the appropriate type of protection for your product? In our blog (link) we have mainly discussed trademark protection. But trademark law is broader than you might expect. Besides the "name" of a product, other features such as the shape, the colouring or a sound can be protected as long as they are recognised as an indication of origin and no absolute ground for refusal, like the technical functionality of the feature, applies. Still, trademark law "merely" protects indications of origin. Fortunately, there are also other IP rights that should be considered as part of a protection strategy.

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publication

The International Comparative Legal Guide - Environment & Climate Change Law 2024

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publication

06 March 2024

austria

S.Wolf

Niederösterreichs Abstandsregelungen für Windenergieanlagen zu Nachbargemeinden und ihre Reichweite

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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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