act legal Czech Republic Best Law Firm for Environmental law

act legal Czech Republic (act Řanda Havel Legal) won this year’s prestigious Law Firm of the Year award, organised by EPRAVO.CZ, in the category Environmental law. As well as wins in the Energy and Energy projects, Employment Law and Telecommunications and Media categories in past years, it now has another top award. In addition to this, act Řanda Havel Legal was successful in another 16 categories.

Mgr. Martin Řanda, LL.M., head of the environmental team, regards the award as a great success: “The environmental law is one of our main specialisations. We are therefore very pleased that we became law firm of the year in this category. Our expertise, built up over almost 17 years, is crucial for our clients, so they entrust their cases to us. It’s an honour for us and a great obligation.” 

In addition to environmental law, act Řanda Havel Legal was successful in other categories. In competition from almost 80 Czech and international law firms it is highly recommended in the fields of energy and energy projects, dispute resolution and arbitration, competition law, development, and real estate projects, restructuring and insolvency, telecommunications and media, information technology law, public procurement, employment law, corporate compliance, medical law, and it is also greatly recommended in the special category Czech Firm on International Markets. It is recommended for mergers and acquisitions, banking and finance, commercial law, and intellectual property. 

Continuing success in rankings for the quality of legal services has placed act Řanda Havel Legal among the very best law firms in the Czech Republic over the long term.

Complete list you can find here

act AC Tischendorf advises DEG (HQIB)
on its majority shareholding in SMAL GmbH

Digital Experiences Group GmbH („DEG”), in which Harald Quandt Industriebeteiligungen GmbH („HQIB”) holds a majority stake, has acquired a majority stake in SMAL GmbH („SMAL”).

SMAL is an international full-service design and development agency with offices in Munich, Amsterdam and San José. Since 2011, SMAL has been developing outstanding brands, products and services in the physical and digital space.

SMAL represents an important strategic extension for DEG due to its complementary services. SMAL and Ergosign will remain independent companies with their respective brands within DEG and will work together strategically and operationally in the joint group of companies in the future.

The founders of SMAL will remain with the company both as co-partners and in their operational roles. The parties have agreed not to disclose further details of the transaction.

Background:
HQIB is an investment company of the Harald Quandt family and a small number of selected (industrial) families and partners. HQIB invests in small and medium-sized companies in German-speaking countries that are active in established, future-oriented and technically demanding sectors with attractive growth potential.

act legal – with more than 350 professionals throughout Central Europe – offers act legal sophisticated national and international legal advice – the attractive alternative to large international law firms.

act legal Germany regularly and comprehensively advises HQIB on their transactions.

Advisors to HQIB:
act legal Germany: Dr. Fabian Brocke, LL.M. (Corporate/M&A), Dr. Nina Honstetter (Corporate, Labour Law); Marcus Columbu (Finance); Dr. Fabian Laugwitz MBA, LL.M. Eur. (Real Estate)
Ebner Stolz: Alexander Euchner; Wolfgang Klövekorn; Franz Günther (all Tax)

act legal Germany advises Intersaction on its first acquisition in Germany

Intersaction, a private equity investor headquartered in the Netherlands, acquired all shares in Amberg Umwelt-Technik GmbH through its portfolio company BMAir Deutschland GmbH & Co. KG.

BMAir is one of Europe’s leading manufacturers of pressurized filter systems. The group follows an ambitious growth and internationalization strategy, in which the German market plays a key role. The transaction creates a new European market leader in the field of filter pressurization systems for the construction machinery.

Following the acquisition by BMAir, Amberg will continue its operational activities under its own brand. On an organizational level, Robin Veltman, managing partner at BMAir for 20 years, has been appointed as managing director together with Thomas Cronen, who successfully led Amberg Umwelt-Technik for many years as general manager and developed Amberg Umwelt-Technik into a German market leader. Both parties have agreed not to disclose further details of the transaction.

Background:

Intersaction invests with focus to niche and B2B companies with significant growth potential and an EBITDA of EUR 2-10 million. The acquisition of Amberg Umwelt-Technik was their first acquisition in the German market.

act legal – with more than 350 corporate and commercial lawyers across central Europe – offers demanding corporate clientele high-level, cross-border, or regional legal advice being the attractive alternative to major international law firms.

act legal Germany was recommended by a long term client and advised Intersaction/BMAir comprehensively in all matters of this transaction.

Advisors Intersaction/BMAir:

act legal Germany: Dr. Fabian Brocke, LL.M. (Corporate/M&A, lead partner), Maximilian Dieler (Corporate/M&A); Dr. Fabian Laugwitz, MBA, LL.M. Eur. (Real Estate); Marcus Columbu (Finance).

Financial & Tax | Ebner Stolz: Armand von Alberti; Lukas Benzinger

Notary: Anne Vins-Niethammer (Oppenhoff & Partner)

„100% Power, 100% Innovation, 100% Technik. Ich stelle Weichen.” – IT System & Netzwerk Administrator



Für die Unterstützung und sukzessive Nachfolge in die Verantwortung für die IT unserer Kanzlei suchen wir einen

IT System & Netzwerk Administrator (m/w/d).

Wir sind modern, voll durchinvestiert und verfügen im Branchenvergleich bereits über einen sehr hohen technischen Standard. Die konsequente Weiterentwicklung dieses Standards in den kommenden Jahren hat bei uns höchste Priorität.

Werden Sie ein Teil von act AC Tischendorf!

Mehr Infos erhalten Sie in unserer Stellenanzeige:

Wenn Sie sich angesprochen fühlen und bereit für Ihre nächste Herausforderung sind, bewerben Sie gerne direkt bei Dr. Sven Tischendorf: sven.tischendorf@actlegal-act.com Wir freuen uns auf Sie!

Folgen Sie uns auch auf LinkedIn

act legal Germany advises Lafayette Mittelstand Capital on acquisition of mdexx

Lafayette Mittelstand Capital takes over the business operations, including all employees, of mdexx, a former business unit of Siemens, by way of an asset deal.  

mdexx develops and manufactures at its sites in Germany, the Czech Republic and China transformers, power supplies, chokes and filters as well as axial- and centrifugal fans for customized ventilation solutions.

mdexx filed for insolvency proceedings under self-administration on 11 October 2021. With the acquisition by Lafayette, which was consummated in July 2022, the business operations can be continued, expanded and all of the approximately 460 jobs of mdexx are secured.

Background:

Lafayette Mittelstand Capital is an investment firm focused on carve-outs and restructurings. act legal Germany regularly advises Lafayette on M&A transactions.

Advisor Lafayette:

act legal Germany: Dr. Fabian Brocke, LL.M. (Corporate/M&A); Dr. Fabian Laugwitz, MBA, LL.M. Eur (Real Estate/Commercial); Dr. Nina Bogenschütz (Employment); Marcus Columbu (Finance); Maximilian Dieler (Restructuring/ M&A)

act legal Romania assisted Louis Delhaize in the sale and lease-back of Cluj commercial centre to Studium Green, a leading Romanian real estate developer

act Botezatu Estrade Partners assisted the Belgian group Louis Delhaize in yet another high-profile M&A real estate transaction – the sale and lease-back of the Cluj commercial centre anchored by Cora to the leading Romanian real estate developer Studium Green.

The team of real estate and M&A lawyers was led by M&A Partner Laura Estrade and Real Estate Partner Mihaela Poșircă together with Counsels Iustina Sima and Andrei Mureșan.

act Botezatu Estrade Partners assisted in all phases of the transaction, including setting up the Data Room, structuring the transaction, drafting and negotiating the contractual documentation consisting mainly of the share transfer agreement and the long-term lease agreement for existing hypermarket premises.

Thanks again to Mihaela, Laura and act team, special mentions to Iustina and Andrei of course. It is always great to have them onboard, knowing that the transactions are definitely well handled and smooth. We are glad to close the real estate chapter after having sold 6 hypermarket properties to Supernova last December and now Cluj to this best in class real estate developer Studium Green. This transaction will provide a significant retail and mixed use redevelopment potential for the near future, and will definitely benefit Cora as a tenant.” – Josselin Granier, Group Real Estate Director at Louis Delhaize.

Studium Green was assisted by Reff & Associates, the Deloitte legal practice in Romania.

About act Botezatu Estrade Partners

act Botezatu Estrade Partners is the Romanian office of act legal, a strong alliance with 300 attorneys in 9 offices located in important markets in continental Europe.

act legal operates as a one-stop shop, offering cross-border regional full-service legal support to companies and investors that intend to do business in or already have a footprint in continental Europe.

For more updates on the firm’s activity, you can follow its LinkedIn page.

„100% Power, 100% Innovation, 100% Digital. Ich gestalte Visionen.” – Chief Digital & IT Officer



Für die Weiterentwicklung und Umsetzung der Digitalstrategie und zugleich auch für die sukzessive Nachfolge in die Verantwortung für die IT unserer Kanzlei suchen wir einen

Chief Digital & IT Officer (m/w/d).

Wir sind modern, voll durchinvestiert und verfügen im Branchenvergleich bereits über einen sehr hohen Digitalisierungsstandard. Die konsequente Weiterentwicklung dieses Standards in den kommenden Jahren hat bei uns höchste Priorität.

Werden Sie ein Teil von act AC Tischendorf!

Mehr Infos erhalten Sie in unserer Stellenanzeige:

Wenn Sie sich angesprochen fühlen und bereit für Ihre nächste Herausforderung sind, bewerben Sie sich mit einer kurzen Beschreibung vergleichbarer Projekte und Erfahrungen bei Dr. Sven Tischendorf: sven.tischendorf@actlegal-act.com

Folgen Sie uns auch auf LinkedIn

„100% Power, 100% Team, 100% Spaß. Ich gestalte mit – seit Tag 1.”



Rechtsanwaltsfachangestellte (m/w/d) gesucht. Werden Sie ein Teil von act legal!

Papier ist geduldig, das direkte Gespräch ist immer am besten. Über einen Anruf oder eine kurze Mail (gerne mit CV) freuen wir uns sehr.

Mehr Infos erhalten Sie in unserer Stellenanzeige:

Folgen Sie uns auch auf LinkedIn

Important changes in the law on evidence – what now must be observed in every employment contract

What is at stake?

The Verification Act, which has been largely unknown until now, will inevitably be found on the desk of every German employer as a result of its amendment, which will come into force on 1 August 2022. As an EU member state, Germany is obliged to transpose Directive (EU) 2019 / 1152 of the European Parliament and of the Council of 20 June 2019 on transparent and predictable working conditions in the European Union into German law by 31 July 2022 at the latest. At the beginning of May this year, the German legislator presented a corresponding draft law – among other things, to amend the Verification Act, the Part-Time and Fixed-term Employment Act and the Temporary Employment Act, which is to come into force on 1 August 2022. Until now, non-compliance with the Verification Act hardly had any practical relevance, because even orally agreed employment contracts were not invalid due to a violation of the Verification Act. According to the draft law presented by the federal government, violations of the Verification Act now entail more far-reaching legal consequences and fines, which is why employers should definitely review and adapt their standard contracts.

What is the legislator aiming at with the amendment?

The new regulations serve to protect employees in a company and are intended to create even more transparency concerning applicable working conditions.

What’s new?

In future, employers must inform their employees when concluding a new employment contract about, among other things, details of remuneration, probationary periods, working hours, rest breaks, termination and the possibility of bringing an action for protection against dismissal. In addition, reasons must be given for temporary employment and fixed-term contracts. This obligation to provide information also applies to existing employment contracts if they are amended or if employees assert their legal right to information against the employer. The employer must fulfil this right to information transparently and in writing (!) within a period of 7 days. In case of non-compliance or incomplete information, fines of up to EUR 2,000.00 per individual case may be imposed.

What exactly must be considered when drawing up employment contracts starting 1 August 2022?

While remuneration could previously be stated as a lump sum, i.e. including all supplements such as bonuses, special payments and overtime, all remuneration components must be listed separately in the employment contract starting 1 August 2022.

Previously, only working hours had to be stated in the contract. Starting 1 August 2022, rest breaks, shift operation, shift system, shift rhythm and the applicable prerequisites for a shift change must also be recorded. It is unclear whether a general reference to existing company agreements is sufficient.

Contrary to previous practice, it must even be specified in writing under which precise conditions overtime is to be ordered.

Particularly challenging is the newly envisaged obligation of employers to inform their employees in the employment contract about the dismissal procedure and the possibility of bringing an action for unfair dismissal. In this context, questions arise with regard to the consultation obligations of works councils and representatives of severely disabled persons, changes in operations, mass dismissal notices, official approval procedures, etc.

In the future, however, employers will also have new obligations in connection with fixed-term contracts and temporary employment. After a transfer period of six months, the employer will prospectively have to respond to a correspondingly signalled interest of fixed-term employees or temporary workers. The employer will prospectively have to respond to a correspondingly signalled interest of fixed-term employees or temporary workers after a transfer period of six months giving the employer will have to give reasons as to employment relationship or the temporary employment relationship will not be converted into a permanent employment relationship of unlimited duration. This has to be done in text form within a period of one month.

What should be done now?

Employers are well advised to adapt their existing employment contract templates accordingly for the future and to keep a carefully prepared standard information letter for the election of the 7-day period, as fines of up to EUR 2,000.00 may be imposed in each individual case if the information is not provided on time or is incomplete.

act legal Germany advises Pixotope on acquisition of TrackMen GmbH

Pixotope Technologies, a member of Eltek Holding AS, a private investment company based in Oslo, Norway, has acquired all shares in TrackMen GmbH, a leading provider of 3D real-time tracking solutions.

The acquisition is a major step for the media industry as Pixotope and TrackMen now combine a complete virtual production platform, including graphics, camera tracking and talent tracking, into a single product. The founders of TrackMen, Thorsten Mika and Hendrik Fehlis, will stay on board and will further develop the business with its new shareholder Pixotope.

The parties have agreed not to disclose further details of the transaction.

Background:

This was the first M&A transaction of Pixotope in Germany. Act legal previously also advised Pixii AS, another portfolio company of Eltek, being active in the development, manufacturing and sale of smart modular and scalable energy storage solutions, on its market entry in Germany.  
In the recent transaction, act legal Germany advised Eltek comprehensively on all legal aspects, including IP- and IT matters.

act legal – with more than 350 professionals throughout Central Europe – offers sophisticated national as well as international legal advice – the attractive alternative to large international law firms.

Advisors Eltek/Pixotope:

act legal Germany: Dr. Fabian Brocke, LL.M. (Corporate/M&A); Dr. Nina Honstetter (Corporate, Employment); Dr. Florian Wäßle, LL.M., Monique Gunawardene (both IP/IT, Data Protection)

Moog Partnerschaftsgesellschaft: Marc Sälzer (Tax)