Capital markets in Austria

Binder Grösswang

The team at Binder Grösswang has 'broad and deep expertise', particularly in advising on bond issuance programmes and representing clients in approval procedures before the Austrian Financial Market Authority (FMA). The practice also handles the full spectrum of matters connected to capital increases, including structuring, announcing the premise to conduct a capital increase, addressing investors, drafting the prospectus, handling announcements and implementing the increase itself. Clients include many notable Austrian banks, among them Oberbank and Raiffeisen Wohnbaubank. Florian Khol stands out for his 'very high expertise in capital markets transactions'. He jointly heads the practice with  Michael BinderTibor Fabian and Stephan Heckenthaler.

Practice head(s):

Florian Khol; Michael Binder; Tibor Fabian; Stephan Heckenthaler

Testimonials

One stop shop, broad and deep expertise, very renowned firm, have the capacity to handle high-volume transactions, partners are highly available.

Florian Khol: very high expertise in capital markets transactions, highly available, provides practical solutions, truly understands the business.

Key clients

Verbund AG

BKS Bank

Oberbank AG

Steiermärkische Bank und Sparkassen AG

3-Banken Wohnbau AG

Raiffeisen Wohnbaubank AG

Hypo Wohnbaubank AG

Salzburger Landes-Hypothekenbank AG

BTV Bank für Tirol und Vorarlberg

Lenzing AG

Work highlights

  • Advised Commerzbank on the successful IPO of Frequentis.
  • Advised Oberbank on the structuring and updating of an issuance programme for bonds, in particular on the preparation of the capital market prospectus and the execution of the approval procedures before the Austrian Financial Market Authority.
  • Assisted Bank für Tirol und Vorarlberg with the implementation of a capital increase including a public offering in Austria, in particular the preparation of a prospectus and the approval procedure before the Austrian regulatory authority FMA.

Cerha Hempel

The team at Cerha Hempel is noted for its 'very good availability and reliability'. It handles a wide range of matters including distribution of structured products and securities under certificates programmes, issuing of corporate bonds, and relistings. Clients include banks, prominent real estate holding companies, investment firms, and listed companies. In recent highlights, the 'experienced, reliable and assertiveVolker Glas led a team that advised Goldman Sachs on its €100m distribution of structured products. The practice is jointly headed by Edith Hlawati and Clemens Hasenauer. Associate Christian Aichinger is also recommended for his 'very quick comprehension'. Peter Knobl and Thomas Zivny are other key names.

Practice head(s):

Edith Hlawati; Clemens Hasenauer

Testimonials

Dr. Peter Knobl – a specialist in his field who pays attention to detail.

The capital markets team stands out through excellent knowledge, very good availability and reliability, solution-oriented work, a very high level of language proficiency and moderate fees.

Volker Glas: very well-versed, experienced, reliable and assertive, incredible knowledge, a very pleasant person to work with.

Christian Aichinger: very quick comprehension as well as analytical skills, good negotiator.

Key clients

IMMOFINANZ AG

SPAR Österreichische Warenhandels-AG

ING Groep N.V. and ING Bank N.V.

First State Investments ICVC

First State Global Umbrella Fund

Otto GmbH & Co KG

Wiener Börse AG

CA Immo Ag

S Immo AG

Fosun Industrial Holdings Limited

Raiffeisenlandes-bank NÖ-Wien AG

RHI Magnesita N.V.

voestalpine AG

Frequentis AG

Goldman Sachs

Ithuba FinMill GmbH & Co KG

Work highlights

  • Advised Frequentis on its IPO in Vienna and Frankfurt.
  • Assisted Goldman Sachs with its distribution of structured products in a matter worth €100m.
  • Advised Otto GmbH & Co on the 2019 update of its €2bn debt issuance programme.

Weber & Co. Attorneys-at-Law

Weber & Co. Attorneys-at-Law's team bring its 'quick and to-the-point advice' to the full spectrum of equity and debt capital market matters, and the capital markets practice operates as part of the firm's corporate finance department. In recent work, it handled three parallel IPO transactions for clients from sectors including biotechnology. Other areas of strength are advising on corporate bond issuance, capital market publication obligations, and capital increases. Christoph Moser, who heads the practice jointly with Stefan Weber, is recommended for his 'very useful advice' and 'high availability'.

Practice head(s):

Christoph Moser; Stefan Weber

Testimonials

Deep knowledge, quick and to-the-point advice.

Christoph Moser provides very useful advice and high availability.

Key clients

Erste Group Bank AG

Goldman Sachs

Citi

OMV AG

S&T AG

Vienna Insurance Group (VIG)

Societe Generale

Wolford AG

Wienerberger AG

Raiffeisen Bank International AG

Deutsche Bank

Suzano Austria GmbH

JP Morgan

Work highlights

  • Assisted Erste Group Bank and goetzpartners securities with the successful IPO of Marinomed Biotech on the Vienna Stock Exchange.
  • Advised OMV on issuing €1bn worth of corporate bonds.
  • Assisted issuer Suzano Austria and guarantor Suzano group with the successful issue of $1bn 5.000 % senior notes due 2030 and $250m 7.000% senior notes due 2047.

Wolf Theiss Rechtsanwalte GmbH & CoKG

Wolf Theiss Rechtsanwalte GmbH & CoKG's team, which is headed by Nikolaus Paul, is singled out by one client as 'the leading law firm in debt capital markets law'. It has notable strength assisting with debt issuance and, testament to this, the 'solution-oriented' Claus Schneider led advice to BMI Securities on the issue of international bonds by the Republic of Srpska. Regulatory matters in the capital markets space is another area of strength. Other key names to note at the practice are Alexander HaasAndrea GritschMarkus HeidingerRichard Wolf and 'excellent senior lawyersChristine Siegl, Matthias Schimka and Nikolaus Dinhof.

Practice head(s):

Nikolaus Paul

Testimonials

Wolf Theiss is the leading law firm in debt capital markets law. They are the only law firm in Austria which has two partners with a respective team dedicated predominantly to debt capital markets law. This set-up makes them unique compared to all other competitors in the market. They also have very high expertise in regulatory matters regarding capital market laws. They are the number one firm in Vienna in DCM.

Alexander Haas – very hands on, always available, up to speed. One of the most dynamic lawyers in Vienna. His dedication to DCM matters is impressive. Dr. Claus Schneider – still the leading individual in DCM law in Austria; very calm, solution-oriented and client focused. Also he has developed an outstanding regulatory practice. The team also comprises excellent senior lawyers such as Christine Siegl, Matthias Schimka and Nikolaus Dinhof.

We are extremely happy with Wolf Theiss’ capital markets practice. Apart from their excellent expertise and long-lasting experience, I would like to highlight their resources as one of their core strengths. The size of their team allows them to be highly responsive at any time and deal with matters of any size swiftly and efficiently. At the same time, they are very dedicated to client relationships so that you always feel valued and in safe hands. Their communication is persistently clear and to the point, no unnecessarily long statements, and no missing information. You receive tailor-made advice which always takes your individual and specific needs into account. Another key capability of the team is their sector-specific knowledge. They are top-notch for banking capital markets matters, and have expertise which is second to none in Austria.

We particularly appreciate their profound understanding of the commercial side of our business combined with their strong legal knowledge. Wolf Theiss generally provides a high level of solution-oriented service with quick response times. We also like the fact that Wolf Theiss works with a strong team of both partners and younger lawyers which means someone is always available. I would recommend Claus Schneider as the top lawyer in capital markets for anybody who is working in this field. He is extremely quick in grasping the essential points of any given matter and never loses sight of details. Furthermore, he is exceptionally responsive and always available for his clients.

Easily accessible, very hands on, short response times and good quality.

Both Alexander Haas and Nikolaus Dinhof are very pragmatic and deliver good quality support throughout all our matters.

Key clients

Erste Group Bank

European Bank for Reconstruction and Development

Goldman Sachs International

Volksbank Steiermark

J.P. Morgan Securities

Raiffeisen Bank International

Vorarlberger Landesbank-Holding

UniCredit Bank Austria

Vorarlberger Landes- und Hypothekenbank

S IMMO AG

Work highlights

  • Assisted Addiko Bank and its local banking subsidiaries with the preparation and implementation of Addiko Bank’s IPO and listing on the Vienna Stock Exchange.
  • Advised Borealis on its successful issue of a €300m bond for institutional and private investors.
  • Assisted Erste Group Bank with another benchmark issue of additional tier 1 notes amounting to €500m.

DORDA Rechtsanwälte GmbH

The 'responsive, diligent, discreet and commercial' capital markets team at DORDA Rechtsanwaelte GmbH has a particular industry focus on issuers active in the banking, real estate and automotive sectors. The group is especially praised for its knowledge of 'Austrian market dynamics and how to optimise those dynamics for clients'. The practice assists with a broad range of work, including private placements, public offerings, structured and high-yield debt issuance. In recent work, the group acted for Advent International Corporation on legal documentation and disclosure issues connected with the IPO of Austrian-based Addiko Bank. Christoph BrogyányiTibor Varga and Andreas Mayr are 'outstanding experts with broad and deep experience'. Andreas Zahradnik and Felix Hörlsberger are also recommended.

Practice head(s):

Christoph Brogyányi; Andreas Mayr; Tibor Varga; Andreas Zahradnik

Testimonials

Dorda clearly has a market-leading capital markets practice and is one of our go-to firms for Austrian transactions. The firm always stands out when transactions are non-standard but rather characterised by a higher degree of complexity.

Andreas Mayr, Tibor Varga and Christoph Brogyányi are outstanding experts with broad and deep experience in capital markets, financing and corporate matters. Over the years, I have worked with each of them and would always recommend them to issuer and bank clients for Austrian matters.

Dorda is the best firm in Austrian capital markets matters. I have worked with them over many years and deals, and they are always responsive, diligent, discreet and commercial. They know the Austrian market dynamics and how to optimise those dynamics for clients.

Andreas Mayr is excellent. He is always responsive, diligent, discreet and commercial. When I worked at a premier investment bank, I had my choice of counsel to work with in Austria, and I have always turned to Andreas.

DBJ has a couple of very experienced and convincing capital markets lawyers. We have experienced them in transactions and appreciate their objective and knowledgeable working style.

Andreas Mayr: very smart lawyer, lots of experience, good in communications and negotiation, always interested in constructive solutions. Tibor Varga: very smart lawyer, hard worker, comes up with innovative ideas/solutions.

Top notch capital markets firm in Austria. High profile and very experienced partners. Super efficient and pragmatic.

Andreas Mayr, Christoph Brogyányi and Tibor Varga are excellent capital markets partners with a great deal of experience.

Key clients

HNA Group

De Raj Group AG

HSBC Bank, PLC, Raiffeisen Bank International AG

Advent International

Work highlights

  • Advised majority shareholder Advent International Corporation on legal documentation and disclosure issues connected with the IPO of Austrian-based Addiko Bank.
  • Acting as counsel for a committee of holders of senior unsecured notes due 2025 and other debt instruments issued by Steinhoff Europe.

Freshfields Bruckhaus Deringer

Schoenherr (Schönherr Rechtsanwälte)

Schoenherr (Schönherr Rechtsanwälte)'s team is valued for its 'great knowledge and availability' and is 'a reliable partner for capital markets transactions in Austria'. Testament to the team's expertise in assisting with 'complex cross-border capital markets matters' was its advice to the joint lead managers on the Republic of Austria's syndicated €4.5bn dual tranche government bond issuance. Ursula Rath has 'a very pragmatic but at the same time very concise approach'; Martin Ebner is 'very reliable and good to work with'; and Peter Feyl 'stands out for his impressive economic understanding' and 'regulatory know-how'.

Practice head(s):

Martin Ebner; Ursula Rath

Testimonials

Schoenherr provides top-quality service for a reasonable price. Schoenherr is one of our favourite law firms to work with on complex cross-border capital markets matters, and we have built a long-standing relationship and trust with them.

The primary attorney I work with at Schoenherr is Ursula Rath. Ursula is responsive and has a deep understanding of capital markets matters.

Schoenherr is a reliable partner for capital markets transactions in Austria. I would recommend them for any complex matter, also with cross-border elements.

Peter Feyl stands out for his impressive economic understanding. He works hands-on on various issues based on extensive legal and regulatory know-how in international capital markets. Ursula Rath is highly motivated with high efficiency and great communication skills. Both are absolutely dedicated to their clients.

Schoenherr provides a very good mixture between a local and national firm – one which is truly embedded into local business with a very international approach, i.e. being able to advise international clients in Austria.

Ursula Rath has a very pragmatic but at the same time very concise approach. She was able to clarify many ongoing issues independently.

Martin Ebner – very reliable and good to work with.

Great knowledge and availability.

Ursula Rath – great personality and knowledge – pragmatic in her advice.

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

  • Advising Conda Crowdinvesting Europe on its ICO.
  • Assisting immigon portfolioabbau with hybrid capital issues and notes de-listings.
  • Advised the joint lead managers on the Republic of Austria’s syndicated €4.5bn dual tranche government bond issuance.

DLA Piper Weiss-Tessbach

DLA Piper Weiss-Tessbach is a 'reliable partner in all legal topics surrounding capital markets', according to one client. The team is particularly active in the debt capital markets area, advising on matters including bond issuance for both financial institutions and companies. The practice is advising the banking syndicate between Erste Group, ING, Société Générale and UniCredit on the new issue of a €300m corporate bond by Borealis, its first rated bond issue. It also handles contentious work, representing clients against allegations of breach of market abuse regulations. Practice head Christian Temmel is recommended for his 'broad industry knowledge'.

Practice head(s):

Christian Temmel

Testimonials

We appreciate their international network, i.e. a good combination of local and international knowledge. They also have good knowledge about the construction and real estate industry.

Christian Temmel: good senior in the team, has a broad industry knowledge. Christian Knauder: we like his work style, very down to earth and knowledgeable. He does not get stressed, although times are sometimes stressful.

Very experienced and very high quality of work done, reacts very quickly to every new query, reliable partner in all legal topics surrounding capital markets.

Key clients

Ardagh Packaging Holdings

Nabriva Therapeutics

TTL Information Technology AG

Raiffeisen Bank International

PORR AG

UBM Development AG

Warimpex Finanz- und Beteiligungs Aktiengesellschaft

UniCredit Bank Austria AG

Erste Group Bank AG

Baader Bank AG

Work highlights

  • Assisting UniCredit Bank Austria in its capacity as sole arranger and sole global coordinator of the €1bn debt issuance programme of Voestalpine.
  • Assisting Sun Contracting with the preparation and public offering of its €96m corporate bond issuance in the Grand Duchy of Liechtenstein, Austria, Germany, Italy, Hungary, Czech Republic, Slovakia and Bulgaria.
  • Advising UBM on the successful increase of an existing corporate bond programme by €45m by means of a private placement.

Eisenberger & Herzog

Led by Peter Winkler, the team at Eisenberger & Herzog advises on the whole spectrum of capital markets matters, including bond issuance, regulations compliance, derivatives, and squeeze-outs of minority shareholders. Testament to its particular focus on advising clients from regulated industries, the firm has added new names including ImmoFonds, Black Pine Capital, and Arvato Payment Solutions to its client roster. Recent highlights include advising the Pecik Group on the €400m sale of the largest share package in Sparkassen Immobilien to Immofinanz. Another key contact is Josef Schmidt.

Practice head(s):

Peter Winkler

Key clients

FIBA (main shareholder of Best Water Technology Group)

Pecik Group

Capital Bank – GRAWE GRUPPE AG

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

Kommunalkredit Austria AG

KA Finanz AG

ImmoFonds

REWE International Finance B.V.

Arvato Payment Solutions GmbH

Black Pine Capital GmbH

Work highlights

  • Advising Fiba, the main shareholder of Best Water Technology Group, on the squeeze-out of all other shareholders.
  • Assisting Capital Bank – Grawe Gruppe with its investments in several funds of Bernard Madoff’s.
  • Advising ImmoFonds on the regulatory admissibility of the sale of a German closed-end real estate fund in Austria.

Herbst Kinsky Rechtsanwalte GmbH

Herbst Kinsky Rechtsanwalte GmbH's team is noted for its 'focus on biotech' and advised longstanding client Marinomed Biotech on its successful IPO, the first of two on the Vienna Stock Exchange. The practice also has expertise in the fintech sector, regularly advising on cryptocurrency matters, ICOs and ITOs. In other work, the firm assisted with the placement of convertible bonds and compliance issues. Team members are commended for 'their creativity in problem-solving' and 'strong knowledge of capital markets'. Key names Phillip Dubsky and Philipp Kinsky jointly head the practice. Philipp Baubin made partner in January 2019.

Practice head(s):

Phillip Dubsky; Philipp Kinsky

Testimonials

The team acts in a very flexible way, has a focus on biotech (and understands this industry) and also has a focus on young companies in their growth phase. This industry focus and focus on smaller companies (with adequate fee offers) differentiates them from other law firms.

Philipp Kinsky: very smart partner, acts in a flexible and knowledgeable way, knows the biotech industry and the start-up scene.

From the beginning, we had the feeling we were in good hands. We had to do pioneering legal work. Many other law firms rejected us but Herbst Kinsky was ready to face the challenge and the result of it can be described as a success.

The individuals we were working with were ready to do pioneering work. Their creativity in problem-solving is what made the difference. Everybody was super friendly, capable and reliable.

Strong knowledge of capital markets and hard working team. Particularly diligent and fast turn-over of revised documents. Always on top of all tasks.

Philipp Kinsky (partner) supervises every detail of the transaction, and has very good communication skills internally and with “the other side”. Very pragmatic and solution-oriented while still keeping the client’s interests in sharp focus. Philipp Baubin (partner) is hard working, fast, diligent and responsive.

Key clients

Marinomed Biotech AG

IST Austria (Institute of Science and Technology Austria)

ams AG

Fund of Excellence

Round 2 Capital Partners

X-Trader 24

Raisin GmbH

CrypotConsulting GmbH

Push Ventures

Vorarlberger Illwerke AG

Work highlights

  • Advised Marinomed Biotech on its successful IPO on the Vienna Stock Exchange.
  • Advised longstanding client ams on a private placement of senior unsecured zero-coupon convertible bonds, for an aggregate nominal amount of €600m.
  • Assisting Raisin with regulatory law questions in connection with the offer of investment products in Austria.

Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG

Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG's expertise in public takeover matters has been further strengthened by the recent arrival of counsel Wolfgang Eigner, formerly head of the legal department at the Austrian Takeover Commission. Other key areas of focus include assisting with capital markets compliance issues and advising on ordinary and extraordinary general meetings of listed companies in Austria. The practice also 'has a great advantage, as they have US-certified lawyers in the team', allowing it to offer integrated US and Austrian law advice. 'Very smart lawyerEva-Maria Ségur-Cabanac is the key name to note.

Practice head(s):

Eva-Maria Ségur-Cabanac

Testimonials

This practice has a great advantage, as they have US-certified lawyers in the team. This means they provide both local and international knowledge in one person. This makes working with them quite efficient.

Eva-Maria Ségur-Cabanac: she is a very smart lawyer, very dedicated, combines a smart and charming approach vis-a-vis counterparties, always good to have her on your side and not on the other side.

Key clients

s Wohnbaubank AG

C-QUADRAT Investment AG

Fomento de Construcciones y Contratas SA / FCC Construccion SA

Work highlights

  • Advising s Wohnbaubank on regulatory issues related to the restructuring of the housing loan business.
  • Advising Fomento de Construcciones y Contratas and FCC Construccion on capital markets issues resulting from the insolvency of its Austrian subsidiaries Alpine Holding and Alpine Bau.
  • Assisting s Wohnbaubank with the preparation of a new base prospectus for a bond issuance programme.

bpv Hügel

The capital markets team at bpv Hügel is particularly active in the equity space, handling a range of matters including advising on public offerings and private placements. The firm counts leading financial institutions, including Deutsche Bank, Goldman Sachs and Raiffeisen Landesbank NÖ-Wien, among its clients, along with several Austrian listed companies and major shareholders. Practice head Elke Napokoj is advising Valneva on a change in its listing situation, involving a delisting from the regulated market of the Vienna Stock Exchange and a listing on a US exchange, in a cross-border matter worth €317.2m. Christoph Nauer is another key contact.

Practice head(s):

Elke Napokoj

Key clients

IMMOFINANZ AG

Erste Group Bank AG

BUWOG AG

Goldman Sachs

Valneva SE

Deutsche Bank

BAWAG P.S.K.

EAG-Beteiligungs Aktiengesellschaft

Autobank AG

Sanochemia Pharmaceutika AG

Work highlights

  • Assisted Immofinanz with a reverse stock split at a ratio of 10:1 with shares listed on the Vienna Stock Exchange and Warsaw Stock Exchange.
  • Advising Valneva on a change in its listing situation, involving a delisting from the regulated market of the Vienna Stock Exchange and a listing on a US exchange.
  • Assisting Autobank with a €2.6m private placement capital increase with institutional investors.

Brandl & Talos Rechtsanwälte GmbH

Brandl & Talos Rechtsanwälte GmbH advises on all aspects of capital markets law, including various transactions involving listed companies, regulatory work, and particularly the preparation and implementation of IPOs for Austrian and international companies. The bulk of the firm's client roster consists of financial institutions and listed companies. Roman Rericha recently assisted capital300 Euveca with setting up a fund in the form of a European Venture Capital Fund. Other key names to note at the practice are Ernst BrandlThomas Talos and Christopher Schrank.

Practice head(s):

Ernst Brandl; Thomas Talos; Christopher Schrank; Roman Rericha

Key clients

Wolftank-Adisa Holding AG

Capital300

GoLending AT GmbH

European Lithium Ltd.

mWA myWorld Austria GmbH

Work highlights

  • Assisting Wolftank-Adisa Holding with its IPO on the Vienna Stock Exchange.
  • Assisted capital300 Euveca with setting up a fund in the form of a European Venture Capital Fund.
  • Advised GoLending AT on a new subordinated debt issuance of €30m.

CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH

The capital markets team at CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH handles a mix of equity and debt capital markets work, including advising on IPOs, corporate bonds, debt issuance programmes, promissory notes and rights offerings. The practice also has a robust regulatory presence, demonstrated by its work for EBRD on a cross-border project involving the implementation of direct links between the Hungarian central depository and the central security depositories in Austria, Bulgaria, the Czech Republic and Romania. The group was further strengthened by the recent arrival of associate Dominik Wagner from the Financial Market Authority. Key contact Martin Zuffer heads the practice.

Practice head(s):

Martin Zuffer

Testimonials

Very high availability/flexibility, hands on approach , good entrepreneurial understanding.

Key clients

Atrium European Real Estate

Vienna Insurance Group

EBRD

Best in Parking Group

Cornelia Capital

AGORA Immobilien

Erste Asset Management

REWE International

Arca Brokerage House

myfactor.io

Commerzbank

Bloomberg

Satchi Holdings

Work highlights

  • Advising international car park operator Best in Parking on the issuance of promissory notes placed with various institutional investors.
  • Assisting Satchi Holdings with the listing of its asset-based fixed-rate notes on the Vienna Stock Exchange.
  • Advising Cornelia Capital on the listing of its shares on the Vienna Stock Exchange.

KPMG Law in Austria

The recently launched capital markets practice at KPMG Law is headed by Stefan Arnold, who joined from Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG and provides 'brilliant solutions for tricky legal problems'. The firm focuses on advising on the issuance of equity and debt, disclosure obligations, capital markets compliance and takeover law. The practice is also involved in litigation, and is representing former shareholders of Conwert Immobilien Invest against Adler Real Estate in a dispute related to a breach of Austrian takeover law.

Practice head(s):

Stefan Arnold

Testimonials

Very dedicated and willing to go the extra mile even for smaller cases.

Wendelin Ettmayer and Stefan Arnold – excellent communication skills, brilliant solutions for tricky legal problems and yet very hands-on if required.

Key clients

Hutter & Schrantz Aktiengesellschaft

Work highlights

  • Advising Hutter & Schrantz Aktiengesellschaft on capital markets compliance issues.
  • Representing former shareholders of Conwert Immobilien Invest against Adler Real Estate in a dipsute based on a breach of Austrian takeover law.
  • Advising B&C Industrieholding on specific aspects of capital markets laws.

Müller Partner Rechtsanwälte

Müller Partner Rechtsanwälte's team utilises its 'immense knowledge of legal requirements and customs related to capital markets' to provide regulatory assistance pertaining to capital markets compliance. The firm is advising a number of clients, among them Polytec Holding, OMV Aktiengesellschaft and Vienna Insurance Group, on issues relating to the Stock Exchange Act and Market Abuse Regulation. Practice head Gernot Wilfling is particularly valued for his 'profound capital markets and compliance expertise'. In other work, the practice also assists with public offerings of shares and bonds.

Practice head(s):

Gernot Wilfling

Testimonials

We appreciate the “First Mover” attitude. Whenever there is a new administrative practice on the Austrian or European Level we are immediately informed, not only by way of newsletter but also by customised information-mails that are tailored to our business.

The immense knowledge of legal requirements and customs related to capital markets ensures advice that always enables viable solutions that can be easily implemented.

Although pretty small, the firm’s capital markets team benefits from Gernot Wilfling’s profound capital markets and compliance expertise that he has gained working for other renowned Vienna-based firms. Thanks to his good standing with the Vienna Stock Exchange and other important players on the Vienna capital market, Gernot can quickly provide valuable and hands-on legal advice.

Gernot Wilfling is the counsel to go to when you require quick and reliable advice on the FMA’s regulatory practice. Gernot provides expert support on all issuer-related matters, securities law and general capital markets practice and always strives to offer groundbreaking and attractive service packages to his clients.

Key clients

OMV Aktiengesellschaft

Vienna Insurance Group AG

Polytec Holding AG

Rockets Holding GmbH

Raiffeisenbank Oberdrautal-Weissensee

S IMMO AG

NMF OHG, Germany

IMVEST Vermögensgesellschaft mbH, Germany

Sonneninvest AG

Kreco Realitäten AG

Work highlights

  • Assisted Rockets Holding with the development of a product enabling issuers to make fully electronic share offerings.
  • Advising the Vienna Insurance Group on issues pertaining to the Stock Exchange Act and Market Abuse Regulation.
  • Assisting Kreco Realitäten with the delisting of participation rights from the Vienna MTF and the termination and repayment of such participation rights.

Rautner Rechtsanwälte GmbH

Rautner Rechtsanwälte GmbH has a proven track record in the area of regulatory matters for structuring and executing benchmark regulatory capital issuances. The firm advised Merrill Lynch International, Barclays Bank plc, Goldman Sachs International and UBS Europe as joint lead managers on the successful issuance of a €500m perpetual subordinated bond by Erste Group Bank. Walter Gapp, who heads the practice jointly with Uwe Rautner, is an 'excellent regulatory capital lawyer'. Other clients include HSBC and Société Générale.

Practice head(s):

Uwe Rautner; Walter Gapp

Testimonials

Walter Gapp: excellent regulatory capital lawyer.

Key clients

Erste Group Bank AG

Société Générale

HSBC Bank plc

Merrill Lynch International

UBS Europe SE

Landesbank Baden-Württemberg

DZ BANK

Goldman Sachs International

oekostrom AG

UNIQA Insurance Group AG

Work highlights

  • Advised Merrill Lynch International, Barclays Bank plc, Goldman Sachs International and UBS Europe as joint lead managers on the successful issuance of a €500m perpetual subordinated bond by Erste Group Bank.
  • Assisted Erste Group Bank with the regular update of its self-arranged €2bn additional tier one programme.
  • Advised DZ Bank, Frankfurt am Main, Landesbank Baden-Württemberg and Société Générale as joint lead managers on the issue of a €500m fixed-rate mortgage-covered bond by Volsbank Wien.