Hit hard by the 2008 crisis, Austria’s businesses and law firms have found a variety of ways to adapt to the changed environment.
Corporate work is booming in the Balkans, with many deals, including BAT’s purchase of a Croatian tobacco business, punching above €200m.
Anti-corruption measures are beginning to bite but for now lawyers are pinning their hopes on work in areas such as banking, pharma and agriculture.
Crisis taxes and regulatory changes have doused foreign investor interest but firms are gaining opportunities elsewhere as a result of the global crash.
Life is still tough but regional ties are strengthening among law firms and businesses as Serbia keeps one eye on EU accession.
Berwin Leighton Paisner (BLP), DLA Piper and Linklaters have all advised Prairie Mining Limited on its listings to the main market of the London Stock Exchange (LSE) and the Warsaw Stock Exchange (WSE).
A cross-border team from CMS has acted for Munich-based Aurelius Group on its acquisition of Coats’ European crafts business, represented by Squire Patton Boggs.
Macedonia: An overview of legislative updates download subscription
Including novelties regarding the technological industrial development zones and amendments to the law on value-added tax
Serbia: VAT law amended download subscription
Mandatory VAT registration of foreign entities, and other changes.
Bulgaria: 'financial collateral arrangements' eligibility extended download subscription
Banks may now structure financial transactions for Bulgarian clients by using offshore SPVs.
Romania's commercial real estate market download subscription
Some practical pointers
Serbia: novelties in new payments law download subscription
‘Payment institutions’ can now include cash remittance companies, retail stores, mobile phone companies.
European employment law update – Slovenia download subscription
Reform is now focused on undeclared work and employment.
EU loosens Iran trade restrictions download subscription
In July 2006, the UN Security Council passed a series of resolutions by which several foreign trade restrictions were imposed on Iran.
European Employment Law Update: Serbia download subscription
The Labour Law has been overhauled and a new Law on the Employment of Foreigners is now in force.