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Austria > Insolvency and corporate recovery > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Insolvency and corporate recovery
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

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Next generation lawyers

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Who Represents Who

Find out which law firms are representing which Insolvency and corporate recovery clients in Austria using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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With a specialism in creditor-side work, Fellner Wratzfeld & Partners is well versed in advising financial institutions on a broad range of reorganisation and restructuring matters. Team head Markus Fellner advised a consortium of banks led by UniCredit Bank Austria on restructuring issues pertaining to the financing of an Austrian media group. Other clients include corporates such as Schlumberger Technologies and Chiho-Tiande.

As part of Freshfields Bruckhaus Deringer’s banking and finance practice, the ‘professional and friendly’ restructuring team acts for corporations, creditors, regulators, borrowers, lenders and insolvency practitioners. Friedrich Jergitsch heads the team, which includes the recommended Florian Klimscha.

Graf & Pitkowitz’s ‘client-oriented, reliable and professional’ team is well equipped to guide clients through bankruptcy, insolvency and restructuring proceedings. The recommended Stefan Weileder and ‘very knowledgeable strategist’ and team head Alexander Isola acted as trustees to the insolvent company Borckenstein and represented the client in insolvency proceedings of its subsidiary HiTex. Other clients include Schirnhofer, Vogel & Noot Landmaschinen, private trusts and investors.

With a focus on advising lenders and distressed borrowers, Schoenherr (Schönherr RechtsanwĂ€lte) is particularly rated for its strength in pre-insolvency reorganisation, refinancing and restructuring work. Martin Ebner and ‘smart’ practice head Wolfgang Höller, who ‘thinks outside the box’, advised Raiffeisenlandesbank Oberösterreich on the restructuring and refinancing of several loans granted to two Croatian subsidiaries of the Austrian real estate group Kaufmann. Other clients include ABBAG and HETA Asset Resolution. The ‘excellent’ Miriam Simsa was promoted to salary partner in February 2017.

Abel RechtsanwĂ€lte GmbH & Co KG’s lawyers act as insolvency administrators as well as on behalf of debtors and are experienced in handling corporate restructurings. Norbert Abel is the main contact.

Routinely working in conjunction with the firm’s banking and finance and corporate practices, Binder Grösswang regularly advises banks and debtors on corporate and financial restructurings, pre-insolvency reorganisations and distressed M&A, while also acting in insolvency-related disputes. The ‘trustworthy and reliable’ Gottfried Gassner, who co-heads the team with Emanuel Welten, advised the creditor Heitkamp Construction on insolvency proceedings pertaining to a construction company.

CHSH Cerha Hempel Spiegelfeld Hlawati’s ‘practical, reliable and efficient’ team ‘provides hands-on advice’ and predominantly acts for creditors and shareholders of distressed and insolvent companies in liquidation proceedings, corporate reorganisations, restructurings and pre-insolvency debt collections. ‘Very responsive’ team head Thomas Trettnak is ‘very pleasant to work with’ and advised Neenah Paper on issues arising from the insolvency of its supplier KRESTA Anlagenbau, while also assisting Whirlpool and its subsidiary KitchenAid with debt collection measures.

Noted for its ‘very good negotiation skills’, Dorda provides ‘business-oriented’ advice to lenders and distressed borrowers on pre-insolvency reorganisations and refinancings, while also representing creditors in insolvency proceedings and insolvency-related litigation. The ‘strategic’ Felix Hörlsberger continues to advise bauMax on its restructuring. Christian Ritschka is ‘hard-working’ and ‘a pleasure to work with’.

Eisenberger & Herzog calls upon its corporate, M&A and capital markets expertise to advise corporate clients and financial institutions on corporate and financial restructurings alongside debt, bonds and loan reorganisations. Michael Strenitz acted as co-lead counsel to QuadraCir in the restructuring of the group’s financial debt. Peter Winkler and Marcus Benes co-head the team, which increased its bench strength in September 2017 by welcoming Josef Schmidt from Davis Polk & Wardwell LLP.

Highly-regarded insolvency administration firm Engelhart & Partner RechtsanwÀlte OEG is a regular fixture on key domestic and cross-border insolvency projects, while also assisting distressed companies and creditors with reorganisations and restructurings. Karl Engelhart is the main contact.

With a strong employment practice, FreimĂŒller/Obereder/Pilz RechtsanwĂ€lt_innen GmbH often acts at the intersection of insolvency and employment law and is well versed in advising debtors. Main contact Georg FreimĂŒller also acts as liquidator.

Jaksch, Schoeller & Riel, Rechtsanwaltskanzlei is best known for its insolvency administration work but also handles restructuring mandates for creditors and corporate clients. Stephan Riel is the key contact.

Preslmayr Attorneys at Law has a fine reputation for reorganisation and refinancing work, which includes assisting corporate entities with the acquisition and sale of distressed assets. Handling administrator mandates and representing creditors in insolvency proceedings constitute other key elements. Team head Matthias Schmidt was appointed administrator in First Vienna FC’s bankruptcy and restructuring proceedings. He also represented the creditor Mars Austria in proceedings pertaining to the Zielpunkt bankruptcy.

The highly regarded Ulla Reisch at urbanek lind schmied reisch RechtsanwÀlte OG is a heavyweight in the insolvency arena with a fine reputation for administration work. Other areas of expertise include advising corporate entities and investors on restructuring and distressed M&A.

‘Able to handle an enormous degree of complexity’, Wolf Theiss draws on the firm’s banking and finance, corporate, real estate and litigation practices to assist with large-scale corporate and financial restructurings. With a specialism in acting for banks and banking consortiums, the recommended Andreas Schmid advised an international lenders’ consortium, led by Raiffeisenlandesbank Oberösterreich, on the financial restructuring of the indebted construction material group Asamer. Gabriele Etzl joined Jank Weiler Operenyi in November 2017.

CMS’ ‘business-oriented’ team focuses on restructuring and transactional work in Austria and the CEE region including related litigation. GĂŒnther Hanslik heads the team, which includes the recommended Alexander Rakosi.

Saxinger, Chalupsky & Partners (SCWP Schindhelm) advises debtors on corporate and financial restructuring matters and provides general insolvency law advice. Christian Pindeus and Fritz Ecker both made partner in 2017 and form part of Ernst Chalupsky’s team.

Acting for debtors, shareholders and creditors, Taylor Wessing Austria covers a wide range of insolvency and restructuring work, including insolvency administration, distressed M&A and litigation. Team head Susanne Fruhstorfer advised Moldegama Industries on insolvency matters pertaining to a subsidiary, and assisted ALB Anlagen- und Leitungsbau with restructuring proceedings. In other work, she advised Zuunda Development on its liquidation and on related criminal proceedings against a former managing director.

Vavrovsky Heine Marth RechtsanwĂ€lte provides ‘strong business acumen’ and ‘high quality’ advice on restructuring and insolvency law matters including administration work. Nikolaus Vavrovsky assisted real estate company Wienwert with restructuring measures. The ‘experienced and analytical’ Karl Ludwig Vavrovsky, whose ‘excellentcommunication and negotiation skills’ are highlighted by clients, was appointed administrator in GOLDprofessionell Austria’s insolvency proceedings.

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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
  • 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
  • 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

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 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 KÀrntner 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), Miloơ Laković (partner, Moravčević, Vojnović & partneri OAD in cooperation with Schoenherr; Belgrade) and Marko Pruơnik (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 KopeckĂœ joins Schoenherr as Counsel

    Leon KopeckĂœ has joined Schoenherr, a leading full-service law firm in Central and Eastern Europe, as Counsel in March 2015. Mr KopeckĂœ 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...