The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
SCHOTTENRING 12, 1010 VIENNA, AUSTRIA
Tel:
Work +43 1 537 70
Fax:
Fax +43 1 537 70 70
Email:
Web:
www.fwp.at

The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence.

Markus Fellner, Partner

What do you see as the main points that differentiate fwp from your competitors?

There is not one or two big things that we do different from all the others. This is also not our primary goal. What differentiates us are the very many little things of our team’s everyday hard work. We take great pride in having each team member always striving to respond faster, being better organized, digging deeper, arguing with more precision, having a clearer focus, negotiating more skillfully, all towards the ultimate goal of getting extra value for our clients. If I have to put it in one phrase what our clients value most in fwp, it is fwp’s spirit, teamwork and drive in moving things forward to a successful conclusion.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Twelve months is certainly a very short projection period as we at fwp try to anticipate developments or trends several years ahead. Short-term we will certainly see the obvious ones gaining in importance related to technological change, block-chain, cryptocurrencies, data protection, start-ups and fintechs, with growth potential also in complex civil law matters, corporate, financing, as well as related regulation. We will see a strong increase in restructuring and insolvency work once interest rates go up. Growing uncertainty on stock markets will yet again boost real estate deals. Ever more restrictive national and EC legislation will provide an impetus for further growing our strong public law practice. Competition law will become a war zone as authorities harden their grip and competitors discover it as a means of doing business. In disputes, we will see a trend to mass litigation actions. So in a nutshell perfect conditions to further grow our top tier practices, amplified by new technological trends.

What’s the main change you’ve made in the firm that will benefit clients?

Again, it is a bundle of continual adaptions and significant improvements; just to pick a few: as our business is still a people’s business, we constantly work on im-proving our team’s expertise both internally and through lateral hires. Over the past few years, we have placed a focus on deepening our international relationships to offer our national and international clients the high quality one-stop-shop they expect. TerraLex, the international law firm network where our firm is the only Austrian member, last month just won the Global Network of the Year award at The Lawyer’s European Awards in London. And we have cut down on response times to same day response.

Is technology changing the way you interact with your clients, and the ser-vices you can provide them?

Legal Tech is omnipresent and fwp closely tracks progress and explores developments of its own. However, in fwp’s highly specialized fields of tailor-made solutions, technology is not yet ready to tackle these complex tasks and I personally doubt that it will be able to do so in the very near future. Still, technology will help us service clients even faster, for example through new communication channels, search options, organisational tools and internationalization.

Can you give us a practical example of how you have helped a client to add value to their business?

One client came to us in need of desperate help. Their distribution contract had been terminated by a Swiss manufacturer. Without the contract our client’s business was severely endangered. So within a couple of days, with the assistance of our Swiss colleagues, we assessed the prospects of getting a preliminary injunction to enforce the contract in Switzerland and in Austria, neither of which is easy to get. We then successfully got an injunction from a Swiss court within one week of the termination that forced the Swiss counterparty to continue to deliver goods to our clients. This essentially saved our client’s business.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Clients certainly are. fwp early on adopted the principle of “one face to the customer”. As a lawyer is only ever as good as he or she is informed, this principle gives our team the decisive information advantage of having a full picture to fully assess our clients’ strategic needs. In three years’ time, fwp will have further enhanced its client service, will have further adapted to technological change, will have continued to grow its international service network, all while remaining the leading national law firm with a spirited team of top tier lawyers who are part of a full service law firm accompanying clients in achieving their strategic goals.

Legal Developments by:
Fellner Wratzfeld & Partners

  • 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.
    - Fellner Wratzfeld & Partners

Legal Developments in Austria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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
  • Stop! Wait! Move! – No longer Stamp Duty for Residential Homes

    On 12 October 2017, right in a last minute attempt to win undecided voters for one of the political parties, the leaving members of parliament enacted a new tax law. While fundamental changes to the Austrian Tenancy Law had been vividly discussed between the socialist and the conservative parties in recent years, the new law on the abolition of stamp duty falls completely short of what could have been achieved.
    - Dorda
  • European Court of Human Rights: Employers have limited rights to monitor employee communications at

    A landmark decision was issued yesterday (Judgement Bărbulescu v. Romania), a source of debate in the media , in which the European Court of Human Rights clarified the restrictions on monitoring employees in the workplace.