WMWP advises awsGründerfonds in the course of Series A financing for Adverity
Adverity GmbH, a company specialised in integration and analysis of marketing data, successfuly closed a Series A financing round in the amount of MEUR 3.2. Besides Mangrove Capital Partners as lead investor, also already existing investors participated in this round. awsGründerfonds as seed investor also participated in this financing round and relied on legal advice... Read More
Chairmain of Joanneum Research´s supervisory board
Martin Wiedenbauer partner of WMWP is chairman of Joanneum Research’s (JR) supervisory board. JR is the second largest non-university R&D-Company in Austria. Besides the scientific excellence of JR’s scientists, the unique attribute of this R&D-Company is its shareholder structure. For 40 months now, JR is a joint venture of Styria and Carinthia, two Austrian federal... Read More
Tourism Financing and State Aid
Martin Wiedenbauer has published an article in ecolex’ March edition (ecolex 2018, 261), a renowned Austrian journal for commercial law. Many EU Member States finance tourism activities and run their own tourism offices or location development departments. In this context aid is often granted for the construction and operation of infrastructures of touristic interest or... Read More
WMWP act legal Austria supports the successful closing of a new financing round of t-matix
WMWP act legal Austria supports successful closing of new financing round in t-matix Fortuna Group has financed a capital increase in t-matix to boost further product development. t-matix is provider of an independent and flexible IoT-Platform, which enables customers to create applications on their own without any special programming skills.
Article about difficult restructuring with borrower’s note loans published in “der Standard”, Austria
Dr. Roman Hager, LL.M. (act legal Austria) and Dr. Sven Tischendorf, MBA (act legal Germany) have published an article in the Austrian newspaper “der Standard” about difficult restructuring with borrower’s note loans. Based on the problems of Kika/Leiner’s parent company Steinhoff regarding this particular financing instrument the authors are explaining that all its advantages are... Read More
Roman Hager and Martin Wiedenbauer are authors of the Austrian Chapter of the Asset Management Review (6th edition).
The authors outline of the relevant legal provisions for asset manager and capital market participants by taking into account the new regulation which is relevant since beginning of 2018. Link zu Austria Chapter Link zu The Law Reviews https://thelawreviews.co.uk/edition/1001075/the-asset-management-review-edition-6?utm_source=mhtml&utm_medium=email&utm_campaign=the_asset_management_review
Legal challenges of factoring companies by selling factoring claims
Roman Hager and Martin Wiedenbauer analyse in their scientific article published in the Journal of Banking and Financial Research (BankArchiv) the legal challenge of factoring companies by selling factoring claims. For companies the factory business continues to gain significance. In 2015 in Austria more than 18 billion of claims were sold via factoring. This is... Read More
Attracting FinTechs to Austria: navigation the legal environment
Dr Roman Hager, Partner at WMWP Rechtsanwälte, explains in an article of the Payments & Fintech Lawyer the relevant legal framework that applies to FinTechs operating in Austria and how the regulatory environment has been developed to create a startup and FinTech ecosystem.
First decision of Austrian Supreme Court on permissibility of qualified subordinated loans granted by consumers
Under a qualified subordinated loan, the lender (in summary) accepts that his claims shall be subordinated to all other claims against the borrower (subordination) and declares that in respect of these liabilities no insolvency proceedings need to be opened and that he will claim satisfaction only after removal of a negative equity (qualification). The rising popularity of... Read More
WMWP joins weXelerate
WMWP an act legal firm is delighted to be selected by the weXelerate team as channel partner for legal services. weXelerate is Europe’s largest innovation center in Vienna and has a multi-corporate accelerator on 9.000m², granting access to world-leading corporates, international investors and top mentors from companies like Google, Uber, Twitter and many more.