Schoenherr has provided support to the negotiating group established by Austria’s Federal Ministry of Finance in the talks that have led to the successful conclusion of a political agreement in principle between the Republic of Austria and the German state of Bavaria that aims at settling all legal disputes concerning HETA.
Austria and Bavaria reached an agreement in principle with the goal to terminate the legal disputes regarding HETA’s predecessor, Hypo Alpe-Adria-Bank International AG. At their government meetings held on 7 July 2015, Austria’s federal government and the Bavarian state government approved a political agreement in principle at the recommendation of their respective finance ministers Hans Jörg Schelling and Markus Söder.
On the Austrian side, an independent expert commission headed by Irmgard Griss will now assist the process until the conclusion of the formal settlements, with the country’s parliament set to pass the required legal basis this autumn.
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Schoenherr advises Österreichische Volksbanken on restructuring of sector
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Schoenherr advises UNION Investment on prominent real estate transactions in Vienna
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Schoenherr picks up two awards from finance newspaper Ziarul Financiar
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Schoenherr Bucharest wins two awards from business publication Ziarul Financiar
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Schoenherr recognised as leading law firm in South East Europe by Chambers
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Hungary: easement on loan portfolio transfers
Tansfer of loan portfolios now possible among financial institutions.
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EU/Austria: Implementation of the water framework directive
What remains of the ‘class theory’ following the ECJ’s 1 July 2015 (C- 461/13) ruling with regard to the ‘no-deterioration’ clause?
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Austria – Out of the darkness
Regulators are ramping up the pressure in the aftermath of recession, leaving firms to compete for compliance and restructuring work
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