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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Austria > Capital markets > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Capital markets
  2. Leading individuals: Hall of Fame
  3. Leading individuals
  4. Next Generation Partners

Leading individuals: Hall of Fame

  1. 1

Next Generation Partners

  1. 1

Who Represents Who

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Binder Grösswang is particularly active in advising financial institutions and companies on bond issuance programmes and capital increases while also representing them in approval procedures before the Austrian Financial Market Authority (FMA) and providing assistance with compliance issues. In a recent highlight, Florian Khol advised BKS Bank on a capital increase including a public offer in Austria, that included assisting with the prospectus preparation, approval procedures before the FMA and the registration with the Austrian Commercial Register. Together with Tibor Fabian, he also assists several housing banks with housing bonds issuance programmes. Michael Binder and Stephan Heckenthaler are other names to note.

Working in close co-operation with its banking and corporate finance teams, Cerha Hempel routinely assists Austrian real estate holding companies with capital market transactions but also acts for several other Austrian-listed companies, banks and investment firms. In recent highlights, Thomas Zivny and Volker Glas advised Buwog on its €300m rights offering, while Glas also handled S Immo's issuance of two fixed-coupon bonds totalling €150m, and assisted Voestalpine with the set-up of a base prospectus for a €1bn bond issuance programme and an inaugural issuance of €500m 1.375% senior notes. The group, which also includes Edith Hlawati, Clemens Hasenauer and 'go-to lawyer for regulatory matters' Peter Knobl, also handles delistings.

Dorda Rechtsanwalte GmbH is a popular choice for investment banks, issuers and investors to assist with the full range of equity and debt issuance matters, such as private placements and public offerings alongside structured and high-yield debt issuances, which the team frequently handles in co-operation with its M&A practice. In headline work, Christoph Brogyányi and Andreas Zahradnik acted as Austrian counsel on Bawag's initial public offering on the Vienna stock exchange, raising €1.9bn and making it Austria's largest IPO, and in other work, Tibor Varga and Felix Hörlsberger acted as Austrian counsel when assisting a committee of holders of senior unsecured notes and other debt instruments issued by Steinhoff Europe with matters pertaining to Steinhoff International's announcement of accounting irregularities. Andreas Mayr heads the team.

Benefiting from its superb international network, Freshfields Bruckhaus Deringer handles a steady flow of capital market transactions involving cross-border elements. Its practice handles the full spectrum of capital market products and transactions including issuances of debt instruments, ranging from straight bonds, commercial papers and medium-term note programmes to high-yield and hybrid bonds, alongside equity-linked bonds, derivatives and structured products as well as capital increases and IPOs. Highlight IPO work included Stephan Pachinger, who jointly heads the team with Friedrich Jergitsch, advising the underwriters, comprised of ten banks led by Goldman Sachs and Morgan Stanley, on Bawag's IPO, and assisting a banking consortium with Raiffeisen Bank International's placement of €650m perpetual additional tier 1 (AT1) capital.

Wolf Theiss Rechtsanwalte GmbH & CoKG is 'highly recommended' for debt and equity capital market transactions alongside regulatory matters, leading to regular mandates from investment banks, most notably in the CEE and SEE regions. With debt capital market expert Alexander Haas in the lead, the team advised Raiffeisen Bank International (RBI), Erste Group Bank and Raiffeisenlandesbank Oberösterreich on various bond-related matters; the team also assisted RBI with the issuance of its first green bond in July 2018. Claus Schneider advised J.P. Morgan Securities and other bookrunners on the issuance of a hybrid bond and Richard Wolf provided regulatory assistance to Bitpanda and its subsidiary in preparation for an ICO. Other key individuals include Markus Heidinger and Andrea Gritsch. Christine Siegl was appointed counsel in May 2018.

Schoenherr (Schönherr Rechtsanwälte) has carved out a strong practice handling capital markets transactions at the interface of banking, corporate and restructuring law, while also having an excellent niche in the fintech sector. Practice head Ursula Rath has specialist expertise in the latter and, in co-operation with colleagues from the corporate practice, she is advising Conda on its ongoing ICO of its CRWD token. Together with Peter Feyl, she also assisted immigon portfolioabbau and its subsidiary with the sale of its 3% stake in RBI to institutional investors via accelerated bookbuilding. The team, which includes Martin Ebner, also handles securitisations, derivatives and high-yield bonds. Counsel Stefan Paulmayer moved to PwC Legal Austria-oehner & partner in July 2018.

Weber & Co. Attorneys-at-Law has a strong debt and equity practice, leading to regular instructions from Austrian banks, domestic issuers, listed companies and financial intermediaries. Mag Christoph Moser, who jointly heads the team with Stefan Weber, advised OMV on its €1bn bond issuance, constituting the largest corporate bond issue by an Austrian issuer in 2017, while also assisting the client with its €500m hybrid bond issuance. In other work, the team advised Erste Group Bank on the issuance of pre-IPO convertible bonds by a non-listed Austrian firm. J.P. Morgan, IT company S&T and Wienerberger are also clients.

Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG's 'innovative' team is best known for its expertise in public takeover and US securities law, working in close co-operation with its teams in Frankfurt, London and the US, while also assisting clients with compliance and contentious matters. 'Very knowledgeable' counsel Stefan Arnold assisted the exchange trustees Commerzbank and Bankhaus Neelmeyer on Vonovia's public takeover bid, including an exchange offer, for Conwert Immobilien Invest, and team head Eva-Maria Ségur-Cabanac advised the placement agents BNP Paribas and Erste Group Bank on immigon portfolioabbau's sale of shares in RBI by way of a block trade.

As an integral part of the firm's corporate group, DLA Piper Weiss-Tessbach's 'reliable' team is particularly strong at dealing with matters at the interface between corporate and capital markets law including debt and equity capital markets transactions. In a recent highlight, the 'knowledgeable and experienced' Christian Temmel advised UniCredit Bank Austria on matters pertaining to its role as the sole global coordinator for Voestalpine's €1bn debt issuance programme, and assisted a banking consortium in its capacity as global bookrunners with the €500m debt issuance by Voestalpine.

With a particular focus on ECM, bpv Hügel regularly advises issuers and underwriters on public offerings of shares and private placements, while also handling delistings. Christoph Nauer advised Immofinanz on its reverse stock split at a ratio of 10:1, combining ten existing shares into a single share. Autobank is also a client. Elke Maria Napokoj heads the team, which works in close co-operation with its corporate group.

Brandl & Talos Rechtsanwälte GmbH has regulatory and litigation work at its core and is well equipped to advise clients on bond issuances as well as matters pertaining to crypto currencies and blockchain-based technologies. 'Top governance and compliance specialist' Christopher Schrank, who jointly heads the team with Thomas Talos and Roman Rericha, defended a former board member of an ATX-listed company against allegations of infringement of the Austrian Stock Corporation Act.

While CMS has recently handled more DCM matters, the team also has substantial experience in ECM work, advising on IPOs, secondary offerings and debt issuances alongside regulatory matters. Team head Martin Zuffer advised Best in Parking Group on its €175m debt issuance programme and its admission to the official market of the Vienna Stock Exchange, among other matters. In the regulatory space, the Vienna Stock Exchange retained the team to assist with the restructuring of its Third Market segment. Other clients include Credit Suisse (Hong Kong) and J.P. Morgan.

With particular expertise in advising regulated industry clients, Eisenberger & Herzog acts for banking, insurance, transport and telecoms sector players on a wide range of capital markets transactions, while also providing compliance and regulatory advice. Team head Peter Winkler advises Fiba Beteiligungs- und Anlage, the controlling shareholder of Best Water Technology (BWT), on BWT's intention to delist from the Austrian stock exchange by merging with a non-listed subsidiary, and advised the target company Conwert Immobilien on Vonovia's voluntary takeover offer. In September 2017, Josef Schmidt joined from Davis Polk & Wardwell LLP.

The 'engaged and friendly' team at Herbst Kinsky Rechtsanwalte GmbH stands out for its fintech sector expertise, regularly advising on crypto currency matters, ICOs and ITOs, while also assisting clients with the placement of convertible bonds and compliance issues. Phillip Dubsky advised longstanding client ams, a supplier of high-performance sensor solutions, on its placement of senior unsecured zero-coupon convertible bonds amounting to €600m, and assisted Vienna-based Marinomed Biotech with its conversion into a public limited company and the subsequent placement of a convertible bond. Dubsky jointly heads the team with the 'hardworking and reliable' Philipp Kinsky.

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Legal Developments in Austria for Capital markets

  • fwp expands know-how thanks to new junior partner

    Vienna, March 2019. Fellner Wratzfeld & Partner GmbH (fwp) adds valuable competence and expertise to the team by welcoming Pavel Bachleda in its midst as a new attorney-at-law and junior partner.
    - Fellner Wratzfeld & Partners

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • THE NATIONAL REGULATION ON THE SECURITY OF "NIS" IN AUSTRIA SHOULD BE OF INTEREST TO YOU

    Good things come to those who wait? Finally, the main implementing regulation for the Austrian Law on Network and Information System Security ( Netz- und Informationssystemsicherheitsgesetz , " NISG ") was published last week. It serves primarily to define which companies are actually affected by the NISG. Now it is getting serious for the operators of " essential services ". What does that mean?
    - Dorda
  • "BLACK FRIDAY" - NOW FREELY USABLE FOR PROMOTIONS IN AUSTRIA

    Black Friday is unquestionable one of the most profitable and busiest days of the year for retail, particularly online. Worldwide almost all online store do offer sales or special promotions on Black Friday or Cyber Monday. Already after this practice has established online, a trademark for " BLACK FRIDAY " was registered in Germany back in 2013. In 2016 a Chinese company acquired the trademark and then filed in 2017 for its extension to Austria. Based on the registered trademark, it granted exclusive rights to an Austrian company, which licensed usage rights to various partner stores against remuneration. Further, an exclusive " Black Friday-Cooperation Program " was established. Non-partners who used the event name or trademark were prosecuted and requested to either pay a license fee or refrain from running Black Friday promotions. Some followed the request and entered into license agreements. Some, however, did challenge the validity of the trademark. Finally, respective proceedings to check the actual protection of the trademark were initiated. Austrian courts now held that the trademark " BLACK FRIDAY " is not protected in Austria .
    - Dorda
  • AUSTRIA: ANONYMISATION ACCEPTED AS VALID DATA DELETION METHOD

    On 5th December 2018, the Austrian data protection authority ( Datenschutzbehörde , "DSB") issued a decision (DSB-D123.270/0009-DSB/2018) on data subject's right to data deletion according to Art 17 GDPR. In a nutshell, the DSB accepted consistent anonymisation as a valid alternative to physical and technical deletion. Beside the clear statement that anonymous data is not subject to the GDPR, the DSB provided detailed information on (technical) requirements of anonymisation methods:
    - Dorda
  • Consent or pay – a valid scheme under the GDPR?

    Media companies throughout Europe struggle with a difficult economic environment: Shrinking sales figures for print products, the digitalisation and consumer demand force publishers to offer their content also on the internet. However, generating money for online publications is not quite easy as – at least in Austria – online subscription against renumeration has not been well accepted by customers. This partially has its root in the lack of suitable micropayment means in the past and users thus getting acquainted to online information being offered for free. Thus, publishers have instead focused on financing their platforms by online marketing activities such as placement of banners. Nowadays such digital advertisement is usually targeted to the specific user. For this purpose, cookies are stored on the user's computer upon his first visit of the website, which then collect data about his location, technical equipment used and online behaviour. This finally allows to display specific, user targeted advertisements. However, such cookies may cause issues with applicable consent requirements under the telecommunication and data protection regulations:
    - Dorda
  • fwp expands know-how thanks to new junior partner

    Vienna, March 2019. Fellner Wratzfeld & Partner GmbH (fwp) adds valuable competence and expertise to the team by welcoming Pavel Bachleda in its midst as a new attorney-at-law and junior partner.
  • fwp helps find a new mega arena location

    fwp helps find a new mega arena location
  • AUSTRIAN DATA PROTECTION AUTHORITY ISSUED THE "BLACK LIST"

    Processing operations subject to the requirement of a data protection impact assessment.
    - Dorda
  • Rien ne va plus!

     
    - Dorda
  • DORDA advises on the acquisition of Austrian office properties Denk Drei

    Stefan Artner , Partner and Head of the Real Estate Practice Group, and real estate attorney Klaus Pfeiffer of DORDA advised Austrian Real Estate Development GmbH ( ARE , a subsidiary of Bundesimmobilien-Gesellschaft, the Austrian privatization agency) on the acquisition of the Denk Drei office properties from IC Development . The successful closing of the forward purchase transaction took place on April 30, 2018. The parties have agreed not to disclose the purchase price.
    - Dorda
  • Austrian "White List"

    Exceptions from the OBLIGATION TO CARRY OUT A data protection impact assessment
    - Dorda

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
  • fwp extends its expertise by appointing a new junior partner from its own ranks

    Vienna, September 2018. Motivated and energetic - this is how the new junior partner of Fellner Wratzfeld & Partner (fwp) presents himself. One of Austria’s leading law firms acclaims Clemens Gabriel’s new status as attorney-at-law registered since 19 September 2018.
  • fwp strengthens areas of competence by appointing a new junior partner from its own ranks.

    Vienna, September 2018. Fellner Wratzfeld & Partner (fwp) adds valuable competence and expertise to the team by promoting Michael Froner to junior partner.
  • Slovakia: Schoenherr advises AlbĂ©a 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...