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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

  1. 1
    • Norbert Abel - Abel RechtsanwĂ€lte GmbH & Co KG
    • Ulla Reisch - urbanek lind schmied reisch RechtsanwĂ€lte OG
    • Matthias Schmidt - Preslmayr Attorneys at Law

Next generation lawyers

  1. 1

Who Represents Who

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Abel RechtsanwÀlte GmbH & Co KG has broad expertise and is recognised for its excellence in corporate restructurings; its lawyers also act as insolvency administrators and on behalf of debtors. Norbert Abel represented the Austrian state of Carinthia and KÀrntner Landesholding in proceedings pertaining to reorganisation of the latter.

Fellner Wratzfeld & Partners has ‘a strong restructuring practice’, which often acts for banks. ‘Tough negotiator’ and practice head Markus Fellner advised a number of Austrian and international banks and insurers on their claims made in Alpine Bau’s insolvency proceedings. Other clients include SPAR.

Freshfields Bruckhaus Deringer utilises its strong banking and finance law experience to specialise in restructuring and refinancing cases. The client roster includes banks, bondholders, family-owned companies and investment firms. Friedrich Jergitsch is the key contact.

Graf & Pitkowitz acts for debtors and creditors and recently has been instructed by Borckenstein, among others, to act as trustee in several insolvency proceedings. The team also has experience as insolvency administrator. Stefan Weileder assisted Schirnhofer with its restructuring after declaring bankruptcy as a consequence of the insolvency of Austrian retail chain Zielpunkt. Alexander Isola heads the practice.

Schoenherr’s ‘outstanding’ team focuses on advising lenders and distressed borrowers on restructurings, pre-insolvency reorganisations and refinancing. ‘Stress-resistant and analytical’ practice head Wolfgang Höller advised ABBAG on the structuring and financing of an offer to buy back HETA Asset Resolution bonds guaranteed by the Austrian state of Carinthia. Martin Ebner is recommended.

Binder Grösswang advises creditors and debtors alike on international restructuring cases. Emanuel Welten co-heads the team alongside the ‘very knowledgeable’ Gottfried Gassner, who assisted Wietersdorfer with its restructuring process, which included the renegotiation of the restructuring agreement with its creditors.

CHSH Cerha Hempel Spiegelfeld Hlawati’s creditor-oriented practice often acts in insolvency proceedings and pre-insolvency debt collection matters. Other areas of particular strength include financial restructuring and distressed M&A. Thomas Trettnak’s team advised Alpiq InTec as a major creditor in Alpine Bau’s insolvency.

Dorda advises lenders and distressed borrowers on pre-insolvency matters such as reorganisation and refinancing, and represents creditors in litigation. Felix Hörlsberger assisted CNBM International with its outstanding claims as a consequence of SLAV Handel’s bankruptcy, wherein the client was the largest creditor. Andreas Zahradnik and Tibor Varga are recommended.

Eisenberger & Herzog’s ‘strong restructuring’ practice assisted Asamer Baustoffe with the restructuring of its debt, the sale of all assets and its subsequent liquidation. ‘Strategic thinker’ Marcus Benes is practice co-head along with the ‘very experienced’ Peter Winkler, who ‘knows the Austrian market inside-out’.

Boutique Engelhart & Partner RechtsanwÀlte OEG is particularly well known for its strong insolvency administration practice, while its team also advises distressed companies and creditors on reorganisations and restructuring. Karl Engelhart is the key contact.

Georg FreimĂŒller at FreimĂŒller/Obereder/Pilz RechtsanwĂ€lt_innen GmbH was appointed liquidator of the insolvent retail chain Zielpunkt. With a strong employment practice, the firm often acts at the intersection of insolvency and employment law.

Boutique Jaksch, Schoeller & Riel, Rechtsanwaltskanzlei stands out for its insolvency practice, acting as liquidator and on behalf of creditors and debtors. Stephan Riel served as liquidator of SLAV Handel.

Preslmayr Attorneys at Law’s ‘good’ team members are regularly appointed as administrators in insolvency and restructuring proceedings and also act as trustees and on behalf of debtors and creditors. Christian Podoschek represented H. Junger Baugesellschaft in a construction dispute with Alpine Bau’s liquidator. Practice head Matthias Schmidt is recommended.

urbanek lind schmied reisch RechtsanwĂ€lte OG is ‘very good’ at representing debtors but also acts as administrator and on behalf of creditors. Ulla Reisch represented pre-built home producer HANLO in insolvency proceedings.

Wolf Theiss’ ‘reliable and responsive’ team has a focus on restructurings in the financial services sector. The team assisted a large number of HETA Asset Resolution’s creditors with pursuing their claims against the wind-down company and the Austrian state of Carinthia. Andrea Gritsch and Andreas Schmid are recommended.

CMS provides restructuring advice and assists its clients with insolvency-based public sale processes. ‘Excellent negotiator’ and practice head GĂŒnther Hanslik advised UniCredit Bank Austria on the restructuring of a shopping centre in Bucharest. Other clients are HETA Asset Resolution and FIMBAG.

The ‘business-minded’ team at Saxinger, Chalupsky & Partners is particularly visible in restructuring and financial reorganisation proceedings. Ernst Chalupsky is the main contact.

Practice head Susanne Fruhstorfer at Taylor Wessing Austria regularly serves as administrator in insolvency proceedings, including those of Power4All, Zuunda Development and Warendorf – Die KĂŒche. The team also acts in litigation and provides restructuring advice.

Vavrovsky Heine Marth RechtsanwĂ€lte’s ‘competent and flexible’ team chiefly handles restructuring advisory work but also acts as administrator. In 2015, Salzburg-based practice head Karl Ludwig Vavrovsky was appointed administrator in the Hotel GrĂŒner Baum restructuring process.

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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
  • 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.
  • EU: Council Introduces Action Plan for NPLs

    On 10 July 2017, the Commission announced the public consultation on the development of secondary markets for non-performing loans (NPLs) and distressed assets. Following the commencement of this public consultation, the Council introduced its Action Plan for NPLs.
  • Bulgaria: Remedies imposed on fuel companies following cartel investigations

    For the second time in less than five years, the Bulgarian Commission for the Protection of Competition ("Commission") has opened investigation proceedings regarding prohibited agreements and concerted practices against the major fuel companies in Bulgaria and closed them without issuing penalties.
  • Recast of the EU Regulation on Insolvency Law Applicable as of Today

    The EU Regulation on Insolvency Law 1346/2000 (EIR) was considered a milestone in the cross-border coordination of national insolvency proceedings. The recast of the EU Regulation on Insolvency Law 2015/848, applicable to insolvency proceedings opened after 26 June 2017, considers substantial developments in national insolvency laws. read more...

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...