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Wolf Theiss

SCHUBERTRING 6, 1010 VIENNA, AUSTRIA
Tel:
Work +43 1 515 10
Email:
Web:
www.wolftheiss.com

Austria

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

Wolf Theiss

Wolf Theiss advises on a range of regulatory matters, including licensing, permitting and environmental law. Kurt Retter heads the team, which acts for clients such as GlaxoSmithKline and bookmaker William Hill.

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Banking and finance
Banking and finance - ranked: tier 1

Wolf Theiss

Wolf Theiss’ ‘knowledgeable, solution-oriented and pragmatic’ team is credited as having wide-ranging experience. The practice advised Erste Group Bank on the financing of the development and construction of the Austria Campus business centre project. Sberbank Europe is another client. Markus Heidinger heads the team, which also includes the ‘very calm, hardworking and analytical’ Andrea Gritsch and the ‘very experiencedAndreas Schmid.

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Capital markets
Capital markets - ranked: tier 1

Wolf Theiss

Markus Heidinger heads the ‘excellent and highly motivated’ team at Wolf Theiss, which excels at advising on debt funding and regulatory matters. Alexander Haas and Claus Schneider advised BNP Paribas as arranger and dealer of a €750m conditional pass-through covered bonds programme.

Leading individuals

Richard Wolf - Wolf Theiss

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

Wolf Theiss

With ‘in-depth knowledge of the Austrian, Central and Eastern Europe markets’, Wolf Theiss focuses on cross-border transactions but also handles other contentious and non-contentious corporate work. Michael Lind advised Morgan Stanley on a joint venture with Falkensteiner Michaeler Tourism Group, while ‘client-focused’ practice head Horst Ebhardt assisted OBI as seller in a distressed asset transaction.

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Construction
Construction - ranked: tier 1

Wolf Theiss

Wolf Theiss’ ‘efficient and strategic’ department has a specialism for property, infrastructure and energy project work, frequently in a contentious setting. The ‘very good’ team represented ARGE Sanierung Arlberg Bau against Asfinag and its subcontractors in a dispute pertaining to the renovation of Arlberg Straßentunnel (a 14km road tunnel). Practice head Wolfgang Müller is ‘always one step ahead’ and the ‘knowledgeable’ Thomas Anderl is ‘a strong communicator’.

Leading individuals

Wolfgang Müller - Wolf Theiss

Next generation lawyers

Thomas Anderl - Wolf Theiss

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EU and competition
EU and competition - ranked: tier 1

Wolf Theiss

A ‘one-stop shop for all Eastern European jurisdictions’, Wolf Theiss has impressive strength in competition law advisory work in Austria and CEE, while also representing its clients in cartel investigations and abuse of dominance cases. ‘Reliable, knowledgeable and friendly’ practice head Günter Bauer has advised OBI, Deere & Company and Sportradar, among others.

Leading individuals

Günter Bauer - Wolf Theiss

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Employment
Employment - ranked: tier 2

Wolf Theiss

Wolf Theiss’ ‘very good’ team has a strong profile for Central and Eastern European cross-border projects in the banking sector. Practice head Ralf Peschek successfully defended an Austrian bank against discrimination claims brought by three former employees. Other clients are Infineon Technologies Austria and ÖBB Postbus.

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

Wolf Theiss

Wolf Theiss’ ‘reliable and responsive’ team has a focus on restructurings in the financial services sector. The team assisted a large number of HETA Asset Resolution’s creditors with pursuing their claims against the wind-down company and the Austrian state of Carinthia. Andrea Gritsch and Andreas Schmid are recommended.

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Intellectual property
Intellectual property - ranked: tier 2

Wolf Theiss

Georg Kresbach heads the ‘professional and commercially minded’ team at Wolf Theiss, which frequently acts in copyright infringement cases, notably including for YouTube and Google Austria. The practice also handles trade mark, know-how and patent infringement matters. Clients include B. Braun Melsungen, OBI and The Financial Times Group.

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Private client
Private client - ranked: tier 2

Wolf Theiss

Wolf Theiss’ ‘knowledgeable and reliable’ team is well versed in cross-border work, advising high-net-worth individuals and private foundations primarily on real estate planning and tax-related issues, including self-disclosures and litigation. Niklas Schmidt is co-head of the practice alongside the ‘fast and solution-orientedKarl Binder.

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Projects and energy
Projects and energy - ranked: tier 2

Wolf Theiss

Wolf Theiss excels at finance and corporate work in cross-border infrastructure and energy matters, including PPP projects. Andreas Schmid’s ‘high-quality and very responsive’ team represented Hannover Leasing in a tender process by the City of Vienna for the construction of a large school project, and advised ERG Renew and Lukoil on the dissolution of their Austria-based joint venture, Lukerg Renew.

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Public procurement
Public procurement - ranked: tier 1

Wolf Theiss

Wolf Theiss’ ‘professional’ team predominantly advises contracting authorities and ‘deals with complex matters quickly’. Recent highlights include advising the regional government of Lower Austria on several tender procedures pertaining to a large infrastructure project in Wiener Neustadt. The ‘impressive, business-minded’ Manfred Essletzbichler heads the practice, which includes the ‘outstanding’ Sebastian Oberzaucher and the recommended Silvia Feßl.

Leading individuals

Manfred Essletzbichler - Wolf Theiss

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Real estate
Real estate - ranked: tier 1

Wolf Theiss

Wolf Theiss’ ‘strong and efficient’ team specialises in real estate transactions. In 2016, ‘pragmatic and highly experienced’ practice head Peter Oberlechner assisted the Vienna Business Agency and Swiss Town Consult with the sale of the Forum Donaustadt urban development project to Signa and ARE Development. Karl Koller and counsel Birgit Kraml are also recommended.

Leading individuals

Peter Oberlechner - Wolf Theiss

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TMT
TMT - ranked: tier 3

Wolf Theiss

In close cooperation with the firm’s IP team, Wolf Theiss’ ‘strong and committed’ TMT practice handles cross-border data protection and IT outsourcing matters, as well as contentious work. ‘Strategic’ practice head Georg Kresbach, who ‘always finds the right tone’, recently advised Kelag on software licensing agreements. Other work included assisting Hugo Boss with distance selling and e-commerce matters.

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Tax
Tax - ranked: tier 1

Wolf Theiss

Corporate tax work is a key element of Wolf Theiss’ practice, along with tax planning, fiscal criminal law and litigation. Benjamin Twardosz is co-head of the practice along with Niklas Schmidt, who provides ‘practical, hands-on’ support to clients. The latter assisted Eurazeo with the tax structuring of an acquisition and helped a number of private clients with foundation matters.

Leading individuals

Niklas Schmidt - Wolf Theiss

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Austria: Dispute resolution

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

Wolf Theiss

Wolf Theiss increased its bench strength by adding ‘very smart and diligent’ counsel Venus Valentina Wong from Torggler Rechtsanwälte GmbH and ‘very focused’ consultant Ceyda Akbal Schwimann, who joined from Specht & Partner. Clemens Trauttenberg heads the ‘very good’ team, which acted for Raiffeisen Bank International and TEERAG-ASDAG (which is now part of PORR).

Next generation lawyers

Venus Valentina Wong - Wolf Theiss

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Commercial litigation
Dispute resolution: commercial litigation - ranked: tier 2

Wolf Theiss

Wolf Theiss’ ‘very good and highly professional’ team has carved out a strong practice acting for clients in the financial services, pharmaceuticals, IT and telecoms industries. Holger Bielesz represented 20 HETA Asset Resolution creditors before the Austrian Financial Market Authority (FMA). Practice head Clemens Trauttenberg is ‘very skilled and experienced’.

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White-collar crime (including fraud)
Dispute resolution: white-collar crime (including fraud) - ranked: tier 1

Wolf Theiss

Much of Wolf Theiss’ work pertains to internal investigations, compliance work and asset tracing. The team headed by Clemens Trauttenberg, who has an ‘astute way of dissecting complex issues’, often acts for financial institutions, insurance companies and large companies, including Austrian Nationalbank, Wiener Städtische Versicherung and C.A.T. Oil.

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Further information on Wolf Theiss

Please choose from this list to view details of what we say about Wolf Theiss in other jurisdictions.

Albania

Offices in Tirana

Austria

Offices in Vienna

Bosnia and Herzegovina

Offices in Sarajevo and Banja Luka

Bulgaria

Offices in Sofia

Croatia

Offices in Zagreb, Rijeka, and Split

Czech Republic

Offices in Prague

Hungary

Offices in Budapest

Montenegro

Poland

Offices in Warsaw

Romania

Offices in Bucharest

Slovakia

Offices in Bratislava

Slovenia

Offices in Ljubljana

Ukraine

Offices in Kiev

Kosovo

Serbia

Offices in Belgrade

Legal Developments by:
Wolf Theiss

  • EU TRANSACTION TAX: ADDITIONAL BURDENS ON BANKS?

    The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
    - Wolf Theiss

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...