Home / CMS Lawyers in Austria / Marco Selenic
Portrait ofMarco Selenic

Marco Selenic

Lawyer

CMS Reich-Rohrwig Hainz
Rechtsanwälte GmbH
Gauermanngasse 2
1010 Vienna
Austria
Languages German, English, Croatian

Marco Selenic mainly works as a lawyer in the areas of corporate Law/M&A, Compliance and energy Law.  He advises national and international clients in all areas of corporate Law, M&A transactions, project developments and restructuring. His work focuses on the industrial, renewable energy, infrastructure and hotel sectors. His engagement in the Energy & Climate Change sector group underlines his special interest in legal issues related to the energy transition.

During his studies, he worked as an intern in the European Parliament, at one of Europe's largest start-up platforms and later in various positions at a consultancy that specialised in media monitoring and analysis, most recently as Key Account Manager.
During his master's degree in business law at the Vienna University of Economics and Business Administration, which he completed with distinction in 2017, he spent a semester at the Università Commerciale Luigi Bocconi in Milan as part of an Erasmus stay.

After completing the CMS summer internship in 2016, he stayed on as a legal assistant for the Corporate Transactions department and became a trainee after completing his judicial internship. Since January 2023, he is an attorney at law at CMS.  

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Memberships & Roles

  • Austrian Bar Association
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Education

  • 2018 - Court practice at the Higher Regional Court of Vienna
  • 2017 - LL.M., Business Law, Vienna University of Economics and Business Administration
  • 2016 - Erasmus, Università Commerciale Luigi Bocconi, Milan
  • 2015 - LL.B., Business Law, Vienna University of Economics and Business Administration
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28/11/2023
CMS advises Alder Investment III
Press release - 23.11.2023Alder Investment III, a Nordic private equity fund, which focuses on the development of environmentally sustainable companies, recently closed a transaction to acquire a majority stake in Insort, a maker of high-tech imaging solutions for the food industry, used for optical sorting of food products. Alder was advised by CMS on all legal aspects and certain tax aspects of the trans­ac­tion. "Our ability to cover all relevant legal aspects of the transaction enabled us to provide highly specialised advice on a wide range of topics, which is particularly helpful for investment in a high-tech company. It has been a pleasure working with Alder on this transaction. Congratulations to all parties involved," said Peter Huber, Partner and Head of Corporate Transactions at CMS Vienna. The Corporate/M&A team consisted of lead partner Peter Huber, senior associate Marco Selenic and associate Livia Landskron. Tax structuring issues were handled by partner Sibylle Novak and senior associate Thomas Aspalter. Other team members who provided extensive due diligence and transaction documentation support were senior associate Jia Schulz-Cao (IP), partner Daniela Krömer and associate Shima Babanzadeh (employment), partner Marlene Wim­mer-Nistel­ber­ger (regulatory), partner Dieter Zandler and senior associate Vanessa Horaceck (competition). About Alder Alder is a Nordic investment fund with the aim of creating the best possible conditions for long-term development of environmentally sustainable technology and services companies. With a mix of industrial and financial expertise and with an interest in entrepreneurship as a driving force, Alder creates profitable growth in close cooperation with companies. For more information, visit www. alder. se. About Insort Founded in 2011, Insort GmbH is a global technology leader in vision solutions for the food industry. Insort GmbH focuses on the development, production and marketing of digital sorting and control systems based on its proprietary Chemical Imaging Technology (CIT®). CIT® is a hyperspectral imaging technology designed for maximum performance, which enables the classification of food products based on their chemical composition and is used in-line and in real time. In a very short time, Insort has managed to establish itself globally in the highly competitive digital sorting market with its successful machine series called Sherlock. The company currently employs around 60 people at three locations (Austria, USA, Canada). For more information, visit www. insort. at.
10/07/2023
Electricity Storage Facilities in Austria
Legal and Regulatory Framework
03/03/2023
CMS advises DPE on sale of VTU
Press release - 03 March 2023An international CMS team advised DPE Deutsche Private Equity GmbH (DPE) on all aspects of the transaction. The team included lawyers from CMS offices in Germany, Austria, Switzerland, Italy, Belgium, Romania and Poland.   DPE is selling its stake in VTU Group, a leading European provider of engineering solutions for the life science industry based in Graz, to Altor Funds. The Swedish private equity firm, which invests in mid-sized companies with the aim of creating value through growth initiatives and operational improvements, prevailed in a bidding process. The sellers, DPE-owned funds, were advised on all aspects of the transaction by an international CMS team led by Hendrik Hirsch (CMS Germany). The transaction is subject to the requisite approvals from the competent authorities. The parties have agreed not to disclose further details of the trans­ac­tion.   The CMS Austria team led by Alexander Rakosi consisted of corporate/M&A experts Florian Mayer, Marco Selenic and Christoph Birner. The employment department was represented by Jens Winter and Shima Babanzadeh. Competition issues were handled by Dieter Zandler. Real estate law expertise was provided by Mariella Kapoun and Maximilian Uidl. Marlene Wim­mer-Nistel­ber­ger was in charge of public law issues and Thomas Aspalter saw to tax is­sues.   Al­ex­an­der Rakosi, partner at CMS in Vienna and leader of the Austrian team, is enthusiastic about the cross-border cooperation: “Once again, we were able to demonstrate our international expertise, especially in the private equity area, in a multi-jur­is­dic­tion­al project – congratulations to all involved!”
25/11/2022
Energy Savings Guide
This CMS Guide is designed to shine a light on the wide variety of energy saving laws in selected CEE countries by explaining the most important legal measures and helping you to discover where your opportunities might lie. Political and legal framework Energy transformation requires building up new energy sources and that takes time. Saving energy, however, is the quickest and cheapest way to address the current energy crisis, which is mainly caused by Russia’s invasion of Ukraine. Reducing energy consumption cuts households’ and companies’ high energy bills. Building on the “Fit for 55” package of proposals and completing the actions on energy security of supply and storage, the European Commission’s REPowerEU plan put forward a set of five actions, the first of which is energy saving. Union law sets forth mandatory saving goals for Member States but leaves them plenty of leeway to choose between a variety of measures. Applicant countries and many others have passed energy savings laws and targets too – offering additional flexibility. As a framework, the Fit for 55 package and the European Climate Law (REG 2021/1119) sets out a binding, irreversible reduction of anthropogenic emissions. By 2030, 55% of the net GHG (greenhouse gas) emissions compared to 1990 must be saved. By 2050, the mandatory net zero emission goal must be achieved. Regulation 2022/1032 requires that member states fill their gas storage facilities to at least 80-90% or that they store at least 35% of their average annual consumption in European storage facilities. Reducing consumption over the years reduces the filling obligation. Since August 2022, obligatory reductions in gas consumption apply to EU member states (Regulation 2022/1032). The core innovation of this regime is the Union alarm that can be triggered by the European Council if there is a material risk of grave gas supply shortages, extraordinary gas demand or a national alarm pursuant to Directive 2017/1938 in at least five Member States. Once a Union alarm has been triggered and for as long as it remains in force, member states must reduce their gas consumption by 15%. There is a partial exception if this would otherwise cause an electricity crisis in the respective member state. However, the steering measures to be taken and whether certain groups of gas consumers are granted more favourable conditions remain at the member state’s dis­cre­tion. Re­gard­ing electricity, Regulation 2022/1854 on an emergency intervention to address high energy prices aims to reduce electricity consumption by 10% and ease the pressure on electricity prices through revenue caps. Again, Member States are free to choose the appropriate measures to reduce gross electricity consumption and meet the 10% target. Additional rules apply to the fuel consumption of trucks or the energy consumption of district heating/cooling. The CMS Guide The result of these regulations concerning energy saving has been the in­tro­duc­tion of a wide variety of energy saving laws in individual states; and many more measures are still to come. This CMS Guide is designed to shine a light on these regulations by explaining the most important legal measures and helping you to discover where your opportunities might lie. For each jurisdiction, the guide is structured into: (1) a country overview,  (2) national relief measures for high energy prices,  (3) na­tion­al/re­gion­al/com­mun­al energy savings measures, and  (4) energy storage status and incentives. The following measures have been chosen by the states represented in this  guide:  sub­sidies to end-consumers (Austria in general for energy prices; Croatia for gas con­sump­tion), price caps: electricity (Croatia for households, undertakings and certainpublic consumers; Ukraine for house­holds),re­duced VAT rate (Croatia, North Macedonia), tax incentives to privately store gas (Ukraine); exemption from steering measures for privately storing gas (Aus­tria),sub­sidies to compensate for high energy prices (Bulgaria and Slovakia, in Slovenia for enterprises, in Türkiye for agriculture) and energy saving measures: (Croatia for SMEs); the reallocation of EU funds to support energy consumers (Slov­akia); sub­sidies for energy storage solutions (Austria, Bulgaria and Ukraine) or for heat producers (Ukraine),energy efficiency measures incl. digitalisation (Bul­garia),re­duced hours of electricity or heating supply (North Macedonia) or of gas supply (Slov­akia),re­duc­tion of energy consumption by the public administration (Austria, North Macedonia, Slovenia), andobligations on gas storage operators to feed gas into the grid (Austria, Slovakia) or to supply heat producers at preferential prices (Ukraine). rewards for voluntary reduction of gas and/or electric en­ergy con­sump­tion (Slovenia)educed permitting requirements for PV and wind plants (Türkiye).
18/05/2022
On-site power solutions
A guide for large energy users Across Europe there is a clear and consistent trend for large scale commercial and industrial users of electricity adopting on-site power solutions. This is the result of a range of factors, in­clud­ing:re­new­able on-site generation being one of the most clear-cut ways to help “green” a site’s electricity supply and help the com­mer­cial/in­dus­tri­al user achieve their climate change targets;on-site power solutions having the ability to provide resilience of electricity supply during times of system outage or con­straint;avoid­ance of the network and policy charges typically associated with electricity taken from the grid; andthe commercial opportunities from leveraging flexible on-site power solutions to reduce consumption from the grid and/or to export electricity onto the grid. However, while such opportunities mean that on-site power solutions are often an attractive option, on-site projects will generally come with a complex array of legal options and considerations. These range from:the fundamental point that such projects inherently involve participation in a typically heav­ily-reg­u­lated arena (and often the backdrop of a set of regulations rapidly evolving to keep pace with the sector), toa range of pro­ject/agree­ment structures and parties (without a “cookie cutter” approach) involved in project ownership, operation and electricity sale and purchase, with significant co-dependence between such parties, toa government policy context that (while at face value often pro-green) is often increasingly concerned about grid and policy charges being avoided through these types of project and wishes to see all market participants paying a perceived fair share of such costs. In this guide we provide an overview of these challenges and opportunities in Europe, with a view to assisting you in reviewing, upfront, the key issues often associated with on-site power solutions of this nature. 
03/02/2022
CMS advises Mayr-Melnhof Holz Holding Group on acquisition of Swedish sawmill...
With the support of CMS Austria, Mayr-Melnhof Holz is continuing its successful course of expansion. Shortly before the end of the year, the traditional Austrian company signed a contract to take over the Swedish sawmill group Bergkvist Siljan. In the 2022 financial year, the company will thus achieve sales of more than EUR 1 billion for the first time in its 170-year history. With this acquisition, Mayr-Melnhof Holz, one of the leading companies in the European sawmill and wood processing industry, is expanding its production capacity by around 50 percent to more than 5.0 million solids cubic metres of sawn timber per year. The closing of the transaction took place on 1 February 2022. The parties agreed not to disclose the financial details of the trans­ac­tion.“We are very pleased that we were able to successfully assist the Mayr-Melnhof Holz Group with this important step in its expansion. The short period of time over which this transaction was negotiated and contractually agreed was exceptional,” said Rainer Wachter, Co-Head of Corporate Transactions at CMS Austria. The CMS team consisted of partner Rainer Wachter (lead), partner Oliver Werner (M&A, W&I Insurance) and lead associate Marco Selenic. Associate Matthias Emich from the corporate team provided support. CMS’s competition law work was handled by partner Dieter Zandler with support from associates Vanessa Horaceck and Arno Scharf. Swedish law firm Wistrand Advokatbyrå (Lead Partner Robert Kullgren) assisted CMS and Mayr-Melnhof Holz. Sustainability in fo­cus­Mayr-Mel­nhof Holz is one of a large number of CMS clients who place the issue of sustainability at the centre of their business activities. For example, the company obtains its raw wood exclusively from sustainably managed forests. With the acquisition, the existing sawmills in Leoben (Austria), Paskov (Czech Republic) and Efimovskij (Russia) have now been joined by three new sites in central Sweden.
24/11/2021
Hydrogen law, regulations & strategy in Austria
1. Current State of Hydrogen Projects in Austria Austria has ambitious goals when it comes to renewable energy sources: by 2030, the country wants to obtain its electricity supply completely from renewable...
18/11/2021
Hydrogen in Austria: Waiting for a strategy
All over the world, hydrogen is increasingly seen as one of the key drivers of the energy transition. An increasing number of countries are formulating strategies and announcing investment programs to foster the development of hydrogen projects, especially green ones. In Austria, initial plans of a strategy for the use of hydrogen were announced more than three years ago but little has happened since then – at least politically.
31/03/2021
Law and regulation of consequential damages clauses in the energy sector...
1. Do the words “consequential loss” have a given meaning in law? The wording “consequential loss” itself does not explicitly exist under Austrian law. Nevertheless, Austrian law uses the concept...
18/12/2020
CMS Advises A1 Telekom Austria on Acquisition of NTT Austria’s Alc­a­tel-Lu­cent...
07/12/2020
New rules on energy communities in Austria
The fight against climate change is (besides handling the current COVID-19 pandemic) arguably the most important goal of governments worldwide. However, it seems that legislative measures have so far...
01/12/2020
New rules on Energy Communities in Austria
Based on the EU’s Clean Energy for all Europeans package, Austria is one of the first countries in Europe, which has presented draft legislation on so-called energy communities. Energy communities are...