Private client in Austria
Binder Grösswang offers the full array of private client advice ranging from philanthropy and real estate to investments and succession planning. Family businesses and reorganisation of ownership structures are a core focus of the department. Bernd Schneiderbauer is a key name for shareholders and Andreas Hable often covers matters pertaining to a change of residence, for example obtaining work permits, transferring art objects or optimising tax efficiency; the duo are the practice heads. Christian Zwick, who was promoted to partner in February 2019, has a broad practice and is especially well-versed in private foundation law and succession planning. Thanks to an international client base, the team handles numerous multi-jurisdictional matters.
‘The members of the team we have been working with are highly specialised in each of their fields, providing the clients with an excellent level of service.’
‘Andreas Hable provides excellent support in a broad field of legal questions of our individual clients, who highly appreciated his client-oriented approach and broad coverage of legal issues they are facing.’
- Advised Tomasz Gudzowaty on the conversion of a foundation according to the Federal Foundation and Fund Act in an Austrian private foundation (Privatstiftung).
- Acting for the Freudenberg family and the Freudenberg Group on the cross-border reorganisation of the Freudenberg Group
- Advised the Gromes family on succession planning and the set up of wills.
Wolf Theiss Rechtsanwalte GmbH & CoKG acts for Austrian and international private clients throughout Central and Eastern Europe and Southeastern Europe. The service portfolio covers the whole spectrum of the practice area, with each team member demonstrating specialised expertise. Karl Binder undertakes primarily real estate transactions, estate planning and related inheritance law and Niklas Schmidt, who has a strong track record in tax law, assists with international tax planning relating to assets including villas and boats. Counsel and tax specialist Eva Stadler is also prominent in this area of law. The group also advises on philanthropic projects, and acts for family owned businesses, trusts, private foundations and charitable organisations. Holger Bielesz manages contentious matters, for instance issues of estate planning or inheritance disputes.
‘Niklas Schmidt is very reliable and responsive. He gives you the global picture but also pays attention to the details. He is not only versed in Austrian tax law but also has experience in international tax law, specifically with a focus on central Europe.’
- Advising families of different nationalities on setting up and restructuring their family foundations in Austria.
- Assisting an Austrian high-net-worth individual with asset planning regarding the succession of an international estate.
- Advising an Austrian entrepreneur on amending foundation deeds and setting up a will.
ARNOLD Rechtsanwaelte GmbH
bpv Hügel assists with succession planning, asset structuring and estate planning, wills and marital agreements. Department head Florian Plattner is particularly experienced in advising high-net-worth individuals and families on private foundations and international inheritance matters. Associate Verena Hügel acts for founder families and beneficiaries on private and charitable foundation matters. Supported by the firm's dispute resolution team, the private client department also handles succession conflicts and shareholder disputes. The practice is closely intertwined with a dedicated tax team consisting of several dual-qualified lawyers and tax advisers.
- Advised the shareholders (private investors and entrepreneurs) of a multinational enterprise operating a healthcare business on the tax structuring reorganisation of the entire group.
- Advising a Czech citizen living in Austria with his family, who is a tax resident in Austria, on plans to relocate to the Czech Republic.
- Acted for Narmo Capital on asset allocation matters for high-net-worth individuals, family offices and trusts; investment structures via Jersey Narmo feeder funds per reverse-solicitation; European and Austrian compliance set-ups; venture capital investments; and respective offshore tax structures.
Cerha Hempel has an established private client practice and is particularly strong suit in trust law. Thanks to its offices throughout the CEE region, the firm is well equipped to handle business matters in jurisdictions including Hungary and Bulgaria. Benedikt Spiegelfeld, is instructed by aristocratic families, charities, churches and universities, and Albert Birkner, who specialises in foundation law, are the practice heads. Johannes Aehrenthal handles the corporate aspects of private client matters including corporate holdings and subsidiary structuring.
‘The level of service is outstanding. They are fast, precise, available 24/7, have extensive business knowledge and the team consists of excellent transaction lawyers.’
‘Top law firm with individual approach to all matters relevant for a bigger family office that is not only focused on day-to-day asset management but in particular also on international transactions of any kind.’
‘The team is very much focused on their client and the client’s needs. They are quick and reliable and have a very broad knowledge base, which allows them to advice on the full range of legal aspects of a transaction.’
‘Albert Birkner is the man you want on your table. His dedication, know-how and negotiation skills are just amazing.’
‘Albert Birkner is highly experienced and possesses outstanding transaction capabilities. A fantastic lawyer and also an expert in real estate law.’
‘Thomas Trettnak needs to be praised for his straight forward thinking and clear advice.’
‘Lukas Moser is a young and very dynamic attorney-at-law who has an extraordinary approach towards hands-on support around the clock and perfect awareness and attention to detail and stringent solutions.’
Karl Wlaschek Privatstiftung (KWPS)
ITI – International Theological Institute
St Johanns Club
Ronald McDonald Kinderhilfe (Children Charities)
Souveräner Malteser Ritterorden
KR Ing. Franz Hrachowitz
Schütz Family Office
Dr. Pscheidl Privatstiftung
- Acting for Matthias Hartmann, former managing director of an Austrian theatre, in investigations relating to embezzlement, fraud and tax evasion charges.
- Advising the Kwizda Group on group structuring and corporate related issues on a regular basis.
- Advsied Karl Wlaschek privatstiftung (KWPS) on the acquisition of a portfolio of 24 apartment buildings.
The private client practice at CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH operates at a Europe-wide level, advising business owners, wealthy individuals and their families on cross-border matters. Department head Johannes Reich-Rohrwig is particularly experienced in the fields of private and corporate wealth succession, gifts and last wills. In addition to covering estate planning, investment and related dispute resolution, associate Arno Zimmermann is also experienced in the establishment and maintenance of private foundations. The team's offering further includes asset planning and transfers, company restructuring and advice to heirs.
Private foundations, succession and inheritance law are the core focus at Graf & Pitkowitz. The firm's broad range of services for private clients also includes strategic counsel on wealth management and tax law issues within Austria as well as in a cross-border setting. Practice head Armenak Utudjian has vast experience with succession planning for high-net-worth individuals, for example implementing private foundations, probates and testaments. Key support comes from associate Stefanie Swatek, who is able to draw on her knowledge of real estate law to assist private clients.
‘We appreciate their business- and solution-driven approach and fully recommend this firm.’
‘In the field of private wealth and foundation law we work with Armenak Utudjian. He is an excellent lawyer, he is very experienced mainly in this field. He and his team work very professionally, they respond quickly and make no mistakes.’
4 M Privatstiftung
- Advising the Bene Privatstiftung foundation on asset management, including real estate matters.
- Advising the Motycka Privatstiftung family foundation on asset management issues including real estate.
- Advising andra Privatstiftung family foundation on a substantial participation in a well-known holding company.
Müller Partner Rechtsanwälte
Müller Partner Rechtsanwälte fields a strong private client team focused on the establishment, restructuring and ongoing adaptation of private foundations and their sub-foundations. Team heads Katharina Müller and Martin Melzer both sit on the board of several private foundations and advise founders and beneficiaries, as well as board members. The duo also have strength in succession planning and testamentary dispositions as well as assisting with the organisation and implementation of charitable and philanthropic projects. The team also handles large-scale transactions in cooperation with the firm's corporate department.
‘A small-scale, but highly qualified and experienced team of partners with outstanding knowledge of civil-law issues of the Austrian non-charitable private foundation (Austrian Privatstiftung).’
Saxinger, Chalupsky & Partners Rechtsanwälte GmbH (SCWP Schindhelm)
Saxinger, Chalupsky & Partners Rechtsanwälte GmbH (SCWP Schindhelm) advises family businesses and private foundations in its native Upper Austria and beyond. Corporate succession, divorce, company law, restructuring and M&A are part of the workload. Gerald Schmidsberger and Birgit Leb jointly head team and have a particular focus on multi-disciplinary matters. Schmidsberger, who operates from the Wels office, is well versed in handling legal questions concerning investment funds and trusts as well as transactions. Linz-based Leb regularly assists with articles of association, preliminary marriage agreements and other associated contracts.
Greiner Holding AG
- Advising Greiner Holding AG on several family issues (marriage, inheritance, gifts and powers of attorney) arising from an intra-group restructuring.
Schindler Attorneys has expanded its service portfolio beyond its traditional strength in transactional work to cover a variety of private client demands including art, private foundation law and overlaps between inheritance and corporate law. Clemens Philipp Schindler, who is also a qualified tax adviser, jointly leads the together with succession planning expert Martin Picherer and Philipp Hoyos, an established litigator with expertise in divorce and matrimonial disputes. Senior associate Katharina Schindler specialises in private client issues related to corporate law and is also admitted in Germany.
‘Great team, good atmosphere, very experienced in M&A, Tax and Private Clients.’
‘Clemens Schindler is extremely well-connected in Austria, Vienna and internationally. Quick and practical.’
Hypo Alpe Adria Mitarbeiter Privatstiftung
DLA Piper Weiss-Tessbach acts for Austrian entrepreneurial families on the structuring and protection of their assets, for instance in preparation for a takeover by the next generation. Practice head Christoph Mager has a core focus on multi-jurisdictional asset structuring for high-net-worth individuals. The firm's service offering is complemented by Dimitar Hristov's tax advice for clients from the CEE/CIS region and Elisabeth Stichmann's in-depth knowledge of Austrian private foundations.
Thanks to the combination of Elmar Drabek's knowledge of immigration law and Paul Doralt's experience in tax law and corporate restructuring, DORDA Rechtsanwaelte GmbH is instructed by an increasing number of Eastern European and Russian private clients. Drabek and Doralt assist primarily with the organisation of corporate succession, in particular the establishment of Austrian private trusts. Other areas of expertise include estate planning, structured finance and cross-border reorganisations.
‘Diverse skill sets built on a strong tradition and extraordinary network making this the best mid-size firm in Austria for international clients.’
‘Paul Doralt finds practical solutions where others find obstacles.’
‘Paul is sharp with excellent analytical skills and a very international outlook, yet risk averse and cautious in the delivery of his advice.’
Schmidt Chiari Family Trust
Integral Family Trust
Welser Family Trust
Sirius Family Trust
Freshfields Bruckhaus Deringer
PwC Legal Austria-oehner & partner's private wealth team has a core focus on next generation solutions and corporate governance structures. Practice head Daniela Steiner primarily acts for family businesses, their successors and ultra-high-net-worth individuals. Corporate and M&A team head Christian Öhner advises private clients on private equity and venture capital transactions. The team was bolstered at associate level by three new arrivals in 2019.
‘They react very quickly to enquiries and process the tasks very quickly and effectively. In case of problems you get immediate feedback and a pragmatic solution proposal.’
‘Daniela Steiner and her team, especially Dragana Suman as well as Sofya Usmanova, always deal with requests very quickly, effectively and with very high quality. They also inform the client regularly.’
Siemer-Siegl-Füreder & Partner, Rechtsanwälte
Siemer-Siegl-Füreder & Partner, Rechtsanwälte advises private clients on the management, structuring, investment and transfer of assets. Practice head Hannes Füreder is able to draw on his network in private banking and accounting to provide assistance with investments in industrial holdings, real estate and art collections, among others.