Real Estate Insider

The CERHA HEMPEL Real Estate Insider provides an insight to the real estate industry in Austria and CEE. Besides reviews on case-law and legal developments, the Real Estate Insider covers all aspects affecting the industry including market trends and insights, project and deal reviews, reviews on political and legislative developments, reports on events etc. As one of the leading real estate practices in Austria and CEE, our team is fluent in advising clients on all aspects of real estate law from cross border portfolio transactions to building organizer projects to rental agreements and constructions matters, you name it.

May 2021

Interpretative judgment of the Bulgarian Supreme Court on certain aspects of mortgage renewals

In March 2021, the Bulgarian Supreme Court issued an interpretative decision in case 3/2018 (the "Decision") that sheds light on the legal effects of the deletion of a mortgage on the grounds that the 10-year validity period since its registration has expired.

Taxonomy and its Impact on the Real Estate Industry

The Taxonomy Regulation (EU) 2020/852 (Taxonomy Regulation) already entered into force in Summer 2020, but it was just now (21 April 2021) that the EU Commission approved the first delegated act based on the Taxonomy Regulation, which will enter into force on 1 January 2022. This delegated act contains technical screening criteria for two of the six environmental objectives of the Taxonomy Regulation, namely "climate change mitigation" and "climate change adaption".

Czech construction law “under reconstruction”

In the wake of heavy criticism in recent years, Czech construction law, primarily comprising Construction Act No. 183/2006 Coll., as amended (the “Construction Act”), will (hopefully) have a completely new look from 2023.