Schoenherr advises Starwood Capital on acquisition of core shareholding of 26% in CA Immo

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Austrian Constitutional Court declares percentage Cap of Copyright Levies null and void

By Adolf Zemann, Guido Kucsko Copyright levies on recording media have been occupying the Austrian courts, courts of other Member States and the CJEU frequently over the last few years. A recent decision of the Austrian Constitutional Court adds another chapter to this never-ending story. The background Based on the InfoSoc-Directive (2001/29/EC), Member States must provide that […]

Hungarian Competition Authority revokes its decision clearing Digi’s acquisition of Invitel and imposes a significant fine

By Anna Turi The Hungarian Competition Authority (HCA) cleared the acquisition of sole control over Invitel Távközlési Zrt (“Invitel”) by Digi Távközlési és Szolgáltató Kft (“DIGI”) conditionally – with commitments – in May 2018. A few months later, it established that DIGI had intentionally misled HCA officials and therefore revoked the decision and imposed a fine on […]

Romania: Amendments to the tax law as of 1 January 2019

By Theodor Artenie, Anamaria Tocaci, Alexandra Barbu Emergency Ordinance No. 114/2018, on the establishment of measures in the field of public investments and of fiscal-budgetary measures, the amendment and supplementation of some normative acts and the extension of some deadlines, recently introduced a series of legal changes with a fiscal impact. Below we summarise the most important changes in […]

Austria: Decree forbids sale of CBD products

By Andreas Natterer, Michaela Pohl Exactly four months ago, we reported that the Austrian pastry shop Aida was starting to sell cakes containing CBD and explained the legal situation. In the meantime, everything has changed. Or has it? Although the sale of CBD products is booming in Austria and in Europe generally, Aida had to give away its […]

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Latest Briefings

FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

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A&O and Linklaters break into US pay battle with associate salary increases

Allen & Overy (A&O) and Linklaters have both announced that they are matching Cravath Swaine & Moore’s salary scale in their US offices, two weeks after Clifford Chance hiked newly qualified (NQ) lawyer salaries to $190,000. An internal memo sent by A&O said that salary increases would take effect from 1 July 2018, with pay cheques ranging […]

Richard Trobman, Latham

Trobman takes top job at Latham

London partner Richard Trobman has been voted in as the new chairman and managing partner of Latham & Watkins. Trobman has been serving as co-interim chair of Latham, alongside US partner Ora Fisher, since the departure of Bill Voge earlier this year. Former global chair Voge stood down from the firm’s chairmanship in March after admitting […]

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A&O and Freshfields take the lead on £2bn telecoms buyout

Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have advised telecoms giants Veon and CK Hutchison on the £2.2bn buyout of Italian mobile phone venture Wind Tre. A&O’s global managing partner Andrew Ballheimer, TMT partner Simon Toms and global head of telecoms Tom Levine led the deal for Veon. Global co-head of antitrust Antonio Bavasso and senior associate Ross Ferguson provided […]

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