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DLA Piper Weiss-Tessbach

SCHOTTENRING 14, 1010 WIEN, AUSTRIA
Tel:
Work +43 1 53 17 80
Fax:
Fax +43 1 533 52 52
Email:
Web:
www.dlapiper.com

Austria

Banking and finance
Banking and finance - ranked: tier 3

DLA Piper Weiss-Tessbach

Co-led by Oskar Winkler and ‘fierce litigator’ Claudine Vartian, DLA Piper Weiss-Tessbach’s ‘experienced and professional’ team also includes Armin Hendrich, who was elevated to the partnership in May 2017. Key elements of the practice include project finance, banking regulatory and banking litigation work. Christoph Urbanek advised Heta Asset Resolution Germany on the refinancing of a renewable energy photovoltaic park. Country managing partner David Christian Bauer is ‘flexible, responsive and solution-oriented’.

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Capital markets
Capital markets - ranked: tier 3

DLA Piper Weiss-Tessbach

DLA Piper Weiss-Tessbach has a strong capital markets transactions practice, which is part of the firm’s corporate department and frequently acts on bond-related matters. Main contact Christian Temmel advised the joint lead managers Erste Group Bank, Raiffeisen Bank International and UniCredit Bank Austria on the issuance of a €500m corporate bond by Novomatic as part of the gambling company’s debt issuance programme, and assisted Porr with the placement of a €125m hybrid bond. In a separate matter, the team acted for Nabriva Therapeutics in a share swap programme with a total volume of €285m.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 5

DLA Piper Weiss-Tessbach

DLA Piper Weiss-Tessbach receives a steady flow of M&A and corporate work, thereby regularly utilising its ‘strong cross-border practice’. Team head Christoph Mager assisted Adler Real Estate with the sale of its share in conwert Immobilien Invest to Vonovia, and Maria Doralt acted for information technology company Wipro in the acquisition of IT consulting and software services company cellent, including post-acquisition advice on corporate structuring matters pertaining to its Austrian entities. Elisabeth Stichmann is ‘extremely knowledgeable’.

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EU and competition
EU and competition - ranked: tier 3

DLA Piper Weiss-Tessbach

With a focus on advising regulated industry players, DLA Piper Weiss-Tessbach is well versed in handling abuse of dominant market position instructions, investigations and merger control proceedings. Recommended senior counsel Florian Schuhmacher advised Blue Ocean Entertainment on its merger control filing in Austria following its acquisition of Pabel-Moewig Verlag, and assisted Pfizer with various competition and antitrust matters pertaining to its Austrian operations. Claudine Vartian heads the ‘experienced’ team.

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Employment
Employment - ranked: tier 4

DLA Piper Weiss-Tessbach

DLA Piper Weiss-Tessbach works in conjunction with the firm’s corporate practice and specialises on employment law issues pertaining to restructurings and transactions including transfer of employees matters. In a recent highlight, team head Stephan Nitzl advised gambling software group Playtech on employment law matters arising from its acquisition of a 90% stake in Austria-based gambling company Best Gaming Technology.

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Private client
Private client - ranked: tier 3

DLA Piper Weiss-Tessbach

DLA Piper Weiss-Tessbach has asset structuring and asset protection work at its core and advises domestic and international high-net-worth individuals on private foundations law, succession planning and property purchases, while also handling contentious work. Christoph Mager heads the team.

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Projects and energy
Projects and energy - ranked: tier 2

DLA Piper Weiss-Tessbach

The ‘highly competent and fast’ team at DLA Piper Weiss-Tessbach attracts praise for its ‘pragmatic approach’ and its expertise in handling energy project development and financing work. Jasna Zwitter-Tehovnik advised a client on a concession project pertaining to a school complex, and ‘business-oriented’ team head Andreas Gunst assisted another client with energy project agreements and procurement issues.

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Real estate
Real estate - ranked: tier 4

DLA Piper Weiss-Tessbach

DLA Piper Weiss-Tessbach acts for a broad range of clients including investment firms, developers and property management companies in transactions, lease agreements and litigation. Oskar Winkler heads the team.

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Tax
Tax - ranked: tier 2

DLA Piper Weiss-Tessbach

On the non-contentious side, DLA Piper Weiss-Tessbach focuses on transactional tax work, while, in the contentious space, the team is well versed in dealing with civil and criminal tax disputes. Team head Franz Althuber advised multinational professional services company TMF on a dispute with one of its clients resulting from the previous tax-optimised structuring of the latter’s business in Austria and assisted an international software company with self-disclosure and VAT matters. He also advised a British betting provider on Austrian gambling tax and betting fees and provided Caritas Austria with tax advice on the establishment of a non-profit foundation.

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Austria: Dispute resolution

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

DLA Piper Weiss-Tessbach

With a ‘good reputation in banking litigation’, DLA Piper Weiss-Tessbach’s ‘very engaged, well-connected and responsive’ team frequently represents financial services providers but also acts for corporate clients in commercial and corporate disputes. The ‘excellent’ David Christian Bauer, who is ‘vigorous in defending his clients’ interests’, and ‘reliable and responsive’ team head Claudine Vartian continue to represent UniCredit Bank Austria in litigation pertaining to the Bernard Madoff funds. Armin Hendrich made partner in May 2017.

Next generation lawyers

David Christian Bauer - DLA Piper Weiss-Tessbach

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White-collar crime (including fraud)
Dispute resolution: white-collar crime (including fraud) - ranked: tier 3

DLA Piper Weiss-Tessbach

DLA Piper Weiss-Tessbach has substantial experience in representing management personnel, financial institutions and companies in internal investigations and criminal proceedings and also handles compliance work. Thomas Kralik defended the former Austrian politician Peter Westenthaler against bribery allegations brought by the gambling company Novomatic and, in a separate matter, advised Wiener Wohnen on fraud matters. Claudine Vartian heads the team.

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Further information on DLA Piper LLP (US)

Please choose from this list to view details of what we say about DLA Piper LLP (US) in other jurisdictions.

United Arab Emirates

Offices in Dubai and Abu Dhabi

Angola

Offices in Luanda

Argentina

Offices in Buenos Aires

Australia

Offices in Melbourne, Sydney, Perth, and Brisbane

Austria

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Belgium

Offices in Antwerp and Brussels

Burundi

Offices in Bujumbura

Botswana

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China

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Chile

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Canada

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Colombia

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Czech Republic

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Germany

Offices in Cologne, Hamburg, Frankfurt, and Munich

Denmark

Offices in Copenhagen and Aarhus

Algeria

Offices in Algiers

Ethiopia

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Spain

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Finland

Offices in Helsinki

France

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Ghana

Offices in Accra

Hong Kong

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Hungary

Offices in Budapest

Indonesia

Latin America: International firms

Italy

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Japan

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Kenya

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Kuwait

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London

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Luxembourg

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Myanmar

Mongolia

Morocco

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Mauritius

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Mexico

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Malaysia

Mozambique

Offices in Maputo

Netherlands

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Norway

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North West

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New Zealand

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Oman

Offices in Muscat

Peru

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Philippines

Poland

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Portugal

Offices in Lisbon

Qatar

Offices in Doha

Asia Pacific: Regional International Arbitration

Romania

Offices in Bucharest

Russia

Offices in Moscow, Moscow, and St Petersburg

South Africa

Offices in Johannesburg

Scotland

Offices in Edinburgh

Sweden

Offices in Stockholm and Stockholm

Singapore

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South Korea

Offices in Seoul

Slovakia

Offices in Bratislava

Senegal

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Saudi Arabia

Offices in Riyadh, Jeddah, and Al-Khobar

Thailand

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Ukraine

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Uganda

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United States

Offices in San Francisco, Seattle, Silicon Valley, San Diego (Downtown), Boston, Los Angeles, Tampa, Chicago, Baltimore, Washington DC, New York, Philadelphia, Dallas, Las Vegas, Raleigh, Austin, Houston, Reston, Virginia, Minneapolis, Atlanta, La Jolla, Phoenix, Sacramento, San Diego (Golden Triangle), Los Angeles, Orlando, New Jersey, Maryland, Miami, and Wilmington

Vietnam

West Midlands

Offices in Birmingham

Yorkshire and the Humber

Offices in Leeds and Sheffield

Zambia

Offices in Lusaka

Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • AUSTRIAN DATA PROTECTION AUTHORITY ISSUED THE "BLACK LIST"

    Processing operations subject to the requirement of a data protection impact assessment.
    - Dorda
  • Rien ne va plus!

     
    - Dorda
  • DORDA advises on the acquisition of Austrian office properties Denk Drei

    Stefan Artner , Partner and Head of the Real Estate Practice Group, and real estate attorney Klaus Pfeiffer of DORDA advised Austrian Real Estate Development GmbH ( ARE , a subsidiary of Bundesimmobilien-Gesellschaft, the Austrian privatization agency) on the acquisition of the Denk Drei office properties from IC Development . The successful closing of the forward purchase transaction took place on April 30, 2018. The parties have agreed not to disclose the purchase price.
    - Dorda
  • Austrian "White List"

    Exceptions from the OBLIGATION TO CARRY OUT A data protection impact assessment
    - Dorda
  • 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.