DORDA

Environmental, social and governance (ESG) reporting is a major and evolving regulatory area in Europe. Disclosures play a crucial role in helping the financial sector address climate change and sustainability. They are also being used to address issues such as poor workplace diversity and gender pay gaps. Several jurisdictions have introduced or plan to introduce measures dealing with ESG risks in supply chains.After an outline of EU legislation, this article provides an overview of ESG law in Austria by Clemens Burian, and Christian Richter-Schöller of DORDA Attorneys at Law...

1. Introduction After a long consultation period, the European Commission recently published the new Block Exemption Regulation for Vertical Agreements (Regulation (EU) 2022/720 "VBER"). The regulation will enter into force on 1 June 2022. New Guidelines on vertical restraints  ("Guidelines") will accompany the new VBER. Both replace the previous set of rules from 2010. Agreements which comply with the old VBER will benefit from a transitional period until 31 May 2023 before compliance with the new VBER becomes mandatory in order to benefit from the exemption...

Vienna, Austria – November 17, 2022 – Under the lead of Patricia Backhausen and Christoph Brogyányi, DORDA advises global tech-group PDFTron on the acquisition of Austrian tech start-up eversign GmbH, a provider of digital signature solutions. This transaction is yet another example where DORDA's Digital Industries Group demonstrated its expertise and leading role in technology-related transactions involving innovation-driven markets. The acquisition is not only of a strategic importance for PDFTron but was also challenging from a legal perspective because the digital signature business was spun-off from another group entity during the transaction...

DORDA has advised – as local counsel – DigitalBridge Group, Inc. which today announced that funds affiliated with its investment management arm (collectively, “DigitalBridge”) together with Brookfield Infrastructure and its institutional partners (collectively, “Brookfield”) have reached an agreement to acquire a 51% ownership stake in GD Towers. The transaction values GD Towers, the mobile telecommunications tower business of Deutsche Telekom AG, at EUR 17.5 billion, on a consolidated basis, including the assumption of net debt...