Fellner Wratzfeld & Partners is a well-respected player in the reorganisation and restructuring space and has traditionally focused on advising credit institutions but has steadily expanded its client share in the corporate arena. The team led by founding partner Markus Fellner is a key fixture on some of Austria's most high-profile restructurings such as the restructuring of the Steinhoff Group and is well equipped to assist clients with associated distressed M&A transactions and insolvency proceedings, including enforcement claims. Florian Kranebitter is the main contact for refinancing and debt restructuring. Associate Stefan Sallat is noted for his expertise in contentious and non-contentious restructuring scenarios.

Graf & Pitkowitz stands out for its insolvency administrator capabilities with team heads Alexander Isola and Stefan Weileder receiving regular appointments. In other work, the team provides assistance to creditors and investors with restructuring and refinancing issues as well as with the purchase of distressed M&A.

Schoenherr (Schönherr Rechtsanwälte) is recognised by clients and peers alike for its broad restructuring and insolvency expertise which is routinely called upon by lenders, and increasingly by distressed borrowers, who require assistance with pre-insolvency reorganisations and refinancings. The team has particular experience of the restructuring of financial institutions, while advising buyers on distressed M&A transactions constitutes another key area of strength. Wolfgang Höller, who specialises in insolvency law, debt restructuring and financial litigation, jointly heads the practice with debt restructuring and refinancing specialist Martin Ebner. Miriam Simsa is another key individual and focuses on out-of-court restructurings, distressed M&A and other restructuring-driven transactions across Austria and CEE.

Binder Grösswang is frequently called upon to act as Austrian counsel to advise corporates on corporate and financial restructurings and has recently been particularly active in financial services, retail and aviation sector work. In the insolvency space, the team regularly acts for creditors but also counts debtors among its clients. This broad offering also includes assistance with distressed M&A - where the team frequently acts for the bidder - and is based on a close cooperation with the firm's banking and finance, corporate and dispute resolution teams. This interface competence is also reflected in practice head Gottfried Gassner's combined restructuring and corporate expertise, which he shares with associate Georg Wabl, while Emanuel Welten  is the key contacte for finance-related work.

DORDA Rechtsanwälte GmbH's clients, including corporates, funds and investors, benefit from the team's interdisciplinary approach to various regorganisation and pre-insolvency restructuring scenarios. This includes assistance with distressed M&A and refinancing matters with Christian Ritschka frequently handling the former and Tibor Varga the latter. In other work, the team acts for creditors in insolvency proceedings and insolvency-related litigation. Key contact Felix Hörlsberger has particular expertise at the intersection between insolvency and insurance law, leading to regular instructions from insurance sector players.

Thanks to its interdisciplinary approach and strong cooperation between the banking and finance and corporate teams in particular, E+H Eisenberger + Herzog has a strong profile for corporate and financial restructuring, which includes regular assistance with the acquisition and purchase of distressed loans alongside the restructuring of debt, bonds and loans. Marcus Benes is the key contact for finance-related work, while Michael Strenitz routinely handles work at the intersection with corporate and M&A. Clients include lenders and debtors.

Working in close conjunction with various other practices, most notably banking and finance, corporate and dispute resolution, Wolf Theiss Rechtsanwalte GmbH & CoKG is adept at handling large-scale and cross-border financial and corporate restructurings as well as distressed M&A transactions, and predominately acts for creditors. The team has particular expertise in financial restructurings, leading to regular instructions concerning the restructuring of non-performing loans, debt and investments as well as associated claim enforcements. Financing transaction specialist Nikolaus Paul heads the practice, which includes key contact for insolvency-related litigation Eva Spiegel.

Cerha Hempel's interdisciplinary approach is based on a strong cooperation between its restructuring, corporate, finance and litigation teams, which enables the practice to handle a wide range of restructuring and insolvency work. Its focus lies on representing creditors, such as national and international banks, in pre-insolvency debt collection and insolvency proceedings, while also advising corporates on insolvency avoidance measures, the reorganisation of debt and corporate reorganisations. Buyers also retain the practice to assist with distressed M&A transactions. Thomas Trettnak, who specialises in creditor protection, distressed M&A and reorganisations, heads the practice.

CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH typically acts for creditors in insolvency proceedings - Daniela Karollus-Bruner is the main contact for this. The team, and Günther Hanslik in particular, is also regularly called upon by banks to advise on insolvency-related financial transactions, the sale of NPLs and various other matters arising from restructuring scenarios.

As part of a global network, DLA Piper Weiss-Tessbach receives regular cross-border instructions from financial institutions and corporates on restructurings and corporate reorganisations. Working in close cooperation with the firm's financing practice and Oskar Winkler in particular, means that the team is particularly well placed to assist with financing matters. Jasna Zwitter-Tehovnik is another key individual with a focus on this intersection.

Primarily run from Wels, Saxinger, Chalupsky & Partners Rechtsanwälte GmbH (SCWP Schindhelm) receives regular instructions from distressed companies in Upper Austria but also handles national and cross-border mandates. Led by insolvency and restructuring expert Ernst Chalupsky, who also acts as insolvency administrator, the team is adept at advising creditors and debtors on liquidation procedures, insolvency-related litigation and restructuring plans including associated negotiations with banks.

Taylor Wessing enwc Rechtsanwälte GmbH handles various insolvency-related matters, such as asset purchases and claim assertions for creditors. Team head Susanne Fruhstorfer also routinely acts as an insolvency administrator.