Schoenherr advised Raiffeisen Bank International AG and Raiffeisen Bank SA ("Raiffeisen") on the successful completion of the acquisition by Raiffeisen Bank SA of 100 % of the shares in Garanti BBVA Group Romania (comprising Garanti Bank SA and the leasing unit Motoractive IFN SA) from subsidiaries of Banco Bilbao Vizcaya Argentaria SA (BBVA). The transaction strengthens Raiffeisen's position in the Romanian banking market.

Schoenherr advised venture capital investor Pact VC as lead investor on the EUR 6.9m seed financing round for Tumbleweed, a Vienna-based SpaceTech start-up founded in 2024. The round also saw participation from Vanagon Ventures, Prototype Capital and EWOR, as well as international investors and business angels. More than a third of Tumbleweed's 25-strong team also invested in the round, contributing around EUR 300,000 in total. According to the company, it is the largest SpaceTech seed round in Austrian history.

Schoenherr advised the Polish ERP producer, Symfonia., backed by American investor Accel-KKR, on the acquisition of the 100 % share in dvo Beteiligungs-GmbH, including its subsidiary dvo Software Entwicklungs- und Vertriebs-GmbH. This marks Symfonia's market entry into the DACH region.

On 2 November 2026, the National Bank of Hungary (MNB) relaunched the market supervision and capital markets section of its website (piacfelugyelet.mnb.hu). The portal is no longer focused primarily on the authority's activities but serves as an information platform for investors. It also enables users to report suspected unauthorised providers and capital market abuse online, including anonymously.

On 2 November 2026, the Hungarian Government submitted Bill No. T/961 to Parliament. The bill would introduce a new procedure for transferring the management of closed-end investment funds, including private equity and venture capital funds. Under this procedure, at least 60 % of the investment unit holders could initiate the transfer, and it would not require the supervisory authority's prior approval. The bill would also temporarily restrict certain capital calls, adjust the mandatory takeover bid rules, repeal the collateral exemptions applicable to Eximbank and MFB, and terminate the Integration Organisation of Cooperative Credit Institutions (SZHISZ), with its assets transferring to the Hungarian State.

On 13 October 2026, the Council of the European Union adopted Implementing Decision (EU) 2026/2324, lifting the budget protection measures imposed on Hungary in 2022 under the EU's rule-of-law conditionality mechanism. Published in the Official Journal on 21 October 2026, the decision repeals the previous measures, affecting approximately EUR 4.2bln in cohesion funding. It also removes restrictions on new legal commitments involving public interest trusts and entities maintained by them. However, other EU funding conditions remain applicable.

Welcome to our monthly CEE White Collar Crime Law update. With this newsletter, we aim to provide a concise and up-to-date overview of recent case law and other trends and developments in the field of white collar crime law in the CEE region

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On 13 October 2026, the Council of the European Union adopted a decision lifting the rule-of-law conditionality measures previously imposed on Hungary. Published in the Official Journal on 21 October 2026, the decision repeals the 2022 measures, which included the suspension of 55 % of budgetary commitments under three cohesion policy programmes and restrictions on new legal commitments with public interest trusts and entities maintained by them.