Banking and finance in Austria

Binder Grösswang

Binder Grösswang's banking and finance group advises national and international financial institutions on lending, acquisition, project and structured finance mandates. Michael Binder, Tibor Fabian and Stephan Heckenthaler have substantial expertise in financial services regulatory matters. The sizeable team also includes Stefan Tiefenthaler, who was involved in various real estate financings, and Emanuel Welten.  Stefan Frank was promoted to counsel in early 2019, while Robert Wippel left to join Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG in late 2019.

Testimonials

Very good portfolio of various skills and experience, high quality of written documentation, readable memos, to the point and reasonable billing as well as not too many lawyers at one case.

Experience, competence, common sense, client focus and fair value for money.’

Stephan Heckenthaler –  outstanding negotiation skills, instant understanding of clients problems and needs, excellent English both written and oral and very hands on.’

Michael Binder – great experience in the banking industry and solution orientated.

Key clients

Verbund AG

BNP Paribas

Cape10

UniCredit Bank

Commerzbank

Constantia Flexibles Holding

Easy Park

Erste Bank der österreichischen Sparkasse AG

Landesbank Baden-Württemberg

Hypo Niederösterreich AG

Work highlights

  • Advised the financing banks led by Bank of America, BNP Paribas and CITI Bank on the financing of the takeover of the gas engine division of the US group General Electric, which also includes its Tyrolean subsidiary GE Jenbacher, by Advent.
  • Advised UniCredit Bank Austria on the financing of the construction of The Student Hotel Vienna.
  • Advised SIX on the spin-off of SIX Payment Services from the SIX Group, paving the way for a strategic partnership with Wordline, a European market leader in payment and transaction services as part of SIX’s strategic realignment.

Cerha Hempel

Under the leadership of Edith Hlawati and Clemens Hasenauer, the banking and finance team at Cerha Hempel acts for lenders and borrowers on real estate financings and major financing transactions. Among Peter Knobl's specialisms are banking supervision and regulatory matters, where he advises Austrian licensed banks, insurers and fund management companies on compliance questions. Volker Glas assists corporate borrowers and Austrian and international banks with syndicated loans, acquisitions, project financings and structured finance transactions. Other key names include Thomas Zivny, senior counsel Christian Aichinger and senior associate Andrea Harrich.

Practice head(s):

Edith Hlawati; Clemens Hasenauer

Testimonials

Very experienced, broad and deep knowledge. Also excellent knowledge of relevant authorities, highly available and provide practical solutions.

Key clients

Ithuba FinMill GmbH & Co KG

Deutsche Vermögensberatung Bank AG

Commerzbank AG, Vienna branch

SPAR-FINANZ BANK AG

EXAA Energy Exchange Austria Abwicklungsstelle für Energieprodukte AG

Wilmington collatered trust (Toys“R”Us)

Commerzbank AG, Vienna branch

Commerzbank AG, Luxembourg branch

Commerzbank AG, headquarter Frankfurt

Work highlights

  • Advised Commerzbank, Luxembourg branch on its role as lender in a participation financing agreement under Austrian law guaranteed by Oesterreichische Kontrollbank for a syndicated loan.
  • Advised Deutsche Vermögensberatung Bank (Vienna) on banking compliance, distribution-related and loan intermediation-related issues.
  • Assisted Erste Group Bank with a €31.3m facility made in Croatia.

Freshfields Bruckhaus Deringer

Schoenherr (Schönherr Rechtsanwälte)

Commended for its 'excellent know-how of all aspects of banking and finance law including regulatory matters', Schoenherr (Schönherr Rechtsanwälte) focuses on novel transaction structures, and also benefits from close cooperation with the M&A, real estate and restructuring and insolvency teams in its Vienna and CEE/SEE offices. Beyond its expertise in the consolidation and deleveraging of banks, the team excels in securitisation and structured finance matters as well as derivatives issues. Martin Ebner and Ursula Rath jointly lead the practice, which includes newly promoted partner Laurenz Schwitzer, who handles many of the firm's Austrian real estate finance transactions acting for lenders, funders and investors. Clients also praise Peter Feyl as 'one of the most prominent banking and finance lawyers in Austria', office managing partner Miriam Simsa and attorney Matthias Pressler.

Practice head(s):

Martin Ebner; Ursula Rath

Testimonials

Schönherr’s banking practice is very experienced in regulatory matters, in particular relating to own funds instruments (including legacy issues). Their legal advice is very much to the point.’

The team’s strength is its in depth of knowledge of legal problems, market practice and a very well functioning network of own offices in the key jurisdictions in Eastern Europe and the ability to safeguard quality control with respect to these offices.

I very much appreciate Schönherr’s approach to mandates, always having client’s interests and way of thinking in mind, they understand and pro-actively work with the business rationale behind the transactions. All this saves time and discussions.

The team has excellent know how in all aspects of banking and finance (including regulatory matters). Moreover, we very much value that they interact in an excellent manner with other departments of their firm (TMT, corporate, competition).

Martin Ebener and Peter Feyel – just easy to work with. No need for lengthy explanations. they quickly know what is required and what work products joint clients are looking for.

Martin Ebner is a top finance lawyer, knows the business inside out and finds pragmatic solutions.’

‘Laurenz Schwitzer has solid knowledge and a lot of transactional experience for his (relatively young) age.

Peter Feyl is deservedly one of the most prominent banking & finance lawyers in Austria. He has outstanding legal and industry know how, is very solution oriented and always pleasant to deal with.

Key clients

ABBAG Abbaumanagementgesellschaft des Bundes

Advent International

AGRANA Beteiligungsverwaltungs Aktiengesellschaft

Austrian Economic Chamber

Barclays Bank Plc

BofA Securities Europe SA

British Bank Bankers’ Association

Citigroup Global Markets Ltd

Commerzbank AG

Conda Crowdinvesting Europe

Credit Suisse

Deutsche Bank

Erste Group Bank AG

FIA Europe

Goldman Sachs

HSBC France

Immigon portfolioabbau ag

ISDA

J.P. Morgan Securities plc

Landesbank Baden-Württemberg

Morgan Stanley & Co. International plc

NatWest Markets

Nomura International PLC

Palfinger AG

Raiffeisen Bank International AG

Société Générale

UBS Limited

UniCredit Bank AG

Work highlights

  • Advised the joint lead managers on the Republic of Austria’s syndicated €4.5bn dual tranche government bond issuances.
  • Acting for Conda on its Initial Coin Offering (ICO).
  • Advised the initial purchasers on Sappi’s €450m senior notes issuance.

Wolf Theiss Rechtsanwalte GmbH & CoKG

Nikolaus Paul heads up Wolf Theiss Rechtsanwalte GmbH & CoKG's leading banking and finance team , which is 'a pleasure to work with' and routinely advises banks, insurance companies, funds and other financial institutions in Austria and the wider CEE/SEE region on a range of issues including commercial lending work, project financings, real estate financing matters, acquisition finance issues and infrastructure finance mandates. With 'exceptional knowledge of all fields of finance', Andreas Schmid specialises in securitisation and structured finance work, while Markus Heidinger is experienced in regulatory investigations, banking and financial markets, funds and corporate finance issues. Other noteworthy individuals include Andrea GritschLeopold Höher, who handles structured debt financing transactions, Marcell Nemeth and counsel Christine Siegl.

Practice head(s):

Nikolaus Paul

Testimonials

Very experienced and very short response times.’

Always there for the client; very knowledgeable, very well connected. work day and night, always hold to deadlines.

Andreas Schmid is one of the most experienced finance lawyers in Austria.

Nikolaus Paul is the best contract lawyer I have ever worked with. He pays very high attention to details and to every word, while being highly efficient.

Mimo Hussein is a rising star in the organisation.

Wolf Theiss maintains a strong internal network and team spirit with specialists on almost any matter, significantly decreasing reaction time for clients even in highly complex legal situations. Our Wolf Theiss partners were available to us also beyond usual business hours allowing us to carry an M&A project forward much faster than we would have expected.

Our Wolf Theiss team showed a high degree of professionalism and seniority, even in more junior positions and always ensured a complete and sound evaluation of questions and open topics from any possible perspective. Individuals displayed high business acumen and a strategic approach to contract preparation and legal settlements which enabled us to significantly strengthen our negotiation position.

Key clients

Raiffeisen Bank International

Bank of America Merrill Lynch International

Munich RE Group / ERGO International

Aareal Bank AG

Cash Payment Solutions

Erste Group Bank AG

Allianz Capital Partners GmbH

EBRD

Advent International

IFC

Rosneft Oil Company

HELABA

VakifBank

Miba AG

DDM

B2 Holding

Technology Crossover Ventures (TCV)

Meridiam

Kommunalkredit Austria AG

Work highlights

  • Handled the creation of a leading European payment services provider.
  • Advised Erste Bank on the financing of the acquisition of the Hotel Intercontinental in Prague.
  • Assisted a Croatian shopping centre with its refinancing and the provision of new credit lines.

CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH

CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH' banking and finance practice group acts for major domestic and international banks on real estate financing mandates, particularly in Vienna. The department also has strength at the intersection of banking and capital markets law. In a notable highlight, the group advised a bank on the syndicated financing of the first green loan worldwide for an Austrian energy company. Günther Hanslik leads the team jointly with Martin Zuffer, who focuses on regulatory matters; Alexander Rakosi is also a key name to note.

Practice head(s):

Günther Hanslik; Martin Zuffer

Testimonials

Good understanding of the market, excellent knowledge, fast and pragmatic approach.

Excellent knowledge of legal issues and market practice in Austria. Perfect network in the most important countries of the EU (especially Luxembourg). Very focused in the negotiation process and top-quality of contract drafting.

Günther Hanslik as a responsible partner is excellent in negotiations, always focused on the shared goal with a perfect overview of the open issues every time.

Key clients

UniCredit Bank Austria AG

Erste Group Bank AG

Raiffeisen Bank International AG

Sberbank

HYPO NOE Landesbank für Niederösterreich und Wien AG

Münchener Hypothekenbank

Vienna International Hotelmanagement AG (Vienna House)

Empira

Raiffeisen Landesbank Oberösterreich

Work highlights

  • Advising UniCredit Bank Austria as coordinator and an international bank consortium on the syndicated financing of the first green loan worldwide for the Austrian electricity supplier Verbund, totalling €500m.

DORDA Rechtsanwälte GmbH

DORDA Rechtsanwaelte GmbH regularly assists domestic and international banks, funds, corporates and public entities covering the full gambit of finance and banking matters, from acquisition and leveraged finance work, loan transactions, project and asset finance issues and securitisations to regulatory advice and bank contract law queries. Andreas Zahradnik and Tibor Varga jointly lead the practice, which also includes Paul Doralt and Christian Schöller.

Practice head(s):

Andreas Zahradnik; Tibor Varga

Testimonials

Highly qualified and experienced lawyers, very well organised practice and excellent partner firms that cover most jurisdictions, in particular in Eastern Europe. The firm also particularly cared for their young staff and trains them to high standards.

We highly value Tibor Varga’s services and expertise. He is also a trained accountant and understands complex issues.

Key clients

BAWAG P.S.K

Ad Hoc Committee of Secondary SEAG Lenders

Bregal Milestone LP

Kommunalkredit Austria AG

Work highlights

  • Acting for BAWAG PSK in proceedings against the City of Linz.
  • Acting as Austrian counsel to the Ad Hoc Committee of SEAG lenders, a group of international funds holding a substantial portion of the debt issued by Steinhoff Europe, on an out-of-court debt restructuring.
  • Advised Bregal Milestone on a debt investment in Greenstorm Mobility, an Austrian e-mobility start-up.

Eisenberger & Herzog

Eisenberger & Herzog is well-regarded for its financial restructuring knowledge, real estate transactional expertise and public takeover financing work, and frequently acts as lead counsel and also local counsel in cooperation with high-profile international law firms. The department, under the joint leadership of Peter Winkler and Marcus Benes, benefits from its seamless cooperation with the firm's insolvency and restructuring team as well as its banking regulatory practice group. Ulrike Sehrschön also specialises in public procurement and regulatory work, Josef Schmidt focuses on capital markets transactions, and Philipp Schrader is an independent lawyer associated with the firm's Vienna office.

Practice head(s):

Peter Winkler; Marcus Benes

Testimonials

The team are very good working with both Austrian and cross-border transactions. They understand the expectations of international clients and their requirements. The firm offers a nice blend of very experienced lawyers, a commercial approach and flexible pricing.

Marcus Benes and his team are the go-to team for banking and finance in Austria. Hands-on, pragmatic, smart, and responsive at all times. All levels of seniority are well integrated in the team and work for one goal – the client.

Marcus Benes is outstanding and unique in the Austrian finance and banking law environment. Technically a perfectionist and very well connected in a small world enabling the client to realise its transaction seamlessly.‘

Marcus Benes has a wealth of experience in cross-border and other, complicated transactions and is very responsive in his work. He communicates issues well and provides solutions to problems as they arise.

Key clients

Greenstorm Group

Pecik Group

Deutsche Private Equity GmbH

Capital Bank – GRAWE Gruppe AG

Erste Group Bank AG

Brüll Kallmus Bank AG

EBRD

HANNOVER Finanz AG

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft

Work highlights

  • Advising Greenstorm, a Kufstein e-mobility service provider, on a €20m investment made by European private equity company, Bregal Milestone.
  • Advising Pecik Group on the sale of the largest share package in the listed S IMMO to Immofinanz.
  • Advising on the admissibility of the activities of REWE International Finance for the Austrian group companies of the REWE Group under aspects of payment service law.

Fellner Wratzfeld & Partners

Fellner Wratzfeld & Partners combines banking regulatory expertise with M&A knowledge. On the regulatory side, the firm has seen an uptick in instructions from banks and financial services providers regarding compliance matters as well as an increase in the provision of cross-border financing advice. The sale of non-performing loan portfolios is another area of expertise. Markus Fellner, Gregor Schett and Florian Kranebitter lead the practice group, which is also known for its bank restructuring and refinancing expertise. Other key practitioners include Elisabeth Fischer-Schwarz and Benedikt Kessler.

Testimonials

Fellner Wratzfeld & Partners is at the top of our list of firms in combining responsiveness and understanding of our business and the law firm we rely on for cutting-edge matters. We appreciate greatly Markus Fellner’s practical, hands-on approach in identifying quickly the core issues to be resolved. He gets to the point. He has the ability to quickly analyse complex legal issues and has an outstanding business background to understand what is needed to get a project to the finish line. Markus Fellner is also a very strong negotiator.

Key clients

Raiffeisenlandesbank Niederösterreich Wien AG

BAWAG P.S.K

Oesterreichische Kontrollbank AG

Liechtensteinische Landesbank (Österreich) AG (former “Semper Constantia Privatbank Aktiengesellschaft”)

HYPO NOE Landesbank für Niederösterreich und Wien AG

easybank AG

UniCredit Bank Austria AG

Erste Bank der österreichischen Sparkassen AG

Cerberus Capital Management, L.P.

HETA ASSET RESOLUTION AG

Work highlights

  • Advised Oesterreichische Kontrollbank on the acquisition of 69% of the shares in Österreichische Hotel- und Tourismusbank.
  • Provided advice to the banks involved in a financing agreement relating to the takeover of Waagner Biro Bridge Systems by a group of investors.
  • Advised Semper Constantia Privatbank Aktiengesellschaft on the takeover of 100% of its share capital by Liechtensteinische Landesbank.

Brandl & Talos Rechtsanwälte GmbH

Brandl & Talos Rechtsanwälte GmbH's client roster encompasses large Austrian banks, insurance companies, international financial service providers and investment funds. The workload of the team, led by name partner Ernst Brandl, includes FMA proceedings, securitisation work, and regulatory and compliance issues.

Practice head(s):

Ernst Brandl

Testimonials

The banking and finance team at Brandl & Talos is exceptional and clearly at the very top of the Austrian market. Outstanding knowledge of the industry and regulatory matters.

Highly experienced team bringing the required technical but also practical knowledge.

The firm is characterised by its reliability and an extremely strong and professional team.

DLA Piper Weiss-Tessbach

DLA Piper Weiss-Tessbach is recognised for its project finance work, particularly in the CEE and SEE region. The group also has a strong banking litigation practice through Armin Hendrich; his team acts for financial institutions in large disputes and investigations including US-driven investigations relating to the compliance of European banks with US and US-Iran sanctions. Oskar Winkler and Claudine Vartian jointly lead the team, which also fields Jasna Zwitter-Tehovnik, who has experience in the infrastructure sector; litigator and regulatory expert David Christian Bauer, and Christoph Urbanek.

Practice head(s):

Oskar Winkler; Claudine Vartian

Testimonials

DLA, as opposed to many local law firms, has a very deep understanding and competence in financial sanctions topics. Among their strengths I would mention their professionalism, close client relationship, understanding client and business interests and needs, high level of delivery, and extreme reliability as a partner.

Versatile team with readily available expertise in practically all legal fields and many geographical areas.

Very adequate availability; prompt reaction to any request or question; pro-active advice and information provision as well as hands on follow up.

Besides his profound knowledge and experience on local laws, Armin Hendrich has also extensive knowledge in international (especially US) sanctions laws. In addition due to his personality and professionalism, working with him is always a pleasure with excellent results.

Jasna Zwitter-Tehovnik –very responsive; legally firm but pragmatic approach; commercially sensible.

Key clients

Eiffel Investment Group

Erste Group

EBRD (European Bank for Reconstruction  and Development)

UniCredit Bank Austria and UniCredit S.p.A.

IFC (International Finance Corporation)

WEB Windenergie AG

6B47 Real Estate Investors AG

Aareal Bank

KBC Bank NV

Work highlights

  • Advising International Finance Corporation on the award of a concession for Beirut Airport.
  • Advising Eiffel investment Group on the financing of numerous photovoltaic systems in Poland owned by the Germany-based Sunfarming Group.
  • Advised UniCredit Bank Austria on the refinancing of a portfolio of nine real estate projects of Immofinanz in Hungary.

Herbst Kinsky Rechtsanwalte GmbH

With Christoph Wildmoser and Christoph Herbst at the helm of Herbst Kinsky Rechtsanwalte GmbH's banking and finance team, the group is particularly active in cross-border acquisition finance work, refinancings and structured financing issues. The practice also has expertise in public law as well as rail and aviation banking and financing matters. Philipp Baubin, who has notable experience advising international and domestic lenders and borrowers on international financing transactions, made partner in early 2019.

Key clients

Vamed Management Services GmbH

Westbahn GmbH

AR Packaging

Ares Management

Morgan Stanley

Waterland Private Equity

DPE Deutsche Private Equity

Sun Capital Partners

easy Jet

Land Niederösterreich

Blackrock

Work highlights

  • Advised AR Packaging Group on the Austrian law aspects of the amendment and restatement of its existing €380m credit facilities.
  • Advised Morgan Stanley and Société Général as lead arranger on the €300m refinancing of Schur-Flexibles-Group.
  • Advised Pemberton Management and Raiffeisenlandesbank NÖ-Wien on the acquisition financing of BE-terna Group.

Saxinger, Chalupsky & Partners (SCWP Schindhelm)

Saxinger, Chalupsky & Partners (SCWP Schindhelm) was appointed to the panel of HYPO NOE Landesbank für Niederösterreich und Wien in early 2019, and continues to gain ground in the Lower Austrian region, particularly Vienna, having recently focused on Upper Austria. The work covered by Immanuel Gerstner and Matthias Steyrer's team encompasses real estate, project and public sector cross-border financings for borrower and lender clients. Other notable practitioners include Thomas RuhmFranz Mittendorfer and Lukas Leitner.

Testimonials

Highly technical and tactical skills, transparent, very fast in delivering solutions, explaining the various steps well, excellent communication skills.

Professionally constructive, solution-oriented consulting and experienced team.

Key clients

City of Linz/Corporate group of the Stadt Linz Holding GmbH

Ecoduna AG

IFA Institut für Anlageberatung AG

Soravia Equity GmbH

Startup300 AG

State of Upper Austria

UBM Development AG

Work highlights

  • Advising Soravia Equity on obtaining mezzanine capital for the construction of the Austro Tower.
  • Advising UBM Development on the redemption of a mezzanine loan within the scope of the acquisition of Donauhof.
  • Advising the province of Upper Austria on the search for interested parties for the repayment of housing subsidy loans.

Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG

Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG's 'very experienced and hands-on team' is led by Georg Diwok  and handles acquisition finance, refinancing and regulatory work and banking M&A issues. Following Dieter Buchberger and Wendelin Ettmayer's departure in mid-2019 to Buchberger Ettmayer Rechtsanwälte GmbH (KPMG Law), the firm recruited counsel Robert Wippel from Binder Grösswang into the team in late 2019; Wippel is responsible for banking law and financing transactions.

Practice head(s):

Georg Diwok

Testimonials

Baker McKenzie’s legal practice is governed by extraordinary professional expertise in the field of banking & finance and capital markets law. Extremely complex products are opined on precisely. This expertise is unique in the respective market.

Very experienced and hands-on team which helps to solve issues in an easy way, not over complicating things.

Deep expert knowledge and business understanding.

Georg Diwok is a specialist in the field. He is a proven expert in capital markets and banking transactions. He is published as well.

Key clients

s Wohnbaubank AG

UBS

Atos SE

Worldline SA

Amundi

Bank Frick

Santander Consumer Finance GmbH

Work highlights

  • Advising Atos SE/Worldline on the acquisition of SIX Payment Service.
  • Advising Patrimonium on the sale of CCS Group to GPV.

DSC Doralt Seist Csoklich Rechtsanwälte GmbH

DSC Doralt Seist Csoklich Rechtsanwälte GmbH provides comprehensive banking law advice to Austrian banks, international banks and public entities. The practice is also highly active in banking litigation and acts in investor loss class actions and class brought actions brought by consumer protection agencies. Markus Kellner leads the team.

Practice head(s):

Markus Kellner

Testimonials

Leaders in the area of consumer protection law (corporate side). Extremely high knowledge, very quick turnaround times, very strong focus on providing practical solutions.

DSC combines strong and deep banking and finance know-how with a pleasant hands-on approach. They have short response times, good expectation management and reasonable as well as transparent billing.

Top professional. Grasps complex structures very quickly. Whilst being a top legal advisor they also have a very good understanding of how a company works. Always at hand, even on short term – if you have an urgent case at hand, where you need a first legal evaluation, they will be there for you with sound advice.

Short response periods on calls and mails, one can reach them “always”. Pragmatic, client orientated, constructive approach and solutions, available for brain stormings by adding specialists. Creative solutions.

Markus Kellner takes practical and operational issues into account when legal questions are raised.

Markus Kellner – extremely high knowledge, very quick turnaround times, very strong focus on providing practical solutions.

Markus Kellner has impressive knowledge of all Banking Law related areas and Christoph Diregger is a top-class transactional lawyer. Both exceed many of their peers when it comes down to understanding the specific client needs in a particular case and provide advice that is a perfect fit for the situation.

‘Ulrich Edelmann – knows the law “by heart” and has an excellent knowledge of the underlying principles and current case law.

Key clients

Bank für Tirol und Vorarlberg Aktiengesellschaft

Erste Bank der oesterreichischen Sparkassen AG

Österreichische Ärzte- und Apothekerbank AG, Vienna

Raiffeisen Centro Bank AG

Raiffeisen Bank International AG

UniCredit Bank Austria AG

Wiener Privatbank SE

Work highlights

  • Represented UniCredit Bank Austria in litigation against Alpine bond holders.
  • Assisting building societies with their endeavour to terminate legacy saving contracts yielding an interest rate well above the going market rate.
  • Advised banks during the design and rollout of innovative new products into the Austrian market.

Graf & Pitkowitz

Led by Otto WächterGraf & Pitkowitz operates at the interface of banking and finance and corporate issues, handling corporate finance work for local and foreign clients; the group is equally well-equipped for agriculture finance and infrastructure projects. The practice group's workload is a mix of domestic and cross-border matters, and also has notable expertise in banking litigation and regulatory mandates.

Practice head(s):

Otto Wächter

Testimonials

Well experienced in international projects. Very good connected in US.

High expertise, very professional and fast responding.

Key clients

Niki Luftfahrt GmbH

Work highlights

  • Advised Niki Luftfahrt, a leading Austrian airline, on a matter linked to the insolvency proceedings of Air Berlin.
  • Representing a Belgian client in multiple disputes (€200m in total) against the Republic of Austria.

3 Verulam Buildings

Jank Weiler Operenyi's varied workload includes national and international financing transactions, NPL transactions, financial restructurings, regulatory advice and insurance and financial services law. Bernhard Köck, who leads the banking and finance group with name partner Andreas Jank, has expertise in finance litigation. Gabriele Etzl specialises in advising on private and public real estate finance transactions.

Practice head(s):

Andreas Jank; Bernhard Köck

Key clients

Deutsche Pfandbriefbank

Austrian Anadi Bank AG

HETA Asset Resolution AG (former HYPO ALPE ADRIA International)

Aviso Zeta AG

Andreas M. Sofocleous & Co. LLC

Bitpanda

Erste Bank AG

Air Berlin PLC & Co Luftverkehrs KG

Raiffeisen Bank International AG

Liechtensteinische Landesbank Österreich (LLB)

Work highlights

  • Advising Deutsche Pfandbriefbank on the financing of the ‘Porr Office Provider’ relating to the sale of the office building by UBM to a fund of the Korean Inmark Asset Management for €68.8m.
  • Advising airline operator Air Berlin PLC & Co Luftverkehrs on several legal issues.
  • Advising on the establishment of the legal department of a newly established bank.

PHH Rechtsanwälte

PHH Rechtsanwälte assists clients with all types of banking and financing work, from trade and project, real state acquisition and structured financings to restructuring, general lending and banking regulatory work. Wolfram Huber and Annika Wolf co-lead the practice group; Wolf focuses on public debt transactions, fintech work and acquisition finance transactions, while Huber concentrates on trade and export finance mandates and regulatory issues, particularly those with cross-border banking elements. Former practice head at PwC Legal Austria-oehner & partnerLukas Röper, joined the team in September 2020.

Practice head(s):

Wolfram Huber; Annika Wolf

Testimonials

A very pro-active and professional organisation. PHH has a wide range of experts in different fields of profession. Very quick in analysing new situations and clear mind how to advise.

PHH is a very innovative, modern thinking and acting firm. Compared to other law firms I’ve been working with, PHH is very open minded and up for new ways of cooperation, marketing and communication.

The Banking & Finance team at PHH is especially known for their outstanding consultation on project financing issues, where the team possesses wide and in-depth know-how. A big asset of the PHH Banking & Finance team is, besides their know-how, the teams’ commitment to provide the client with the best legal product. Annika Wolf and the Banking & Finance team at PHH are willing to go the extra mile for the client in order to provide the best advice or successfully close a transaction. In this respect it is worth noting that the team is able to find the best possible solution for the client, even under pressure. Further, we appreciate that, if required, the Banking & Finance at PHH can be reached at all times.’

In the finance industry PHH’s Banking & Finance team is well-known, especially for their work in connection with PPP projects and regulatory matters. In addition to that, the team is also known for their continuous work with FinTechs. To collaborate with the Banking & Finance team of PHH is always a pleasure. 

Dedicated, response and solution oriented banking team of Wolfram Huber and Annika Wolf.

Annika Wolf is a one in a million lawyer. She is extremely competent, efficient, always on point but with a very pleasant “human” touch.

Annika Wolf’s work ethic and methods are highly professional. She is very precise in her argumentation and explanations and has the ability to present legal advice or solutions even to non-legal experts in a comprehensive way. Annika Wolf is solution-driven, thinks outside the box and exceeded our expectations. Due to her work ethic and methods, Annika Wolf manages to complete large and complex transactions to the full satisfaction of the client, during which not only her deep knowledge of finance transactions is of help, but also her understanding of the commercial parts of a transaction.

The outstanding individual of PHH’s Banking & Finance team is Annika Wolf. Annika Wolf has long-standing experience in the banking and finance sector, especially in relation to project financing and debt-restructuring issues and regulatory affairs. While working together with Annika Wolf, we have not only witnessed that she has deep knowledge of the finance market but also is very reliable and resilient. Annika Wolf respects deadlines and manages to provide the best legal advice even when being under pressure. Annika Wolf is able to understand the client’s needs, not only from a legal perspective but also with regard to his/her economic background or situation. If necessary, she is not afraid of pursuing creative and innovative approaches in order to achieve the best possible outcome. Further to the above, Annika Wolf is also a very good project manager; from start to finish complex finance transactions of all size are thoroughly handled by her to the fullest satisfaction of the client.

Wolfram Huber – very smart and professional guy. Wolfram is always present and is a huge force in critical situations.  Next to his professional status he is keeping a very partnership approach.’

Lukas Roeper looks very different then other lawyers in Austria with deep knowledge of the areas he is responsible for. With good negotiation and communication skills, having both in-house and external legal experience he can assist with different topics and suggest very practically useful solutions. His participation in negotiations is very productive.

Key clients

Austrian Anadi Bank AG

Banca Comerciala Romana

Banco Santander S.A.

BNP Paribas SA, Niederlassung Österreich; BNP Paribas Personal Finance SA

Bonaventura Services GmbH

Civum GmbH

DIF Infra Luxembourg Sarl

Erste Group Bank AG

European Investment Bank

Exporo AG

HYPO NOE Landesbank für Niederösterreich und Wien AG

JSC VTB Bank

Kommunalkredit AG

Landesbank Hessen Thüringen (Helaba)

Marktgemeinde Kreuzstetten

Mayr-Melnhof Group

Meridiam SAS

ODDO BHF (Schweiz) AG

RAG Energy Storage GmbH

Raststättenbetriebs GmbH

Sberbank Europe AG

URBAS Maschinenfabrik GesmbH

VTB Bank (Europe) SE, Vienna Branch

Work highlights

  • Advising Austrian Anadi Bank as lenderon the financing of the acquisition of a hotel in Vienna by C.R.E.T. Immobilien.
  • Advising HYPO NOE Landesbank für Niederösterreich und Wien throughout the funding of the acquisition of certain Siemens properties in Vienna.
  • Acting for Sberbank Europe in the insolvency proceedings of Waagner Biro Stahlbau and Waagner-Biro Aktiengesellschaft.

Rautner Rechtsanwälte GmbH

Boutique firm Rautner Rechtsanwälte GmbH provides banking and finance services across the full spectrum of work, including syndicated lending, project and real estate finance, restructuring and regulatory matters. One particular focus of the practice is transactional work conducted throughout the CEE region in cooperation with major international law firms. Uwe Rautner, who leads the team, frequently advises local subsidiaries or permanent establishments of multinational financial authorities on Austrian financial supervisory law.

Practice head(s):

Uwe Rautner

Testimonials

The team, led by Uwe Rautner, has a practical and commercial approach to transactions. They are very good with standard financings and give necessary advice without over-lawyering at a good price point.

Uwe Rautner provides quick service and good, commercial advice, also taking into account tax and other factors that may influence decision making.

Key clients

BNP Paribas S.A. Austrian Branch

BNP Paribas S.A. Personal Finance Austrian Branch

Demire Deutsche Mittelstand Real Estate AG

East Guardian Asset & Trade Finance Fund SP

Kommunalkredit Austria AG

oekostrom AG

Unicredit Bank Austria AG

Windkraft Simonsfeld AG

Odlo Österreich GmbH

CA Immobilien Anlagen AA

Work highlights

  • Advised UniCredit on real estate financings in Slovakia.
  • Assisted Kommunalkredit Austria with the extension of a wind park financing in Lower Austria.
  • Advised Merrill Lynch International, Barclays Bank, Goldman Sachs International and UBS Europe as joint lead managers on the successful issuance of a €500m perpetual subordinated bond by Erste Group Bank.

Schindler Attorneys

Schindler Attorneys' banking and finance practice is best known for its finance work, especially acquisition loans, LBO and mezzanine financings, term and revolving credit facilities and working capital issues. The team also has expertise in project and real estate financing transactions and advises on US leases and public private partnerships. Martin Abram, Florian Cvak and Christian Thaler jointly lead the department, which also stands out for its Brazilian desk.

Testimonials

Very efficient team with very good Partner attention. Business minded. Reasonable pricing.

Quick replies and very cost efficient.

Exceptional multi-disciplinary and international approach as well as flexible and always available.

Christian Thaler understands how to provide legal advice combined with a solution that works for the needs of our company.’

Clemens Schindler – exceptional attorney/tax consultant with an extraordinary network and references especially in PE.

Martin Abram – renowned expert in the capital market and real estate/very sharp results.

Key clients

WEB Windenergie

checkrobin

Frey Group

Innogy

Konica Minolta

Playerhunter

European Investment Fund

OAS

Work highlights

  • Advising checkrobin on corporate financing issues and shareholder financings.
  • Advised Mezzanine Management on the mezzanine financing to EuroIns Insurance Group to finance the acquisition of Wüstenrot companies and further growth of EuroIns Group in established and new markets.
  • Advising Friedrich Frey Verwaltungs on an acquisition financing with Erste Bank and a revolving credit facility with Unicredit.

Weber & Co. Attorneys-at-Law

Weber & Co. Attorneys-at-Law acts for Austrian and international banks on transactional and regulatory matters, and also advises borrowers on finance and loan transactions in domestic and international settings. The group leverages its regulatory and transactional expertise to assist the real estate team with real estate financings and securitisation transactions. The 'outstanding' Christoph Moser and Stefan Weber jointly lead the practice.

Practice head(s):

Christoph Moser; Stefan Weber

Testimonials

Weber & Co.’s banking and finance team is really outstanding. He and the team are true experts in their area of practice and deliver hands on advice. Other strengths I see are their flexibility, commitment to the client and their expertise/track record. Compared to other firms, we get swift and reliable advice.

We chose Weber & Co. due to their highly regarded market acceptance as well as their direct partner support. I know partner Christoph Moser for many years and he delivered everything he promised as to the work of the firm before our first collaboration. Moser and team have become trusted legal advisors but I even consider him kind of a business advisor accompanying our day-to-day business with thorough advice and views. Work in the banking and finance area in particular involves advice on financing structures, banking related matters (including advice on finance and banking related issues in connection with the opening of our business in Switzerland). On the one hand, Weber & Co. advises us on Austrian law, on the other hand they are also in charge of coordinating external lawyers abroad in cross border transactions involving non-Austrian countries.

For me, Moser is really outstanding compared to other partners in the Austrian market I know. Because he has a very commercial way of tackling issues and a very precise, calm way of getting even crucial things done. This gives me as a client a comfortable feeling and I can rely on him and his team, irrespective of the matter at hand.

We highly appreciate the direct partner involvement and committed support. He is very proactive, hard-working and commercial. Christoph Moser  understands our business and the way we work and seamlessly fits into this framework. I am also deeply impressed by his broad knowledge. Even in non-core areas of his practice, he has an endless amount of ideas and views and provides top quality input, but also taking in account situations where additional expert advice is required.

Whenever you deal with Christoph Moser, it is always top-quality and top-level.

Key clients

Erste Group Bank AG / Erste Bank der österreichischen Sparkassen AG

S&T AG

Vienna Insurance Group (VIG)

Commerzbank AG

Wolford AG

DZ Bank

Wienerberger AG

FACC AG

UniCredit

BayernLB

Deutsche Bank

Suzano Austria GmbH

SeneCura

Zürcher Kantonalbank AG / Zürcher Kantonalbank Österreich AG

Helaba

Work highlights

  • Advised Austrian listed stock company FACC on the successful closure of a €225m syndicated loan.
  • Advised Commerzbank as security agent and the other secured lenders on the restructuring and refinancing of Kathrein as to Austrian law.
  • Advised Erste Group Bank as arranger of a bonded loan and registered notes for Vienna Insurance Group.

Barnert Egermann Illigasch Rechtsanwälte GmbH

Alexander Illigasch leads the team at Barnert Egermann Illigasch Rechtsanwälte GmbH, which can be found on the company and lender side of transactions, advising domestic and international banks, financial institutions and private equity funds on all financing matters in a domestic and cross-border context. The group is also retained to act as local counsel for major international law firms.

Practice head(s):

Alexander Illigasch

Testimonials

Very good knowledge of the market, know how to deal with the “other side”, swift turn-around of documents.

Alexander Illigasch is a very good negotiator.

Alexander Illigasch – competent, solution-orientated, reliable, on schedule.

Key clients

BNP Paribas

Erste Group Bank

Raiffeisen Bank International

UniCredit Bank Austria

Work highlights

  • Advising Austrian automotive component supplier, Kromberg & Schubert, on various financing transactions regarding its CEE and Central America activities.
  • Assisting banks with a €200m refinancing transaction for an Austrian gambling group.
  • Advising a client on the financing structure for the expansion of its subway network.

Graf Patsch Taucher Rechtsanwälte

Graf Patsch Taucher Rechtsanwälte's banking and finance group, led by Bernd Taucher, focuses on larger, international syndicated finance transactions. The client roster consists of borrowers, loan service providers and banks, with the team being most active on the borrower side, acting for industrial and enterprise borrowers, typically on cross-border mandates.

Practice head(s):

Bernd Taucher

Testimonials

Graf Patsch Taucher is a small sized firm with a well proven transactional track record. We have been working with the firm on numerous finance, M&A and general corporate projects. The team is very responsive and flexible, response time is great and the firm provides very good value for money. They also stand out in servicing interdisciplinary projects and we very much appreciate their way of handling transactions in general.

Graf Patsch Taucher is a relatively small firm with an impressive team. We are very happy with their overall performance. Their communication is exceptional, they always come back to us very quickly and with very useful advice. Recently we worked with them again on a large volume finance transaction and everything went perfect again.

The team of Graf Patsch Taucher is exceptionally strong in providing seamless transaction services. Our lawyers at Graf Patsch Taucher provided extremely good value for money. They perfectly know their local environment, they do not engage in unnecessary theoretical discussions but focus on a practicable and quick implementation which is great for everyone who is running (also multidisciplinary) transactions.

Bernd Taucher ran all the numerous finance transactions for the us over the past years. Bernd is an outstanding lawyer. Not only has he a very impressive international track record in finance and M&A projects, he is also an exceptionally good listener, always watching out in order to keep transactions on track so as to close as quickly as possible. Solving complex legal issues looks quite easy when working with Bernd. We are very happy to have him “on board”.

Bernd is always available if needed, communicates very well and with perfectly smooth routine with various transaction parties and helps to keep the focus on finalising the transaction. Bernd runs all finance related and M&A related parts of the transaction. We quickly realised that he is very experienced and provides sound and very reasonable advice. Bernd is an outstanding lawyer with exceptional international experience and knows exactly where to put pressure on in order to get negotiations into the right direction. We can recommend Bernd for Finance and M&A transactions without any restrictions really.

Key clients

HEAD group

Raiffeisen Capital Management

Raiffeisen – Rent Vermögensberatung und Treuhandgesellschaft mbH

MyBucks S.A.

RENAFAN group

Jadeberg Partners AG

Hatfield Philips Germany (now part of Situs)

Telekom Austria AG

Bundesimmobiliengesellschaft

Borealis Group

Zadruga Holding GmbH

Livin Farms Agrifood GmbH

Work highlights

  • Supported Borealis on a US private placement transaction relating to assignment and assumption agreements with a substantial value.
  • Assisting HEAD with an international finance transaction.
  • Advised new client APS on the acquisition and the acquisition financing of VB-Leasing International Holding, an Austrian leasing company of the Volksbanken Group with subsidiaries in four southern European countries.

Hausmaninger Kletter Rechtsanwälte GmbH

Acting for banks, alternative investment funds and other financial services providers, Hausmaninger Kletter Rechtsanwälte GmbH is recognised for its expertise in regulatory, licensing and compliance matters. Manfred Ketzer is the main contact.

Practice head(s):

Manfred Ketzer

PwC Legal Austria-oehner & partner

PwC Legal Austria-oehner & partner's financial services practice group handles transactional work, and finance and loan contracts, and also advises credit and financial institutions as well as investment funds and companies on regulatory issues. The team also stands out for its insurance supervisory practice. In September 2020 practice head Lukas Röper left for PHH Rechtsanwälte.

Testimonials

The team has great lawyers with previous in-house experience which give it an advantage over other lawyers who does not know from their experience how the banks are arranged internally. Given the widespread network of PwC Legal all other the world, PwC Legal Austria is for us a one-stop-shop legal adviser in all jurisdictions of our business – i.e. not only under Austrian law, but they arranged and assisted us under, i.a. English, Luxembourg, Hong Kong, Italian, Slovenian, Greek and Russian law during last year. This is a unique adviser for us not only in Austria but worldwide.

Very intelligent and dedicated team, which is 24/7 available; that is not common in Austria. Know the main financial transactions and banking activities perfectly. May assist not only with pure legal issues but related to business and accounting.

The other key person at PwC Legal Austria is Evgeny Rodionov. Evgeny is a very experienced finance lawyer who is our main contact at the finance transactions. He drafts/reviews the documentation and negotiates it for us in a perfect way in order to take as much work from our (not only legal but also commercial) shoulders as possible. He explains complicated LMA financing things in the way that any banker/lawyer/operation colleague can understand the concept. I highly recommend Evgeny to every other client.

Stefan Paulmayer: has a strong knowledge base in his area of expertise (such as regulatory law, capital markets and restructurings) and applies such with a practical hands-on mentality. He is also a strong negotiator, not putting up with nonsense or unnecessary delay from the opposing side.

Key clients

Long-term Investments Private Equity S.A.

Raiffeisen Bank International AG

Swiss Life International Services AG

Segurio Online-Services und Versicherungsmakler GmbH

Sirius International AG

vPE WertpapierhandelsBank AG

Mizuho Bank Europe N.V.

UNIQA Insurance Group AG

SIB (Cyprus) Ltd (“SBERBANK CIB”)

Lazard Asset Management (Deutschland) GmbH

Corum Asset Management

Generali Bank AG

Symbiotics SA

Volksbanken-Versicherungsdienst-Gesellschaft m.b.H.

Taylor Wessing enwc Rechtsanwälte GmbH

With a key presence in the CEE/SEE region, Taylor Wessing enwc Rechtsanwälte GmbH is instructed by borrowers on cross-border syndicated loan and bond financings. Banks also look to the team, which is under Claudia Steegmüller's leadership, for advice on high-value business issues; the group also provides regulatory advice to banks and financial service providers, including alternative investment funds. Philip Hoflehner is also a key name to note.

Practice head(s):

Claudia Steegmüller

Testimonials

Good price-performance ratio; high experience in corporate transactions and structured, time efficient processes.

Focused, time efficient way of working; deliver on time; good consultancy in finding alternatives for difficult matters; strong powerful performance and strengths in corporate transactions.

Key clients

Barclays Bank plc

Covivio / Immeo Wohnen / Foncière des Régions

Credit Suisse AG

Erste Group Bank AG

Festo Management Aktiengesellschaft

KGAL

Norske Skog Bruck GmbH / Norske Skog-Group

ÖAMTC

PNC Bank, National Association

Raiffeisenlandesbank Vorarlberg

Ricoh Austria GmbH

Warimpex Finanz- und Beteiligungs Aktiengesellschaft

Work highlights

  • Advising a leading multinational investment bank group on various financing transactions related to Austria as well as in connection with an international trade and export financing programme to be adapted to the requirements of Austrian law.
  • Advising a local German bank as lead manager in connection with a €66.5m revolving syndicated loan to a well-known German off-road vehicle manufacturer, including a security package and corporate approvals in Austria.
  • Advice Norske Skog on its issuance of a corporate bond, utilisation of a multicurrency revolving credit facility and preparation of Austrian security package including the coordination, execution and necessary set of corporate documentation.

Völkl. Rechtsanwälte

Clemens Völkl leads Völkl. Rechtsanwälte's banking and finance team, which is recognised for its specialised knowledge of banking resolution and restructuring issues, bank litigation and regulatory matters. The firm's client roster includes Austrian banks and other financial institutions, which it represents before the national authorities and the European Central Bank.

Practice head(s):

Clemens Völkl

Testimonials

The practice is unique in that it has become a true alternative to big law firms: The quality of work and the responsiveness are remarkable. I also feel that because of the broader experience of each lawyer and the in-depth knowledge of the financial industry, the team is more innovative and has a more strategic approach than others. Although they are quite small the team can still handle very complex cases. The firm is renowned for its regulatory work but lately also makes a strong impact in financing transactions, product development and market introduction of new banking products which is especially valuable in times of digitisation and change for the banking industry.

Völkl law firm is very service oriented. The partner, in my case, Clemens Völkl is always reachable and very knowledgeable. Moreover, Clemens Völkl is very creative in finding solutions. In my opinion this law firm, given its small size and its deep knowledge of banking and finance is outstanding on the Austrian legal services market.

Clemens Völkl is a very knowledgeable lawyer in particular in terms of civil law and banking regulatory (license).

Clemens Völkl and Philipp Frenzl both are very pleasant to work with and very solution oriented. Clemens is very experienced, extremely knowledgeable and has helped us out of difficult situations. He has a very strategic approach often avoiding problems before they escalate. Over the last years Clemens has handled some of the most sensitive cases in bank restructuring in Austria, many of which people in the industry believed to be impossible. We also value Clemens and Philipp’s advice as they see problems on a broader scope and can therefore advise with a broader scope because often topics are interconnected and they can represent a bank in all stages of a project, from planning to regulatory affairs and litigation. The firm gained a new partner in 2019 who has a good reputation because he worked with specialised law firms before joining but also in a number of legal departments of Austrian bank.’

Clemens Völkl has a very good track record as a lawyer with longstanding experience in Banking and Finance.

Key clients

WSK Bank AG

Dornbirner Sparkasse Bank AG

Dolomitenbank

Kommunalkredit Austria AG

Work highlights

  • Advised an Austrian bank during the first ICT-on site audit conducted by the Austrian Financial markets authority under the new EBA Outsourcing-Guidelines.
  • Advised Kommunalkredit Austria on a new deposit/lending online product.
  • Advised WSK Bank on the restructuring adaptation of outsourcing contracts to the new Austrian outsourcing regime for banking services and the change of the service provider.