The Legal 500

STERNGASSE 13, 1010 VIENNA, AUSTRIA
Tel:
Work +43 1 534 80
Fax:
Fax +43 1 534 808
Web:
www.bindergroesswang.at
Email:
Vienna, Innsbruck

What we say about the firm's legal practice in Austria

Banking and finance

Within Banking and finance, Binder Grösswang Rechtsanwälte is a first tier firm,

Binder Grösswang Rechtsanwälte has an excellent record of advising lenders on complex financing matters and experience advising multinational banks. The practice recently advised private equity firm Berkshire Partners on the Austrian acquisition finance aspects of its purchase of Canadian company Husky International. Other clients include Goldman Sachs, ING Bank and Morgan Stanley. Stefan Tiefenthaler and Michael Binder lead the team.

Capital markets

Within Capital markets, Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte is competitively priced and usefully has ‘inroads to the FMA and the Vienna Stock Exchange, smoothing the process and helping to avoid misunderstandings before they arise’. The team advised on Lenzig’s €619m ‘re-IPO’ equity issuance. The team also advised a wide range of Austrian banks on corporate bond issuances. Florian Khol has ‘an incredible ability to keep calm even in tense situations’. Michael Binder is recommended for equity work, and Tibor Fabian is strong on derivatives and debt work.

Central and Eastern Europe

Within Central and Eastern Europe, Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte operates a best-friends alliance across the region. It recently advised Daimler on two joint ventures with Russian truck producer Kamaz, and acted for Smurfit Kappa on the sale of sack converting operations in Poland to Mondi Group. Thomas Schirmer is ‘a big help in transactions; his diligence, negotiation skills and oversight are important factors’.

Corporate and M&A

Within Corporate and M&A, Binder Grösswang Rechtsanwälte is a first tier firm,

Binder Grösswang Rechtsanwälte is ‘proactive, pragmatic, flexible, and at the same time has high attention to detail’. The team recently advised Macquarie Group on its acquisition of Innovest Kapitalanlage from Siemens, and Kommunalkredit on the merger of its banking institutions following its nationalisation and subsequent restructuring. Michael Kutschera is ‘an outstanding lawyer with excellent economic understanding’.

Dispute resolution

Within Dispute resolution, Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte has a good record representing financial institutions in litigation and arbitration. It recently advised Bayerische Landesbank in a post-M&A dispute that resulted in a freezing of assets. The team also represented railway company ÖBB in successfully resolving a dispute regarding Deutsche Bank’s mis-selling of a €600m CDO. Christian Klausegger is ‘very well versed in tactics and has a good feeling for the aspects to be considered’. Michael Kutschera ‘always knows exactly knows which solution will work’.

EU and competition

Within EU and competition , Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte advised City of Vienna and Immofinanz as well as several other bodies in the first major private enforcement proceedings relating to damages from the escalator and elevator cartel case. Other standout matters included advising an Austrian energy company on competition matters relating to long-term hydropower contracts. Raoul Hoffer heads the practice, which has also been busy with leniency cases. Johannes Barbist is ‘incredibly responsive, has deep knowledge of the substantive and procedural law, and gives highly pragmatic advice’.

Employment

Within Employment , Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte advises big-name clients such as CapGemini, Macquarie Funds Group and new client Xerox Austria on labour law. Horst Lukanec leads the team, which also includes Angelika Pallwein-Prettner.

IT and telecommunications

Within IT and telecommunications, Binder Grösswang Rechtsanwälte is a second tier firm,

At Binder Grösswang Rechtsanwälte, Ivo Rungg is recommended for non-contentious work and Christian Klausegger for contentious telecoms work. Tele2 is a longstanding client for IP and regulatory issues, and the team recently advised Schenker on an IT project relating to transport software.

Insolvency and corporate recovery

Within Insolvency and corporate recovery, Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte attracts some major cases via its strong banking and finance practice. It is particularly recommended for pan-CEE matters, and recently advised Kommunalkredit on cross-border mergers relating to the bank’s restructuring. The team also advised European Directories Group on its €1.5bn refinancing and pre-pack administration. Thomas Schirmer, Gottfried Gassner and Emanuel Welten are recommended.

Intellectual property and media

Within Intellectual property and media, Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte recently advised the Academy of Motion Picture Arts and Sciences on infringements relating to its Oscars trade mark. Ivo Rungg heads the team, which also advised Tele2 Austria on requests by the police for the use of customer’s internet protocol addresses.

Public procurement

Within Public procurement, Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte recently advised an international service provider on a tender to provide security services at airports, and is experienced in representing financial services clients. Raoul Hoffer leads the team, which also features Johannes Barbist, who ‘finds solutions to problems that work within tight timeframes’.

Real estate and construction

Within Real estate and construction, Binder Grösswang Rechtsanwälte is a second tier firm,

The ‘very responsiveBinder Grösswang Rechtsanwälteunderstands what clients want and has good knowledge of the market’. The team recently advised Ikea on new developments in Austria and Switzerland, and VB Real Estate Services on the restructuring of a hotel project in central Vienna. Practice head Tibor Fabian is ‘deal driven’ and ‘totally reliable’.

Tax

Within Tax, Binder Grösswang Rechtsanwälte is a second tier firm,

Binder Grösswang Rechtsanwälte’s team is ‘energetic and reliable’, and outstandingly responsive. It recently advised Macquarie on tax structuring of its acquisition of Innovest Kapitalanlage from Siemens Group. Practice co-heads Christian Wimpissinger and Andreas Hable are ‘excellent tax experts and professionals’.


Legal Developments by:
Binder Grösswang Rechtsanwälte

  • Foreign investors face new barrier when acquiring Austrian companies

    On December 8, 2011 an amendment of the Foreign Trade Act 2011 (Außenwirtschaftsgesetz 2011, until then Außenhandelsgesetz 2011, “FTA 2011”) entered into force imposing a substantial new barrier on foreign investors when acquiring shares in Austrian companies that operate in areas of public security and order. This amendment came as a surprise as part of the Budget Consolidation Act 2012 (Budgetbegleitgesetz 2012), governing different topics. The key points of the new barrier for foreign investors are the following:
    - Binder Grösswang Attorneys-at-Law

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to