The Legal 500

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UNIVERSITÄTSRING 10, 1010 VIENNA, AUSTRIA
Tel:
Work +43 1 533 47 95
Email:
Web:
www.dorda.at

Austria

Administrative law and public sector
Administrative law and public sector - ranked: tier 3

Dorda

Bernhard Müller heads the team at Dorda, which advised Kwizda Agro on water contamination and permitting issues. Other areas of expertise include trade licensing, residency and employment permit matters. Clients include Brauküche 35 and bioMérieux Austria.

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Banking and finance
Banking and finance - ranked: tier 2

Dorda

Dorda frequently advises banks, funds, corporates and public entities on acquisition, project and asset finance alongside regulatory and bank contract law matters. Andreas Zahradnik, who co-heads the team with Tibor Varga, advised BNP Paribas on the acquisition of DAB Bank and its subsidiary, direktanlage.at, from UniCredit Bank Austria.

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Capital markets
Capital markets - ranked: tier 1

Dorda

Dorda’s ‘efficient and pragmatic’ team is headed by Andreas Mayr, who is ‘one of the Austrian capital markets’ heavyweights’. Areas of expertise include stock exchange listings and delistings, conventional and high-yield bonds and other capital increases via public offering and private placements. Clients include Immofinanz. Tibor Varga brings ‘a broad skillset to the table’.

Leading individuals

Andreas Mayr - Dorda

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Dorda

As one of the best firms in the market’, Dorda advises international corporates, investment banks and private equity houses on cross-border transactions and restructurings. Andreas Mayr and the ‘commercially mindedMartin Brodey are co-heads of the ‘responsive and pragmatic’ practice, which acted as lead counsel for the DIY chain bauMax on its restructuring measures, which included several transactions.

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Construction
Construction - ranked: tier 3

Dorda

Dorda frequently handles project development issues, where clients include Real IS and Swietelsky Baugesellschaft, and the ‘excellentChristoph Stippl is regularly involved in construction arbitrations. ‘Solution-oriented’ practice head Stefan Artner ‘always acts in the clients best interest’.

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EU and competition
EU and competition - ranked: tier 3

Dorda

Dorda has a strong focus on merger control matters, where recent work includes assisting Kapsch TrafficCom and the Austrian Red Cross. The ‘very good’ Heinrich Kühnert heads the practice, in which Axel Anderl is the key contact for unfair competition issues.

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Employment
Employment - ranked: tier 3

Dorda

Dorda covers a wide spectrum of employment law, including terminations and mass lay-offs. Thomas Angermair heads the practice, which often acts for cultural institutions.

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Insolvency and corporate recovery
Insolvency and corporate recovery - ranked: tier 2

Dorda

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.

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Intellectual property
Intellectual property - ranked: tier 2

Dorda

Dorda’s ‘very good’ practice is particularly experienced in IT-related IP work. Practice head and ‘go-to lawyer’ Axel Anderl recently advised Styria Media on unfair competition, data protection and media law issues. Martina Grama joined Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG.

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Private client
Private client - ranked: tier 3

Dorda

Dorda has a strong practice assisting high-net-worth individuals and private investors with the acquisition of investment properties. The team also covers succession, asset structuring and trust advisory work. Paul Doralt and Elmar Drabek are the practice co-heads.

Next generation lawyers

Elmar Drabek - Dorda

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Projects and energy
Projects and energy - ranked: tier 3

Dorda

Dorda’s team has notable experience in the electricity and gas sectors, particularly in terms of transactions and regulatory work. Gas Natural and AES Corporation are clients. The practice co-heads are Bernhard Müller and recent arrival Heinrich Kühnert, who joined from bpv Hügel Rechtsanwälte GmbH, after Stephan Polster moved to Becker Günther Polster Regner Rechtsanwälte GmbH.

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Public procurement
Public procurement - ranked: tier 3

Dorda

Dorda, which acts for bidders and public authorities, recently assisted the Climate and Energy Fund with the structuring of a PPP with various Austrian communities to implement state aid schemes to support development of smart cities. Bernhard Müller heads the team.

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Real estate
Real estate - ranked: tier 2

Dorda

Dorda is ‘very good’ at advising on property transactions and leasing matters. The ‘very well connected’ Stefan Artner heads the team, which advises key names such as BIG, ARE Austrian Real Estate and Obenauf.

Leading individuals

Stefan Artner - Dorda

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TMT
TMT - ranked: tier 1

Dorda

Dorda has ‘good industry knowledge’ and covers the full spectrum of technology, media and telecoms, with a focus on IT and data protection. Felix Hörlsberger and ‘strong negotiator and strategic thinker’ Axel Anderl advised Styria Media on digital media and data protection issues, while Heinrich Kühnert represented Kapsch CarrierCom in licensing proceedings before the Austrian Regulatory Authority for Broadcasting and Telecommunications (RTR). Telecoms partner Stephan Polster joined Becker Günther Polster Regner Rechtsanwälte GmbH.

Leading individuals

Axel Anderl - Dorda

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Tax
Tax - ranked: tier 3

Dorda

With a focus on cross-border tax work, Dorda frequently advises multinational energy sector players and private clients with tax-optimised business or holding structures. Paul Doralt heads the team, whose clients include Seadrill and SapuraKencana Petroleum.

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Austria: Dispute resolution

Arbitration and mediation
Dispute resolution: arbitration and mediation - ranked: tier 1

Dorda

Florian Kremslehner’s ‘top-notch’ team at Dorda has ‘robust international arbitration experience’ and is well known for handling corporate and transactional disputes. The ‘excellentChristoph Stippl is regularly involved in construction arbitrations.

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Commercial litigation
Dispute resolution: commercial litigation - ranked: tier 1

Dorda

Dorda has substantial expertise in defending investors and insurance companies. Recently, Felix Hörlsberger defended AIG American International in a coverage dispute under a D&O policy. Florian Kremslehner heads the team, which also acts for clients such as BAWAG and Immofinanz.

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White-collar crime (including fraud)
Dispute resolution: white-collar crime (including fraud) - ranked: tier 2

Dorda

Dorda’s ‘very good’ team provides ‘clear and quick advice’ on cases including international asset forfeiture, tax evasion, bribery, fraud, embezzlement and money laundering. ‘Reliable and fast’ practice head Florian Kremslehner represented Immofinanz in a criminal investigation. Felix Hörlsberger is ‘outstanding’. Former practice co-head Julia Mair left the firm.

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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...