CERHA HEMPEL
News

CHSH Cerha Hempel Spiegelfeld Hlawati acted as Transaction Counsel in connection with the issuance of a corporate bond by SPAR Österreichische Warenhandels-Aktiengesellschaft with a total volume of EUR 200 million as part of a public offer.

CHSH Cerha Hempel Spiegelfeld Hlawati received two important accolades at the first "Advocatus" awards ceremony held by the Austrian newspaper Die Presse. CHSH won "Deal of the Year" in two categories.

Dr. Clemens Hasenauer, Head of the Corporate Transactions Department, has written an article with Dr. Robert Eichler, Chief Compliance Officer at OMV, on the amendment to the Issuer Compliance Regulation 2007 which entered into force in February and on the subsequent need for listed companies to make changes as regards compliance. The article appears in the latest edition of Der Gesellschafter…

Windkraft Simonsfeld is preparing a bond issue for autumn 2012 and it is the first Austrian issuer to publish a prospectus under the new prospectus rules.

CHSH Cerha Hempel Spiegelfeld Hlawati advised WESTCON Group on its acquisition of Triple AcceSSS IT Distributions & Dienstleistungs GmbH ("3xs"). 3xs was founded as a venture and has grown to become the market leader in the Austrian IT security sector, but is also very active in Switzerland.

CHSH Cerha Hempel Spiegelfeld Hlawati acted as Transaction Counsel in connection with the issuance of a bond by IMMOFINANZ AG with a total volume of EUR 100 million.

Peter Knobl, Partner und auf Bank- und Kapitalmarktrecht spezialisierter Rechtsanwalt der Sozietät, hat zusammen mit Mag. David Gasser erneut zur praktisch bedeutenden Frage der irrtumsrechtlichen Gehilfenzurechnung von Wertpapierfirmen zu bloß depotführenden und auftragsausführenden Banken Stellung genommen.

The event entitled "Directors' liability in CEE – How you can avoid typical pitfalls", held on Thursday 21 June 2012 in the conference rooms of CHSH Cerha Hempel Spiegelfeld Hlawati, attracted a large number of participants interested in staying abreast of the latest developments.

CHSH Cerha Hempel Spiegelfeld Hlawati has advised Sberbank of Russia (Sberbank) in connection with the acquisition of Turkish DenizBank A.S. (DenizBank) from DenizBank's shareholders Dexia NV/SA and Dexia Participation Belgium SA (together, Dexia) with re-spect to its Austrian subsidiary DenizBank AG. The transaction was effected through the acquisition of 99.85% of the shares in DenizBank.

CHSH Cerha Hempel Spiegelfeld Hlawati successfully represented the OeNB in proceedings against the former Riegerbank regarding claims for damages made as a result of the OeNB’s refusal to issue authorisation for foreign exchange trading. All claims for damages were dismissed with binding effect.