12 October 2023 We are delighted to receive the Women in Law Award for Best Law Firm 2023, which confirms our ongoing commitment to diversity and equality in the legal industry. Our efforts to promote gender diversity, create a fair and inclusive working environment, and support initiatives such as the Ladies League have enriched our culture. Our CMS Diversity and Inclusion charter as well as our internal initiatives reflect our passion to promote women and diversity and to create an inclusive legal industry. We are grateful for this recognition and look forward to a future that is even more diverse, inclusive and sus­tain­able.    Spe­cial thanks to Future-Law, Women in Law Austria and the Association of Austrian Corporate Lawyers - VUJ for the award and to our Ladies League team: Denisa Brighton, Daniela Karollus-Bruner, Daniela Krömer, Jelena Nushol Fijačko, Andrea Potz, Maria Orlyk, Nedzida Sa­li­hovic-Whalen, Gabriela Staber, Marija Tesic and Döne Yalçın.

1. Introduction Insurers and reinsurers are authorised and regulated by the Austrian Financial Market Authority (“FMA”). The regulation of insurers and reinsurers operates under the framework of legislation...

Apleona acquires Siemens Ge­bäu­de­m­an­age­ment und -Services (SGS). CMS Vienna provides comprehensive legal support to Siemens Aus­tria.   Siemens Austria has agreed to sell Siemens Ge­bäu­de­m­an­age­ment & -Services G.m.b.H. (SGS) to Apleona. The closing of the transaction is expected in the third quarter of the financial year and is subject to customary antitrust approvals. Both companies have maintained a good and close relationship for years. SGS will be further strengthened by joining forces with Apleona, resulting in an expanded and improved range of ser­vices.   Siemens Austria is being legally advised and supported by the Viennese law firm CMS Reich-Rohrwig Hainz under the leadership of Alexander Rakosi, partner in the Corporate/M&A department. The core CMS team further consists of M&A experts Florian Mayer, Marie-Christine Lidl, Anna Hiegelsperger and Matthias Emich. Sibylle Novak and Alexander Hiermann deal with tax law issues, Andrea Potz, and Jens Winter assist on labour law topics and Bernt Elsner and Marlene Wim­mer-Nistel­ber­ger advise on competition law. Additional support during the course of the transaction came from Daniela Karollus-Bruner, Robert Keisler, Dieter Zandler and Clemens Gross­may­er.   Al­ex­an­der Rakosi is pleased with the successful deal signing: “We are proud to be able to support Siemens on this project with a cross-de­part­ment­al team and contribute to further entrenching Siemens as a focused technology company in Aus­tria.”   Siemens Ge­bäu­de­m­an­age­ment & -Services ¬G.m.b.H., based in Vienna, is a successful man­u­fac­turer-in­de­pend­ent full-service provider in the technical building¬ management¬ sector with around 260 employees. Its customers include institutions from the health care, culture and education, trade and logistics sectors, as well as renowned commercial enterprises. In the last business year, it achieved a turnover of around 75 million euros.

See the Overview of the Representative Actions Directive >> 1. Do you have a specific procedure or procedures for bringing “opt-in” class actions?  If so, please outline such procedure(s) and...

1. Applicable Law 1.1.1 Under Austrian law, interim measures are governed by the Austrian Enforcement Act (EA), namely sections 378 et seq. A series of other regulations contain specific provisions...

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