The Legal 500

BAUERNMARKT 2, 1010 WIEN
Tel:
Work +43 1 532 12 10 0
Fax:
Fax +43 1 532 12 10 20
Web:
www.bkp.at
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What we say about the firm's legal practice in Austria

Banking and finance

Within Banking and finance, tier 5

Brauneis Klauser Prändl Rechtsanwälte GmbH’s Stefan Geppert is recommended for his experience advising international and domestic private client banks.

Central and Eastern Europe

Within Central and Eastern Europe, Brauneis Klauser Prändl Rechtsanwälte GmbH is a third tier firm,

Stefan Geppert, Orlin Radinsky and Felix Prändl are all recommended for CEE expertise at Brauneis Klauser Prändl Rechtsanwälte GmbH. The firm notably advised Austria’s largest trade fair organiser on its expansion into a number of eastern-European jurisdictions.

Corporate and M&A

Within Corporate and M&A, tier 4

Brauneis Klauser Prändl Rechtsanwälte GmbH has a good track record in both transactional and advisory work, and represents a number of international clients. 2008 saw the firm advise a Dutch bank on its acquisition of a number of Austria- based companies.

Dispute Resolution

Within Dispute Resolution, Brauneis Klauser Prändl Rechtsanwälte GmbH is a third tier firm,

Brauneis Klauser Prändl Rechtsanwälte GmbH has a reputation in the market as a very reliable advisor. The team has experience in the courts of the EU at Luxembourg and at the Human Rights Court in Strasbourg, and has a client base that features leading national and international clients. Bernhard Girsch and Orlin Radinsky are recommended.

EU and competition

Within EU and competition , Brauneis Klauser Prändl Rechtsanwälte GmbH is a third tier firm,

Brauneis Klauser Prändl Rechtsanwälte GmbH has a good track record in EU and competition issues, and adeptly advises on distribution agreements, proceedings before both Austrian and EU competition authorities.

Employment

Within Employment, Brauneis Klauser Prändl Rechtsanwälte GmbH is a third tier firm,

Brauneis Klauser Prändl Rechtsanwälte GmbH offers comprehensive advice on the whole range of employment issues. It has experience in contracts, collective bargaining, incentive practices, pension plans and stock option plans. Gregor Maderbacher, Orlin Radinsky, Fleix Prändl and Arno Brauneis are all recommended.

IT and telecommunications

Within IT and telecommunications, Brauneis Klauser Prändl Rechtsanwälte GmbH is a first tier firm,

Brauneis Klauser Prändl Rechtsanwälte GmbH is recognised as a leader in the field of IT law, capable of advising on the full range of issues. The practice has particular expertise in internet and e-commerce, and data protection. Telecoms is also an exceptionally strong area for the firm, which advised the Austrian Telecom regulator on a fourth mobile network license. Felix Prändl is highly rated.

Insolvency and corporate recovery

Within Insolvency and corporate recovery, Brauneis Klauser Prändl Rechtsanwälte GmbH is a first tier firm,

Brauneis Klauser Prändl Rechtsanwälte GmbH is widely admired for its expertise in restructuring and insolvency, with vast experience in debt restructuring, out-of-court workouts, bankruptcy and liquidation. The team, which features the highly respected Alexander Klauser and Barbara Pogacar, advise a solid client base made up of creditors, business partners, contractors and employees.

Intellectual property and media

Within Intellectual property and media, Brauneis Klauser Prändl Rechtsanwälte GmbH is a third tier firm,

As well as advising on software licensing, online contracting, e-commerce platforms, registering, and liability issues for internet service providers, Brauneis Klauser Prändl Rechtsanwälte GmbH has niche expertise in music publishing and recording contracts, copyright law and media disputes.

Private client

Within Private client, Brauneis Klauser Prändl Rechtsanwälte GmbH is a third tier firm,

Brauneis Klauser Prändl Rechtsanwälte GmbH has a wide-ranging practice, and with some leading practitioners such as Felix Prändl, Bernhard Girsch and Orlin Radinsky, the firm is recommended very well placed to advise on estate planning and family issues.

Real estate

Within Real estate, Brauneis Klauser Prändl Rechtsanwälte GmbH is a third tier firm,

With expertise in real estate acquisition, lease of property, and construction issues, Brauneis Klauser Prändl Rechtsanwälte GmbH offers a comprehensive real estate service. Arno Brauneis, Alexander Klauser and Barbara Pogacar are all recommended for their knowledge in this field.

Tax

Within Tax, Brauneis Klauser Prändl Rechtsanwälte GmbH is a third tier firm,

With good links to Deloitte in Austria, Brauneis Klauser Prändl Rechtsanwälte GmbH is experienced in corporate tax issues. It is particularly adept advising on the tax implications of M&A transactions.


Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Austrian Bank Secrecy Reduced in Certain Cross-Border Situations

    Since September 9, 2009 a new law is in force in Austria that allows for a wider exchange of information than before if a double tax treaty, an ECDirective or international agreements provide for it. Since September 18, 2009 Austria is no longer on the OECD's Grey List of countries that are considered to not fully implement OECD tax standards.
    - Binder Grösswang Attorneys-at-Law
  • Restructuring and Insolvency 2009/10

    Country Q&A Austria: What are the most common forms of security taken in relation to immovable and movable property? Are any specific formalities required for the creation of security by companies?
    - Fellner Wratzfeld & Partner Rechtsanwälte Gmb
  • Distressed M&A on the rise

    In line with many other jurisdictions, the Austrian M&A market has suffered from the financial crisis both in terms of volume and number of deals. Most estimates and statistics have shown a drop-off in 2008 of between 20% and 30% as compared to 2007
    - Fellner Wratzfeld & Partner Rechtsanwälte Gmb
  • How the State succeeded

    As in many other jurisdictions, the Austrian government was forced to react quickly to the financial crisis in the autumn of 2008. Providing support to banks was a central component of the legislative measures on financial market stabilisation that were adopted in late October 2008. After the joint declaration on the concerted European action plan on October 12 2008, the Austrian government promptly the next day announced a package of measures intended to be taken. One week later the Austrian parliament adopted the implementing legislation on financial market stabilisation which went into effect in large part on October 27 2008. The European Commission state aid approval of the Austrian financial market stabilisation measures was communicated on December 10 2008 and extended to the end of this year by a decision rendered on June 30 2009.
    - Fellner Wratzfeld & Partner Rechtsanwälte Gmb
  • Environment 2009/10

    Country Q&A Austria
    - Schönherr
  • Austrian and Ukrainian Anti-corruption Legislation

    Companies are often forced to acquire the services of a local partner or intermediary when starting or conducting their business abroad, particularly in CIS countries. If such local partners use corrupt practices, such as bribery, this can cause significant damage to the reputation and finances of the company.
    - Schönherr
  • New rules for work permits in Ukraine

    In view of the increase in unemployment, Ukraine also will amend its rules and regulations regarding the issuance of work permits for foreigners. These new rules will affect those Austrian expats currently working in Ukraine (e.g. managing directors, members of supervisory boards and other skilled labour) who wish to extend their work permits, as well as those who intend to work in Ukraine once the respective law has been enacted.
    - Wolf Theiss
  • Mergers and Acquisitions 2009 - Austria

    A practical insight to cross-border Mergers and Acquisitions.
    - Schönherr
  • MANAGING DIRECTOR LIABILITY AND INSOLVENCY IN CROATIA

    In times of crisis, it is particularly important for the managing director of a limited liability company to meet all legally prescribed obligations regarding auditing and notification in a timely manner in order to avoid any possible (personal) liability. In Croatia, countless companies ("društvo s ograničenom odgovornošću" or abbreviated "d.o.o.") exist in which foreigners act as managing directors. Thus, knowledge of and attention to legal distinctions are of significant importance.
    - Wolf Theiss
  • Life Sciences 2008/09

    Medicinal products are heavily regulated in Austria. In particular, the Medicines Act (Bundesgesetz über die Herstellung und das Inverkehrbringen von Arzneimitteln, BGBl No 185/1983, as amended) contains rules regarding:
    - Fiebinger, Polak, Leon & Partner Rechtsanwält