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Portrait of Marco Selenic

Marco Selenic

Lawyer

CMS Reich-Rohrwig Hainz
Rechtsanwälte GmbH
Gauermanngasse 2
1010 Vienna
Austria
Languages German, English, Croatian

Field of activity

Marco Selenic is an associate in the field of corporate law/M&A. He specialises on general corporate law, national and international transactions and compliance.

Previous professional experience / Education

During his studies, he completed an internship in the European Parliament, worked at one of the largest start-up platforms in Europe and later held various positions at a management consultancy specialising in media monitoring and analysis, most recently as Key Account Manager.

During his master’s degree in Business Law at the Vienna University of Economics and Business Administration, which he completed with distinction in 2017, he spent an Erasmus exchange semester at the University of Luigi Bocconi in Milan.

After completing his CMS summer internship in the summer of 2016, he continued to work as a legal assistant in the Corporate Transactions Department and, after completing his court practice, started working as an associate.

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Memberships & Roles

  • Vienna Bar Association
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Education

  • 2018 – Legal traineeship in the judicial district of the Higher Regional Court of Vienna
  • 2017 – LL.M., Vienna University of Economics and Business
  • 2016 – Erasmus, Bocconi University, Milan
  • 2015 – LL.B., Vienna University of Economics and Business
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16/12/2022
Mayr-Mel­nhof Pack­aging verkauft russ­is­che Stan­dorte mit recht­lich­er Beg­lei­tung...
Pressemit­teilung - 16. Dezem­ber 2022Die Mayr-Mel­nhof Gruppe (MM), ein welt­weit führender Her­steller von Kar­ton und Faltschachteln, hat ihre beiden Pack­aging-Stan­dorte in Russ­land, St. Peters­burg und Pskov, nach er­fol­gter Genehmi­gung durch die Be­hörden an den lokalen In­vestor Gran­elle verkauft. Der Verkauf­spre­is beläuft sich auf rund EUR 134 Mio. CMS hat MM Pack­aging in der ges­amten Tran­sak­tion in al­len recht­lichen Be­lan­gen be­raten.  Rain­er Wachter, M&A Part­ner und Leit­er des Arbeits­bereichs Com­pli­ance bei CMS in Wien: „Auf­grund des derzeit­i­gen Sank­tion­sum­felds entscheiden sich zahlreiche un­ser­er Kli­en­ten:innen, ihre Akt­iv­itäten in Russ­land aufzugeben. Jeder Verkauf eines russ­is­chen Un­ternehmens ist eine Heraus­for­der­ung. De­shalb freuen wir uns sehr, dass wir die Mayr-Mel­nhof Gruppe bei diesem er­fol­greichen Exit un­ter­stützen kon­nten.“ Die Fed­er­führung bei der Tran­sak­tion lag bei Rain­er Wachter. Zum Wien­er CMS Ex­pert:innen­team ge­hörten weit­ers Part­ner Oliv­er Wern­er und Stefan Paul­may­er, Rechtan­wält:innen Marco Sel­en­ic und Oleksandra Prysiazh­ni­uk (alle aus dem Bereich Gesell­schaft­s­recht) sow­ie Di­eter Zand­ler und Vanessa Hor­aceck (Wettbe­w­erb­srecht). In russ­is­chen Rechts­fra­gen wurde MM Pack­aging von Seam­less Leg­al in Moskau be­raten. 
25/11/2022
En­ergy Sav­ings Guide
This CMS Guide is de­signed to shine a light on the wide vari­ety of en­ergy sav­ing laws in se­lec­ted CEE coun­tries by ex­plain­ing the most im­port­ant leg­al meas­ures and help­ing you to dis­cov­er where your op­por­tun­it­ies might lie. Polit­ic­al and leg­al frame­work En­ergy trans­form­a­tion re­quires build­ing up new en­ergy sources and that takes time. Sav­ing en­ergy, how­ever, is the quick­est and cheapest way to ad­dress the cur­rent en­ergy crisis, which is mainly caused by Rus­sia’s in­va­sion of Ukraine. Re­du­cing en­ergy con­sump­tion cuts house­holds’ and com­pan­ies’ high en­ergy bills.Build­ing on the “Fit for 55” pack­age of pro­pos­als and com­plet­ing the ac­tions on en­ergy se­cur­ity of sup­ply and stor­age, the European Com­mis­sion’s RE­PowerEU plan put for­ward a set of five ac­tions, the first of which is en­ergy sav­ing. Uni­on law sets forth man­dat­ory sav­ing goals for Mem­ber States but leaves them plenty of lee­way to choose between a vari­ety of meas­ures. Ap­plic­ant coun­tries and many oth­ers have passed en­ergy sav­ings laws and tar­gets too – of­fer­ing ad­di­tion­al flex­ib­il­ity.As a frame­work, the Fit for 55 pack­age and the European Cli­mate Law (REG 2021/1119) sets out a bind­ing, ir­re­vers­ible re­duc­tion of an­thro­po­gen­ic emis­sions. By 2030, 55% of the net GHG (green­house gas) emis­sions com­pared to 1990 must be saved. By 2050, the man­dat­ory net zero emis­sion goal must be achieved.Reg­u­la­tion 2022/1032 re­quires that mem­ber states fill their gas stor­age fa­cil­it­ies to at least 80-90% or that they store at least 35% of their av­er­age an­nu­al con­sump­tion in European stor­age fa­cil­it­ies. Re­du­cing con­sump­tion over the years re­duces the filling ob­lig­a­tion.Since Au­gust 2022, ob­lig­at­ory re­duc­tions in gas con­sump­tion ap­ply to EU mem­ber states (Reg­u­la­tion 2022/1032). The core in­nov­a­tion of this re­gime is the Uni­on alarm that can be triggered by the European Coun­cil if there is a ma­ter­i­al risk of grave gas sup­ply short­ages, ex­traordin­ary gas de­mand or a na­tion­al alarm pur­su­ant to Dir­ect­ive 2017/1938 in at least five Mem­ber States. Once a Uni­on alarm has been triggered and for as long as it re­mains in force, mem­ber states must re­duce their gas con­sump­tion by 15%. There is a par­tial ex­cep­tion if this would oth­er­wise cause an elec­tri­city crisis in the re­spect­ive mem­ber state. However, the steer­ing meas­ures to be taken and wheth­er cer­tain groups of gas con­sumers are gran­ted more fa­vour­able con­di­tions re­main at the mem­ber state’s dis­cre­tion. Re­gard­ing elec­tri­city, Reg­u­la­tion 2022/1854 on an emer­gency in­ter­ven­tion to ad­dress high en­ergy prices aims to re­duce elec­tri­city con­sump­tion by 10% and ease the pres­sure on elec­tri­city prices through rev­en­ue caps. Again, Mem­ber States are free to choose the ap­pro­pri­ate meas­ures to re­duce gross elec­tri­city con­sump­tion and meet the 10% tar­get.Ad­di­tion­al rules ap­ply to the fuel con­sump­tion of trucks or the en­ergy con­sump­tion of dis­trict heat­ing/cool­ing. The CMS Guide The res­ult of these reg­u­la­tions con­cern­ing en­ergy sav­ing has been the in­tro­duc­tion of a wide vari­ety of en­ergy sav­ing laws in in­di­vidu­al states; and many more meas­ures are still to come. This CMS Guide is de­signed to shine a light on these reg­u­la­tions by ex­plain­ing the most im­port­ant leg­al meas­ures and help­ing you to dis­cov­er where your op­por­tun­it­ies might lie. For each jur­is­dic­tion, the guide is struc­tured in­to: (1) a coun­try over­view,  (2) na­tion­al re­lief meas­ures for high en­ergy prices,  (3) na­tion­al/re­gion­al/com­mun­al en­ergy sav­ings meas­ures, and  (4) en­ergy stor­age status and in­cent­ives.The fol­low­ing meas­ures have been chosen by the states rep­res­en­ted in this  guide:  sub­sidies to end-con­sumers (Aus­tria in gen­er­al for en­ergy prices; Croa­tia for gas con­sump­tion), price caps: elec­tri­city (Croa­tia for house­holds, un­der­tak­ings and cer­tain­pub­lic con­sumers; Ukraine for house­holds),re­duced VAT rate (Croa­tia, North Mace­do­nia), tax in­cent­ives to privately store gas (Ukraine); ex­emp­tion from steer­ing meas­ures for privately stor­ing gas (Aus­tria),sub­sidies to com­pensate for high en­ergy prices (Bul­garia and Slov­akia, in Slov­e­nia for en­ter­prises, in Türki­ye for ag­ri­cul­ture) and en­ergy sav­ing meas­ures: (Croa­tia for SMEs); the real­loc­a­tion of EU funds to sup­port en­ergy con­sumers (Slov­akia); sub­sidies for en­ergy stor­age solu­tions (Aus­tria, Bul­garia and Ukraine) or for heat pro­du­cers (Ukraine),en­ergy ef­fi­ciency meas­ures in­cl. di­git­al­isa­tion (Bul­garia),re­duced hours of elec­tri­city or heat­ing sup­ply (North Mace­do­nia) or of gas sup­ply (Slov­akia),re­duc­tion of en­ergy con­sump­tion by the pub­lic ad­min­is­tra­tion (Aus­tria, North Mace­do­nia, Slov­e­nia), an­dob­lig­a­tions on gas stor­age op­er­at­ors to feed gas in­to the grid (Aus­tria, Slov­akia) or to sup­ply heat pro­du­cers at pref­er­en­tial prices (Ukraine).re­wards for vol­un­tary re­duc­tion of gas and/or elec­tric en­ergy con­sump­tion (Slov­e­nia)educed per­mit­ting re­quire­ments for PV and wind plants (Türki­ye).
18/05/2022
On-site power solu­tions
A guide for large en­ergy users Across Europe there is a clear and con­sist­ent trend for large scale com­mer­cial and in­dus­tri­al users of elec­tri­city ad­opt­ing on-site power solu­tions. This is the res­ult of a range of factors, in­clud­ing:re­new­able on-site gen­er­a­tion be­ing one of the most clear-cut ways to help “green” a site’s elec­tri­city sup­ply and help the com­mer­cial/in­dus­tri­al user achieve their cli­mate change tar­gets;on-site power solu­tions hav­ing the abil­ity to provide re­si­li­ence of elec­tri­city sup­ply dur­ing times of sys­tem out­age or con­straint;avoid­ance of the net­work and policy charges typ­ic­ally as­so­ci­ated with elec­tri­city taken from the grid; an­dthe com­mer­cial op­por­tun­it­ies from lever­aging flex­ible on-site power solu­tions to re­duce con­sump­tion from the grid and/or to ex­port elec­tri­city onto the grid.However, while such op­por­tun­it­ies mean that on-site power solu­tions are of­ten an at­tract­ive op­tion, on-site pro­jects will gen­er­ally come with a com­plex ar­ray of leg­al op­tions and con­sid­er­a­tions. These range from:the fun­da­ment­al point that such pro­jects in­her­ently in­volve par­ti­cip­a­tion in a typ­ic­ally heav­ily-reg­u­lated arena (and of­ten the back­drop of a set of reg­u­la­tions rap­idly evolving to keep pace with the sec­tor), toa range of pro­ject/agree­ment struc­tures and parties (without a “cook­ie cut­ter” ap­proach) in­volved in pro­ject own­er­ship, op­er­a­tion and elec­tri­city sale and pur­chase, with sig­ni­fic­ant co-de­pend­ence between such parties, toa gov­ern­ment policy con­text that (while at face value of­ten pro-green) is of­ten in­creas­ingly con­cerned about grid and policy charges be­ing avoided through these types of pro­ject and wishes to see all mar­ket par­ti­cipants pay­ing a per­ceived fair share of such costs. In this guide we provide an over­view of these chal­lenges and op­por­tun­it­ies in Europe, with a view to as­sist­ing you in re­view­ing, up­front, the key is­sues of­ten as­so­ci­ated with on-site power solu­tions of this nature. 
03/02/2022
CMS ad­vises Mayr-Mel­nhof Holz Hold­ing Group on ac­quis­i­tion of Swedish saw­mill...
With the sup­port of CMS Aus­tria, Mayr-Mel­nhof Holz is con­tinu­ing its suc­cess­ful course of ex­pan­sion. Shortly be­fore the end of the year, the tra­di­tion­al Aus­tri­an com­pany signed a con­tract to take over the Swedish saw­mill group Ber­gk­v­ist Sil­jan. In the 2022 fin­an­cial year, the com­pany will thus achieve sales of more than EUR 1 bil­lion for the first time in its 170-year his­tory.With this ac­quis­i­tion, Mayr-Mel­nhof Holz, one of the lead­ing com­pan­ies in the European saw­mill and wood pro­cessing in­dustry, is ex­pand­ing its pro­duc­tion ca­pa­city by around 50 per­cent to more than 5.0 mil­lion solids cu­bic metres of sawn tim­ber per year.The clos­ing of the trans­ac­tion took place on 1 Feb­ru­ary 2022. The parties agreed not to dis­close the fin­an­cial de­tails of the trans­ac­tion.“We are very pleased that we were able to suc­cess­fully as­sist the Mayr-Mel­nhof Holz Group with this im­port­ant step in its ex­pan­sion. The short peri­od of time over which this trans­ac­tion was ne­go­ti­ated and con­trac­tu­ally agreed was ex­cep­tion­al,” said Rain­er Wachter, Co-Head of Cor­por­ate Trans­ac­tions at CMS Aus­tria.The CMS team con­sisted of part­ner Rain­er Wachter (lead), part­ner Oliv­er Wern­er (M&A, W&I In­sur­ance) and lead as­so­ci­ate Marco Sel­en­ic. As­so­ci­ate Mat­thi­as Emich from the cor­por­ate team provided sup­port. CMS’s com­pet­i­tion law work was handled by part­ner Di­eter Zand­ler with sup­port from as­so­ci­ates Vanessa Hor­aceck and Arno Scharf. Swedish law firm Wis­trand Ad­vokat­byrå (Lead Part­ner Robert Kullgren) as­sisted CMS and Mayr-Mel­nhof Holz.Sus­tain­ab­il­ity in fo­cus­Mayr-Mel­nhof Holz is one of a large num­ber of CMS cli­ents who place the is­sue of sus­tain­ab­il­ity at the centre of their busi­ness activ­it­ies. For ex­ample, the com­pany ob­tains its raw wood ex­clus­ively from sus­tain­ably man­aged forests. With the ac­quis­i­tion, the ex­ist­ing saw­mills in Leo­ben (Aus­tria), Paskov (Czech Re­pub­lic) and Efimovskij (Rus­sia) have now been joined by three new sites in cent­ral Sweden.
24/11/2021
Hy­dro­gen law, reg­u­la­tions & strategy in Aus­tria
1. Cur­rent State of Hy­dro­gen Pro­jects in Aus­tria Aus­tria has am­bi­tious goals when it comes to re­new­able en­ergy sources: by 2030, the coun­try wants to ob­tain its elec­tri­city sup­ply com­pletely from re­new­able...
18/11/2021
Hy­dro­gen in Aus­tria: Wait­ing for a strategy
All over the world, hy­dro­gen is in­creas­ingly seen as one of the key drivers of the en­ergy trans­ition. An in­creas­ing num­ber of coun­tries are for­mu­lat­ing strategies and an­noun­cing in­vest­ment pro­grams to foster the de­vel­op­ment of hy­dro­gen pro­jects, es­pe­cially green ones. In Aus­tria, ini­tial plans of a strategy for the use of hy­dro­gen were an­nounced more than three years ago but little has happened since then – at least polit­ic­ally.
15/04/2021
Law and reg­u­la­tion of con­sequen­tial dam­ages clauses in the en­ergy sec­tor...
1. Do the words “con­sequen­tial loss” have a giv­en mean­ing in law? The word­ing “con­sequen­tial loss” it­self does not ex­pli­citly ex­ist un­der Aus­tri­an law. Nev­er­the­less, Aus­tri­an law uses the concept...
18/12/2020
CMS Ad­vises A1 Telekom Aus­tria on Ac­quis­i­tion of NTT Aus­tria’s Alc­a­tel-Lu­cent...
18/12/2020
Re­new­able en­ergy law and reg­u­la­tion in Aus­tria
1. Brief over­view of the re­new­ables sec­tor En­ergy sourced from re­new­ables is be­com­ing in­creas­ingly im­port­ant in Aus­tria. Ac­cord­ing to the En­ergy Re­port, 2019 pre­pared by the Min­istry of Ag­ri­cul­ture...
07/12/2020
New rules on en­ergy com­munit­ies in Aus­tria
The fight against cli­mate change is (be­sides hand­ling the cur­rent COV­ID-19 pan­dem­ic) ar­gu­ably the most im­port­ant goal of gov­ern­ments world­wide. However, it seems that le­gis­lat­ive meas­ures have so far...
01/12/2020
New rules on En­ergy Com­munit­ies in Aus­tria
Based on the EU’s Clean En­ergy for all Europeans pack­age, Aus­tria is one of the first coun­tries in Europe, which has presen­ted draft le­gis­la­tion on so-called en­ergy com­munit­ies. En­ergy com­munit­ies are...
25/11/2020
The new for­eign dir­ect in­vest­ment re­gime in Aus­tria
Among many oth­er ef­fects, the COV­ID-19 pan­dem­ic has re­vealed the vul­ner­ab­il­ity of sup­ply chains world­wide, thereby in­creas­ing aware­ness of the need to pro­tect crit­ic­al do­mest­ic in­fra­struc­ture. The new...