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 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.

Hungary has amended its Criminal Code (Act C of 2012), significantly broadening the scope of environmental offences and introducing tougher penalties. The changes mean that environmental breaches previously treated mainly as administrative compliance issues may now also give rise to criminal liability for both the individuals involved and the companies on whose behalf they act.

These criminal-law changes come against the backdrop of a broader tightening of environmental enforcement. Significantly higher environmental fines are already in force as of 25 October 2026, and a national environmental authority is scheduled to begin operating on 1 January 2027. For more details, see our earlier article: https://www.schoenherr.eu/content/hungary-overhauls-environmental-enforcement-and-launches-concession-reviews

Hungary's Ministry of Finance has published its Medium-Term Economic Policy and Fiscal Programme for 2027–2030. It sets out a fiscal consolidation path, tax policy changes and structural reforms aimed at meeting the conditions for euro area accession by 2030. The Programme targets a reduction of the general government deficit from 7.5 % of GDP in 2026 to 2.8 % by 2030 and relies on EU funding and increased investment to support economic growth. The proposed measures may have significant implications for corporate taxation, public procurement, EU-funded investment projects and the broader business environment in Hungary.  

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

Willkommen zu unserem monatlichen Litigation-Update für Österreich.

Mit diesem Newsletter möchten wir Ihnen einen kompakten und aktuellen Überblick über relevante Rechtsprechung, Gesetzesänderungen und Entwicklungen im Zivil- und Zivilprozessrecht bieten. Von höchstgerichtlichen Entscheidungen über Neuerungen bis hin zu praktischen Hinweisen für Ihr Unternehmen – wir halten Sie auf dem Laufenden.

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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.