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"SchneideR’S Rechtsanwalts-KG has been established in August 2003 in the legal form of a limited liability partnership ('Kommanditgesellschaft') under Austrian Law. General partner ..." read more
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Legal market overview

While post-crisis fiscal pressure persists, Austria’s economy is performing comparatively well; GDP expanded marginally in the third quarter of 2013, and further growth is forecast for 2014.

Law firms’ banking and finance practices are becoming increasingly broad, covering issues including financial restructurings, bank and investor liability, and regulatory advice. With the ECM side remaining very quiet, debt products remain the focus of capital markets practices. In the corporate area, a sense of optimism is prevailing, based on a modest but steady increase in M&A activity. IP lawyers, however, are less optimistic; they fear that the arrival of the EU patent regime will further diminish Austria’s already small market for patent work, with Germany dominating European Patent Office work. In terms of international work, Austria remains an entry point to Eastern Europe, and a number of firms have also recently opened offices in Turkey. Some firms are also increasingly looking beyond CEE, to economies such as Brazil, India and China.

A continued trend is the establishment of smaller practices alongside the larger international firms, with spin-offs such as Grama Schwaighofer Vondrak Rechtsanwälte, Aigner Buzanich Rechtsanwälte, Jank Weiler Rechtsanwaelte OG and finance boutique Rautner Huber Rechtsanwälte OG successfully making their mark on the Austrian legal landscape over the past few years. Among notable recent partner moves, labour law expert Franz Marhold and M&A specialist Phillip Dubsky left DLA Piper Weiss-Tessbach for Herbst Kinsky Rechtsanwalte GmbH, and renowned corporate lawyer Stephan Frotz left Schoenherr with plans to open his own firm. After ten years in the market Skadden, Arps, Slate, Meagher & Flom LLP closed its Vienna office, with managing partner Rainer Wachter joining CMS’ corporate transactions practice.

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Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Bulgaria: Decision of the Supreme Court regarding termination of a lease agreement

    In its decision (No. 24/2nd commercial department) of 12 September 2013, the Supreme Cassation Court of Bulgaria comprehensively expressed its opinion on the substantive legal aspects of the economic adverse change clause[1] and ruled on the termination of a lease agreement on this ground. According to the decision, a fundamental change of the circumstances could lead to early termination of an agreement if such change was not caused by any of the parties and neither of them was able to predict it at signing, as well as if further force and effect of the agreement are contrary to the principles of justice and the bona fide rules. The decision is of major importance, since it marks the first time that a long-term lease agreement has been terminated by court ruling due to an economic adverse change. read more...
  • European Union: Unitary Patent System

    Nowadays, the protection of a patent can be obtained by using the following routes: read more...
  • EU: ECJ rules that Natura 2000 sites not carved in stone!

    By its 3 April 2014 judgment in a preliminary ruling procedure, the ECJ has held that in certain cases, the Member States are required to propose to the Commission the declassification of a site on the list of SCIs. This is especially true for those cases in which the owner of land forming part of a site on that list makes a request to declassify that site and proves that the relevant site cannot contribute to the achievement of the objectives set forth in the Habitats Directive. read more...
  • Poland: Limitations of the Rules of Representation of a Company - Practical Solutions

    Limiting the rules of representation of a company is one way to secure the company against unauthorised actions on its behalf. How to do this properly? read more...
  • EU: Retention denied - ECJ declares Data Retention Directive invalid

    On 8 April 2014, the European Court of Justice ("ECJ") declared the Data Retention Directive (the "Directive")[1], which had been the subject of great debate, invalid. The Directive required telecommunications providers to retain certain categories of traffic and location data in order to allow law enforcement authorities to access this data for the purpose of (severe) crime and terrorism prevention and prosecution. read more...
  • AT: Breach of trust - A recent Supreme Court ruling has broad implications for Stock Corporations

    Austria's breach of trust provision found its way back into the limelight only recently via the prominent criminal proceedings against the former management of LIBRO AG, a leading non-food retailer. 
  • Poland: Shale gas - recent developments

    Poland is widely regarded one of the countries with the most substantial reserves of shale gas in EU.
  • Austria: Abolishment of GmbH 'light'

    The amendments to Austria's federal tax law (Abgabenänderungsgesetz 2014 - AbgÄG 2014), by which inter alia the Limited Liability Companies Act (GmbHG) are amended, were published (BGBl I 2014/13) on 28 February 2014 and came into force on 1 March 2014. read more...
  • Romania: New perspective on dawn raids and leniency following criminal legislation amendments

    The entry into force in Romania on 1 February 2014 of the new criminal codes implementing laws - i.e. Law no. 187/2012 and Law no. 255/2013, respectively - brought important changes to certain non-criminal laws such as Competition Law no. 21/1996 republished, as further amended and supplemented ("Competition Law"). 
  • EU's Ukraine-related sanctions - Are you compliant?

    Council regulations imposed by the EU In response to the developments in Ukraine unfolded by the Euromaidan protest movement in early February 2014, the EU Council on 5 March 2014 decided to impose restrictive measures against individuals who have been identified as being responsible for the misappropriation of Ukrainian State funds and/or human rights violations ( Council Regulation (EU) No. 208/2014 ).

Press Releases in Austria

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Austria/Malta: Schoenherr advises Oesterreichische Volksbanken on sale of Volksbank Malta

    Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Österreichische Volksbanken-AG (OeVAG) on the sale of its fully-owned subsidiary Volksbank Malta Limited to Malta-based Mediterranean Bank plc. On 11 April 2014, OeVAG and Mediterranean Bank signed a Share Purchase Agreement for 100% of the shares in Volksbank Malta. Closing shall take place after the required approvals of the relevant regulatory bodies are received. read more...
  • Austria: Stefan Kuehteubl new head of Employment practice at Schoenherr

    Stefan Kuehteubl will join Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), as a partner and the head of the firm's Employment practice as of July 2014. A highly-regarded employment law practitioner, Kuehteubl will be returning to Schoenherr, where he previously worked as a member of its employment team between 1999 and 2004. During the past ten years, he worked in a well-known Vienna-based employment law boutique, in which he was a partner since 2008. read more...
  • Austria: Stefanie Stegbauer promoted to counsel at Schoenherr

    Stefanie Stegbauer has been promoted to counsel at Schoenherr, a leading corporate law firm in Central and Eastern Europe, as of the start of February 2014. Stegbauer specializes in Austrian and European competition law and represents clients in antitrust and Phase 1 and Phase 2 merger control proceedings before both the Austrian Competition Authority and the country's Cartel Court, as well as before the European Commission and the European Court of Justice. read more...
  • Austria: New legal remedy against police activities within criminal investigations

    By 1 January 2014, any measure taken by the police within the pre-trial investigative phase of criminal proceedings which violates subjective rights of the affected person underlies the scrutiny of a judge at the regional criminal court. read more...
  • Austria: Wolfgang Tichy promoted to partner at Schoenherr

    Wolfgang Tichy has been promoted to partner at Schoenherr, a leading corporate law firm in Central and Eastern Europe, as of February 2014. A specialist in real estate and IT law, Tichy has been a member of Schoenherr's Real Estate practice since joining the firm in 2005. In the sphere of real estate law, he focuses on contractual matters, construction contracts, claim management and litigation. IT law is a further central focus of his practice.
  • Belgium / European Union: Schoenherr expands its EU presence with a fully-fledged Brussels office

    Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), is expanding its EU and Competition practice with a reinforced and newly-staffed office in Brussels. Volker Weiss, a partner in Schoenherr's competition practice, will head the Belgium office. Volker Weiss has relocated from Vienna to Brussels, where he leads a team of EU & Competition law specialists from Schoenherr's CEE offices. read more...
  • Schoenherr capital markets partner Ursula Rath joins firm's equity

    Schoenherr, a leading corporate law firm in Central and Eastern Europe, has invited Ursula Rath, a Vienna-based partner in its Banking, Finance, and Capital Markets practice, into the firm's equity. Rath, who served as lead lawyer on a number of the most prominent capital markets transactions in Austria in recent years, will become an equity partner in Schoenherr commencing with the firm's next financial year on 1 February 2014. read more...
  • Austria: Schoenherr advises ÖVAG on sale of financing portfolio

    Schoenherr, a leading corporate law firm in Central and Eastern Europe, together with the Viennese law firm Vavrovsky Heine Marth, advised Österreichische Volksbanken-AG (ÖVAG) on the sale of a financing portfolio with an approximate nominal value of EUR 428 million to CA Immobilien Anlagen AG. read more...
  • Austria/CEE: Schoenherr presents roadmap14: a fresh and colourful publication for lawyers

    Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), has just published the newest edition of roadmap, its renowned annual legal publication providing an overview of the most topical business law topics and developments in the CEE region, as well as insights and analyses. Consisting of 100 articles covering 12 practice areas written by authors from 13 CEE countries as well as from Turkey, this year's roadmap is the first to be offered in multiple languages - namely, English and the individual author's native language - in its online version: read more...
  • Schoenherr advises Seven Mile Capital

    Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised New York-based private equity firm Seven Mile Capital Partners II LP, alongside lead counsel Willkie Farr Gallagher (New York), on its USD 120 million acquisition of the Austrian and US operations of Microporous, a leading producer of lead-acid battery separators, from Polypore International, Inc. As part of the transaction, Seven Mile Capital acquired the Microporous lead-acid battery separator facilities in the USA (Piney Flats, Tennessee) and Austria (Feistritz im Rosental, Carinthia). read more