Schoenherr advised Raiffeisen Bank International AG (RBI) on the drafting and negotiation of the documentation for financing the acquisition of a 47.53 % stake in RWA Raiffeisen Ware Austria Aktiengesellschaft (RWA) by an affiliated company of RWA Raiffeisen Ware Austria Handel und Vermögensverwaltung eGen. The purchase price amounts to EUR 176m.

Sebastian Guțiu | Office Managing Partner | Schoenherr Romania
Alfredo Durante Mangoni | Ambassador of Italy to Romania

The various forms of cyberfraud are ordinarily the subject of criminal proceedings. However, as a recent Supreme Court decision shows, they can also give rise to complex issues in civil proceedings, such as the victim's obligation to pay the purchase price a second time.

According to a preliminary legislative notice issued by the Ministry of Labour, Social Affairs and Family of the Slovak Republic and published on 15 May 2025, the Ministry is preparing a draft law on pay transparency. The aim of this law is to transpose Directive (EU) 2023/970 of the European Parliament and of the Council of 10 May 2023 to strengthen the application of the principle of equal pay for equal work or work of equal value between men and women through pay transparency and enforcement mechanisms.

On 22 April 2025, Law No. 66/2025 on combating delayed performance of payment obligations in contracts between professionals or between professionals and public authorities was published ("Law No. 66"). Although Law No. 66 is meant to transpose certain norms from European Directive 2011/7/EU and essentially repeats the wording from the Civil Code of Moldova that is currently in force, the legislation is meant to further strengthen the enforceability of payment obligations in commercial transactions (including with foreign counterparts). Law No. 66 will enter into force on 22 October 2025.

Welcome to our to the point newsletter. Every month, we are looking back at the most relevant developments in the area of financial regulation in the CEE region.