In the context of the crisis generated by COVID19 outbreak, the Romanian authorities have taken a number of measures, in an attempt to reduce or diminish the consequences.
Romania is, as of 16 March 2020, under state of emergency, as per the Decree issued by the President of Romania (the “Decree”) and unanimously approved by the Romanian Parliament.
CERHA HEMPEL has advised stock exchange listed CA Immobilien Anlagen AG ("CA Immo") on its EUR 500 million benchmark bond issue. The bond issue was combined with a liability management transaction.
CERHA HEMPEL has advised the European Bank for Reconstruction and Development (EBRD), London, on the conversion of an indirect participation into a direct participation in the listed Addiko Bank AG.
CERHA HEMPEL has advised EnBW Trust e.V. ("EnBW Trust") and EnBW Energie Baden-Württemberg AG ("EnBW") on the sale of a 28.35% stake in EVN AG that was held in trust for EnBW by the EnBW Trust.
The antitrust team at CERHA HEMPEL advised on the establishment of a joint venture between KTM AG and the owners of the Spanish engine manufacturer GasGas Motorcycles S.L.
On Monday 17 February 2020, CERHA HEMPEL and Verlag Österreich invited guests to the launch of "Verdeckte Gewinnausschüttung" (Covert Distribution of Profits), a new handbook edited by CERHA HEMPEL partner Mag. Heinrich Foglar-Deinhardstein, LL.M.
At this year's Client Choice Awards, Mag. Mark Krenn once again won an award in recognition of his fantastic achievements in the area of real estate in Austria.