Dr Volker Glas > Cerha Hempel > Vienna, Austria > Lawyer Profile

Cerha Hempel

Work Department

Banking & Corporate Finance


Areas of practice:


Admitted 1998, (Attorney at Law), Austria,
Admitted 1998, (Attorney at Law), New York

Volker Glas is Partner at CERHA HEMPEL since 1999 and specializes in capital markets and corporate finance transactions. He represents issuers and underwriters in debt and equity capital markets transactions, corporate borrowers, Austrian and international banks in syndicated loans, acquisition and project financings, and structured finance transactions. In 2020, he and his team advised CA Immobilien Anlagen AG on a successful placement of a EUR 350 million debut green bond (first real estate green bond transaction in Austria) and IMMOFINANZ AG on its successful placement of EUR 500 million benchmark bond issue, but also various SMEs in their financings, e.g. Windkraft Simonsfeld AG on its EUR 15 million self-placed ESG-bond used for the own-funds component of an EIB-financed wind park located in lower Austria or IRMA Investments GmbH, a small real estate development company on a EUR 5 million SME bond placed via a crowdfunding platform.


German, English.


  • Vienna Bar Association
  • New York Bar Association
  • International Bar Association
  • Österr. Amerikanische Gesellschaft (ÖAG)
  • Lex Mundi – The World’s Leading Association of Independent Law Firms


University of New York (LL.M. 1994)
University of Vienna (Dr. iur. 1993)

Lawyer Rankings

Austria > Capital markets

(Leading individuals)

Volker GlasCerha Hempel

Cerha Hempel‘s team is co-led by Edith Hlawati, who also heads the firm’s banking and corporate finance team, and Clemens Hasenauer, head of corporate transactions, which reflects the team’s cross-departmental capabilities and wide-ranging expertise spanning DCM and ECM. Recently, the practice has been particularly active in the former, assisting issuers with the issuance of bonds and advising banks on bond issuance programmes and various regulatory matters. Volker Glas, who represents issuers and underwriters, is another key member of the team. He handles debt and equity capital markets transactions as well as structured finance transactions and other associated transactional and finance matters, while Thomas Zivny is a key contact for corporate bonds and bank issuance programmes. Christian Aichinger, who was promoted to senior counsel in 2020, handles a wide range of capital markets, finance and corporate matters.

Austria > Banking and finance

Representing lenders and borrowers, Cerha Hempel has particular expertise in corporate, project and real estate finance on one hand and banking regulatory and compliance on the other. Peter Knobl is a key contact for the latter segment and has recently been advising on various Covid-19 and restructuring-related issues, among other matters, while Volker Glas and Thomas Zivny regularly take the lead on transactional work alongside matters at the intersection with capital markets. Senior partner Edith Hlawati heads the practice and also stands out for her capital markets expertise.