On 28 April 2023 the European Commission ("Commission") put forth a proposal (Link) to revise Directive (EU) 2015/2366 (Payment Services Directive, "PSD2"), which was adopted on the EU level in 2015 and transposed into Austrian law by the Payment Services Act (Zahlungsdienstegesetz 2018 – ZaDiG 2018).

Former Vavrovsky Heine Marth Attorney at Law Peter Tutsch has joined Fieldfisher as the fifth Partner in its new Vienna office, on July 3, 2023.

Motieka & Audzevicius has advised Gera Dovana on obtaining a limited network exclusion approval from the Bank of Lithuania under the narrowed scope of the PSD2 Revised Payment Services Directive.

Former Burai-Kovacs, Perlaki, Stanka, Szikla & Partners Managing Partner Gergely Stanka has joined Dentons in Hungary, along with a team of seven lawyers, as a Partner in the firm's Litigation, Dispute Resolution, and Arbitration practice on July 1, 2023.

Bernitsas Law has advised note and security trustee Bank of New York Mellon on the securitization of the Senna Portfolio of non-performing loan receivables originated by Piraeus Bank through the issue of non-listed and non-rated single-tranche notes by Senna NPL Finance DAC.

Cobalt has advised the Enery group in obtaining funding from Swedbank for the construction of a new solar park.