Rising Stars

Firms To Watch: Banking and finance

Founded in 2022, Akela Law is led by Martin Pichler and Michael Kollik and demonstrates particular strength in advising on regulatory topics, securities and payment transactions.

Banking and finance in Austria

Binder Grösswang

Jointly steered by Stefan Tiefenthaler, Emanuel Welten, Stefan Frank, and Stephan Heckenthaler, Binder Grösswang‘s banking and finance practice is recommended for maintaining an ‘approach with the client’s needs in mind’ and works together seamlessly with other specialist groups of the firm, including the M&A, capital markets, tax and dispute resolution departments. The team regularly acts in cross-border financing transactions, for which Tiefenthaler is a key contact, and it is also noted for handling regulatory matters in the financial services industry, which are handled by Heckenthaler and Frank. The ‘experienced and responsive’ Welten offers specialised expertise in aircraft financing and ESG-related matters as part of his broad financing practice which also encompasses asset, acquisition, and real estate financings.

Practice head(s):

Stefan Tiefenthaler; Emanuel Welten; Stephan Heckenthaler; Stefan Frank


‘Hands on approach with the client’s needs in mind. Slick, straight and complete solutions.’

‘They respond immediately and consider their client’s internal processes when giving advice.’

‘The team is responsive and pragmatic in their advice. ’

‘They have advised us on a wide range of finance transactions, understand our requirements and are very capable in aligning them with market developments.’

‘Emanuel Welten: experienced and responsive.’


Key clients

Amazon EU S.à r.l.

Austrian Anadi Bank

Bankhaus Carl Spängler & Co. Aktiengesellschaft

BNP Paribas S.A.


Cembra Money Bank AG


Grover Group GmbH



Raiffeisen Bank International AG

Raiffeisenlandesbank Oberösterreich

Société Générale

Steiermärkische Bank und Sparkassen AG

Unicredit Bank Austria

Rail Cargo Austria AG

Attestor Capital LLP

Interritus Limited

Credit Agricole

VAMED Standortentwicklung und Engineering GmbH

Work highlights

  • Advised the lenders on a €417.5m financing for Alpen Glasfaser, an Austrian fibre optic joint venture between Meridiam and Magenta Telekom.
  • Advised Rail Cargo Austria AG as borrower on an Austrian law-governed first-of-its-kind ESG and sustainability-linked syndicated credit facility.
  • Advised Austrian Anadi Bank on a cooperation with Austrian financial service providers to offer banking services via a new distribution channel.

DORDA Rechtsanwälte GmbH

Leveraging its ‘seamless integration within its global network’ and access to specialists in adjacent areas such as IT and IP, DORDA Rechtsanwälte GmbH advises funds, banks, financial service providers, financial institutions as well as domestic and international corporate clients on the full range of domestic and cross-border financing transactions and regulatory matters. The team's multi-faceted practice regularly handles project financings, asset finance matters, cross-border leasing, alternative investments, structured financings and bank contract matters. Co-head Tibor Varga is praised by clients for his ‘top-tier professionalism’ and covers the whole spectrum of corporate finance transactions, including syndicated and private lending, while co-head Andreas Zahradnik combines expertise in banking, capital markets, corporate and compliance law. Both are well supported by Safiye Ünüvar.

Practice head(s):

Tibor Varga; Andreas Zahradnik

Other key lawyers:

Safiye Ünüvar


‘One stop-shop, swift coordination of international aspects and seamless integration within its global network.’

‘Tibor Varga personifies a unique combination of top-tier professionalism and expertise with outstanding competence and calm. An efficient listener, he sorts out the legal fundamentals of a client’s situation in no time and provides high-level solutions, yet reminds you of risks and constraints of the chosen approach.’

‘It’s the combination of  practical knowledge, responsiveness, involvement and great personalities.’

Key clients

Benteler International AG

Work highlights

  • Advised the lenders to Schur Flexibles on a financial restructuring of SchurFlexibles, which involved an initial standstill and a subsequent restructuring.
  • Advised on the Benteler group on a refinancing.

Schoenherr (Schönherr Rechtsanwälte)

Led from Bucharest by Matei Florea, Schoenherr (Schönherr Rechtsanwälte)‘s ‘highly experienced’ integrated team operates across all of the firm’s offices in the CEE region, allowing it to handle a high volume of multi-jurisdictional matters that span from complexly structured finance transactions to financial services litigation. The group is instructed by fintech clients, financial institutions, and insurance companies and shows proficiency in ESG-related topics such as green financings. Key contacts in Austria are the ‘go-to lawyer for strategically important financing transactions’ Martin Ebner, as well as Peter Feyl, who combines regulatory expertise with knowledge of debt finance and M&A, and Laurenz Schwitzer, who focuses on real estate and asset finance.

Practice head(s):

Matei Florea

Other key lawyers:

Martin Ebner; Peter Feyl; Laurenz Schwitzer; Ursula Rath; Michael Magerl; Christoph Moser


‘Martin Ebner is our go-to lawyer for strategically important financing transactions and other special situations. He is a brilliant advisor, a strong negotiator and adds value to every transaction.’

‘Highly experienced team, with closely aligned communication/collaboration between individual team members.’

‘Very personable, highly responsive to client needs, anticipate issues in advance, highly qualified, earn trust very quickly with expertise and character.’


Key clients

Agrana Beteiligung-AG


American Express



Calm Storm Management

Deutsche Bank AG

Deutsche Lufthansa AG

Erste Group Bank AG

European Federation of Energy Traders

Goldman Sachs

immigon Portfolioabbau AG i.A.

J. P. Morgan

Mayr-Melnhof Holz Holding AG


Raiffeisenlandesbank Niederösterreich-Wien AG

Raiffeisen Bank International AG

Red Bull

Schoellerbank AG

UniCredit Bank Austria AG


Volksbank Wien AG

Volkskreditbank AG

Wienerberger AG

Work highlights

  • Advised UniCredit Bank Austria, ING Bank NV, Erste Group Bank AG, Raiffeisenbank International AG and Commerzbank AG as sole coordinator, documentation agent, bookrunner and mandated lead arranger on the revolving syndicated facility for Wiener Stadtwerke GmbH.
  • Advised Bitpanda in connection with a corporate restructuring.
  • Advised Wienerberger AG on a €700m bridge term loan facility agreement arranged by Erste Group Bank AG, Commerzbank Aktiengesellschaft, Danske Bank A/S and UniCredit Bank Austria AG.

Wolf Theiss Rechtsanwälte GmbH & Co KG

Instructed by national and international financial institutions, financial investors, project sponsors and international companies, Wolf Theiss Rechtsanwälte GmbH & Co KG offers a wealth of experience in domestic as well as cross-border real estate and renewable energy financings and shows proficiency in regulatory matters concerning the implementation of digital business models. Described as ‘an absolute superstar in her field’, Andrea Gritsch leads the banking and finance team with a practice that encompasses compliance, investments and M&A within the financial services sector, and refinancing matters. Both Gritsch and Andreas Schmid, who heads the firm-wide projects team and combines expertise in finance and corporate law, are especially recommended for their track record of handling complex cross-border mandates. Markus Heidinger is another key contact, as are Marika Lomashvili and Leopold Hoeher, who advise on financing and restructuring transactions.

Practice head(s):

Andrea Gritsch

Other key lawyers:

Leopold Hoeher; Markus Heidinger; Andreas Schmid; Marika Lomashvili


‘Good team that provides highest quality work. Andrea Gritsch is a strong individual.’

‘Andrea Gritsch is an absolute superstar in her field. Very knowledgeable about the law and very well connected.

‘The team from Wolf Theiss is always reachable and their responses are quick and accurate. ’


Key clients

Deutsche Telekom AG


Raiffeisen Bank International AG

Raiffeisenlandesbank Oberösterreich AG

DC Bank AG

Altor Equity Partners


Work highlights

  • Advised Deutsche Telekom and Magentaon all legal aspects regarding its joint venture with global infrastructure investor Meridiam.
  • Advised multiple counterparties of Sberbank on the recovery of funds and/or the termination of the customer relationship with Sberbank Europe and/or its local subsidiaries following the Russian invasion of Ukraine, related sanctions on the Sberbank Group, and the subsequent wind-down of Sberbank Europe and its local subsidiaries.
  • Advised private equity investor Altor Equity Partners on behalf of Altor Funds on the signing of an agreement to acquire an 80% majority stake in Kommunalkredit Austria.

Cerha Hempel

Praised by clients for ‘consistently showcasing exceptional legal expertise’, Cerha Hempel is instructed by both lenders and borrowers and operates across a wide spectrum of matters encompassing financial services regulation, restructurings, as well as green loans and acquisition financings. The team is jointly steered by Peter Knobl, who is praised by clients for his ‘remarkable level of dedication and legal acumen’, corporate finance expert Volker Glas, and Thomas Zivny, who specialises in project finance with a particular focus on the real estate sector.

Practice head(s):

Peter Knobl; Volker Glas; Thomas Zivny

Other key lawyers:

Christian Eichinger


‘Extraordinary knowledge.’

‘Peter Knobl is the best in Vienna.’

‘Cerha Hempel consistently showcases exceptional legal expertise, especially when navigating Austrian local laws. Their profound knowledge of Austrian legal intricacies is highly commendable. What truly distinguishes Cerha Hempel is their commitment to staying current with legal developments, providing clients with guidance in a rapidly changing legal environment. Furthermore, their talent for simplifying complex legal concepts greatly enhances collaboration with our team.’

‘Peter Knobl consistently demonstrated a remarkable level of dedication and legal acumen. His accessibility and responsiveness have been invaluable. This level of availability and willingness to engage in open and constructive dialogue has fostered a highly productive working relationship, based on trust and collaboration.’


Key clients

Erste Group Bank AG

CYRRUS, a.s.


Commerzbank AG Frankfurt Head Office

RHI Magnesita GmbH

Commerzbank AG, Austrian branch

Realotel entities

UniCredit Bank Austria AG

Kommunalkredit Austria AG


Work highlights

  • Advised DVAG on entering into a brokerage agreement with INFINA Credit Broker AG.
  • Advised Erste Group Bank AG on the refinancing of the Stop Shop portfolio of IMMOFINANZ AG in Austria.
  • Advised the EU licensed investment firm CYRRUS, a.s. on establishing an Austrian representative office and on the potential expansion of its business activities by acquiring a stake in an Austrian licensed bank and by applying for an investment firm’s licence.

CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH

CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH‘s team is highlighted for its ‘solution-oriented, pragmatical approach’ and advises across the whole spectrum of transactional and regulatory matters, placing a particular focus on acquisition finance, corporate lending, project finance and distressed debt trading. The team is led by the ‘very well-established finance lawyer’ Günther Hanslik alongside Martin Zuffer, whose broad practice spans across financial, corporate, and capital markets law. Financing expert Stefan Paulmayer is another important team member, as is Marcell Clark, who specialises in real estate and cross-border transactions.

Practice head(s):

Günther Hanslik; Martin Zuffer

Other key lawyers:

Stefan Paulmayer; Marcell Clark


‘Very good knowledge of the matter, always very solution-oriented, pragmatical approach, which banks and clients very appreciate especially if time is critical.’

‘It is always a pleasure to work with Stefan Paulmayer. He has an excellent knowledge of the legal matter and good understanding of the real estate industry.’

‘The team is very approachable and easy to work with. They are very good with our customers and in finding balanced solutions.’

‘Günther Hanslik is a very well established finance lawyer with whom it is always a pleasure to work with. His experience paired with patience (including in challenging situations) and the creativity to always come to solutions acceptable to all parties make him a favorite choice. Stefan Paulmayer never loses the overview and always is in control of things.’

‘Günther Hanslik is always involved throught the whole process of deals.’

‘Highly experienced team, super responsive and supportive. Günther Hanslik is an excellent negotiator, always calm, friendly, but to the point.’


Key clients

Yildirim Holding

Mayr-Melnhof Holz Holding

UniCredit Bank Austria


Development Bank of Austria

Erste Group Bank

Raiffeisen Bank International AG

Green Source

Kommunalkredit Austria AG

Work highlights

  • Advised the Mayr-Melnhof Group on the sale of its two packaging sites in Russia.
  • Advised UniCredit Bank Austria AG and Erste Group Bank AG in connection with the financing of the purchase of shares in an online furniture store.
  • Advised Erste Group Bank AG on the financing of the acquisition of a German industrial park.

E+H Rechtsanwälte GmbH

E+H Rechtsanwälte GmbH delivers ‘excellent work’ with well-rounded experience in financial restructuring as well as in acquisition financings. The team has a particular focus on the renewable energy sector and is jointly led by Peter Winkler, who excels in finance transactions, capital markets, and M&A, and by Marcus Benes, who handles international financings in addition to providing advice on structured finance products. Acting in various acquisition and real estate financing transactions, Laurenz Liedermann is recommended by his international clients for his ‘knowledge of the peculiarities of Austrian law’. Karoline Hofmann was promoted to partner in July 2023.


Practice head(s):

Peter Winkler; Marcus Benes

Other key lawyers:

Laurenz Liedermann; Karoline Hofmann


‘Deliver excellent work, good international networking, and competent advice even in complex transactions.’

‘E+H is a reliable and experienced partner for financing transactions.’

‘We especially appreciate Laurenz Liedermann for his practical approach and his knowledge of the peculiarities of Austrian law.’


Key clients


Wiener Stadtwerke

Brisen Group

Erste Goup

Wiener Wohnen

Work highlights

  • Advised Altor Funds on the financing of the acquisition of a majority stake in VTU Group GmbH.
  • Advised Brisen Development on the refinancing of a development facility for the construction of the Mandarin Hotel on the former commercial court in the city of Vienna.
  • Advised Santander Bank Polska S.A. on a refinancing transaction involving a facility supported by an OeKB guarantee.

Fellner Wratzfeld & Partners

Clients note that Fellner Wratzfeld & Partners‘s team, which stands under the leadership of transactional expert Markus Fellner alongside Gregor Schett and Florian Kranebitter, is ‘always up to date with the latest developments in the banking sector’. The group operates with a focus on serving clients in the real estate, IT and payment services sectors, and its expertise extends across regulatory advice, debt finance matters and restructurings. Schett heads the firm’s dispute resolution team and focuses on commercial litigation in banking-related disputes, while Kranebitter's broad practice is particularly concentrated on cross-border finance.

Practice head(s):

Markus Fellner; Gregor Schett; Florian Kranebitter

Other key lawyers:

Stefan Adametz


‘A trusted one-stop-shop law firm with brilliant lawyers and great expertise. Communication with the firm is very efficientand they are our go-to law firm for various matters. It is particularly noteworthy that the team is always up to date with the latest developments in the banking sector and also has the necessary breadth and depth to complete projects efficiently. The firm offers not only its expertise, but also exceptional strategic planning and negotiating skills. A great team! ’

‘Markus Fellner is an excellent partner.’

‘Stefan Adametz – high level of know-how, understanding of our business, understanding of complex situations and good composition of the team, which covers all legal and social issues. Good handling of new media.’

‘Florian Kranebitter is very customer-oriented and has exceptional knowledge of the industry. ’

‘The team is characterized by outstanding expertise in all areas. Quickest solutions available.Very broadly based in terms of expertise. ’

‘Markus Fellner – long-standing professional, excellent cooperation.’


Key clients

Bertsch Energy

Kommunalkredit Austria AG

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft

UniCredit Bank Austria AG

VIG Re zajišťovna, a.s.

Work highlights

  • Advised Target Kommunalkredit Austria AG on the acquisition of an 80% majority stake in Kommunalkredit by Swedish private equity investor Altor.
  • Advised Bertsch Energy GmbH & Co KG in connection with the conclusion of a standstill agreement regarding the existing bank financing including the provision of collateral and the granting of a bridge loan.
  • Advising UniCredit Bank Austria in connection with the enforcement of its substantial minority rights as a shareholder of the 3Banks Group.

Baker McKenzie Rechtsanwälte LLP & Co KG

Praised for their ‘outstanding legal expertise’, the financing experts at Baker McKenzie Rechtsanwälte LLP & Co KG work seamlessly with the firm’s many global offices to handle high-volume financings and provide clients with advice on both regulatory issues as well as cross-border transactions. Co-lead Georg Diwok’s focus areas include financial disputes, regulatory law and licensing matters, while the ‘experienced and well-organized’ Robert Wippel covers acquisition, project and real estate finance and offers niche experience handling aircraft financing mandates.

Practice head(s):

Georg Diwok

Other key lawyers:

Robert Wippel


‘Good local team. A great asset is the close cooperation with the team in London.’

‘Robert Wippel is experienced and well organized.’

‘Excellent at providing innovative solutions.’

Key clients

Accenture GmbH

Amundi Austria GmbH

Raiffeisen Bank International AG

Work highlights

  • Advised an Austrian energy company on a €1.3 billion financing project in the renewable energy sector.
  • Advised Swiss bank on the €300m debt restructuring of an Austrian real estate company.
  • Advised Accenture GmbH on financial regulatory and outsourcing matters in connection with the acquisition of ARZ Allgemeines Rechenzentrum GmbH.

DSC Doralt Seist Csoklich Rechtsanwälte GmbH

DSC Doralt Seist Csoklich Rechtsanwälte GmbH‘s team is described as’ a powerhouse of legal talent’ and operates across the whole spectrum of banking work, with notable experience in cross-border financings, litigation, and advice on market entries. The team is jointly steered by Markus Kellner, who is recommended by clients for his ‘deep economic understanding and strategic acumen’, and Christoph Diregger, with both exemplifying the team’s broad practice. Fabian Liebel is another key contact and regularly represents clients before the Austrian Supreme Court as well as the European Court of Justice.

Practice head(s):

Markus Kellner; Christoph Diregger

Other key lawyers:

Fabian Liebel


‘The team is my go-to choice for banking law issues. It consists of highly knowledgeable, academically outstanding experts. Moreover, they understand our economic environment, are proactive, very client focused and highly responsive in all circumstances. In addition, they are very adept in matters involving EU law.’

‘Markus Kellner leaves no stone unturned to secure the best possible outcome for his clients. He is the top-choice lawyer for complex issues, matters with technical difficulties or tricky, unprecedented legal questions. He has a quick grasp and strong comprehension of any situation, is gifted with incredible foresight and very detailed focused while always having the big picture in sight.’

‘The team is a powerhouse of legal talent. Their strengths include a deep understanding of not only the legal intricacies but also the nuanced business aspects of our industry. Their ability to provide commercially sound advice, coupled with their extensive industry knowledge, ensures that they are always a step ahead in addressing our needs.’

‘Markus Kellner’s expertise extends beyond the boundaries of the legal field. His deep economic understanding and strategic acumen make him an invaluable asset in not only resolving legal disputes but also in shaping our long-term business strategy. His dedication to keeping us informed about legal developments and his direct communication style ensure that we are always well-prepared.’

‘The team unites high-level skills on complex matters, is remarkably responsive and able to deliver impeccable results on tight schedules. Based on their extensive experience, they are used to work with international players and understand exactly the key issues of any matter. Further, they are available, truly client focused and understand our priorities.’

‘Markus Kellner a wizard in his field. He knows the banking sector inside out, is extremely knowledgeable and, thus, very clever when it comes to out of the box solutions. He is very meticulous, eloquent and a hard worker. What makes him an invaluable partner is that Kellner understands our business needs, is a gifted strategist and advances our matters efficiently. He is someone whose judgment we can truly trust.’

‘Very good expertise.’

‘What sets Christoph Diregger and his team apart is that he combines premier expertise in both banking & finance as well as corporate and M&A. The team’s advice is legally impeccable and very business savvy, they’re up to date on legal developments.’

Key clients

Bank für Tirol und Vorarlberg AG


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

ERSTE Bank der Österreichischen Sparkasse AG

Österreichische Ärzte- und Apothekerbank AG

Raiffeisen Bank International AG

Raiffeisen Centro Bank AG

S Immo AG

UniCredit Bank Austria AG

Wiener Privatbank SE

Work highlights

  • Represented members of the Austrian banking industry in litigation regarding losses stemming from foreign currency loans following ECJ case law such as Dziubak.
  • Advised several Austrian banks in a precedent-setting ECJ/Austrian Supreme Court case involving lawsuits for the reimbursement of loan processing fees in the case of early loan repayments.
  • Represented around 400 banks in lawsuits by a consumer protection agency regarding credit payment deferrals during the COVID-19 pandemic in a case that went to the Austrian Supreme Court and Austrian Constitutional Court.

Herbst Kinsky Rechtsanwalte GmbH

Herbst Kinsky Rechtsanwalte GmbH provides comprehensive advice on market entries, asset and acquisition financing, and refinancings. Christoph Wildmoser, who leads the team alongside Christoph Herbst and Wolfgang Schwackhöfer, is also capable of advising on aviation financings. Herbst’s practice extends to the full range of banking and capital markets law, including regulatory matters as well as litigation, while Schwackhöfer primarily advises banking clients on their entry into the Austrian market.

Practice head(s):

Christoph Herbst; Wolfgang Schwackhöfer; Christoph Wildmoser


‘The work of Wolfgang Schwackhoefer and his team is always on point, timely, responsive and based on a high level of professionalism. It is simply fun to work with Wolfgang.’

Key clients

Egeria Capital Beheer B.V.

Banco Santander


DPE Deutsche Private Equity


Interbridge Europe u. Raisin Bank

Mondu GmbH + Raisin Bank

UniCredit Bank Austria


Apera Asset Managemnet

Work highlights

  • Advised DPE Deutsche Private Equity in connection with the DPE Continuation Fund I and the related amendment of existing financing through a €780m continuation fund.
  • Advised Invision AG on the financing of the acquisition of the Austrian eduPRO Group from Luxempart German Investments S.A..
  • Advised Egeria, a family-owned pan-European investment company, on a €112m financing for the acquisition of Isoplus group.

PHH Rechtsanwält:innen GmbH

PHH Rechtsanwält:innen GmbH under the lead of Annika Wolf is well known for advising on debt finance transactions in the trade, real estate, and infrastructure sector and has a track record of supporting clients with a range of project financings. The team’s workload includes advising on refinancings and mezzanine loans as well as on financings for production facilities in the renewable energy sector. Lisa Urbas is a key contact for sustainable lending matters, while Wolfram Huber has a specialism in aviation law as part of his broad practice. Dominik Kurzmann and and former co-lead Lukas Röper both left the firm in February 2023.

Practice head(s):

Annika Wolf

Other key lawyers:

Wolfram Huber; Lisa Urbas


‘Good coverage in all core practice areas and products. Highly responsive, commercial and pragmatic, the perfect allies for getting the job done.’

‘Wolfgang Huber stands out.’

‘ The team works perfectly, they are fast and very experienced, and also very friendly. ’

Key clients

Akf bank GmbH

Banca Comercială Română S.A.

Bank of Communications Co. Ltd.



HYPO NOE Landesbank für Niederösterreich und Wien AG

ING Bank N.V.

Kommunalkredit Austria AG


Marktgemeinde Kreuzstetten

Mayr-Melnhof Karton AG

Meridiam Investment GmbH


Pegasus Capital Partners GmbH

RML Infrastruktur GmbH

Trodat Gruppe

Unicredit Bank AG

Work highlights

  • Advised a consortium of banks including Unicredit Bank AG on the €5.2bn financing of the acquisition of 51% of Deutsche Telekom’s radio tower business.
  • Advised Kommunalkredit Austria AG on the €37.5m financing of a PV plant in Hungary.
  • Advising Mayr-Melnhof Karton AG on a €190m OeKB-backed financing of the acquisition of a cardboard and paper mill in Poland.

bpv Hügel

Recommended by clients for their ‘very solution-oriented and hands-on approach’, bpv Hügel‘s team is geared to handle an array of financing transactions, including asset, project, acquisition and trade financings. The firm regularly advises on lending arrangements in connection with energy, infrastructure, construction and real estate projects and also noted for its capabilities in refinancing work and its extensive regulatory expertise. Ingo Braun  and Stefan Gaug head up the team and both have a track record of handling cross-border finance transactions. Daniel Reiter left the firm in April 2023.

Practice head(s):

Ingo Braun; Stefan Gaug

Other key lawyers:

Christoph Nauer


‘Christoph Nauer is an excellent lawyer with practicable advice.’

‘They respond rapidly and are open to suggestions. ’

‘The team has a very solution-oriented and hands-on approach. They definitely know their stuff.’

‘Ingo Braun has a deep knowledge of relevant legal concepts and interpretations of law and court rulings; perfect sparring partner in banking & finance transactions and regulatory banking matters. ’

Key clients


dogado Group

Standard Chartered Bank, New York Branch


CMC Markets

Raiffeisen Holding

Raiffeisenlandesbank NÖ-Wien AG

Valneva SE

RWA Raiffeisen Ware Austria AG

Work highlights

  • Advised Standard Chartered Bank (New York Branch) on the amendment of a $200m green finance credit line.
  • Advised IMMOFINANZ AG on a €340m intra-group long-term senior facility agreement with CPI Property Group.
  • Advised a group that is active in the financing and implementation of photovoltaic plants in Austria, Germany, Italy, the Netherlands, France, Chile and Romania on a bridge financing, including collateral agreements, adjustment of the financing, and prolongation.

BRANDL TALOS Attorneys at law

BRANDL TALOS Attorneys at law is sought out by banks, insurance companies, payment service providers and international financial service providers as well as investment funds for its notable strength in regulatory matters, especially in relation to innovative payment models and proceedings of the Financial Markets Authority. Exemplifying this focus in particular is ‘the go-to person for regulatory financial markets issues’, Raphael Toman, who spearheads the team alongside banking, capital markets and dispute resolution expert Ernst Brandl.

Practice head(s):

Ernst Brandl; Raphael Toman


‘Very focused on clients and their needs.’

‘I work with Raphael Toman. He has a very broad, in-depth knowledge in all financial matters. I really enjoy working with him and his team.’

‘Raphael Toman is extremely reactive and has a profound knowledge of the finance sector. His advice is straight to the point.’

‘We can highly recommend the firm for complex capital market law matters and contractual implementations.’

‘Special features are the high professional competence and precise implementation of requirements.’

‘Extensive knowledge of regulatory issues in Austria, working very responsive and solution-oriented.’

‘Raphel Toman is the go-to person for regulatory financial markets issues.’

‘Raphael Toman is an excellent expert in the banking and finance industry and has a high level of expertise in this area. ’

Key clients


Raiffeisenverband Salzburg eGen

UniCredit Bank Austria AG

card complete Service Bank AG

UNIQA Capital Markets GmbH

Schoellerbank Aktiengesellschaft

Liechtensteinische Landesbank (Österreich) AG

Kärntner Sparkasse AG

BNP Paribas SA

BNP Paribas Factor GmbH

N26 GmbH

Santander Consumer Bank GmbH

Convotis GmbH

Simmons & Simmons LLP

Work highlights

  • Advised Convotis on a €40m facilities agreement with Muzinich & Co. regarding all Austrian aspects of the financing.
  • Advised an Austrian bank on its acquisition of promissory notes and on assessing the documentation under German law and its consequences for the client.
  • Advised a national bank on the implementation of Environmental Social Governance requirements in the securities business and defended the bank following an on-site visit by the FMA.

DLA Piper Weiss-Tessbach Rechtsanwälte GmbH

Leveraging the firm’s global network, DLA Piper Weiss-Tessbach Rechtsanwälte GmbH regularly acts for international financial institutions on cross-border financings for projects in the energy and infrastructure sector as well as on regulatory, sanctions-related, and corporate matters. Marcell M. Németh, previously at Wolf Theiss Rechtsanwälte GmbH & Co KG, took over as head of the finance and projects group from Oskar Winkler in April 2024, while the team’s new CEE English law hub is led by Jasna Zwitter-Tehovnik, who is a key contact for international clients and handles the full gamut of debt finance matters.

Practice head(s):

Jasna Zwitter-Tehovnik; Marcell M. Németh

Other key lawyers:

Alexander Schultmeyer; Oskar Winkler


‘Very good cross-border team, outstanding performance with good coordination skills. ’

‘Very good understanding of our needs, and even pointing out aspects that we had not taken into account, that have improved our position during the negotiation process. Jasna Zwitter-Tehovnik has an absolute brilliant cross-border team!’

‘Good international focus. In-depth knowledge of legal issues related to the practice. Correct advice showing alternatives to achieve the objective. Right approach in negotiations.’

‘Practice-oriented advise, short response time and good availability.’

‘Jasna Zwitter-Tehovnik is experienced in international financing transactions and gives practice-oriented advise.’

‘A complex, diverse knowledge base, with a legal, financial and economic perspective, which can be drawn upon at all stages and in all areas of a transaction.’

‘Clearly outlined options in a decision situation, outlining their legal, financial and tax implications, advantages and disadvantages. Not just legal representation, but real support.’

Key clients

International Finance Corporation

Government of Kyrgyzstan

Oldenburgische Landesbank AG


Raiffeisenlandesbank Niederösterreich Wien AG

Deere & Company

Bepoda GmbH

Österreichische Kontrollbank AG

Oldenburgische Landesbank AG


Schelcher Prince Gestion


Deutsche Pfandbriefbank AG

DC 3 PropCo GmbH & Co KG

Work highlights

  • Advised Bepoda GmbH on the acquisition of 100% of the shares in the Sber Vermögensverwaltungs AG in Abwicklung from a sanctioned entity.
  • Advised a consortium of commercial banks including Oldenburgische Landesbank AG, AkquiVest and Raiffeisenlandesbank Niederösterreich Wien AG on the structuring of an acquisition financing for EduPro Group.
  • Advised Deere & Company on the financing aspects of an acquisition, with a focus on the structure of the debt repayment, taking into account various restructurings and the repayment of loans to banks and capital funds.

Greenlake Legal

Recommended for cross-border transactions, financial restructurings and expert advice on ESG-related topics, Greenlake Legal counts corporate clients as well as banks, funds, and sponsors in its client base. The team is steered by Michael Raninger alongside Erik Hödl, both of whom cover a broad spectrum of secured and unsecured financial transactions and are highlighted by clients as ‘experts in their field’.

Practice head(s):

Michael Raninger; Erik Hoedl


‘Competence in all topics.’

‘Knowledgable and very good at client handling.’

‘Michael Raninger and Erik Hoedl are experts in their field. They are very good at handling international transactions and a pleasure to work with.’

Key clients

AMAG Austria Metall

Ardo Foods

Avenue Capital

Conscio Holding

Constantia Flexibles



ITOCHU Corporation

Mizuho Bank


Work highlights

  • Advised Semperit on a €250m ESG-linked syndicated term and revolving credit facility.
  • Advised Greiner on its €172m inaugural ESG-linked bonded loan.
  • Advised Constantia Flexibles on the issuance of €225m bonded loan with an ESG feature.

Jank Weiler Operenyi

As a member firm of global legal network of Deloitte, Jank Weiler Operenyi acts across a wide array of domestic and international financing transactions and is also capable of handling regulatory matters in connection with insurance and financial services law. Disputes are another strength of the team and primarily fall under the remit of Bernhard Köck, who leads the litigation department. Head of the banking regulatory group Maurizia Anderle-Hauke is well versed in cross-border transactions and matters related to payment services. Andreas Jank leads the banking and finance team alongside real estate expert Gabriele Etzl.

Practice head(s):

Andreas Jank; Gabriele Etzl; Bernhard Köck; Maurizia Anderle-Hauke


‘Perfect in the area of ​​financing & restructuring.’

‘Easy accessibility, high level of expertise, very solution-oriented.’

Key clients

Austrian Anadi Bank AG

Hypo Tirol Bank AG

Raiffeisen Bezirksbank Kufstein eGen

Sparkasse Kufstein Tiroler Sparkasse von 1877

UniCredit Bank Austria AG

Waldviertler Sparkasse Bank AG

Armacell International S.A.

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft

Erste Bank der österreichischen Sparkassen AG

Elk Group S.à.r.l.

Telefonica Tech

Work highlights

  • Advised Armacell International S.A. on the acquisition of 100% of the shares in Austroflex Rohr Isoliersysteme GmbH.
  • Advised Elk Group and the co-investors VARIO-BAU, Wolf Systembau, Hartl Haus, GENBÖCK, and Griffner Haus on the acquisition of Musterhauspark GmbH as well as on the acquisition of two major real estate properties from IKEA used for show housing purposes.
  • Advised a Bank consortium encompassing UniCredit Bank Austria AG, Austrian Anadi Bank AG, HYPO TIROL BANK AG, Raiffeisen Bezirksbank Kufstein eGen, and Sparkasse Kufstein Tiroler Sparkasse von 1877 as well as factoring financiers ABN AMRO ASSET BASED FINANCE N.V. and Intermarket Bank AG on the financial restructuring of Aqipa group.

SAXINGER Rechtsanwalts GmbH

SAXINGER Rechtsanwalts GmbH‘s areas of expertise include real estate, construction and project financing as well as advice on crowd investment platforms, with the latter making up a cornerstone of practice head Immanuel Gerstner and Lukas Leitner's portfolios. Regulatory expert Clemens Harsch offers ‘exceptional competence in banking and capital market law’, while Franz Mittendorfer handles a large number of the team’s financing and M&A mandates. Thomas Ruhm left the firm in April 2023.

Practice head(s):

Immanuel Gerstner

Other key lawyers:

Lukas Leitner; Clemens Harsch; Franz Mittendorfer


‘Very competent team. Always reliable and very service-oriented.’

‘The lawyers have excellent expertise. The first contact with the firm is always nice and courteous. Issues are referred and handled quickly. They cover many fields of law.’

‘The legal questions at hand are answered quickly and competently. The expertise of Clemens Harsch is particularly noteworthy. He has exceptional competence in banking and capital market law and his commitment is outstanding. The cooperation with Clemens Harsch is always professional and can be recommended.’

‘I am very satisfied with all the services provided by the firm. ’

‘I especially appreciated the availability and the competent advice.’

‘Clemens Harsch: very accessible, quick and practical solutions, responsive to special requests and very friendly.’

‘They are very competent partners regarding banking and finance. They have good connections to authorities, a very good network within the banking and finance sector and to academic.’

‘Clemens Harsch is an expert in his field. His work stands out because he is always available for his clients. He gives you the feeling that your problem is his most important task. Documents are drafted very fast.’

Key clients

Raiffeisen Landesbank Steiermark AG

IFA Institute für Anlageberatung AG

Hexagon Purus ASA

Hexagon Composites ASA

IFA Invest GmbH

Federal State of Upper Austria

WBBS International GmbH

Strenia engineering & invest GmbH


DF IOTA Holding GmbH

Freihof Project Development GmbH

Planquadr.at Klosterpark Holding GmbH

SoHotel Linz GmbH

Schnirchgasse KG

Raiffeisen-Landesbank Steiermark AG

Oberösterreichische LandesbankAktiengesellschaft

LIGMA Lead Invest Management GmbH

Municipality of Linz

DFBG 1-3 Projektentwicklungs GmbH & CoKG

Work highlights

  • Advised Raiffeisen-Landesbank Steiermark on the restructuring of its IT infrastructure division, with a focus on banking law issues arising from the associated spin-off of banking activities.
  • Advised several issuers on financings and related bonds issuances distributed via an online portal.
  • Advised a company on the structuring of two unique investment models, namely for a hotel and a mixed-use project, both located in Salzburg.

Rautner Rechtsanwälte GmbH

Work in the renewable energy space represents a core strength of Rautner Rechtsanwälte GmbH‘s practice, which primarily focuses on syndicated lending, project and real estate finance, and regulatory matters. Uwe Rautner heads the team and offers his clients ‘profound knowledge of the finance industry’, while René Semmelweis covers litigation matters and is experienced in both banking and capital markets law.

Practice head(s):

Uwe Rautner

Other key lawyers:

René Semmelweis


‘Uwe Rautner has a profound knowledge of the finance industry. He is able to translate and communicate complex problems to lawyers and non-lawyers.’

‘In my opinion, the firm’s core philosophy is about understanding the unique needs of each client and providing personalized legal solutions. They prioritize open communication and close collaboration to achieve the best outcomes. Rautner distinguishes itself through its deep specialization and proactive problem-solving. The team’s client-centric focus ensures that each client receives a unique and tailored legal experience.’

‘What sets Uwe Rautner apart from others is not merely his profound legal knowledge, but his remarkable ability to translate it into practical solutions. He approaches each challenge with a keen eye for detail and a creative problem-solving mindset, consistently delivering results that exceed expectations. ’

Key clients

UniCredit Bank Austria

Erste Group

Erste Bank

Banco Santander

Windkraft Simonsfeld

BNP Paribas, Austrian Branch

oekostrom AG

WEB Windenergie

KIC Innoenergy


Arca Investments

Work highlights

  • Advised WEB Windenergie and Erste Bank in connection with various project financings relating to wind parks and photovoltaic plants.
  • Advised Windkraft Simonsfeld AG on a potential joint venture with Enery Power Holding GmbH regarding a wind project with a total potential capacity of 142.4 MW located in Romania.
  • Advised Verbund AG, a producer of hydropower electricity, on contracting models under the ‘Ernerubaren-Ausbau-Gesetz’.

Taylor Wessing enwc Rechtsanwälte GmbH

Demonstrating ‘outstanding expertise in the realm of banking and finance’, the team at Taylor Wessing enwc Rechtsanwälte GmbH benefits from the diverse expertise gathered in the firm’s numerous global offices and excels in advising on sustainability-linked and cross-border lending arrangements in connection with M&A and private equity deals. The team, which is led by Claudia Steegmüller, counts banks, financial services providers and alternative investment fund managers in its client base and also maintains a regulatory offering in addition to its debt finance focus.

Practice head(s):

Claudia Steegmüller

Other key lawyers:

Philip Hoflehner


‘Taylor Wessing’s team showcases outstanding expertise in the realm of banking and finance, having a great understanding of its intricate landscape. The firm’s international network supports us domestically and internationally. Their legal guidance has proven invaluable in addressing complex matters spanning in different fields. They are not just a partner, but a vital asset to our ongoing success.’

‘Claudia Steegmüller is our dedicated contact point for all banking and finance matters. Her legal acumen and unwavering attention to detail have reshaped our financial strategies. With Claudia, navigating complexity feels effortless, and she always keeps the bigger picture in focus.’

‘Excellent banking and finance practice. Partner attention is very good, with hands-on follow-up. ’

‘Philip Hoflehner is a top-level banking and finance lawyer who has handled a number of complex financing arrangements for us over the years. He leads small and highly efficient teams and is very hands-on. He is also a pleasure to work with. ’

Key clients


Credit Suisse

Hamburg Commercial Bank

Hellmann Worldwide Logistics

Raiffeisenbank Region Fehring

VR Bank Niederbayern Oberpfalz


Warimpex Finanz und Beteiligungs AG

Vetter Pharma


Norske Skog


Kreissparkasse Esslingen-Nürtingen

Work highlights

  • Advised Credit Suisse Bank on settling and closing its Austrian branch.
  • Advised Vetter Pharma on a €275m syndicated financing, coordinating with the German team to provide essential legal and regulatory advice in Austria to ensure compliance with local laws and regulations.
  • Advised on a multi-jurisdictional transaction involving local collateral packages and patent matters for an aerospace technology company, collecting input from twelve covered jurisdictions.

Völkl Rechtsanwälte GmbH & Co KG

Noted in the market for its expert advice on regulatory matters, the team at Völkl Rechtsanwälte GmbH & Co KG has a strong track record of representing banking clients before national authorities and the European Central Bank. Clemens Völkl heads the team and regularly supports corporate clients in the energy sector with high-volume financing projects, while Philipp Frenzl handles large refinancing transactions, securities litigation, and a range of regulatory proceedings.

Practice head(s):

Clemens Völkl

Other key lawyers:

Philip Frenzl


‘Clemens Völkl is an exceptionally good lawyer.’

‘The team has substantial experience, especially in real estate finance and restructuring. Its stand-out capabilities lie in regulatory matters. In our case, their regulatory and commercial law expertise significantly improved our negotiation position.’

‘Clemens Völkl has an excellent reputation. His regulatory skills and business acumen for financial institutions benefit us greatly in financial litigation.’

Key clients

Bundespensionskasse AG

Zürcher Kantonalbank Österreich AG

NN Group N.V.

K&N Prime Yield Corporation

GEWOG Gemeinnützige Wohnungsbau- Gesellschaft m.b.H

„Neue Heimat“ Gemeinnützige Wohnungs- und Siedlungsgesellschaft GmbH

Hutchison Drei Austria GmbH


Dornbirner Sparkasse Bank AG


Kommunalkredit Austria AG

Austrian Chamber of Commerce

Work highlights

  • Advised Zürcher Kantonalbank Österreich AG on the structuring of general terms and conditions and banking contracts.
  • Advised KA Finanz in connection with the sale of its loan portfolio.
  • Advised multiple Austrian banks, insurers and pension funds on outsourcing services.

Weber & Co. Attorneys-at-Law

Weber & Co. Attorneys-at-Law is a boutique firm that primarily provides advice on sustainable financings and debt restructurings. The team’s workload also regularly includes contentious and regulatory matters, with practice co-head Stefan Weber acting a key contact for hte latter. Praised by clients for his ‘outstanding ability to grasp highly complex legal matters’, co-head Philipp Baubin has special experience in cross-border acquisition finance and syndicated lending transactions.

Practice head(s):

Stefan Weber; Philipp Baubin


‘They have a strong debt finance practice with much cross-border work.’

‘Philipp Baubin is a great lawyer, fantastic to work with, a good problem solver, and very practical.

‘Well respected team, always top of things. Help to get the deal done.’

‘Philipp Baubin has an outstanding ability to grasp highly complex legal matters and to find practical solutions.’

‘Phillip Baubin stands out due to his kindness with the clients and his capacity to bring different and creative solutions for the transactions he is involved.’

‘Weber & Co is a highly recommended law firm due to the knowledge of its lawyers in aspects related to Austrian law and their responsiveness to clients needs.’


Key clients

COFAG – Covid-19 financing agency of the Republic of Austria

Raiffeisen Bank International AG

Raiffeisen Landesbank Oberösterreich



Wolford AG

Commerzbank AG

KA Finanz AG


Vienna Insurance Group AG

Erste Group Bank AG

Work highlights

  • Acted for the lenders on the amendment and restatement of a syndicated €200m facilities agreement.
  • Advised FACC on an amendment and restatement of its existing €225m facilities agreement, encompassing OeKB export investment and equity financing and two bilateral €12.5m ancillary facilities.
  • Advised Suzano in connection with a $600m loan agreement and an up to $1.2bn guarantee agreement under Austrian law.

Graf Patsch Taucher Rechtsanwälte

Under the lead of Bernd Taucher, who offers clients ‘great analytical and negotiation skills’, the banking and finance practice at Graf Patsch Taucher Rechtsanwälte is capable of handling the full range of transactional work and is also instructed by clients to handle financial regulatory matters. The team's portfolio encompasses corporate and acquisition finance transactions, syndicated loan agreements, and advice on project financings.

Practice head(s):

Bernd Taucher


‘The Team of Graf Patsch Taucher works very smoothly, even on large transactions. I was always very happy with their performance, responsiveness and their ability to draft and negotiate international finance agreements in large volume. Bernd Taucher is very quick, has great analytical and negotiation skills and is a perfect communicator.’

‘Bernd Taucher is an excellent lawyer with a longstanding international experience in corporate finance and M&A transactions.’

‘High-quality boutique firm which is our go-to counsel for Austrian corporate and finance matters. Advice always to the point and very efficient. Highly experienced team.’

Key clients

HEAD Group

UniCredit AG

Canopy Growth Corporation

EFS Consulting Gesellschaft m.b.H.

VISA Europe Limited

Fortegra Europe Insurance Company Limited


T-Centrum. CZ, a.s.

ResiGrass B.V

Permasteelisa S.p.A.

Easy2TaxFree GmbH

Borealis Group


APS Investment S.a.r.l.

LivinFarms Agrifood GmbH

Swiss Health & Nutrition AG

EFESO Consulting France SAS

Work highlights

  • Advised the HEAD Group on three corporate finance transactions with Deutsche Bank as lender, with a total value exceeding €200m.
  • Advised EFESO on the acquisition of the majority of shares in Tsetinis Consulting as well as on the financing elements of the acquisition.
  • Advised Canadian cannabis group Canopy Growth as Austrian counsel on the sale of the German/Austrian C³ Group to Dermapharm for €120m.

PFR Fritzsche Frank Fletzberger Rechtsanwälte GmbH

The team of PFR Fritzsche Frank Fletzberger Rechtsanwälte GmbH is recommended by clients for its ’deep knowledge of the banking regulatory framework’ and is also noted for offering deep expertise in the fintech sector. Bernd Fletzberger leads the group and has a particular focus on payment services law, allowing him to maintain close client relationships with banks, crypto asset service providers, and payment institutions.

Practice head(s):

Bernd Fletzberger


‘The focus is on pragmatic business law advice and innovative legal solutions for special issues.’

‘Deep knowledge of the banking regulatory framework combined with an understanding of the goals, processes and expectations of the regulator.’

‘Always up to date and leading on new developments in the industry.’

Key clients

Mona99 GmbH

Ria Financial Services Austria GmbH

Assetera Group

Kremser Bank


Julius Stiglechner Group

Raiffeisenlandesbank Kärnten – Rechenzentrum und Revisionsverband, reg. Gen.m.b.H.

Cardtronics Inc.


Biller B.V.

Boerse Stuttgart Group

Austrian Federal Economic Chamber

Federal Committee of Tobacco Manufacturers

Western Union International Bank GmbH

DIMOCO Carrier Billing GmbH


Delivery Hero

Work highlights

  • Represented Kremser Bank in a landmark Administrative Supreme Court ruling that clarified that providing portfolio management services for an investment fund may not be regarded as an individual portfolio management pursuant to MiFID II.
  • Advised Assetera GmbH on receiving an investment firm licence under the FMA’s ‘Regulatory Sandbox’ framework.
  • Advised Cardtronics Inc. on Austria’s ATM licencing and legal requirements for the provision of cash withdrawal services in Austria.