On 28 November 2022, the Council of the European Union gave its final approval to the Regulation on Foreign Subsidies distorting the Internal Market (FSR) following the adoption of the regulation by the European Parliament on 10 November 2022.

E+H, working with Paris-based Sekri Valentin Zerrouk, has advised the Valtus Group on its acquisition of Management Factory Corporate Advisory. KPMG Law advised the sellers.

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Dorda Partner Stefan Artner has worked on 14 reported Austrian Real Estate deals over the past five years – more than any other lawyer?

Cerha Hempel has advised ARE Austrian Real Estate on its acquisition of Vienna's Green Worx office complex from the UniImmo Deutschland real estate mutual fund managed by Union Investment. Schoenherr reportedly advised the sellers.

Former Freshfields Bruckhaus Deringer Senior Associate Ricardo Gardini de Andrade has joined DLA Piper's Vienna office as a Partner to work in the firm's Litigation & Regulatory practice.

Cerha Hempel has advised CA Immo on the sale of a building complex consisting of the Hotel Savoyen and an office building to German real estate agency Horn Grundbesitz.

Late last year, the European Commission ("EC") adopted a legislative package on hydrogen and decarbonised gas, which includes a proposal for a Directive on Common Rules for Internal Markets in Renewable and Natural Gases and in Hydrogen ("Draft Gas Directive"). On 9 September 2022, the EC published a revised version of this directive, the key objective of which is to regulate hydrogen as an independent energy carrier.

Schima Mayer Starlinger has advised +Simple on its acquisition – via German subsidiary Carl Rieck – of a portfolio of insurance brokerages from Austria-based Alt+Partner.

Under Article 30 (5) (c) of Directive (EU) 2015/849 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (AML Directive 2015), Member States are obliged to ensure that information on beneficial ownership is accessible by any person or organisation that can demonstrate a legitimate interest in obtaining it.

Cerha Hempel has advised Spar on its cooperation agreement with vegan-vegetarian chef Paul Ivic.

The increasing US-based investor interest in Austrian tech start-ups – despite the hard times and a certain lack of governmental decisiveness – is creating a buzz in the country, according to DLA Piper Austria Managing Partner Christoph Mager.

Wolf Theiss, working with Baer & Karrer, has advised Farner International AG on its acquisition of the Vienna-based Kobza Media Group. B-legal | Blumauer & Partner advised Kobza Media Group.

Dorda, working with Choate, Hall & Stewart and Armstrong Teasdale, has advised PDFTron on its acquisition of Eversign. EY Law advised the sellers.

Starting in February 2023, Partner Alexander Popp will take over as Managing Partner, with Partner Gudrun Stangl continuing in the COO position. Rounding out the Schoenherr Steering Committee are Partners Matei Florea, Thomas Kulnigg, and Franz Urlesberger.

E+H has advised Ecowind on its joint venture with EVN subsidiary EVN Naturkraft for the construction of a 24.5-megawatt floating photovoltaic plant in Grafenwoerth.

E+H has advised Flapjack on the closing of a pre-seed convertible loan financing round with investors from Graz and Vienna.

Wolf Theiss has advised Midway Holding subsidiary Haki on its acquisition of Ekro Bausystem. Schneeweiss Weixelbaum advised the seller.

Dominik Juster has joined the E+H partnership in Austria.