The Legal 500

AM GETREIDEMARKT 1, 1060 WIEN, AUSTRIA
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Work +43 1 58 25 80
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Fax +43 1 58 25 82
Web:
www.fplp.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

Peter Polak leads the team at Fiebinger Polak Leon Rechtsanwälte, which picked up a number of mandates involving distressed assets and also acted on several banking disputes. The practice continued to advise longstanding client Valartis private bank, as well as acting for a high-net-worth individual in a €100m shareholder dispute with an Austrian banking group in Russia.

Central and Eastern Europe

Within Central and Eastern Europe, tier 4

Fiebinger Polak Leon Rechtsanwälte’s CEE practice had a stable 2010, and represented the state-owned Slovenian energy company in an arbitration against an Italian energy company. Stefan Korab, Constantin Kletzer and Peter Polak are recommended.

Corporate and M&A

Within Corporate and M&A, Fiebinger Polak Leon Rechtsanwälte is a third tier firm,

Standout transactions for Fiebinger Polak Leon Rechtsanwälte included advising Constantia Packaging on the sale of a stake in the company to a private equity investor. Peter Polak heads the team, which in 2010 saw the arrival of Robin Lumsden from Schoenherr. Stefan Korab and Bert Ortner are recommended.

Dispute resolution

Within Dispute resolution, Fiebinger Polak Leon Rechtsanwälte is a third tier firm,

Fiebinger Polak Leon Rechtsanwälte had an active 2010 advising Constantia Packaging in various disputes relating to the Immofinanz scandal. Rudolf Fiebinger has first-rate arbitration experience, and ‘is smart, efficient and effective’.

EU and competition

Within EU and competition , Fiebinger Polak Leon Rechtsanwälte is a third tier firm,

At Fiebinger Polak Leon Rechtsanwälte, Peter Polak, Gerhard Kienast and Christian Mayer are ‘first-rate advocates and advisers: well grounded in Austrian law and savvy to its interplay with US law’. 2010 saw the firm advise a natural gas consortium on gaining an exemption to EU law during the building of a new pipeline through Austria.

Employment

Within Employment , Fiebinger Polak Leon Rechtsanwälte is a third tier firm,

At Fiebinger Polak Leon Rechtsanwälte, Bert Ortner is recommended for his advice on large-scale employment matters, and Karina Hellbert is noted for her solid knowledge of data protection issues. In 2010 the practice advised an Austrian audio manufacturer on establishing an internal HR database, payroll system and expenses scheme.

IT and telecommunications

Within IT and telecommunications, Fiebinger Polak Leon Rechtsanwälte is a second tier firm,

Notable transactions for Fiebinger Polak Leon Rechtsanwälte in 2010 included advising Docfinder in setting up an internet start-up and representing wireless technology company Qualcomm on establishing its first research centre in Europe. Constantin Kletzer heads the team, which also features Karina Hellbert, Bert Ortner and Peter Polak.

Insolvency and corporate recovery

Within Insolvency and corporate recovery Other recommended firms

Intellectual property and media

Within Intellectual property and media, Fiebinger Polak Leon Rechtsanwälte is a second tier firm,

Fiebinger Polak Leon Rechtsanwälte has a great track record in the life sciences and tech sectors, and in 2010 saw an up-tick in non-contentious work in this field. Clients praise the team’s ‘in-depth analysis of the legal issues and clear recommendations’. Standout work for 2010 included advising the designer shoe manufacturer Christian Louboutain in all its trade mark and product piracy cases in Austria. Constantin Kletzer heads the team, and is ‘not only knowledgeable in all fields of IP law but also for his very good understanding of the economic needs of his clients’.

Private client

Within Private client, Fiebinger Polak Leon Rechtsanwälte is a third tier firm,

Fiebinger Polak Leon Rechtsanwälte advises a number of high-net-worth individuals on private wealth and international tax planning issues. Christoph Leon and Peter Polak lead the team, which in 2010 advised a US citizen in multimillion-dollar dispute concerning an investment through an Austrian banking group.

Real estate

Within Real estate, tier 4

Fiebinger Polak Leon Rechtsanwältehas a proactive attitude to solving problems’. Manuela Maurer-Kollenz heads the department, which also features Johannes Lindner, who is ‘really reliable and always reachable.’ Notable clients include Hild Home Desing and Desigual.


Legal Developments by:
Fiebinger Polak Leon Rechtsanwälte

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Austria: Advantages of Establishing a Company's Headquarters in Austria: Part 1

    Choosing or changing a multinational company's headquarters involves considerations of quality of living and political stability in addition to economic and legal issues. This arti-cle, in two parts, outlines some of the advantages of and basic information about choos-ing Austria for a company’s headquarters. Part 1 is an overview of Austria's social and political background and of some legal forms to consider for a holding company. Part 2 will introduce Austrian tax law and provide additional legal information.
  • Hungary: Why is equity protection ineffective in Hungary?

    The Hungarian Companies Act ("CA") and others have long contained provisions to protect creditors. One provision prohibits a limited liability company from paying dividends to its shareholders if it does not have sufficient funds.
  • Austria: Termination of contracts after initiation of insolvency proceedings

    One of the primary objectives of the reformed Austrian Insolvency Act ("IO"), which entered into force on 1 July 2010, has been to increase the number of successful corporate reorganisations and to facilitate the continuation of business operations during financial crises. After the initiation of insolvency proceedings, the creditors of an insolvent debtor shall not be entitled to revoke or terminate contracts that are essential for continuing the debtor’s business operations.
  • Environment Romania

    Romania
  • Environment Bulgaria

    Bulgaria
  • Environment Austria

    Austria Christian Schmelz and Bernd Rajal - Schönherr Rechtsanwälte GmbH
  • Austria: Mandatory declaration of minimum remuneration in job postings

    The latest amendment of the Austrian Act on Equal Treatment (Gleichbehandlungsgesetz – GlBG; in force since 1 March 2011) sets into force a provision requiring the declaration of minimum remuneration in job postings. As of 1 January 2012, any infringement of this provision may lead to sanctions.
  • The Handbook of Competition Enforcement Agencies 2011

    Neli Nedkova and Dessislava Iordanova - Wolf Theiss In 2010 the activity of the Bulgarian Commission for Protection of Competition (the Commission) showed a trend of increasing focus on compliance shifting slightly from the antitrust area. Proceedings that have started and the most recent decisions show that this trend is likely to continue in 2011.
  • Bulgaria: VAT re gulations on construction right transfers amended

    From 1 January 2012, the transfer of a construction right will be VAT exempt only until the construction permit is issued. The previous regime had allowed the exemption until the completion of the rough construction.
  • 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: