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75 New Articles

Wolf Theiss has advised joint lead managers and joint bookrunners Raiffeisen Bank International and Montega Markets on the exchange offer for UBM Development’s outstanding 2019 and 2021 bonds and the subsequent cash subscription offer of UBM’s EUR 75 million 6.750% Green Bond due 2025–2030. DLA Piper advised UBM.

Allen Overy Shearman Sterling, working with its Turkish affiliate Gedik & Eraksoy, BGI Legal, and Boyanov & Co have advised J.P. Morgan as the sole initial purchaser and The Law Debenture Trust Corporation as trustee on Energo-Pro’s EUR 300 million regulation S private placement of 6.45% guaranteed notes, marking the issuer’s debut on the Vienna MTF. White & Case advised Energo Pro.

Dark patterns have become a common feature of digital consumer interaction. While their manipulative nature leads to unfair commercial practices, the current applicable regulatory framework and a lack of case law pose challenges to enforcing fair commercial practices by online businesses. A recent court decision in Germany gives the first clarifications by giving an interpretation of the overlaps in scope of the Digital Services Act (DSA) and the Unfair Commercial Practices Directive (UCP Directive).

Schoenherr, working with Clifford Chance, has advised joint global coordinators and joint bookrunners BofA Securities Europe and UniCredit Bank on the EUR 190 million accelerated bookbuild offering of 2.5 million no-par value ordinary bearer shares in Strabag, sold by Haselsteiner Familien-Privatstiftung. BPV Huegel reportedly advised Haselsteiner Familien-Privatstiftung.