Legal500

DLA Piper Weiss-Tessbach

SCHOTTENRING 14, 1010 WIEN, AUSTRIA

Tel:: Work +43 1 531 78 0
Fax:: Fax +43 1 533 52 52

Web:: www.dlapiper.com
Email:

Zagreb, Washington DC, Warsaw, Vienna, Tokyo, Tbilisi and 78 more

What we say about the firm's legal practice in Austria

Banking and finance

Within Banking and finance, tier 4

DLA Piper Weiss-Tessbach’s hardworking team has seen an increase in real estate finance work. Wolfgang Lafite leads the team, which recently advised TA Associates on financing its acquisition of Amann Girrbach Group.

Capital markets

Within Capital markets, DLA Piper LLP is a second tier firm,

DLA Piper Weiss-Tessbach has been busy with debt-side instructions, and practice head Christian Temmel led advice to Warimpex on its €40m rights issue in 2010. The team also represented the UK-listed PartyGaming on its merger with Austria-listed bwin.

Central and Eastern Europe

Within Central and Eastern Europe, DLA Piper LLP is a third tier firm,

DLA Piper Weiss-Tessbach has an impressive CEE/SEE footprint, and recently advised a wealthy individual, Jerri Nowikovsky, and his private foundation on real estate developments in Poland and the Czech Republic.

Corporate and M&A

Within Corporate and M&A, DLA Piper LLP is a third tier firm,

DLA Piper Weiss-Tessbach recently advised Doosan Heavy Industries & Construction on its acquisition of an Indian boiler manufacturer from the insolvent Austrian industrial group A-Tec Industries. The team also advised London-listed PartyGaming on its €2.5bn merger with bwin. Max Becker is ‘a pleasure to work with’.

Dispute resolution

Within Dispute resolution, DLA Piper LLP is a second tier firm,

DLA Piper Weiss-Tessbach has had an active year in banking litigation, and ‘provides flexible assistance and has excellent expertise’. The practice recently advised CGU Insurance in its corporate, insolvency and tax investigations relating to a local company. Practice head Claudine Vartian is recommended.

EU and competition

Within EU and competition , DLA Piper LLP is a second tier firm,

DLA Piper Weiss-Tessbach advised construction company Porr Group on merger control proceedings relating to its purchase of a stake in Teerag. The ‘flexible’ and ‘excellent’ Claudine Vartian heads the team, which also advised Sophos plc on merger control notification and clearance matters.

Employment

Within Employment , DLA Piper LLP is a third tier firm,

DLA Piper Weiss-Tessbach is recommended for cross-border CEE matters and collective labour disputes. The group advised Spar on the restructuring and reorganisation of its local subsidiary. Practice head Franz Marhold is ‘highly experienced and business-oriented’.

IT and telecommunications

Within IT and telecommunications, DLA Piper LLP is a first tier firm,

Claudine Vartian heads DLA Piper Weiss-Tessbach’s group, which recently advised longstanding client Deutsche Telekom in various litigation and corporate matters. The practice was bolstered by the addition of Sabine Fehringer from Fellner Wratzfeld & Partners.

Insolvency and corporate recovery

Within Insolvency and corporate recovery, DLA Piper LLP is a second tier firm,

Clients are ‘impressed by the responsiveness and technical competence’ at DLA Piper Weiss-Tessbach, which advised Doosan Heavy Industries & Construction on acquiring a subsidiary from the insolvent A-Tec Industries. It also advised various domestic lenders on several insolvencies and restructurings. Wolfgang Lafite is the main contact.

Intellectual property and media

Within Intellectual property and media, DLA Piper LLP is a second tier firm,

DLA Piper Weiss-Tessbach is recommended for anti-counterfeiting work and trade mark enforcement. It recently represented a cosmetics manufacturer in trade mark infringement litigation. The highly recommended Alexander Cizek heads the team, which welcomed new arrival Sabine Fehringer from Fellner Wratzfeld & Partners.

Legal market overview

Within Legal market overview,

The Austrian legal market is small and there are few major global players operating out of Vienna, with the exception of Freshfields Bruckhaus Deringer, DLA Piper Weiss-Tessbach, CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH and Baker & McKenzie Diwok Hermann Petsche Rechtsanwälte GmbH.

Private client

Within Private client, DLA Piper LLP is a second tier firm,

DLA Piper Weiss-Tessbach is recommended for advice on private trusts and foundations. Practice head Christoph Mager recently led advice to Helmut Zoidl and his family in the restructuring of three private foundations, including one based in Liechtenstein.

Real estate and construction

Within Real estate and construction, DLA Piper LLP is a second tier firm,

DLA Piper Weiss-Tessbach recently advised Credit Suisse Asset Management Immobilien Kapitalanlage as asset manager of Credit Suisse’s real estate fund on the €20m refinancing of a Vienna office building. Practice head Birgit Harasser is recommended.

Tax

Within Tax, DLA Piper LLP is a third tier firm,

DLA Piper Weiss-Tessbach recently advised German investment fund Loyd Fonds on the tax and capital markets aspects of setting up various private investment funds in Austria. Senior associate Franz Althuber is the main contact.

Further information on DLA Piper LLP

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

Austria

Offices in Vienna

Belgium

Offices in Antwerp and Brussels

Germany

Offices in Cologne, Hamburg, Frankfurt, Munich, and Berlin

Egypt

Offices in Cairo

Spain

Offices in Madrid

Georgia

Offices in Tbilisi

Legal market overview : Legal market overview

Italy

Offices in Milan and Rome

London

Offices in London

Netherlands

Offices in Amsterdam

Norway

Offices in Oslo

North West

Offices in Liverpool and Manchester

Russia

Offices in Moscow and St Petersburg

Sweden

Offices in Stockholm

Ukraine

Offices in Kiev

West Midlands

Offices in Birmingham

Yorkshire and the Humber

Offices in Leeds and Sheffield

Search News and Articles

Legal Developments by:
DLA Piper LLP

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

Poland: Civil Procedure

On 16 September 2011, the Polish Parliament adopted a significant amendment to the Polish Civil Procedure Code (the “Code”). Most of the changes comprising the amendment came into force on 3 May 2012 (the “Amendment”).

- Schönherr
Mergers & Acquisitions 2012 - Serbia

M&A transactions and all forms of corporate reorganisations (e.g. mergers, de-mergers, transformations, contributions in-kind) are governed by the Companies Act (CA).

- Schönherr
fwp’s expertise in banking & finance and restructuring & insolvency confirmed by top ranking

Once again, business law firm Fellner Wratzfeld & Partners (fwp) is among the front-runners in Austria where international rankings are concerned, a fact confirmed by the Chambers Global Guide 2012, which was published in March 2012.

- Fellner Wratzfeld & Partners
Mergers & Acquisitions 2012 Austria

Public bids are regulated under the 1999 Takeover Act (TA), as thoroughly amended by the 2006 TA Amendment Act. The TA applies provided the target is a joint stock corporation (AG) based in Austria and its shares are admitted to trading on the Vienna Stock Exchange (Wiener Boerse; VSE) at a regulated market.

- Schönherr
Austria: Employers have to pay EUR 110 for each termination

In the course of the second stabilisation package 2012*, the new § 2 b Labour Market Policy Financing Act (Arbeitsmarktpolitik-Finanzierungsgesetz – AMPFG) was agreed upon.

- Schönherr
Czech Republic: Major amendment to the Public Procurement Act

As of 1 April 2012, the Czech Public Procurement Act (Act No. 137/2006 Coll.) has been significantly amended.

- Schönherr
The Bulgarian Parliament marks the first anniversary of the Renewable Energy Law of 2011

Bulgaria: The Bulgarian Parliament marks the first anniversary of the Renewable Energy Law of 2011 with its first amendment

- Schönherr
Slovakia: A new subordination rule entered into force: the role of related party creditors in...

bankruptcy post Amendment to the Slovak Bankruptcy Act

- Schönherr
Austria: Claim Management

Construction projects are expensive, and they usually end up being more expensive than agreed. The principal often tries to mitigate this risk by concluding a lump-sum contract.

- Schönherr
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