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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Austria > Insolvency and corporate recovery > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Insolvency and corporate recovery
  2. Leading individuals
  3. Next Generation Partners

Leading individuals

  1. 1

Next Generation Partners

  1. 1

Who Represents Who

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Providing ‘exceptional support for the clients’ and ‘expert legal advice’, Fellner Wratzfeld & Partners assists with restructurings and reorganisations, particularly for credit institutions, and is also active in financing and recapitalisation, especially of listed companies with bonds. Markus Fellner leads the team with ‘outstanding service quality’ and ‘deep business know-how’. Florian Kranebitter is also recommended.

Incorporated into the banking and finance practice department, the team at Freshfields Bruckhaus Deringer advises various stakeholders, encompassing corporate entities, creditors, regulators, lenders, borrowers and insolvency practitioners, on intricate restructuring transactions, frequently in a cross-border setting in the CEE area. Friedrich Jergitsch leads the team, and Florian Klimscha is another key team member.

Graf & Pitkowitz’s insolvency and restructuring team covers a wide array of insolvency work, from restructurings, insolvencies and reorganisations to distressed M&A. When not advising debtors, creditors, investors, family-owned businesses, managing directors and board members, co-heads Alexander Isola and Stefan Weileder are routinely appointed as insolvency administrators.

Schoenherr (Schönherr RechtsanwĂ€lte)’s insolvency team specialises in advising creditors and debtors alike on pre-insolvency reorganisations and refinancing transactions, with a particular focus on restructuring banks. Team head Wolfgang Höller and Miriam Simsa acted for Kika/Leiner to fend off looming insolvency proceedings, enabling the sale of the business to Signa. Other clients include Salesianer Miettex and the European Bank for Reconstruction and Development. Martin Ebner is also a key member of the team.

With the support of the banking and finance, dispute resolution and corporate departments at its disposal, ‘very quick, well-structured and organised’ team at Binder Grösswang routinely acts for creditors and debtors in national and international corporate and financial restructurings and distressed M&A transactions, as well as in insolvency proceedings. The ‘open-minded’ and 'very reliable' Gottfried Gassner, who leads the team with Emanuel Welten, advised the international creditors’ co-ordinating committee on the restructuring of the prominent Steinhoff Group and acted for TUI Group on the pre-insolvency and insolvency proceedings of Air Berlin and Niki Luftfahrt.

In cooperation with the firm’s corporate, finance and litigation departments, the ‘very responsive’ team at Cerha Hempel provides ‘to-the-point and hands-on’ advice to creditors and shareholders on insolvency law, including pre-insolvency debt collection and insolvency proceedings. Other areas of expertise include corporate structure and debt reorganisations, as well as distressed M&A. The ‘always friendly and speedy’ department head Thomas Trettnak ‘is a pleasure to work with’; he and Heinrich Foglar-Deinhardstein advised CNH over the course of the insolvency proceedings of goods supplier Fahrzeug- u. Maschinenbau-Prototypen.

‘Thinking outside of the box’, Dorda Rechtsanwalte GmbH's ‘very reliable and supportive’ insolvency and corporate recovery team advises banks and other creditors and debtors on pre-insolvency reorganisations and restructurings, encompassing distressed M&As and refinancings. Another area of expertise is the representation of creditors in insolvency proceedings and related litigation. The ‘very pragmatic’ Felix Hörlsberger ‘solves complex topics in a way the client is able to follow’, while the ‘hardworking’ Christian Ritschka ‘is always reachable, fast and very efficient’. Both advised Austrian real estate investor and developer Supernova Group.

Cross-border financial and corporate restructuring transactions, loan enforcement and the representation of creditors in Austrian insolvency proceedings are staples of Eisenberger & Herzog’s insolvency and corporate recovery practice, while the restructuring of listed bonds is becoming an area of increased activity. Clients also benefit from the practice’s ability to rely on the firm’s corporate, M&A, capital markets, restructuring and finance teams. Practice co-head Michael Strenitz advised QuadraCir – formerly Asamer Holding – as co-lead counsel on debt restructuring, asset sale and liquidation matters, while other co-head Marcus Benes acted for Scholz Holding on the restructuring of a retail bond. Peter Winkler is another key contact.

Preslmayr Attorneys at Law is adept at representing major creditors such as banks in insolvency proceedings and handling insolvency administration work, while also acting for clients in reorganisations and refinancings, including advising companies on the acquisition of distressed assets. Matthias Schmidt leads the team and represents Shell Energy Europe as a major creditor in CE Gas Marketing & Trading’s insolvency.

Noted for its ‘in-depth knowledge’, the ‘extremely quick’ and ‘very precise’ team at Wolf Theiss Rechtsanwalte GmbH & CoKG handles substantial restructuring mandates for bank syndicates and international funds in Austria and the CEE region with support from the firm’s corporate, finance and real estate departments. Eva Spiegel advised Hemisphere as co-lead counsel in connection with the sale of distressed Kika/Leiner’s real estate portfolio to Signa. Other team members include Nikolaus Paul, Andrea Gritsch, Claus Schneider and Andreas Schmid.

Acting for insolvency administrators and debtors alike, the team led by Norbert Abel at ABEL RechtsanwÀlte GmbH & Co KG also manages restructurings for corporate entities.

Advice on corporate and financial restructurings, insolvency law and transactions, especially distressed M&A, in Austria and in the CEE region are major fields of activity for CMS. GĂŒnther Hanslik leads the team, which also includes Alexander Rakosi.

With a focus on sizeable domestic and cross-border insolvency administration mandates, Engelhart & Partner RechtsanwÀlte OEG also handles reorganisation and restructuring work for distressed companies and creditors. Karl Engelhart is the key contact.

FREIMÜLLER/OBEREDER/PILZ RechtsanwĂ€lt_innen GmbH operates at the interface of insolvency and employment law and is experienced in assisting debtors. Key contact Georg FreimĂŒller also acts as a liquidator.

Jaksch, Schoeller & Riel, Rechtsanwaltskanzlei has insolvency administration at its core, while also advising creditors and corporates on restructuring matters. Stephan Riel is the main point of contact.

Primarily operating from its Wels office in Upper Austria, but also present in Vienna and Graz, the team at Saxinger, Chalupsky & Partners RechtsanwÀlte GmbH (SCWP Schindhelm) advises debtors and creditors alike on all aspects of insolvency, restructuring (with a particular focus on Chinese companies) and distressed M&A. The team consists of team head Ernst Chalupsky; Gerald Schmidsberger; Alexander Anderle, who routinely acts as an insolvency administrator; Christian Pindeus and Fritz Ecker.

Advising debtors, shareholders and directors, Taylor Wessing Austria focuses on insolvency administration, particularly involving transnational elements, distressed M&A and insolvency litigation. Team head Susanne Fruhstorfer was appointed as insolvency practitioner on numerous occasions, including for real estate company WienWert Getreidemarkt 10 Immobilienbesitz and Lemos Industrieservice, and represented AGCO in the insolvency proceedings of a major supplier.

Urbanek Lind Schmied Reisch RechtsanwÀlte OG covers a broad range of areas, including advising companies and investors on restructuring and distressed M&A. Ulla Reisch is particularly renowned by clients and peers for her insolvency administration expertise.

The ‘highly experienced and very commercial, resourceful, thorough and extremely service-oriented’ team at Vavrovsky Heine Marth RechtsanwĂ€lte has a dedicated insolvency administration practice, while also advising on insolvency and restructuring matters. ‘Renowned insolvency and restructuring expert’ Dr Karl Ludwig Vavrovsky heads the department; he was appointed as administrator in the insolvencies of Hans-Jörg Reinhart Privatstiftung and Schirm & Collegen Deutsches Marketing. Nikolaus Vavrovsky is also a key contact.

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Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • THE NATIONAL REGULATION ON THE SECURITY OF "NIS" IN AUSTRIA SHOULD BE OF INTEREST TO YOU

    Good things come to those who wait? Finally, the main implementing regulation for the Austrian Law on Network and Information System Security ( Netz- und Informationssystemsicherheitsgesetz , " NISG ") was published last week. It serves primarily to define which companies are actually affected by the NISG. Now it is getting serious for the operators of " essential services ". What does that mean?
    - Dorda
  • "BLACK FRIDAY" - NOW FREELY USABLE FOR PROMOTIONS IN AUSTRIA

    Black Friday is unquestionable one of the most profitable and busiest days of the year for retail, particularly online. Worldwide almost all online store do offer sales or special promotions on Black Friday or Cyber Monday. Already after this practice has established online, a trademark for " BLACK FRIDAY " was registered in Germany back in 2013. In 2016 a Chinese company acquired the trademark and then filed in 2017 for its extension to Austria. Based on the registered trademark, it granted exclusive rights to an Austrian company, which licensed usage rights to various partner stores against remuneration. Further, an exclusive " Black Friday-Cooperation Program " was established. Non-partners who used the event name or trademark were prosecuted and requested to either pay a license fee or refrain from running Black Friday promotions. Some followed the request and entered into license agreements. Some, however, did challenge the validity of the trademark. Finally, respective proceedings to check the actual protection of the trademark were initiated. Austrian courts now held that the trademark " BLACK FRIDAY " is not protected in Austria .
    - Dorda
  • AUSTRIA: ANONYMISATION ACCEPTED AS VALID DATA DELETION METHOD

    On 5th December 2018, the Austrian data protection authority ( Datenschutzbehörde , "DSB") issued a decision (DSB-D123.270/0009-DSB/2018) on data subject's right to data deletion according to Art 17 GDPR. In a nutshell, the DSB accepted consistent anonymisation as a valid alternative to physical and technical deletion. Beside the clear statement that anonymous data is not subject to the GDPR, the DSB provided detailed information on (technical) requirements of anonymisation methods:
    - Dorda
  • Consent or pay – a valid scheme under the GDPR?

    Media companies throughout Europe struggle with a difficult economic environment: Shrinking sales figures for print products, the digitalisation and consumer demand force publishers to offer their content also on the internet. However, generating money for online publications is not quite easy as – at least in Austria – online subscription against renumeration has not been well accepted by customers. This partially has its root in the lack of suitable micropayment means in the past and users thus getting acquainted to online information being offered for free. Thus, publishers have instead focused on financing their platforms by online marketing activities such as placement of banners. Nowadays such digital advertisement is usually targeted to the specific user. For this purpose, cookies are stored on the user's computer upon his first visit of the website, which then collect data about his location, technical equipment used and online behaviour. This finally allows to display specific, user targeted advertisements. However, such cookies may cause issues with applicable consent requirements under the telecommunication and data protection regulations:
    - Dorda
  • fwp expands know-how thanks to new junior partner

    Vienna, March 2019. Fellner Wratzfeld & Partner GmbH (fwp) adds valuable competence and expertise to the team by welcoming Pavel Bachleda in its midst as a new attorney-at-law and junior partner.
  • fwp helps find a new mega arena location

    fwp helps find a new mega arena location
  • AUSTRIAN DATA PROTECTION AUTHORITY ISSUED THE "BLACK LIST"

    Processing operations subject to the requirement of a data protection impact assessment.
    - Dorda
  • Rien ne va plus!

     
    - Dorda
  • DORDA advises on the acquisition of Austrian office properties Denk Drei

    Stefan Artner , Partner and Head of the Real Estate Practice Group, and real estate attorney Klaus Pfeiffer of DORDA advised Austrian Real Estate Development GmbH ( ARE , a subsidiary of Bundesimmobilien-Gesellschaft, the Austrian privatization agency) on the acquisition of the Denk Drei office properties from IC Development . The successful closing of the forward purchase transaction took place on April 30, 2018. The parties have agreed not to disclose the purchase price.
    - Dorda
  • Austrian "White List"

    Exceptions from the OBLIGATION TO CARRY OUT A data protection impact assessment
    - Dorda

Press Releases in Austria

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • fwp extends its expertise by appointing a new junior partner from its own ranks

    Vienna, September 2018. Motivated and energetic - this is how the new junior partner of Fellner Wratzfeld & Partner (fwp) presents himself. One of Austria’s leading law firms acclaims Clemens Gabriel’s new status as attorney-at-law registered since 19 September 2018.
  • fwp strengthens areas of competence by appointing a new junior partner from its own ranks.

    Vienna, September 2018. Fellner Wratzfeld & Partner (fwp) adds valuable competence and expertise to the team by promoting Michael Froner to junior partner.
  • Slovakia: Schoenherr advises AlbĂ©a on the acquisition of Scandolara Slovakia

    Schoenherr Bratislava has advised the Albéa group ("Albéa") on the acquisition of 100 % of the shares in SCANDOLARA TUB-EST, s.r.o. ("Scandolara"), a Slovak subsidiary of the Italian Scandolara Group, which produces laminate tubes. read more...
  • Schoenherr assists Republic of Austria in offer to HETA-creditors

    On Friday, 2 September 2016, the Austrian Finance Minister has given the green light to finance a public offer by KÀrntner Ausgleichszahlungs-Fonds (KAF) to HETA creditors pursuant to § 2a of the Austrian Financial Market Stability Act. The offer will implement the Memorandum of Understanding (MoU) concluded in May 2016 between the Austrian Minister of Finance and a significant number of creditors of debt instruments issued by HETA ASSET RESOLUTION AG (HETA) that are subject to a regional law deficiency guarantee. The offer will be published by KAF on Tuesday, 6 September 2016.  read more...
  • Austria: Schoenherr advises banking consortium on issuance of EUR 500 million mortgage covered bond

    Schoenherr advised an international banking consortium comprising Commerzbank Ak-tiengesellschaft (technical lead), Barclays Bank plc, Crédit Agricole CIB and CaixaBank SA as Joint Lead Managers on the successful issuance of a EUR 500 million fixed-rate mortgage covered bond ( Pfandbrief ) by Vienna-based Erste Group Bank AG (closing date: 9 September 2015). The bond was placed with institutional investors and listed on the Second Regulated Market of the Vienna Stock Exchange.  read more...
  • Austria: JUVE confirms Schoenherr's leading role in Austrian legal market and among corporate/M&A pr

    JUVE, the premier German-language legal business publication, ranks Schoenherr as the  leading law firm in Austria  and recognises the firm's Corporate/M&A practice for being at the very  apex of the country's transactional practitioners . In the newly-released 2015 edition of its annual 150-page handbook on corporate law firms in Austria, JUVE identifies Schoenherr as having generated the highest revenues among the country’s 15 largest law firms, thanks not least to Schoenherr's advisory role in a large selection of the headline transactions and restructurings during 2014/15.  read more...
  • Austria: Schoenherr advises Allianz Capital Partners on its first acquisition of wind parks in Austr

    Schoenherr advised Allianz Capital Partners (ACP) on its acquisition of four wind parks in the Austrian state of Lower Austria from ImWind, one of the country’s largest wind farm operators, with a portfolio of 320 MW in operation. read more...
  • Austria: Schoenherr advises UNION Investment on prominent real estate transactions in Vienna

    Schoenherr has advised UNION Investment Real Estate GmbH, one of Europe's leading property investment management companies, on several prominent real estate acquisitions that the Hamburg-based group has made in Vienna. In addition to space2move, Schoenherr has also advised UNION Investment. read more...
  • Austria: Schoenherr advises Cimpress on its acquisition of Austria's Druck.at

    Schoenherr advised Cimpress N.V., a world leader in mass customization, on its acquisition of Druck.at, one of the leading web-to-print businesses in Austria. The transaction, which was announced on 18 March 2015, closed on 17 April 2015 following the successful achievement of various closing conditions including Austrian antitrust clearance. The acquisition supports Cimpress’ strategy of building a software-enabled operational platform that aggregates and optimizes the supply chain and production of mass customized products such as signage, printing, apparel and promotional products. read more...
  • CEE: Schoenherr named Leading Law Firm in South East Europe by Chambers

    Schoenherr has been recognized as " South East Europe Law Firm of the Year " (2015) by the renowned legal publisher Chambers and Partners . Schoenherr lawyers Monica Cojocaru (partner; Bucharest), Miloơ Laković (partner, Moravčević, Vojnović & partneri OAD in cooperation with Schoenherr; Belgrade) and Marko Pruơnik (partner; Ljubljana) accepted the award on behalf of the firm at the Chambers Europe Awards event held this past Friday evening at Amsterdam’s Hotel Okura. read more...