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13/10/2021
Cov­id-19 - Safety at the Work­place
Rising in­fec­tion fig­ures and flat­lining vac­cin­a­tion rates are once again present­ing com­pan­ies with the chal­lenge of mak­ing work­places safe. But what meas­ures can and must be taken now?Our CMS Em­ploy­ment Snack We­bin­ar Series provides you with all you need to know about safety at work in the age of Cov­id-19.As usu­al, each we­bin­ar is coun­try-spe­cif­ic and ad­dresses the rel­ev­ant na­tion­al leg­al frame­work. You can find spe­cif­ic in­form­a­tion by click­ing on the links be­low:
12/10/2021
On­line gambling law and reg­u­la­tion in Aus­tria
12/10/2021
De­com­pil­a­tion, de­fences and copy­right: CJEU Top Sys­tem De­cision
In a de­cision dated 6 Oc­to­ber 2021, the Court of Justice of the European Uni­on (CJEU) has cla­ri­fied that a law­ful user of a com­puter pro­gram may de­com­pile that pro­gram in or­der to cor­rect er­rors that...
12/10/2021
Leg­al guide for com­pany dir­ect­ors and CEOs in Aus­tria
ESG ob­lig­a­tion for dir­ect­ors and CEOs 1.Do ex­ist­ing dir­ect­or­s' du­ties con­tain ob­lig­a­tions that ap­ply to mat­ters that could be cat­egor­ised as an ESG con­sid­er­a­tion, e.g. the en­vir­on­ment, em­ploy­ee wel­fare?...
12/10/2021
CMS Em­ploy­ment Snack: Cov­id-19 - Safety at the Work­place
Rising in­fec­tion fig­ures and flat­lining vac­cin­a­tion rates are once again present­ing com­pan­ies with the chal­lenge of mak­ing work­places safe. But what meas­ures can and must be taken now?Our CMS Em­ploy­ment...
07/10/2021
State aid: Court of Justice of the EU par­tially an­nuls European Com­mis­sion’s...
On 2 Septem­ber 2021, the Court of Justice of the EU (“CJEU”) an­nulled the judg­ments of the Gen­er­al Court of 19 June 2019 de­clar­ing the plaintiffs’ ac­tions in­ad­miss­ible and con­firm­ing the leg­al­ity...
06/10/2021
Sus­tain­able in­vest­ment at AL­PLA: CMS ad­vises on a joint ven­ture in Ro­mania...
In or­der to fur­ther ex­pand its re­cyc­ling activ­it­ies, AL­PLA, an in­ter­na­tion­ally act­ive spe­cial­ist in in­nov­at­ive plastic pack­aging solu­tions, is found­ing a joint ven­ture to­geth­er with the Ro­mani­an com­pany Eco­help SRL and the Swiss com­pany United Poly­mer Trad­ing AG. AL­PLA was again ad­vised by an in­ter­na­tion­al CMS team led by part­ner Al­ex­an­der Rakosi in Vi­enna. AL­PLA has more than 25 years of ex­per­i­ence in the field of re­cyc­ling and its own re­cyc­ling plants con­trib­ute to a func­tion­ing ma­ter­i­al cycle. The con­struc­tion of a fur­ther re­cyc­ling plant in Tar­gu Mures, Ro­mania, is an­oth­er im­port­ant step in this dir­ec­tion: 15,000 tonnes of post-con­sumer re­cycled PET will be pro­duced there an­nu­ally. This will then be used to pro­duce new pre­forms and bottles.   The three part­ner com­pan­ies are in­vest­ing equally in the plant, with a com­bined total of EUR 7.5 mil­lion. Im­port­antly, AL­PLA, Eco­help, and UPT will all con­trib­ute their own spe­cial ex­pert­ise to the joint ven­ture “PET Re­cyc­ling Team Tar­gu Mures” and cre­ate new jobs at the joint site. Sub­ject to ap­prov­al by the com­pet­i­tion au­thor­it­ies, pro­duc­tion is sched­uled to start as early as the middle of next year.   “AL­PLA pur­sues a clear and con­sist­ent course when it comes to sus­tain­ab­il­ity and cir­cu­lar eco­nomy. We are very pleased that we are able to sup­port our long-stand­ing cli­ent on this path and ap­pre­ci­ate the trust in our leg­al ad­vice and ex­pert­ise ,” says Al­ex­an­der Rakosi, Part­ner at CMS Aus­tria.   The core team com­prised lead part­ner Al­ex­an­der Rakosi and at­tor­ney Georg Gut­fleisch (Cor­por­ate/M&A) with part­ner Di­eter Zand­ler and as­so­ci­ate Vanessa Hor­aceck (both Com­pet­i­tion Law) ad­vising on com­pet­i­tion law mat­ters. In ad­di­tion, the fol­low­ing CMS law­yers were part of the cross-bor­der ad­vis­ory team in Ro­mania: Man­aging Part­ner Horea Popes­cu, Claudia Nagy, Cos­min Cretu, Mi­hai Jiganie-Serb­an and Cristina Ci­omos.
05/10/2021
CMS ad­vises Bul­gari­an sus­tain­able food pack­aging man­u­fac­turer on sale of...
Te­da-MM and LDS Plast have es­tab­lished them­selves as lead­ing man­u­fac­tur­ers of ther­mo­formed ri­gid food pack­aging in the Balkan re­gion. CMS ad­vised the Bul­gari­an founders/own­er­ship fam­ily on selling a ma­jor­ity stake in the two com­pan­ies to CEECAT Cap­it­al. It is a Bul­gari­an suc­cess story: Foun­ded in 1992, Te­da-MM ac­quired its main com­pet­it­or LDS Plast in 2015 and turned both com­pan­ies in­to lead­ing sup­pli­ers of sus­tain­able and re­cyc­lable ther­mo­formed food pack­aging in Bul­garia, South­east Europe, and bey­ond – now with more than 900 products in their range. In or­der to drive growth and ex­pan­sion, the Bul­gari­an own­er­ship fam­ily has now sold its ma­jor­ity stake in both Te­da-MM and LDS Plast to CEECAT Cap­it­al, a lead­ing private equity in­vestor in Cent­ral and East­ern Europe, Cent­ral Asia, and Tur­key. This trans­ac­tion is the second in­vest­ment of CEECAT Fund II.   “We are very pleased that we were able to sup­port the Te­da/LDS found­ing fam­ily on this stra­tegic trans­ac­tion. Once again, we were able to demon­strate our ex­tens­ive ex­per­i­ence and ex­pert­ise in ad­vising in­ter­na­tion­al com­pan­ies on cross-bor­der private equity trans­ac­tions”, says Al­ex­an­der Rakosi, Part­ner at CMS Vi­enna.   Lead Part­ner Al­ex­an­der Rakosi and Lead As­so­ci­ate Flori­an May­er (Cor­por­ate/M&A) formed the core team to­geth­er with their Bul­gari­an col­leagues Gentscho Pavlov (Co-Man­aging Part­ner CMS Sofia, Bank­ing & Fin­ance), Di­m­it­ar Zwi­atkov (Part­ner, Cor­por­ate/M&A) and Ivan Ger­gov (Seni­or As­so­ci­ate, Cor­por­ate/M&A). In ad­di­tion, Gérard Maitre­jean (Part­ner, Cor­por­ate/M&A), Vivi­an Walry (Part­ner, Bank­ing & Fin­ance), An­dreea Ant­ones­cu (Coun­sel, Cor­por­ate/M&A), Zor­nitsa Di­mitrova (Coun­sel, Bank­ing & Fin­ance) and Cédric Dvor­atchek (As­so­ci­ate, Cor­por­ate/M&A) from the Lux­em­bourg CMS of­fice were in­volved in the trans­ac­tion, with  Pieter van Duijven­voorde (Part­ner, Cor­por­ate/M&A) from CMS Neth­er­lands provid­ing sup­port on Dutch law mat­ters.
04/10/2021
COV­ID-19: European Com­mis­sion opens con­sulta­tion on ex­tend­ing State aid...
In­tro­duc­tion to an amended Tem­por­ary Frame­work The European Com­mis­sion launched a con­sulta­tion pro­cess on 30 Septem­ber 2021, send­ing a pro­pos­al to Mem­ber States on a sixth draft amend­ment to the Tem­por­ary...
30/09/2021
CMS Ex­pat Desk Con­tact Card
When tal­ent needs to move, we’re be­hind youLiv­ing in a highly con­nec­ted world al­lows com­pan­ies to hire and mo­bil­ise skilled and tal­en­ted people al­most any­where – and loc­ate busi­ness op­er­a­tions wherever they need to be.But when con­sid­er­ing mov­ing of­fices or em­ploy­ees, there are a range of factors to con­sider. These can in­clude the polit­ic­al and eco­nom­ic con­sequences of COV­ID-19 or Brexit, the cor­por­ate and per­son­al tax im­plic­a­tions of re­lo­ca­tion – even the im­pact of sanc­tions im­posed on cer­tain coun­tries.Around the world our CMS Ex­pat Desk teams are ready to help you man­age the em­ploy­ment, tax, visa (im­mig­ra­tion) and so­cial se­cur­ity as­pects of re­lo­ca­tion.Draw­ing to­geth­er spe­cial­ists from the CMS Em­ploy­ment & Pen­sions Group and the CMS Tax Group, our teams are net­worked across loc­a­tions in Europe, Asia, Africa and Lat­in Amer­ica to of­fer you multi-jur­is­dic­tion­al sup­port – wheth­er you’re mov­ing one em­ploy­ee or a whole of­fice.Our em­phas­is is on un­der­stand­ing you and the spe­cif­ic needs of your busi­ness. By shar­ing our know­ledge, net­works and provid­ing prac­tic­al day-to-day sup­port, we aim to help make any re­lo­ca­tion pro­cess smooth, swift and fully-con­sidered – with min­im­al dis­rup­tion to your core busi­ness.Ex­plore more about our ex­per­i­ence and ser­vices be­low. To con­tact your loc­al CMS Ex­pat Desk team, please check out the group con­tact card.Ayşegül Avci and Niels Koene, Co-Heads of the CMS Ex­pat Desk
30/09/2021
Busi­ness Hu­man Rights emer­ging as a new field of ar­bit­ra­tion?
In 2011, the Hu­man Rights Coun­cil of the UN Gen­er­al As­sembly pub­lished the "Guid­ing Prin­ciples on Busi­ness and Hu­man Rights". The gen­er­al pur­pose be­hind these prin­ciples is to en­hance stand­ards and prac­tices...
28/09/2021
Gen­er­al Court backs European Com­mis­sion in Altice gun jump­ing case – con­firm­ing...
On 22 Septem­ber 2021, the Gen­er­al Court dis­missed Altice's ac­tion against the European Com­mis­sion's 2018 de­cision im­pos­ing two fines totalling EUR 124.5 mil­lion for "gun jump­ing" in con­nec­tion with Altice's...