ArticleContingent Equity Facilities – A Good Alternative when Commercial Banks are Reluctant to FinanceIn continental Europe businesses are still highly dependent on commercial lending. While some of them have tapped the debt and equity capital markets, the reluctance of commercial banks to finance CAPEX or R&D absent a very strong balance sheet has left a vacuum.
ArticleAustria's Sustainability-linked Bond Market: A SnapshotIn 2023 we advised a client in connection with the issuance of the first sustainability-linked bond by an Austrian corporationAustriaFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleSuspected COVID-19 Insolvency – What To Do?Consequent to the recent COVID-19 Emergency Measures Ordinance, many enterprises are faced with another "hard" lockdown.AustriaInsolvency/Bankruptcy/Re-StructuringPreslmayr Rechtsanwälte OG
ArticleEuropean Commission Proposes EMIR Reform That Will Minimise The Clearing Obligation For NFC And Certain FCOn 4 May 2017, the European Commission published its proposal for an amendment of the European Market Infrastructure Regulation (EMIR). European UnionFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleHigh-Level Expert Group on Sustainable Finance delivers early recommendationsOn 13 July 2017, the High-Level Expert Group ("HLEG") on Sustainable Finance published its interim report ("Interim Report") setting out concrete steps to create a financial system...European UnionFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleCouncil of the European Union Adopts Amendments to Prospectus DirectiveThe amendments to the Prospectus Directive aim to address deficiencies in the existing legal framework relating to securities prospectuses with a view of improving legal clarity and reducing burdens for issuers and intermediaries, while at the same time enhancing investor protection. AustriaFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleTo The Point: Financial Regulation L 05/2023Welcome to our to the point newsletter. Every month we look back at the most relevant developments in the area of financial regulation in the CEE region.European UnionFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleNew Trends In Equity OfferingsAlthough the Vienna Stock Exchange has not seen any IPOs recently, a number of Vienna listed companies have recently increased or are planning to increase their share capital by way of a rights issue.AustriaFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleNew Trends in Equity OfferingsAlthough the Vienna Stock Exchange has not seen any IPOs recently, a number of Vienna listed companies have recently increased or are planning to increase their share capital by way of a rights issue. AustriaFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticlePrivate Investments In Public Equity (PIPE) - A Form Of Equity Financing That Has Regained PopularityThe last few months were dominated by out of control stock markets and a previously unseen liquidity crunch.AustriaFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleNew EU M&A Framework In The Banking, Insurance And Investment SectorsThe qualification and background of the shareholders of regulated financial services providers (such as credit institutions, insurance undertakings and investment firms), their commercial and strategic aims and the quality and source of the funds available to them for acquisition or for injection into an Austrian regulated institution has always been of interest for supervisors. AustriaFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
Article„Schulden sind heute das beste Investment"taaten sollten ihre Entschuldung durch die Geldentwertung nicht auf dem Rücken der Anleger austragen, sagt DORDA-Steuerrechtexperte Paul Doralt.AustriaTaxDORDA Rechtsanwälte GmbH
ArticleEU Listing Act - Significant Changes To The Market Abuse RegimeThe EU Listing Act, which is part of the European agenda to make public capital markets in the EU more attractive, was published in the Official Journal of the European Union on 14 November 2024.AustriaFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleThe EU Capital Markets Union - Mid-Term Review Of The Capital Markets Union Action PlanIn September 2015 the European Commission ("Commission") adopted an action plan on building a capital markets union (the "CMU") (the "CMU Action Plan").European UnionFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleRestructuring Tools For Companies In Economic CrisisAustrian tax law provides various reorganisation tools for companies in an economic crisis.AustriaCorporate/Commercial LawSchoenherr (Schönherr Rechtsanwälte)
ArticleImplementing The Restructuring Directive In AustriaAustria is gearing up to implement the EU Directive on Restructuring and Insolvency (known as the Restructuring Directive). AustriaInsolvency/Bankruptcy/Re-StructuringTaylor Wessing
ArticleTo The Point: Financial Regulation | 10/2024ESAs have published their Final Report on the draft implementing technical standards (ITS) for the European Single Access Point (ESAP)...European UnionFinance and BankingSchoenherr (Schönherr Rechtsanwälte)
ArticleAlixPartners' 2026 H1 DACH Debt Report: Cash Flow Meets Capital StructureCorporate borrowers across Germany, Austria, and Switzerland face a critical challenge as €151 billion in debt matures in 2027, forcing companies to navigate tighter lending conditions, higher financing costs, and diminishing access to alternative capital sources.European UnionFinance and BankingAlixPartners Asia LLC