Romania: All board decisions made by delegation of powers can be challenged in court

To enable decisions to be passed efficiently, the Companies Law (31/1990) created flexible mechanisms and procedures allowing specific shareholder powers to be delegated to a company’s management. Such mechanisms have been successfully implemented by a vast number of companies and… Read moreRomania: All board decisions made by delegation of powers can be challenged in court

Austria. Schoenherr leads Vienna Airport to victory in hearing about third runway: Constitutional Court repeals Federal Administrative Court decision

Schoenherr has achieved an important victory on behalf of Vienna International Airport (“VIE”) and the province of Lower Austria in the case regarding the construction of a third runway at the airport. Schoenherr partner Christian Schmelz and his team succeeded… Read moreAustria. Schoenherr leads Vienna Airport to victory in hearing about third runway: Constitutional Court repeals Federal Administrative Court decision

Schoenherr advises the association between Iulius Group and Atterbury Europe

The Bucharest office of regional law firm Schoenherr, one of the largest players on the Romanian legal market, has provided legal assistance in the transaction through which IULIUS Group, the developer and operator of IULIUS network of shopping malls, partnered… Read moreSchoenherr advises the association between Iulius Group and Atterbury Europe

SCHOENHERR Tax Bucharest launches transfer pricing practice

In a BEPS environment where profit transfer between affiliated companies, between or within jurisdictions, is increasingly monitored, on national as well as international levels, our decision to expand our range with transfer pricing advisory services comes naturally. This move meets… Read moreSCHOENHERR Tax Bucharest launches transfer pricing practice

SCHOENHERR advises banking syndicate on Erste Group’s inaugural issue of EUR 500 million Additional Tier 1 notes

SCHOENHERR advised an international banking syndicate comprising Morgan Stanley (technical lead), UBS, J.P. Morgan and HSBC, as Joint Lead Managers on the successful issuance of a EUR 500 million undated and subordinated fixed to fixed resettable bond by Vienna-based Erste… Read moreSCHOENHERR advises banking syndicate on Erste Group’s inaugural issue of EUR 500 million Additional Tier 1 notes

Centre of Main Interests and Forum Shopping: Moving Insolvency Proceedings to a Friendlier Jurisdiction

CENTRE OF MAIN INTERESTS As a general rule, insolvency proceedings fall under the jurisdiction of the national courts in the state where the debtor’s head office is registered (“State of Incorporation“). Such jurisdiction is reasonably practical, as most often creditors… Read moreCentre of Main Interests and Forum Shopping: Moving Insolvency Proceedings to a Friendlier Jurisdiction

CEE: Schoenherr named Leading Law Firm in South East Europe by Chambers

Schoenherr has been recognized as “South East Europe Law Firm of the Year” (2015) by the renowned legal publisher Chambers and Partners. Schoenherr lawyers Monica Cojocaru (partner; Bucharest), Miloš Laković (partner, Moravčević, Vojnović & partneri OAD in cooperation with Schoenherr;… Read moreCEE: Schoenherr named Leading Law Firm in South East Europe by Chambers

Rules on sale of agricultural lands located outside the built-up area

Order no. 719/740/M.57/2.333 (“Implementing Regulation”) on the approval of the implementing regulation of the 1st title of Law no. 17/2014 on the regulation measures for sale of agricultural lands located out-side the built-up areas and for the amendment of Law… Read moreRules on sale of agricultural lands located outside the built-up area