Financial Institutions

The initial political momentum behind Bulgaria’s goal to adopt the euro by 2025 has waned, overshadowed by other urg...

A material revision of the current foreign direct investment screening regulation is under way 1. Background: Material rev...

Bucharest, 25 May 2023 – Wolf Theiss acted as legal advisor to Banca Comercială Română S.A. in relation to its in...

Q&A Video with Erste Group and RBI Green Bonds and Securitisation Series This video accompanies the previous article H...

Q&A with Erste Group and RBI Green Bonds and Securitisation Series – Article 3/3 This is the thrird article in a ser...

The FMA and OeNB traditionally published1 their focal points for supervisory activities for the new year at the end of Dec...

*This list is regularly updated. Current as of 21 December 2022. The below list shows an overview over the EU sanctions re...

How safe are customers’ crypto assets in the insolvency of their crypto custodian? This article is also available in...

*Status as of 20 February 2023 Croatia entered the European Union on 1 July 2013, but 1 January 2023 is the date when Croa...

1. What are Sustainable Bonds, Green Bonds & Social Bonds? 2. Outlook on Sustainable Bond Issuance 3. The European Gre...

Bucharest, 1 April 2022 – Wolf Theiss acted as a legal advisor to Raiffeisen Bank in relation to a EUR 325 million credi...

Consumers – in particular borrowers – are generally very well protected in Austria. The rules protecting consumers dir...

The end of 2021 was marked by substantial changes to Serbia’s capital markets legislation. The Parliament first adop...

Wolf Theiss advised the European Investment Bank (EIB) on the aspects of Bulgarian law of its venture debt financing to En...

On 18 November 2021, the Parliament of Ukraine adopted the Draft Law “On Insurance”, No.5315 (the “Insur...

Lawyers from the Wolf Theiss office in Tirana acted as local counsel to the joint lead managers in the latest issuance by ...

Wolf Theiss has advised the international insurance group ERGO on the sale of its Czech subsidiary. Sparkassen-Versicherun...

Raiffeisenbank Austria d.d. had the base prospectus for its EUR 500,000,000 Euro Medium Term Note Programme approved by th...

Raiffeisenbank (Bulgaria) EAD published the base prospectus for its EUR 500,000,000 Euro Medium Term Note Programme which ...

The legal status of cryptocurrencies in Ukraine remained unresolved for quite some time. In the absence of a clear regulat...

On 6 March 2018, the Administrative Supreme Court (NSA) issued the first ruling concerning taxation of income made from tr...

The Austrian Council of Ministers recently resolved a ministerial proposal which would allow for bonds and investment cert...

In order to transpose BRRD2 into Czech law, an amendment to the Czech Crisis Resolution Act and other acts is currently en...

Das Bundesministerium für Finanzen hat einen Gesetzesentwurf samt Materialien, mit dem insb. ein Bundesgesetz über Pfand...

On 12 January 2021, the Council of Ministers of Poland adopted draft amendments to the AML Act in order to implement EU Di...

The Serbian Ministry of Mining and Energy has opened a public debate on a set of draft energy laws intended to introduce s...

Last week on 22 January 2021, the Czech President signed a long-awaited and extensively-discussed Act on the Evidence of U...

MORE REASONS FOR CONCERN RATHER THAN BENEFITS? Romania recently adopted a new law to protect consumers from excessive inte...

A new requirement for traders of natural gas to obtain a license for natural gas trading activity in Bulgaria has been ado...

Nach Jahren zäher Verhandlungen und mehrerer Aufschübe ist es Ende Dezember 2020 doch noch zu einem Abkommen zwischen de...

This guide is part of our wider offerings on Financial Restructuring, which is included in our services for Special Situat...

On 7 October 2020, a liquidity state aid scheme became active in Romania worth RON 4 billion (EUR 820 million). Designed t...

Warsaw, 8 September 2020 – The Wolf Theiss Warsaw team advised the European Investment Bank (EBI) on the provision of fi...

After a 10-year statutory ban on gambling, Ukraine has made a move towards the creation of a regulated gambling market. Ev...

Warsaw, 11 August 2020 – Despite the efforts of the government, the VAT gap is growing, which means that efforts to tigh...

Vienna, 7 August 2020 – Raiffeisen Bank International AG placed Additional Tier 1 capital with unlimited maturity in a v...

On 24 July 2020, the European Commission decided on a package of measures for the recovery of the capital markets. With re...

The Romanian government issued a Government Emergency Ordinance which entered into force on 15 July 2020 in order to bring...

Wien, 17.01.2018 – Die ERSTE GROUP BANK AG hat am 17.01.2018 auf dem internationalen Kapitalmarkt einen festverzinsten h...

Wien, 29.1.2018 - Die Raiffeisen Bank International AG hat am 24.1.2018 weiteres zusätzliche Kernkapital (Additional Tier...

Wien, 6. Februar 2018 – Die Erste Group Bank AG platzierte zwei Emissionen fixverzinslicher Teilschuldverschreibungen de...

Warsaw, 14 March 2018 – Members of the Wolf Theiss Warsaw team attended the Law Career Fair (Prawnicze Targi Praktyk i P...

Warsaw, 28.03.2018 – Increased volatility on financial markets is putting pressure on company management teams when sett...

Warsaw, 21 March 2018 – Wolf Theiss has advised the Polish state-owned company Towarzystwo Finansowe "Silesia" sp. z o.o...

Vienna, 4. June 2018 - On 11 May 2018, the updated base prospectus for Raiffeisen Centrobank AG's Structured Securities Pr...

Bratislava, 22 June 2020 – Bruno Štefánik and Marko Ernek will join the Bratislava office of Wolf Theiss as Counsel an...

Das schweizerische Prospektrecht, das in vielen Belangen veraltet ist, wurde ab dem 1. Januar 2020 durch die Einführung d...

Bulgaria has amended its rules related to the clearing and settlement of card-based payments that are linked to the countr...

On 1 January 2020, important legal provisions aimed at reducing payment delays came into force in Poland. Our lawyers have...

In the increasingly likely event of a no-deal Brexit, many questions remain for UK insurance undertakings in Bulgaria. Apa...

The Ukrainian capital market has been in poor condition for quite some time and could arguably be described as not existin...

On 7 March 2018 the Bulgarian Competition Protection Commission (“CPC”) announced a sector inquiry into the ba...

To counteract tax evasion, Polish authorities have recently introduced legislation  (the Act) and digital systems all...

The new Hungarian Government has submitted its draft act setting out the rules to enable screening of foreign acquisitions...

Wien – Über 150 Teilnehmer informierten sich beim WOLF THEISS Brexit-Stresstest über mögliche rechtliche Konsequenzen...

TECHNICAL STANDARDS BECOME EFFECTIVE As 3 July 2017 gets closer, and January 2018 is also approaching rapidly, the regula...

Der Ministerialentwurf (ME) zur Umsetzung des Market in Financial Instruments Directive 2014/65/EU (MiFID II) Paketes in �...

The end of winter brought a number of measures promoted by the National Bank of Ukraine (the "NBU") and aimed at easing an...

Rights to withdraw from an Insurance Contract will be harmonised in Austria

Following the initiative of several consumer organizations, and based on allegations that the constitutional order has bee...

На 27 ноември 2017г. Европейската комисия прие Регулаторните техниче�...

Wien, 19.01.2017 – Die ERSTE GROUP BANK AG hat am 18.01.2017 auf dem internationalen Kapitalmarkt einen festverzinsten h...

Vienna, 22 December 2016 – As of 15 December 2016, EBRD's issue of RSD 2,500,000,000 Floating Rate Bonds due December 20...

Wien, 20. Dezember 2016 – Die Joint Lead Manager Banco Bilbao Vizcaya Argentaria, S.A., J.P. Morgan Securities plc und U...

Vienna, 16 December 2016 - Amundi has acquired Pioneer Investments from Unicredit for an all-cash consideration of EUR 3.5...

Vienna, 3 October 2016 – Wolf Theiss has advised Heliad Equity Partners on its acquisition of shares in Austria-based MT...

Vienna, 23 September 2016 - OMV has signed an agreement selling a 49% minority stake of Gas Connect Austria (GCA) to a con...

Wien, 15. September 2016 – Die bevorstehende Umsetzung der 4. EU-Geldwäsche-Richtlinie bringt für den österreichische...

Wien, 06.09.2016 – Heute wurde das neuerliche (verbesserte) Angebot des Kärntner Ausgleichszahlungs-Fonds an die HETA-G...

Last week, the 7th Women Leadership Forum took place in Vienna and Andrea Gritsch, member of our Management Team, was amon...

On 12 August 2016 the European Banking Authority (EBA) published a Consultation Paper on draft regulatory technical standa...

The Bulgarian National Bank (BNB) released the results of the banking system overview, which was initiated earlier this ye...

On 27 July 2016, the President of the Czech Republic signed a new Consumer Credit Act (the "CCA") that brings substantial ...

On 17 April 2016 another amendments to competition and consumers' law regime will come into force. The changes introduce n...

Following the recent regulatory improvements, a potential acceleration of the Non-Performing Loans (NPLs) transactions in ...

On 24 March 2016 the National Bank of Ukraine (“NBU”) approved Resolution No. 192 ("Resolution 192"), which introduced...

Beginning from 11 January 2016, registration of the assignments of foreign currency loans received by Ukrainian borrowers ...

Warsaw, 30 November 2017 – Polish companies should intensify efforts to strengthen their internal whistleblowing systems...

Vienna, 5 July 2017 – Today, RBI closed an issuance of €650,000,000 6.125% AT1. Wolf Theiss and Linklaters advised RBI...

Vienna, 18 May 2017 – Erste Group and Wiener Städtische Insurance have once again placed their trust in Wolf Theiss for...

The most important lessons learned since the collapse of Lehman Brothers are that no bank is too big to fail and that nati...