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Austria > Banking and finance > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Banking and finance
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

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Next generation lawyers

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Who Represents Who

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Cream of the crop’, Binder Grösswang has an ‘outstanding, business-minded’ team, which handles the full spectrum of contentious and non-contentious banking and finance work. Michael Binder and Stefan Tiefenthaler are the practice co-heads and the latter recently advised the European Investment Bank and Erste Bank on the financing of two wind farm projects in Lower Austria. Other clients include UniCredit Bank Austria and private equity company Ardian.

Freshfields Bruckhaus Deringer’s ‘excellent’ team covers the gamut of banking and finance law, from project finance, restructuring and regulatory matters to structured finance and contentious work. Florian Klimscha advised an international bank on economic sanctions imposed by the European Union on certain Russian individuals as a response to the Ukraine crisis. Friedrich Jergitsch heads the practice, which includes newly promoted partner Stephan Pachinger.

Commercial lending, non-investment grade financings, structured finance and regulatory matters are central pillars of Schoenherr’s ‘extremely knowledgeable and strong’ practice. Practice head Martin Ebner recently advised Raiffeisen Bank International, as part of a lender consortium, on a €300m general purpose credit facility for Zumtobel. Walter Gapp left the firm to join Rautner Rechtsanwälte GmbH.

Wolf Theiss’ ‘knowledgeable, solution-oriented and pragmatic’ team is credited as having wide-ranging experience. The practice advised Erste Group Bank on the financing of the development and construction of the Austria Campus business centre project. Sberbank Europe is another client. Markus Heidinger heads the team, which also includes the ‘very calm, hardworking and analytical’ Andrea Gritsch and the ‘very experiencedAndreas Schmid.

CHSH Cerha Hempel Spiegelfeld Hlawati’s ‘responsive, solution-oriented’ team is best known for its expertise in financing transactions, real estate financing, regulatory and bank contractual work. Edith Hlawati heads the practice, which advised AT & S Austria Technologie & Systemtechnik on a €220m promissory note loan and assisted Sberbank Europe with the lending of commercial finance facilities to borrowers.

Praised for its ‘strong hands-on approach’, CMS is particularly well versed in project finance, corporate lending and acquisition finance work. Practice head Günther Hanslik advised Erste Group Bank on the financing of its new headquarters in Vienna. Alexander Rakosi is recommended.

Dorda frequently advises banks, funds, corporates and public entities on acquisition, project and asset finance alongside regulatory and bank contract law matters. Andreas Zahradnik, who co-heads the team with Tibor Varga, advised BNP Paribas on the acquisition of DAB Bank and its subsidiary, direktanlage.at, from UniCredit Bank Austria.

The ‘commercially minded’ team at Fellner Wratzfeld & Partners regularly assists financial institutions with financing, restructuring and refinancing matters, as well as non-performing loan transactions. Clients are UniCredit Bank Austria, Semper Constantia Privatbank and BAWAG P.S.K. Practice head Markus Fellner is ‘a tough negotiator’ and ‘always one step ahead’.

Regulatory, transactional and contentious banking work are key elements of Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG’s practice. Dieter Buchberger advised a lender on an energy project financing in the renewables sector; he is also recommended for his investment funds experience. Georg Diwok heads the practice.

With a focus on financing transactions, Barnert Egermann Illigasch Rechtsanwälte GmbH advises national and international financial institutions, private equity funds and corporates. As a highlight, practice head Michael Raninger assisted Constantia Flexibles with a senior secured covenant-lite syndicated facilities agreement.

Eisenberger & Herzog is dedicated to finance and restructuring transactions, banking regulatory and litigation work. ‘Excellent negotiatorPeter Winkler and the ‘very analyticalMarcus Benes are co-heads of the ‘strong’ practice, which served as local counsel to European Locomotive Leasing, backed by the private equity company KKR, to assist with refinancing issues to purchase electric locomotives.

The ‘very experiencedErnst Brandl heads the ‘focused, reliable and professional’ team at Brandl & Talos Rechtsanwälte GmbH, which frequently acts for individuals, banks and companies before the Austrian Financial Markets Authority (FMA) in licensing procedures and investigations. Other areas of expertise include banking regulatory and compliance work.

DLA Piper Weiss-Tessbach has a strong profile for banking and finance transactions along with regulatory advisory work. The ‘solution-oriented’ Christoph Urbanek has ‘a good understanding of the market’ and advised UniCredit Bank Austria on financing the acquisition of a Czech outlet centre. Oskar Winkler heads the practice, which includes the ‘experienced and pragmaticJasna Zwitter-Tehovnik.

Graf & Pitkowitz regularly handles licensing, restructuring and refinancing and also has notable experience in regulatory and contentious work. Practice head Otto Wächter assisted an international bank with sanctions matters.

Hausmaninger Kletter Rechtsanwälte GmbH represented the Austrian state of Carinthia and its Compensation Fund during its bond offer to HETA Asset Resolution creditors as part of the debt restructuring process. Manfred Ketzer is the contact.

Syndicated lending and project finance work constitutes a key portion of Rautner Rechtsanwälte GmbH’s workload along with regulatory advice. The ‘commercially mindedUwe Rautner advised Novum Bank on its lending business in Austria. Walter Gapp joined from Schoenherr.

Saxinger, Chalupsky & Partners is experienced in loan agreements, corporate finance and refinancing. Clients include Erste Bank and Raiffeisenlandesbank Niederösterreich-Wien. Immanuel Gerstner heads the practice.

Benn-Ibler Rechtsanwälte GmbH is particularly active in corporate, real estate and asset finance matters but also provides regulatory advice. Stefan Eder heads the practice, which increased its bench strength by recruiting Ingo Braun from Specht & Partner.

With a strong focus on transactions, Graf Patsch Taucher Rechtsanwälte’s ‘very responsive’ practice assisted Jadeberg Partners and its venture capital funds with two capital injections to finance international expansion. Main contact and ‘good negotiator’ Bernd Taucher ‘always has plenty of solutions to hand’.

Much of Herbst Kinsky Rechtsanwalte GmbH’s work pertains to regulatory, asset and acquisition finance. Christoph Herbst and Christoph Wildmoser are the main contacts.

PHH Rechtsanwälte’s ‘fast and knowledgeable’ team primarily handles financing and regulatory work. The ‘motivated and supportiveWolfram Huber heads the team, which includes senior associate and ‘skilful negotiator’ Annika Wolf.

Schindler Attorneys’ ‘very professional and responsive’ practice covers a diverse mix of matters, including syndicated loans, project and acquisition finance. Martin Abram and Florian Cvak are the team co-heads.

Claudia Steegmüller leads the practice at Taylor Wessing Austria, which assisted KGAL with refinancing matters. Other areas of expertise include finance transactions, project finance and banking litigation.

Weber & Co. Attorneys-At-Law is dedicated to advising banks, investment funds and regulated industry players on regulatory, financing and refinancing matters. Stefan Weber and Christoph Moser are the key contacts.

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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 for Banking and finance

  • EU: High-Level Expert Group on Sustainable Finance delivers early recommendations

    On 13 July 2017, the High-Level Expert Group (" HLEG ") on Sustainable Finance published its interim report (" Interim Report ") setting out concrete steps to create a financial system that supports sustainable investments. This Legal Insight is part of our dedicated newsletter series on the European Capital Markets Union (" CMU "). Background The growing awareness of environmental challenges and sustainability risks as well as the adoption of the UN 2030 Agenda and the conclusion of the Paris Climate Agreement by the EU in 2015 call for an EU strategy on sustainable finance. Establishing an EU strategy on sustainable finance is a priority action of the CMU. In December 2016, the HLEG was established to advise on the development of such an EU strategy . The recently published HLEG Interim Report was recently presented in a public hearing on sustainable finance on 18 July 2017. At the same time, the HLEG presented an online questionnaire on the Interim Report aimed at obtaining targeted feedback until 20 September 2017, which would be reflected in the final report of the HLEG scheduled for publication by the end of 2017.
    - Schönherr

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Stop! Wait! Move! – No longer Stamp Duty for Residential Homes

    On 12 October 2017, right in a last minute attempt to win undecided voters for one of the political parties, the leaving members of parliament enacted a new tax law. While fundamental changes to the Austrian Tenancy Law had been vividly discussed between the socialist and the conservative parties in recent years, the new law on the abolition of stamp duty falls completely short of what could have been achieved.
    - Dorda
  • European Court of Human Rights: Employers have limited rights to monitor employee communications at

    A landmark decision was issued yesterday (Judgement Bărbulescu v. Romania), a source of debate in the media , in which the European Court of Human Rights clarified the restrictions on monitoring employees in the workplace.
  • Potential Hurdle for Acquisitions in Hungary by Non-EU and Non-EEA Investors

    The Hungarian Ministry of the Interior recently submitted a legislative proposal to the Hungarian Government to amend the Act on Hungarian National Security Services (the " Proposal "). The Proposal suggests an amendment pursuant to which investors from non-EU and non-EEA countries who wish to invest in Hungary would have to obtain prior permission from the minister responsible for national security (the " Minister .
  • EU: High-Level Expert Group on Sustainable Finance delivers early recommendations

    On 13 July 2017, the High-Level Expert Group (" HLEG ") on Sustainable Finance published its interim report (" Interim Report ") setting out concrete steps to create a financial system that supports sustainable investments. This Legal Insight is part of our dedicated newsletter series on the European Capital Markets Union (" CMU "). Background The growing awareness of environmental challenges and sustainability risks as well as the adoption of the UN 2030 Agenda and the conclusion of the Paris Climate Agreement by the EU in 2015 call for an EU strategy on sustainable finance. Establishing an EU strategy on sustainable finance is a priority action of the CMU. In December 2016, the HLEG was established to advise on the development of such an EU strategy . The recently published HLEG Interim Report was recently presented in a public hearing on sustainable finance on 18 July 2017. At the same time, the HLEG presented an online questionnaire on the Interim Report aimed at obtaining targeted feedback until 20 September 2017, which would be reflected in the final report of the HLEG scheduled for publication by the end of 2017.
  • Serbian Competition Authority Steps Up Antritrust Enforcement

    The Serbian Commission for Protection of Competition (the " Commissio n") recently intensified its antitrust activities before the new Administrative Act came into effect. In one week alone the Commission initiated four antitrust cases and conducted two dawn raids. 1. What/who will be on the Commission's radar?
  • First Annual Privacy Shield Review to take place in September 2017

    One of the core principles of the EU-US Privacy Shield (" Privacy Shield ") is its Joint Review mechanism, which obliges the European Commission, the US Department of Commerce and the Federal Trade Commission to jointly review the functioning of the Privacy Shield on an annual basis, together with its national security and law enforcement aspects. The very first Joint Review is scheduled for September 2017. This first review is considered especially important, as it will be the first opportunity for US and EU regulators to closely analyse the operation of the Privacy Shield, address possible concerns about its functioning, and seek to ensure that the Privacy Shield continues to be a valid legal basis for transfers of personal data from the EU to the US.
  • The role of the supervisory board in investor relations

    1.Abstract
    - Dorda
  • Constitutional Court's Recent Judgments on Rent in Austria

    The Constitutional Court has recently provided two judgments on 28 June 2017 on the rent control legislation in Austria ruling that the current system for flats complies with Austrian Constitutional Law and the European Convention on Human Rights. The Constitutional Court visibly failed to take the opportunity to initiate a change to the current legislation. Further appeals to the Constitutional Court are likely and worthwhile with the Austrian parties currently involved in their campaigns for the general election in October 2017.
    - Dorda
  • Buy-to-Let Schemes in Austria

    Buy-to-let schemes reached the Austrian market several years ago and have gained increased popularity in the scenic alpine regions of Tyrol, Vorarlberg or Salzburg. Investors acquire condominium ownership in newly constructed hotel facilities and rent out the properties to hotel operators at – ideally – attractive rates. While buy-to-let-schemes can be very lucrative investments, they also raise complex legal and tax questions. With the economic and financial crisis falling into oblivion, investors, however, have become more and more willing to sail these waters.
    - Dorda
  • Hungary: Are Interim Measures Hard to Enforce?

    The Hungarian Parliament recently passed new legislation on arbitration ( Act LX of 2017 on Arbitration , the “2017 Act”) that will reform Hungarian arbitration law as of 1 January 2018.

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
  • Slovakia: Schoenherr advises Albéa on the acquisition of Scandolara Slovakia

    Schoenherr Bratislava has advised the Albéa group ("Albéa") on the acquisition of 100 % of the shares in SCANDOLARA TUB-EST, s.r.o. ("Scandolara"), a Slovak subsidiary of the Italian Scandolara Group, which produces laminate tubes. read more...
  • Schoenherr assists Republic of Austria in offer to HETA-creditors

    On Friday, 2 September 2016, the Austrian Finance Minister has given the green light to finance a public offer by Kärntner Ausgleichszahlungs-Fonds (KAF) to HETA creditors pursuant to § 2a of the Austrian Financial Market Stability Act. The offer will implement the Memorandum of Understanding (MoU) concluded in May 2016 between the Austrian Minister of Finance and a significant number of creditors of debt instruments issued by HETA ASSET RESOLUTION AG (HETA) that are subject to a regional law deficiency guarantee. The offer will be published by KAF on Tuesday, 6 September 2016.  read more...
  • Austria: Schoenherr advises banking consortium on issuance of EUR 500 million mortgage covered bond

    Schoenherr advised an international banking consortium comprising Commerzbank Ak-tiengesellschaft (technical lead), Barclays Bank plc, Crédit Agricole CIB and CaixaBank SA as Joint Lead Managers on the successful issuance of a EUR 500 million fixed-rate mortgage covered bond ( Pfandbrief ) by Vienna-based Erste Group Bank AG (closing date: 9 September 2015). The bond was placed with institutional investors and listed on the Second Regulated Market of the Vienna Stock Exchange.  read more...
  • Austria: JUVE confirms Schoenherr's leading role in Austrian legal market and among corporate/M&A pr

    JUVE, the premier German-language legal business publication, ranks Schoenherr as the  leading law firm in Austria  and recognises the firm's Corporate/M&A practice for being at the very  apex of the country's transactional practitioners . In the newly-released 2015 edition of its annual 150-page handbook on corporate law firms in Austria, JUVE identifies Schoenherr as having generated the highest revenues among the country’s 15 largest law firms, thanks not least to Schoenherr's advisory role in a large selection of the headline transactions and restructurings during 2014/15.  read more...
  • Austria: Schoenherr advises Allianz Capital Partners on its first acquisition of wind parks in Austr

    Schoenherr advised Allianz Capital Partners (ACP) on its acquisition of four wind parks in the Austrian state of Lower Austria from ImWind, one of the country’s largest wind farm operators, with a portfolio of 320 MW in operation. read more...
  • Austria: Schoenherr advises UNION Investment on prominent real estate transactions in Vienna

    Schoenherr has advised UNION Investment Real Estate GmbH, one of Europe's leading property investment management companies, on several prominent real estate acquisitions that the Hamburg-based group has made in Vienna. In addition to space2move, Schoenherr has also advised UNION Investment. read more...
  • Austria: Schoenherr advises Cimpress on its acquisition of Austria's Druck.at

    Schoenherr advised Cimpress N.V., a world leader in mass customization, on its acquisition of Druck.at, one of the leading web-to-print businesses in Austria. The transaction, which was announced on 18 March 2015, closed on 17 April 2015 following the successful achievement of various closing conditions including Austrian antitrust clearance. The acquisition supports Cimpress’ strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products such as signage, printing, apparel and promotional products. read more...
  • CEE: Schoenherr named Leading Law Firm in South East Europe by Chambers

    Schoenherr has been recognized as " South East Europe Law Firm of the Year " (2015) by the renowned legal publisher Chambers and Partners . Schoenherr lawyers Monica Cojocaru (partner; Bucharest), Miloš Laković (partner, Moravčević, Vojnović & partneri OAD in cooperation with Schoenherr; Belgrade) and Marko Prušnik (partner; Ljubljana) accepted the award on behalf of the firm at the Chambers Europe Awards event held this past Friday evening at Amsterdam’s Hotel Okura. read more...
  • Austria: Arbitration expert Leon Kopecký joins Schoenherr as Counsel

    Leon Kopecký has joined Schoenherr, a leading full-service law firm in Central and Eastern Europe, as Counsel in March 2015. Mr Kopecký focuses on international commercial and investment arbitration, international litigation, and compliance matters. His clients are international firms in the construction, raw materials, infrastructure, finance, fashion and health care industries. He regularly advises clients on complex investment matters. read more...
  • fwp advises UniCredit Bank Austria AG on the sale of Immobilien Holding portfolio

    Vienna, 16 January 2015. Business law firm Fellner Wratzfeld & Partners (fwp) advises UniCredit Bank Austria AG on the multi-stage structured sale of the real estate portfolio it holds via Immobilien Holding GmbH. read more...