f.l.t.r.: Valentin Frantsits, Christian Schuppich, Barbara Klinger, Thomas Trettnak
CHSH Cerha Hempel Spiegelfeld Hlawati, one of Austria's leading corporate law firms, has provided comprehensive legal advice to the NOMACORC Group – the world leader in the field of synthetic wine closures – in connection with its reorganisation in Europe.
Each year, the NOMACORC Group produces more than two billion synthetic wine closures, a futuristic technology for this sector, at its production sites in the USA, Belgium and China. NOMACORC. As part of the group's strategic reorganisation in Europe, brands and patents have been consolidated into NOMACORC which has its European headquarters in Belgium. The production site in Austria was closed.
During the transaction, CHSH acted as lead counsel and cooperated with BDO Group as tax advisor. The operations of the NOMACORC Group in Austria were wound up in voluntary liquidation proceedings which proved very challenging indeed. This was combined with an international asset deal.
The CHSH team was headed by Corporate/M&A partner Thomas Trettnak and also consisted of Barbara Klinger (employment law), Christian Schuppich (company law) and Valentin Frantsits (intellectual property law).
Thomas Trettnak: "Over the course of the past year and a half, the process of implementing the transfer of technology within the NOMACORC Group proved a particular challenge from both a legal and tax perspective. I am extremely pleased that with our help the NOMACORC Group has been able to successfully place such important technology in the right parts of the group."