Fellner Wratzfeld & Partners > Vienna, Austria > Firm Profile

Fellner Wratzfeld & Partners
SCHOTTENRING 12
1010 VIENNA
Austria

Austria > Insolvency and corporate recovery Tier 1

Fellner Wratzfeld & Partners is a key player in the Austrian restructuring and reorganisation market and has traditionally been best known for its work for credit institutions. This is not least due to the group’s know-how at the intersection with banking and finance as routinely demonstrated by co-heads Markus Fellner and Florian Kranebitter. Both are also experienced in matters that crossover from corporate and M&A, making its restructuring and insolvency offering equally attractive to corporates, who make up a growing share of its client base. This can be seen in the group’s on-going work for the Steinhoff Group, one of Austria’s most high-profile restructurings, providing assistance with the implementation of restructuring measures that began in 2019. The team’s expertise extends to enforcement claims alongside personal liability issues.

Testimonials

‘Good analytics, senior boss available and engaged, personal commitment, super network.’

‘Markus Fellner is one of the stars in corporate restructuring in Austria. Great experience and track record.’

‘We highly appreciate the high quality of advice in all relevant topics as well as the reliable and quick responses.’

‘Markus Fellner is a very tough negotiator with a hands-on approach, well connected and a real deal maker who is always focussed on finding a solution.’ 

‘All areas of law are very well covered. Tasks are handled quickly and expeditiously. Top quality is delivered at the speed of light.

‘Markus Fellner: Holistic, strategic view and very solution-oriented. Recognises the sticking points (weak points) very quickly and offers appropriate solutions.

‘Efficient and strategic.’

‘The team is very responsive and prepared to work to strict deadlines. The practice is well established and has a leading position among Austrian law practices.’

Key clients

BAWAG P.S.K.

Commerzbank AG

Raiffeisenlandesbank Burgenland

Raiffeisenlandesbank Oberösterreich

Revisionsverband eGe

Raiffeisenlandesbank Niederösterreich- Wien AG

SFL technologies GmbH

SFL technologies kft

Steinhoff Europe AG

UniCredit Bank Austria AG

Vorarlberger Landes- and Hypothekenbank Aktiengesellschaft

Work highlights

  • Advising the Steinhoff Group on the implementation of restructuring measures that began in 2019.
  • Advised BAWAG P.S.K., Raiffeisenlandesbank Oberösterreich, UniCredit Bank Austria AG, Commerzbank AG, Vorarlberger Landes- and Hypothekenbank Aktiengesellschaft as the financing banks of the Huber Group; advice was provided as part of the insolvency proceedings of four of the group’s Austrian entities and concerned the financing banks’ contribution in order to secure a reorganisation plan.
  • Advising UniCredit Bank Austria AG on the insolvency of Kremsmüller Industrieanlagen GmbH & Co KG.

Austria > Administrative law and public sector Tier 2

Fellner Wratzfeld & Partners excels in matters relating to environmental law including environmental due diligence, applying for licenses and planning real estate development projects. The firm is further active in a wide range of public law issues, for instance in administrative and procurement law. Practice head Michael Hecht acts on behalf of domestic and international companies, public authorities and interest groups and is often involved in matters such as approval and permit proceedings and environmental impact assessments. Markus Kajaba is further key contact at the partner level.

Practice head(s):

Michael Hecht

Other key lawyers:

Key clients

UIV Urban Innovation Vienna GmbH

Donauturm Aussichtsturm- und Restaurantbetriebsgesellschaft m.b.H

ÖBB Infrastruktur AG

Wirtschaftskammer Oberösterreich

BUWOG – Bauen und Wohnen Gesellschaft mbH

viadonau

Wohnfonds Wien

Province of Vorarlberg

Province of Lower Austria

Work highlights

  • Advising ÖBB Infrastruktur AG concerning the upgrade of the new Lower Inn Valley railway (Unterinntalbahn) in Tyrol.
  • Acting for WKOÖ in appeals relating to the repeal of membership fees from before the Administrative Court and the regional administrative courts.
  • Advising ARGE Oberes Hausfeld on the elaboration and preparation of the EIA submission documents for the project “Oberes Hausfeld”.

Austria > Banking and finance Tier 2

Fellner Wratzfeld & Partners' client roster includes many financial services providers, who regularly instruct the team on a wide range of transactional, regulatory, financing and contentious matters. Its transactional work frequently lies at the intersection with restructuring, an area of key expertise for the team, and includes the sale of non-performing loans, banking M&A and financing restructurings, which is typically led by Markus Fellner. Together with Gregor Schett, he is also a key contact for regulatory and contentious matters, including those with white-collar crime aspects, with Schett routinely taking the lead in collective proceedings. Florian Kranebitter is another key member of the team and typically handles corporate, acquisition, project and real estate financing.

Testimonials

‘We highly appreciate the high quality of advice in all relevant topics as well as the reliable and quick response.’

‘Dr. Markus Fellner is a very tough negotiator with a hands-on approach, well connected and a real deal maker, who is always focussed to find a solution.’

‘The dedication of Florian Kranebitter and his team was tremendous. He answered every call and every email within a short time, even during his holiday. Based on his profound expertise in this field, he advised us well on every topic before we addressed our counterparties, thus providing us with a strong position, good arguments and knowledge of possible pitfalls.’

‘The team is very responsive and prepared to work to strict deadlines. The practice is well established and has a leading position among Austrian law practices.’

‘Personalised advice of the highest legal quality.’

‘The team is very quick and has a pro-active approach. Up until now, they have even been able to meet the toughest deadlines.’

‘Florian Kranebitter has a long experience in the field of financing transactions. I particularly appreciate his pro-active approach, providing solutions for issues that have just been identified (e.g. in the due diligence report). Florian is keen to stick to the agreed fees and only in extraordinary circumstances asks for an increase – but only if such an increase is justified by matters out of his control.’

‘Fellner Wratzfeld & Partner Rechtsanwälte GmbH is a large law firm that can cover all fields of the finance industry on a high level.’

Key clients

BAWAG P.S.K.

Cerberus Capital Management, L.P.

easybank AG

Grandcasino Baden AG

GREENoneTEC Solarindustrie GmbH

Province of Lower Austria

Raiffeisenlandesbank Niederösterreich-Wien AG

UniCredit Bank Aust

VTB Bank (Europe) SE

Work highlights

  • Advising UniCredit Bank Austria on the enforcement of its minority rights resulting from UniCredit Bank Austria’s position as shareholder of the institutions forming the 3Banken Gruppe (3-banks group).
  • Advised BAWAG Group on the acquisition of the online broker Hello bank! Österreich from French financing group BNP Paribas.
  • Advised the Soravia Group on the establishment of a cooperation and the transfer of the IMMO-CONTRACT companies from Volksbanken Group to SORAVIA.

Austria > Public procurement Tier 2

Fellner Wratzfeld & Partners‘ strength in public procurement lies in structuring joint ventures between public bodies and private entities as well as PPP projects. The firm is also active in the areas of procurement-related compliance and innovative procurement procedures, with a focus on the core areas of healthcare, architecture and civil engineering, real estate developments and infrastructure projects. Practice head Michael Hecht  has extensive experience of advising domestic and international companies and public authorities on public procurement matters.

Practice head(s):

Michael Hecht

Key clients

Province of Lower Austria

Bundesimmobiliengesellschaft m.b.H.

City of Vienna

Work highlights

  • Advised Bundesimmobiliengesellschaft m.b.H. (“BIG”) on the structuring of one of the first innovation partnerships in Austria.
  • Advised the Province of Lower Austria on the procurement of complex service contracts in connection with Strategic Environmental Audit Procedures. fwp’s role included structuring and conducting the procurement procedure as well as drafting all documents and agreements.

Austria > Dispute resolution: commercial litigation Tier 3

Fellner Wratzfeld & Partners has a strong profile for financial and banking-related disputes involving fees, foreign currency loans and investments, including those at the intersection with criminal law, as well as corporate and insolvency-related disputes. This is not least based on the firm’s strong advisory capabilities in these segments with Markus Fellner and Gregor Schett as the key contacts for both. Due to this skill set, the group receives regular instructions from banks and national and international corporates.

Practice head(s):

Gregor Schett; Markus Fellner

Key clients

UniCredit Bank Austria AG

Raiffeisenlandesbank Niederösterreich-Wien

BAWAG P.S.K.

Work highlights

  • Advising UniCredit Bank Austria in connection with the enforcement of its minority rights resulting from UniCredit Bank Austria’s position as shareholder of the institutions forming the 3Banken Gruppe.
  • Advising Raiffeisenlandesbank Niederösterreich-Wien on litigation against hundreds of investors asserting claims based on incorrect investment advice when acquiring a share in closed funds.

Austria > Commercial, corporate and M&A Tier 4

Fellner Wratzfeld & Partners acts on banking, real estate and corporate M&A transactions as well as on restructurings. Besides foreign and national corporations and banks, it also advises family offices and private equity houses. Markus Fellner also handles contentious matters. Together with Paul Luiki, Florian Kranebitter and Lukas Flener, he leads the practice.

Practice head(s):

Markus Fellner; Paul Luiki; Florian Kranebitter; Lukas Flener

Testimonials

‘Markus Fellner is very knowledgeable in the banking space and a very energetic counsel. He negotiates very passionately for his client.’

‘Out of the box thinking, solution oriented.’

‘Markus Fellner – top in banking law.’

‘Paul Luiki – international approach.’

‘Strong and efficient Team, always reachable and short response time. Excellent standing in the market, well connected and excellent industry know-how.’

‘Extremely short response times; proven industry expertise.’

‘Working with the team for years now and I am still impressed by the professionalism, speed and precision that is part of the everyday contact/collaboration! We have had a broad range of contacts in the field and are sticking with FWP now for these reasons.’

‘FWP has an outstanding team. We have been working with them for many years regarding various topics.’

Key clients

BAWAG Group

Grand Casino Baden AG

GreenOneTec Solarindurstie GmbH

Hanno-Vito Group

Immobilien Holding GmbH

S.E.M. Servicegesellschaft für Elektrik und Mechanik mbH (Germany)

SORAVIA

Steinhoff Europe AG

UniCredit Bank Austria AG

UniCredit Leasing (Austria) GmbH

BAWAG Group

Grand Casino Baden AG

GreenOneTec Solarindurstie GmbH

Hanno-Vito Group

Immobilien Holding GmbH

S.E.M. Servicegesellschaft für Elektrik und Mechanik mbH (Germany)

SORAVIA

Steinhoff Europe AG

UniCredit Bank Austria AG

UniCredit Leasing (Austria) GmbH

Work highlights

  • Advising UniCredit Bank Austria in connection with the enforcement of its minority rights resulting from UniCredit Bank Austria’s position as shareholder of the institutions forming the 3Banken Gruppe.
  • Advised SORAVIA on the establishment of a cooperation and the transfer of the IMMO-CONTRACT companies from Volksbanken Group to SORAVIA.
  • Advised the BAWAG Group on the acquisition of online broker Hello bank! Österreich from French financing group BNP Paribas.

Austria > Employment Tier 4

Fellner Wratzfeld & Partners advises companies on collective and individual labour law and represents them in legal disputes before courts and conciliation boards. Social plans related to the shutdown of plants, personnel reductions and negotiating work agreements are particular areas of expertise for the firm. Kurt Wratzfeld leads the practice with specialisations in company pension law and civil law. Monika Sturm is another key contact of the employment practice.

Practice head(s):

Kurt Wratzfeld

Other key lawyers:

Testimonials

‘FWP has a very experienced team with some of the best brains of lawyers. unfortunately i don‘t know anything about their billing, but I do know that they help young artists by exhibiting their art and that they promote diversity. They always deliver on time, no matter when you contact them, and with the highest quality.’

Key clients

UniCredit Bank Austria AG

Imperial Tobacco Austria Marketing Service GmbH

Work highlights

  • Providing the client Imperial Tobacco Austria Marketing Service GmbH with continuing advice and representation on all matters of employment law.

Austria > EU and competition Tier 4

Merger proceedings, antitrust matters, and cartel and market abuse issues all feature in Fellner Wratzfeld & Partners’ team's competition workload. A specific strength of the team pertains to insolvency-related matters in addition to merger control issues and assistance with antitrust investigations. Lukas Flener heads the practice, which also advises clients on state aid and compliance.

Practice head(s):

Lukas Flener

Key clients

BAWAG Group

Kika/Leiner Group

UniCredit Leasing (Austria) GmbH

SORAVIA Group

Work highlights

  • Advising the BAWAG Group, headquartered in Vienna, which intends to acquire the online brokerage and online banking services operated under the “Hello bank!” brand in Austria from BNP Paribas SA, headquartered in Paris, by way of an asset deal.
  • Advised SORAVIA on the establishment of a cooperation and the transfer of the IMMO-CONTRACT companies from Volksbanken Group to SORAVIA.
  • Advised Kika/Leiner group on joint filing of the acquisition of all the shares of Kika/Leiner group by the SIGNA group, with market shares above the dominance assumption and a highly concentrated market, including assistance with obtaining clearance.

Austria > Real estate Tier 5

Fellner Wratzfeld & Partners' real estate practice covers a wide range of issues arising from project developments alongside extension and refurbishment projects with particular expertise in public law-related matters, such as planning, zoning and environmental law, which is a reflection of team head Michael Hecht's specialism. Other work includes real estate M&A and litigation.

Practice head(s):

Other key lawyers:

Key clients

ARE Austrian Real Estate GmbH

6B47 Real Estate Investors AG / JTP 3 Alpha GmbH & Co KG

City of Klosterneuburg

Donauturm Aussichtsturm- und Restaurantbetriebsgesellschaft m.b.H.

Fischapark Shopping Center GmbH

FoDo Holding GmbH & Co KG

IKEA Einrichtungen-Handelsgesellschaft m.b.H.

Österreichische Post AG

RK Privatstiftung

SK Projektentwicklung GmbH & Co KG

Soravia Group

Steinhoff Europe

UIV Urban Innovation Vienna GmbH

Viadonau

Wiener Immobilien Group

Work highlights

  • Advised UIV Urban Innovation Vienna GmbH on finding a location for a new multifunctional arena for staging concerts and sports events, including planning and construction law matters and approval proceedings.
  • Advising IKEA Einrichtungen-Handelsgesellschaft m.b.H. on the construction of a store at Vienna’s Westbahnhof station, including plot acquisition.
  • Advised Steinhoff Group on the sale of KIKA/Leiner to SIGNA Group.

The firm: Fellner Wratzfeld & Partners (fwp) was founded in 1999 by Markus Fellner and Kurt Wratzfeld as a law firm advising companies in all legal matters. Since then fwp has grown significantly. With a team totalling more than 130 employees, including more than 70 lawyers, fwp is one of Austria’s top business law firms.

The firm’s work is as international as its cases and clients, and fwp’s close and long-standing co-operation with international law firms is a major key to its success.

Areas of practice: The firm has a team of more than 70 highly qualified legal personnel supplying comprehensive support and advice for their clients. This is ensured through the perfect mix of long-standing, experienced specialists with added sector expertise, working in banking and finance, corporate/M&A, real estate, infrastructure and procurement law, reorganisation and restructuring, and dispute resolution.

Since 2010 fwp has been the exclusive Austrian member of the leading global referral network TerraLex (which has currently been awarded as “network of the year” by The Lawyer) and has actively participated in TerraLex’s business initiatives and meetings. This has resulted in a plethora of referrals both from our firm to TerraLex and from TerraLex member firms to fwp. The emphasis fwp places on cross-border work also is highlighted by our long-standing membership in the Association of European Lawyers (AEL), which provides a strong platform for pan-European cross-border transactions and legal advice.

DepartmentNameEmailTelephone
Banking and finance Markus Fellnermarkus.fellner@fwp.at+43 1 537 70 311
Banking and finance Gregor Schettgregor.schett@fwp.at+43 1 537 70 314
Capital markets Paul Luikipaul.luiki@fwp.at+43 1 537 70 315
Corporate/M&A Markus Fellnermarkus.fellner@fwp.at+43 1 537 70 311
Corporate/M&A Paul Luikipaul.luiki@fwp.at+43 1 537 70 315
Insolvency and restructuring Markus Fellnermarkus.fellner@fwp.at+43 1 537 70 311
Insolvency and restructuring Florian Kranebitterflorian.kranebitter@fwp.at+43 1 537 70 325
Labour Kurt Wratzfeldkurt.wratzfeld@fwp.at+43 1 537 70 316
Intellectual property Markus Kajabamarkus.kajaba@fwp.at+43 1 537 70 322
Real estate and construction Michael Hechtmichael.hecht@fwp.at+43 1 537 70 317
Real estate and construction Lukas Flenerlukas.flener@fwp.at+43 1 537 70 330
Real estate and construction Markus Kajabamarkus.kajaba@fwp.at+43 1 537 70 322
Public law and public procurement Michael Hechtmichael.hecht@fwp.at+43 1 537 70 317
Antitrust and competition Lukas Flenerlukas.flener@fwp.at+43 1 537 70 330
Antitrust and competition Florian Kranebitterflorian.kranebitter@fwp.at+43 1 537 70 325
Dispute resolution Markus Fellnermarkus.fellner@fwp.at+43 1 537 70 311
Dispute resolution Gregor Schettgregor.schett@fwp.at+43 1 537 70 314
Environmental and planning Markus Kajabamarkus.kajaba@fwp.at+43 1 537 70 322
Environmental and planning Michael Hechtmichael.hecht@fwp.at+43 1 537 70 317
Private equity Markus Fellnermarkus.fellner@fwp.at+43 1 537 70 311
Private equity Lukas Flenerlukas.flener@fwp.at+43 1 537 70 330
Central and Eastern Europe Paul Luikipaul.luiki@fwp.at+43 1 537 70 315
Central and Eastern Europe Markus Fellnermarkus.fellner@fwp.at+43 1 537 70 311
Number of lawyers : 70
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TerraLex
Association of European Lawyers

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.

“The quality of our performance is based on the successful development of our teams – this includes taking on board long-serving associates who wish to work with us as attorneys after having successfully passed their exam and being admitted to the Austrian bar association”, emphasises founding partner Markus Fellner.


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.

The quality of our performance is based on the successful development of our teams – this includes taking on board long-serving associates who wish to work with us as attorneys after having successfully passed their exam and being admitted to the Austrian bar association”, explains founding partner Markus Fellner.