Austria > Legal market overview
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The Austrian legal market is small and there are few major global players operating out of Vienna, with the exception of Freshfields Bruckhaus Deringer, DLA Piper Weiss-Tessbach, CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH and Baker & McKenzie Diwok Hermann Petsche Rechtsanwälte GmbH.
The country has good trade relationships and is often used as a gateway to Eastern European jurisdictions. As such, CEE transactions continue to be a lucrative source of business for many Austrian law firms.
The redundancies that have hit Western European firms hard are much less evident in Austria, and many of the larger players are as ambitious as ever. CHSH Cerha Hempel Spiegelfeld Hlawati, Wolf Theiss and Schoenherr still dominate across the CEE, although the mid-tier Vienna firms also attract a share of these mandates.
In January 2012, Lambert Eversheds became Stolitzka & Partner Rechtsanwälte OG after name partner Dr Lambert left the firm. The firm is still a part of the Eversheds network.
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Press releases
Legal Developments in Austria
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Mergers & Acquisitions 2012 - Serbia
M&A transactions and all forms of corporate reorganisations (e.g. mergers, de-mergers, transformations, contributions in-kind) are governed by the Companies Act (CA). -
fwp’s expertise in banking & finance and restructuring & insolvency confirmed by top ranking
Once again, business law firm Fellner Wratzfeld & Partners (fwp) is among the front-runners in Austria where international rankings are concerned, a fact confirmed by the Chambers Global Guide 2012, which was published in March 2012. -
Mergers & Acquisitions 2012 Austria
Public bids are regulated under the 1999 Takeover Act (TA), as thoroughly amended by the 2006 TA Amendment Act. The TA applies provided the target is a joint stock corporation (AG) based in Austria and its shares are admitted to trading on the Vienna Stock Exchange (Wiener Boerse; VSE) at a regulated market. -
Austria: Employers have to pay EUR 110 for each termination
In the course of the second stabilisation package 2012*, the new § 2 b Labour Market Policy Financing Act (Arbeitsmarktpolitik-Finanzierungsgesetz – AMPFG) was agreed upon. -
Czech Republic: Major amendment to the Public Procurement Act
As of 1 April 2012, the Czech Public Procurement Act (Act No. 137/2006 Coll.) has been significantly amended. -
The Bulgarian Parliament marks the first anniversary of the Renewable Energy Law of 2011
Bulgaria: The Bulgarian Parliament marks the first anniversary of the Renewable Energy Law of 2011 with its first amendment -
Slovakia: A new subordination rule entered into force: the role of related party creditors in...
bankruptcy post Amendment to the Slovak Bankruptcy Act -
Austria: Claim Management
Construction projects are expensive, and they usually end up being more expensive than agreed. The principal often tries to mitigate this risk by concluding a lump-sum contract. -
EU TRANSACTION TAX: ADDITIONAL BURDENS ON BANKS?
The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions. -
Schoenherr's Italian Desk: La vita e' bella nel centro-est Europa
Schoenherr's Italian Desk was established in April 2008. It is headed by Daniele Iacona, based in the Bucharest office. Legal Insights spoke with Daniele about the Italian Desk in 2009 (see www.schoenherr.eu/news-publications/legal-insights/qua-head-of-schoenherrs-italian-desk). Here is an update.
Press Releases in Austria
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WOLF THEISS WINS ‘AUSTRIAN LAW FIRM OF THE YEAR’ AT 2012 CHAMBERS EUROPE AWARDS FOR EXCELLENCE
Vienna, 14 May 2012 – WOLF THEISS has been awarded ‘Austrian Law Firm of the Year’ for the third time at the 2012 Chambers Europe Awards for Excellence, held on 10 May 2012 in Amsterdam. -
Schoenherr’s leading position in Austria and CEE once again confirmed by superb Chambers rankings
Schoenherr’s standing as a leading corporate law firm in Central Europe has been confirmed by rankings recently issued by Chambers & Partners, the distinguished British legal publisher. In its annual "Chambers Europe" legal directory, Chambers recognized 13 Schoenherr practice areas in Austria and CEE jurisdictions as belonging to the top tier ("Band 1") in their national markets. -
Wolf Theiss advises Anzag/Alliance Boots on the acquisition of additional shares in farmexpert
WOLF THEISS has advised the German pharma wholesaler Andreae-Noris Zahn AG (ANZAG), a member of the Alliance Boots group, on the acquisition of additional shares in the Romanian Farmexpert DCI S.A. Previously, in 2006, the group had already acquired a 60% share. -
Austria: New Fees Regime for Public Procurement Review Proceedings
The Fees Regulation for proceedings before the Federal Public Procurement Office (Bundesvergabeamt ‒ BVA), in force since 13 April 2012, entailed a simplification of the fees regime. -
WOLF THEISS OBTAINS THE HIGHEST FINE EVER IMPOSED FOR A NON-COMPLIANT...
PUBLIC PROCUREMENT PROCEDURE IN AUSTRIA -
WOLF THEISS ADVISES STEINKLAUBER GROUP AND CPA ON A JOINT VENTURE WITH VOESTALPINE AUSTRIA DRAHT
Vienna, 10 May 2012 – WOLF THEISS advised the Steinklauber Group and CPA on voestalpine Austria Draht GmbH's acquisition of a majority of the shares in CPA Filament GmbH to expand their activities in the field of wire processing. -
Schoenherr advises WAZ Media Group in the sale of its subsidiary Media Print Macedonia
The Central European law firm Schoenherr advised Germany’s WAZ Media Group in the sale of its subsidiary Media Print Macedonia to Orka Holding, a familyowned business conglomerate based in Macedonia. -
Denise Hamer joins the Schoenherr Banking & Finance Team as a Partner
Denise R. Hamer has joined the Central European law firm Schoenherr as a partner in its Banking, Finance and Capital Markets practice group. -
fwp lawyers included in the Banking & Finance section of the international “Leading Lawyers” lis
Fellner Wratzfeld & Partners (fwp) once again proves its expertise in banking and finance by its inclusion in the international Legal 500 series of guides which has been recommending law firms and law experts in over 100 countries for around 20 years. -
WOLF THEISS OBTAINS THE HIGHEST FINE EVER IMPOSED FOR A NON-COMPLIANT PUBLIC PROCUREMENT PROCEDURE I
Vienna, 3 May 2012 – WOLF THEISS, one of the leading law firms in Central and Southeastern Europe, has obtained a record fine on behalf of a major pharmaceutical corporation in connection with the procurement of TBE vaccines by the Austrian Sozial-versicherungsanstalt der Bauern (Farmers' Social Security Authority).