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Taylor Wessing Austria

SCHWARZENBERGPLATZ 7, 1030 VIENNA, AUSTRIA
Tel:
Work +43 1 716 55 0
Fax:
Fax +43 1 716 55 99
Email:
Web:
www.taylorwessing.com

Austria

Banking and finance
Banking and finance - ranked: tier 4

Taylor Wessing Austria

Taylor Wessing Austria has substantial experience in advising borrowers on cross-border syndicated loan and bond financings as well as in providing assistance with financing structures as part of M&A transactions and private equity deals. As another key element, financial services providers routinely seek the group’s advice on regulatory matters. Claudia SteegmĂŒller heads the practice.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 4

Taylor Wessing Austria

Taylor Wessing Austria advises national and international clients on the full corporate life cycle, including joint ventures, restructurings and buy-outs, and often works in conjunction with the firm’s banking and finance team; the group is also particularly adept at cross-border transactions. Philip Hoflehner advised real estate company Warimpex on the partial sale of its hotel portfolio to Thai investor U City Public Company, and assisted Urban Massage with a range of corporate matters pertaining to the client’s Austrian market entry. Raimund Cancola heads the team.

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EU and competition
EU and competition - ranked: tier 3

Taylor Wessing Austria

Particularly active in the construction and food retail sectors, Taylor Wessing Austria’s team assisted Ankerbrot with merger control proceedings before the Austrian competition authorities with regards to its acquisition of a majority share in Linauer & Wagner. Other work includes competition compliance and contentious work. Martin Eckel heads the group.

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Employment
Employment - ranked: tier 4

Taylor Wessing Austria

Having specialist expertise in collective labour law, Taylor Wessing Austria advised Nestlé on the employment law implications of its envisaged closure of the manufacturing site in Linz, which included works council negotiations, employment termination and social plan matters. Wolfgang Kapek heads the team.

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Insolvency and corporate recovery
Insolvency and corporate recovery - ranked: tier 3

Taylor Wessing Austria

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.

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Intellectual property
Intellectual property - ranked: tier 4

Taylor Wessing Austria

Taylor Wessing Austria handles a diverse mix of contentious and non-contentious IP work. Martin Prohaska-Marchried, who co-heads the team with Dieter Natlacen, advised Sky Österreich Fernsehen on copyright levy fees, and assisted Zellstoff Pöls with a worldwide trade mark roll-out. Other work included design infringement matters and copyright issues.

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Austria: Dispute resolution

Commercial litigation
Dispute resolution: commercial litigation - ranked: tier 3

Taylor Wessing Austria

‘Ready to tackle new areas’, Taylor Wessing Austria focuses on cross-border litigation, regularly working in conjunction with the firm’s IP and IT, real estate and corporate departments. IP experts Martin Prohaska-Marchried and Dieter Natlacen represented Sky Österreich Fernsehen in an IP-related dispute against austro mechana. Wolfgang Kapek ‘thinks outside the box’.

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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
  • 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
  • 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.