Wolf Theiss’ Post

📢 The current owners of Kecskeméti Konzerv Kft. have successfully closed the deal to sell their canning factory to Gránit Group with legal advice from Wolf Theiss. Kecskeméti Konzerv Kft. has been sold to Agrár-Finance Kft. (a subsidiary of Gránit Group) following the signing of a share purchase agreement with the company's previous owners. Agrár-Finance Kft. will buy one of the largest Hungarian canning companies from Mahnke Group (Germany) and five Hungarian private individuals. The current management will retain a minority share in the company and the transaction will further increase the proportion of Hungarian ownership in the food and canning industry. The Wolf Theiss team advising on the transaction was led by János Tóth and Zoltan Bodog. #WolfTheiss #MarketUpdate #MergersAndAcquisitions #CorporateLaw

A multijurisdictional Wolf Theiss team, led by Horst Ebhardt and Richard Clegg, provided legal advice to Software AG, a German multinational software corporation majority-owned by the private equity firm Silver Lake and specialising in enterprise software solutions. This counsel was pivotal during the carve-out and sale of its Super Integration Platform as a Service (Super iPaaS) business to IBM. The transaction, valued at EUR 2.1 billion, closed on 1 July 2024. The team advising Software AG on all Bulgarian and Austrian legal aspects of the transaction included Anna Rizova, Doris Buxbaum, Staniella Todorova, Yanitsa Radeva, Maria Nikolova, Zhulieta Markova and Talliya Romanova. #WolfTheiss #LawDoneRight #IBM #TransactionNews #CorporateLaw #MarketUpdates

ℹ️ Significant changes are on the horizon for fleet insurance in the Czech Republic following the government's proposal to Czech Parliament. Our legal experts, Filip Michalec and Dominik Králik, provide a detailed breakdown of what this means for fleet policyholders, including: 👉 License requirement from the Czech National Bank (CNB), similar to insurance intermediaries 👉 Demonstrating trustworthiness, competence and adequate insurance coverage 👉 Requirement for a Czech Republic address, stricter conduct rules and staff training 👉 New client information requirements to ensure transparency. Don't worry, there's a transition period! ⏳😉 Read our latest Client Alert ➡️ https://wt.legal/NbkT to make the most of this time. #WolfTheiss #FleetInsurance #LegalUpdates #CzechUpdates

We successfully advised Bob W, a Finnish Tech-powered hospitality provider, on their entry into the Austrian market. Bob W plans to open its first location in Vienna in 2025. Bob W has signed a long-term lease agreement with Viennese developer Peter Pilz & Partner Projektentwicklungs GmbH located in the Austrian capital’s historic Heiligenstädter Straße. The aparthotel will be the first Bob W to open in the country and brings the total number of European cities in which it operates to 18. The Wolf Theiss team advising Bob W was led by Birgit Kraml and also included Maximilian Benke and Doris Buxbaum. #WolfTheiss #LawDoneRight #RealEstateLaw #BusinessExpansion

📖 We're kicking off our Legal Buzzword of the Week series with the term: 👉 ELTIF (European Long-Term Investment Fund) brought to you by Markus Aigner. ELTIFs are alternative investment funds (AIFs) used to promote long-term investments in the European economy which shall provide retail investors the opportunity to invest in illiquid investments, e.g. (big) infrastructure projects or renewables projects. ELTIFs are strictly regulated to protect (retail) investors and need to comply with various diversification requirements. 📢 Follow us for more from our Legal Buzzword of the Week series, where each week we bring you simplified definitions to key topical terms you might be reading about in the news and on the web. Do you have any questions? Interested in learning more about a specific term? Reach out directly to that week's legal expert. 💬 🤔 Want to see a buzzword featured? Let us know in the comment section below! 👇 #WolfTheiss #WTLegalBuzzwordOfTheWeek #LegalTerms #LawOnTheLevel #BankingAndFinance #EuropeanLongTermInvestmentFund #AlternativeInvestmentFunds #LegalDefinitions

🎧 The latest episode of our Wolf Theiss Soundshot "Digital Law" series podcast dives deep into the EU's response to the ever-growing threat of cyberattacks. 💻 https://wt.legal/NYcE Roland Marko and Lisa Marie Bernsteiner dissect the new EU cybersecurity framework, unpacking the legal muscle behind initiatives like the NIS2 Directive, the CER Directive and DORA. Tune in to learn more about the EU’s approach to tackling cyber threats, how it may impact your organisation and how to start preparing for these new comprehensive compliance requirements. #WolfTheiss #Soundshot #LegalPodcast #DigitalLaw #EUCybersecurity #NIS2Directive #CERDirective #DORA #Cybersecurity

🌏 Earlier in June, the Embassy of the Republic of Korea in Austria held a lecture on "Successful K-Business in Austria" at the Korea Kulturzentrum in Vienna. Sang Wha Lee from our Corporate / M&A team in Vienna and member of Wolf Theiss Asia Desk, was invited to give a brief overview on the legal steps that need to be considered when starting a business in Austria, together with Sung-Hyek Hong. Mi-Ja Chun (CEO of Akakiko), Jennifer Zhang (Vienna Business Agency), Chang-hee Moon (Marketing manager of Tetoi) and Sunghoon Kim (Korean Trade-Investment Promotion Agency) participated as lecturers too, providing useful information and experience that will be of practical help to Koreans living in Austria and wishing to start a business in Austria. For more information on how our Asia Desk can assist your business visit us at: https://wt.legal/NXoc #WolfTheiss #AsiaDesk #WTAsiaDesk #BusinessSuccess #LegalEvents

Croatia introduces new compliance requirements under the Croatian Act on Restrictive Measures as of 15 May 2024. What are these? Are they applicable to you and your business? If so, how do you stay compliant? Get informed through Dora Gaži Kovačević and Alan Vučkovečki's latest Client Alert, accessible here: https://wt.legal/NX5b #WolfTheiss #Compliance #RestrictiveMeasures #Transparency

A team of Wolf Theiss lawyers advised Schibsted group, a media and marketplace capital group with a leading position in the Nordics, on Polish aspects of separation of its business into two companies – Schibsted Media and Schibsted Marketplaces. 🤝 Our lawyers acted as local counsel next to Wiersholm, lead counsel to Schibsted. As result of the division, as of June 7th, Schibsted Media, now fully owned by Tinius Trust through Blommenholm Industrier, acquired the news media operations and will continue to deliver trustworthy journalism through brands such as VG, Aftonbladet, Aftenposten and Svenska Dagbladet. Schibsted Marketplaces remains a publicly listed company connecting millions of users every month through leading platforms, including Finn, Blocket, Tori and Oikotie. The advising M&A team was led by Izabela Zielińska-Barłożek and further supported by Katarzyna Jaroszyńska-Lewandowska, Paweł Szumowski and Jan Kaźmierczak. #WolfTheiss #TransactionNews #MarketNews #PolishMAndA