Dr Thomas Zivny > Cerha Hempel > Vienna, Austria > Lawyer Profile

Cerha Hempel

Work Department

Banking and Corporate Finance


Areas of practice:


Admitted 2004, (Attorney at Law), Austria
Admitted 2002, (Attorney at Law), New York

Thomas Zivny joined CERHA HEMPEL in 2000 and is a partner since 2008. He is primarily active in the field of capital markets, project finance, healthcare and corporate law. His team advises banks in connection with project financing in the countries of Central and South-Eastern Europe, focussing in particular on real estate financing. The spectrum ranges from financing and restructuring to disposals and covers the entire life cycle of the real estate. In the field of debt capital markets, Thomas advises issuers of corporate bonds as well as bank issuance programmes. Most recently, he advised IMMOFINANZ AG on its successful placement of an unsubordinated, unsecured EUR 500 million benchmark bond issue, as well as CA Immobilien Anlagen AG on a successful debut placement of a EUR 350 million green bond.


German, English, Russian


  • Vienna Bar Association
  • Österr. Gesellschaft für Medizinrecht
  • International Bar Association
  • Lex Mundi – The World’s Leading Association of Independent Law Firms


University of Vienna (Mag.iur. 1997, Dr.iur. 2001)
University of Sheffield, England (1997)
Harvard Law School (LL.M. 1999)

Lawyer Rankings

Austria > Capital markets

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.