Schoenherr, working with sole practitioner Mihaela Aliman, has advised Renovatio on the sale of renewable energy production assets with a capacity of approximately 18 megawatts to OMV Petrom. 

AI is increasingly revolutionizing the way businesses handle recruitment, hiring, management and employee monitoring etc. AI solutions are already adept at personalizing employee experiences, such as benefits and training, streamlining HR processes throughout the employment lifecycle, boosting efficiency and significantly reducing administrative burdens. Additionally, AI provides critical workforce insights, facilitating data-driven decision-making and management. However, these advancements also bring potential risks related to discrimination, protection of privacy, and other fundamental rights that employers must carefully manage.

The Czech Class Actions Act[1] became effective on 1 July 2024. Previous articles have provided an overview of key aspects of the new legislation and subjects of these proceedings. This part will focus on the challenges related to the publicity of class actions and explore ways in which companies, as defendants, can protect themselves from negative impacts.

Taylor Wessing has advised US-based Vintech Industries on its acquisition of parts of Rehau Automotive’s operations including its site in Jevicko, Moravia. Schoenherr and Gleiss Lutz reportedly advised Rehau Automotive.

Schoenherr has advised Uniqa on the sale of a 75% share in the Russian life insurance company Raiffeisen Life to Russian insurer Renaissance Life.

Schoenherr has advised GA Adriatic, formerly Renault Nissan Slovenija, on the settlement negotiations with the Slovenian Competition Protection Agency. Zidar Klemencic reportedly advised GA Adriatic in auxiliary proceedings. Cad, and reportedly Fatur Menard, advised Avtohisa Malgaj; Podjed, Kahne & Partners advised Avtohisa Real; Fasun, Melihen, Milac, Strojan reportedly advised Plesko Cars; and Tadej Kalan reportedly advised Avtoservis Kalan, all of which were involved in the proceedings as well.

Schoenherr has advised Fynk on its recent approximately EUR 3.1 million seed financing round led by 3VC with the participation of 10x Founders. CMS advised 3VC.

The amendments to the Bulgarian Public Health Act (PHA), introduced on 8 October 2024, are aimed at modernising the healthcare system, enhancing data management and improving patient care. They prioritise the transition to electronic health records (EHR), regulate telemedicine, and introduce a digital scheduling system for medical appointments. This article provides a high-level overview of the amendments.

Convertible loans have emerged as a pivotal financial instrument for start-ups navigating the challenging terrain of early-stage funding (pre-seed and seed), also called angel investment. These loans are a hybrid of debt and equity financing, offering a unique solution for companies that are not yet ready for a formal valuation or are seeking to bridge funding gaps between capital-raising rounds.

Schoenherr has advised Lisec Holding on the sale of its subsidiary Glastech to Josko-Scheuringer Holding. Saxinger reportedly advised Josko was advised by Saxinger.

Schoenherr has advised Cherry Ventures on leading the EUR 6 million seed financing round for Flinn AI that also saw the participation of Speedinvest and SquareOne as well as more than 30 business angels. Brandl Talos reportedly advised Flinn AI.

Slovenia is witnessing high levels of deal activity, particularly in M&A and corporate finance, according to Schoenherr Partner Vid Kobe, with banking sector consolidation leading the charge.

As of the 2024 financial year, companies in Hungary are facing new and stringent ESG (Environmental, Social, and Governance) reporting requirements under Act CVIII of 2023 (ESG Act). While large companies may already be familiar with the relevant EU directives (notably the CSRD and the CSDDD), the Hungarian regulations present unique challenges, especially for local subsidiaries of multinational corporations.

Cerha Hempel has advised AT&S on its sale of AT&S Korea to SO.MA.CI.S. Schoenherr, Latham & Watkins, and Kim & Chang reportedly advised the buyers.

In recent years, public concern about the roles of organizations in environmental issues has significantly increased. Governments, public institutions, and non-profits now demand that companies adopt environmentally friendly practices. Consumers are seeking “green” products and investors prefer companies that prioritize environmental care. This trend has led companies to adopt greenwashing strategies in marketing to attract eco-conscious consumers.

Schoenherr has advised a group of sellers of Flightkeys on an investment from Insight Partners. E+H, working with Willkie Farr & Gallagher, advised Insight Partners. Deloitte Legal-affiliated Jank Weiler Operenyi and Grohs Hofer reportedly advised other sellers of Flightkeys.

RTPR has advised PragmaGO on the acquisition of an 89% stake in Telecredit IFN from Reconstruction Capital II Limited and Elisa Rusu. Schoenherr advised the sellers.

AI is developing rapidly in Serbia and numerous initiatives are emerging daily. Therefore, a working group, which includes our Schoenherr expert Marija Vlajković, is already in the process of drafting a new Law on Artificial Intelligence. The final draft is expected by spring 2025.