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June 9, 2022

Public M&A in Austria 2022

Structures and applicable law Types of transaction How many publicly listed businesses combine? By far the most important transaction structure in Austria in practice remains the acquisition of a (controlling) stake,combined with, or followed by, a public tender offer. More recent takeover practice has seen the use of businesscombination agreements (eg, Vonovia/BUWOG and, with the […]...

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June 8, 2022

Restructuring frameworks undergoing change

Part I: Cross-border recognition of restructuring proceedings – Amendment to the European Insolvency Regulation How can complex, costly and time-consuming recognition processes or parallel restructuring proceedings in different jurisdictions be avoided? Whilst the avenue for the EU-wide automatic recognition of restructuring proceedings has now been opened for several jurisdictions by an amendment to the European […]...

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June 7, 2022

Government Procurement Review: Austria

Providing context for critical legal developments in the field of procurement law The Government Procurement Review: Austria provides an annual survey of the most consequential legal developments in government procurement and their practical impact on contractors, suppliers and service providers. It offers insightful analysis of the key features of the procurement regime in Austria in […]...

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June 3, 2022

Ukraine: use of agricultural land during martial law

The lease of agricultural lands has been simplified and streamlined by adopting the new law No. 2145-IX “On Amendments to Certain Legislative Acts of Ukraine Regarding Creation of Conditions to Ensure Food Security Under Martial Law” (the “Law “). The following are the improvements in this area: 1) The Law provides for the automatic extension […]...

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June 1, 2022

Safely navigating EU sanctions regimes: how to stay compliant

Practical advice for businesses Objectives and restrictive measures The European Union has repeatedly adopted sanctions against Russia since March 2014 in response to the annexation of Crimea and Russia’s recognition of Donetsk and Luhansk, followed shortly by its military aggression against Ukraine. According to the latest information published by the European Council, these sanctions currently […]...

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May 31, 2022

Consumer rights on the rise in Hungary: Updates to consumer protection regulations

Introducing the New Deal for Consumers Part of the ongoing effort aimed at strengthening the rights of consumers in the European Union, and following the most recent implementation of the Digital Content Directive and the update of the Sale of Goods Directive as of 1 January 2022, another major update has arrived in the form […]...

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May 30, 2022

Hungarian Energy Market: Producers received a major stop sign for exiting renewable support schemes

(also available in Hungarian below) Background As a result of the recent electricity price increases, producers taking part in both the feed-in-tariff (FiT) and METAR support schemes have started to consider exiting the renewable support schemes, which has brought significant changes in the energy market. In response, the legislator firstly prohibited the possibility to re-enter […]...

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May 27, 2022

Revision of the EU rules on asset recovery

The implementation of EU sanctions following the Russian invasion of Ukraine highlights the complexity of identifying assets owned by oligarchs, and which are hidden across different jurisdictions through complex legal and financial structures. So far, Member States have reported frozen assets worth EUR 9,9 billion and blocked EUR 196 billion worth of transactions. In recent […]...

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May 25, 2022

Poland: key changes in the advertising of medical devices and medicinal products

*Polish version below Regulatory changes On 26 May 2021, the provisions of the Regulation on medical devices (“Regulation 2017/745“) came into force In 2022, also on 26 May, the provisions of the second Regulation, also directly applicable, on in vitro diagnostic medical devices (“Regulation 2017/746“) enter into force At the same time, the new Medical […]...

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May 19, 2022

The outlook on sustainable bonds issuance in the context of the Green Deal

1. What are Sustainable Bonds, Green Bonds & Social Bonds? 2. Outlook on Sustainable Bond Issuance 3. The European Green Deal 4. The Impact of the new Taxonomy Regulation on Green Bonds 5. European Green Bond Standard 6. Transition Financing What are Sustainable Bonds, Green Bonds & Social Bonds? “Sustainable bond” is the generic term […]...

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ESG
May 3, 2022

Krieg in Zeiten von ESG, Private Enforcement und Strategic Litigation – was es im Rahmen der ordnungsgemäßen Geschäftsführung zu beachten gibt

Artikel auf englisch Link – Die Presse ESG (Environmental, Social und Governance) beschreibt die Grundprinzipien nachhaltigen Wirtschaftens. Stakeholder haben immer höhere Erwartungen an die ESG-Leistung eines Unternehmens. Während zuletzt aufgrund der Klimakrise das ökologische, nachhaltige Wirtschaften prominentestes der drei ESG-Kriterien war, stellt der Krieg Russlands in der Ukraine heimische Unternehmen vor neue Grundsatzfragen im Bereich […]...

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ESG
May 2, 2022

ESG, private enforcement and strategic litigation in times of war – what to consider in the context of proper business management

(article also available in German) ESG (Environmental, Social and Governance) describes the fundamental principles of sustainable business. Stakeholders have increasingly high expectations of a company’s ESG performance. While recently, due to the climate crisis, ecological sustainable management was the most prominent of the three ESG criteria, Russia’s war in Ukraine confronts domestic companies with new […]...

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ESG