Solicitors governing body: Österreichischer Rechtsanwaltskammertag
Competition authority: Die Bundeswettbewerbsbehörde (BWB)
Financial regulator: Die Finanzmarktaufsichtsbehörde (FMA)
IFLR1000 ranking categories for this jurisdiction:
Energy and infrastructure (published June) - Energy and infrastructure
Financial and corporate (published October) - Banking and finance, Capital markets, M&A
The upper echelon of Austria’s legal market is dominated by the country’s larger domestic firms - Binder Grösswang, CHSH Cerha Hempel Spiegelfeld Hlawati, Dorda Brugger Jordis, Schoenherr and Wolf Theiss - with one exception in the form of Freshfields Bruckhaus Deringer.
A clear distinction can be drawn between the stronger domestic firms on the market: those that have expanded internationally into CEE (Central Eastern Europe) and, in some cases, the CIS (Commonwealth of Independent States), and those that opted against this strategy. CHSH, Schoenherr and Wolf Theiss are the most notable proponents of an international model; Binder and Dorda fall into the latter category.
Looking at it from an Austrian context, there was a good rationale behind developing an international network. After the collapse of communism, Austrian businesses – most notably the larger banks and energy companies - expanded aggressively into CEE and, until the financial crisis, markets in the region were hugely profitable.
However, there are benefits to the local model too. Purely domestic Austrian firms can offer clients the greater flexibility of choosing which firms they work with in other jurisdictions. Firms can pick the best firm for any given mandate, or simply work with the leading local firm in a jurisdiction, if the circumstances are right.
Aside from Freshfields, only a few international firms have a presence in Austria, with most choosing to service their clients in the country from Germany. In terms of the size and calibre of their Austrian offerings, CMS and Baker & McKenzie also have significant practices.
Spin-offs from local and international firms in Austria are not uncommon in Vienna. Some lawyers are frustrated by the limited options for partnership; in other cases there are frictions about the direction or remuneration policy of firms. There are a number of recent examples of this trend. Schindler and Partners was formed by partners from Wolf Theiss and Schoenherr; the Vienna branch of Eisenberger & Herzog was established by lawyers from Freshfields in Vienna; and, Benn Ibler is a boutique established by a team from DLA Piper.
Ben Naylor - EMEA Editor
Austrian domestic firm Binder Grosswang has strong financial and corporate practices in all areas covered by the ranking tables.
Banking (lending and financing, and regulatory work) is the firm’s most established practice in the context of rankings. The firm’s M&A team has consistently had a share of the roles on Austria’s high-end deals in recent years. Within these practice areas the firm has notable experience in advising on regulation to banks, representing lenders on project finance deals, and in advising private equity sponsors on primary and secondary transactions.
In the banking and finance area the firm has been involved in acquisition and project financing deals (both new money and refinancing transactions) on the side of the lenders, and some notable borrower side corporate lending.
In capital markets the firm has been active, advising on a number of capital increases, including several deals for regional lenders, and bond issuances (standalone and programmes).
The current research period saw the M&A team again secure a number large mandates, with high value private equity deals and strategic M&A transactions in the financial services sector. A few highlights were representing Constantia Flexibles on the sale of its labels division to Multi-Color, and acting for Pioneer Investments when it divested of its Austrian business to Amundi.
In the projects area the firm is working for sponsors on renewable energy and conventional energy infrastructure developments.
Key clients include UniCredit and Volksbank.
"Excellent advice, very cooperative, open, straightforward and commercial. Helpful both for us as a law firm as well for our ultimate clients." – Banking, M&A, project finance
"Excellent work in the financial services sector, up-to-date market intelligence, very good deal flow, and always accessible." - Banking, capital markets, project finance
"Good quality, professional legal advice at competive rates. Friendly and nice staff." - Capital markets
"Strong capability to work on huge a workload with high quality and fast response time." - Banking
"Great regulatory expert, in particular in the energy area."
"Good, friendly and professional service."
"Great finance skills."
"Excellent manager, leading legal personality with very structured and commercial views."
"Very commercial and hands on acquisitions and real estate lawyer."
bpv Hügel – the Austrian arm of the CEE firm network, bpv – has a strong corporate practice. In the research period notable publishable deals included advising Airlines Group and Vueling Airlines on the take-over of NIKI Luftfahrt, and work for Joyson on its acquisition of M&R. Other, confidential highlights include significant cross border deal in the construction / building materials, automotive and banking sectors.
During the research period the firm’s name partner, and a highly respected corporate lawyer, Hanns Hügel, died.
Key clients of the firm include Immofinanz, Buwog, Bawag, OMV, Verbund, and Erste Group Bank.
CHSH Cerha Hempel Spiegelfeld Hlawati, a large Austrian with a network of offices in Eastern Europe, has strong practices in all ranking categories and is among the market leaders for corporate transactional advice, strategic M&A and equity capital markets, in particular.
Recent banking highlights for the firm tended to be refinancings, real estate financings or regulatory advice, with a mix of borrower and lender work. The matters included several mandates for Erste Group.
In the capital markets space the firm’s notable work has been mostly concentrated around the debt markets. The transactions were mix of equity linked and standard bond issues for issuers, the majority of which were real estate businesses. The firm’s clients included CA Immobilien and S Immo. An equity highlight was an issuer side role for Buwog on a capital increase.
The firm’s M&A team advised on a number is large cross-border deals, several of which were public transactions, in the research period. Most notably it represented OMV on the sale of its Turkish subsidiary, OMV Petrol Ofisi, and acted for RHI on its takeover of Brazilian Magnesita Refratário.
OMV and Telekom Austria are two longstanding clients of the firm.
"Best law firm ever. Albert Birkner is the best lawyer we have dealt with so far." - Banking, M&A
"Broad experience in all banking issues. High level advice." - Banking, project development
"CHSH (Cerrha Hempel) is an excellent firm. Great responsiveness, good business acumen, down-to-earth advice. Great legal knowledge." - M&A, project development
"CHSH is a great law firm, always available at my request and provide competent consulting." - M&A
"CHSH is highly professional, giving information in time even on short notice, and the quality is always outstanding. CHSH perfectly linked all participating parties to close the deal in time. They use clear structures and specialised contact partners." - M&A
"Extremely efficient work, creative solutions, reliable, and professional." - M&A
"Fast response times, excellent negotiation skills, and clear contracts and instructions." - M&A
"Full service law firm with excellent expertise in all areas of law and at all levels (partner, senior associate, junior associate)." - M&A
"Professional law firm with good knowledge and experience in various legal fields." - M&A
"Top specialists in M&A, domestic and international. Highly flexible out of working hours. Deep knowledge in IT, finance, capital markets, telecommunication, and in new business models."- Capital markets
"Very decent, leading austrian law firm." - M&A, restructuring
"Very professional, quick in responding, and give precise answers to questions." - Capital markets
"Great knowledge of the law, knows what clients are looking for. Able to drill down on complicated issues and provide balanced solutions. I like his can-do attitude."
"Perfect. Albert is truly amazing lawyer. Fully dedicated, highly educated and experienced. Very easy to communicate with."
"Deep experience in M&A, capital markets, and IT. Vvery flexible, works nights and weekend no problem."
"Focussed, hands-on mentality, flexible, and finds smart solutions to avoid deadlock."
"Professional attorney, excellent knowledge in his fields of business, very friendly manner, and a practical approach."
"We value his approach and his profound knowledge in connection with all legal and tax matters. He is a true expert in his field. Not sure this guy has any weaknesses."
"Excellent knowledge of all areas of corporate law and M&A, always accurate, and seems to really like his profession."
Clemens Hasenauer, Johannes Prinz
"Outstanding legal expertise and is able to give commercially driven advice."
"Highly experienced, and has a good network contacts to regulatory bodies."
"Excellent corporate and M&A lawyer with a focus on distressed cases."
"Always available, very good communication, and provides perfect input for required structure."
CMS Reich-Rohrwig Hainz, the Austrian arm of the CMS network, has one of the most experienced public procurement practices in the country for large scale infrastructure development. The M&A practice is another od the firm’s practices visible on high-end work.
In the banking area the firm’s recent notable work included a number of large acquisition financings and syndicated loans with the firm acting for the lenders on the majority of the deals. Among the highlights were roles on financings for Novomatic and Constantia Flexibles.
The firm’s recent capital markets work has been varied and included several interesting deals. The firm has been representing the Vienna Stock Exchange (VSE) on restructuring its third market segment and advised the bookrunners on what was first listing of convertible bonds by a South Korean issuer on the VSE.
In M&A the firm’s highlights feature a number of multi-national deals where the Vienna branch handled the Austrian elements, and other smaller but still large in-bound and more local cross-border deals. For example the firm acted or Towerbrook when it bought Schweighofer Fiber and represented Socar on the purchase of a portfolio petrol stations in Switzerland.
In the projects area the firm is working on various developments, representing a mix of private sector developers and the public sector, including on renewable power plants in Russia, a by-pass in Bratislava, and a fibre-optic network in Austria.
UniCredit, Porr, and Strabag are among the firm’s key clients.
"Excellent industry knowledge, very fast and solution-oriented structuring and implementation of finance documentation. CMS manages to work on behalf of the bank and in their best interst - however, also with an eye on the satisfaction of the bank's customer. Their fees are probably on the upper end of the scale, but usually worth the money." - Banking
"Excellent understanding and assistance in an extremely complex multi-party and multinational M&A transaction. Very good in managing all legal parts and parties of the M&A projects. Very good process stakeholder management. Fast realisation and support in all related matters. Excellent advice." - M&A
"Good understanding of client's needs and a pragmatic approach. Comprehensive billing." - M&A, restructuring
"Highly professional, high social and communication skills, strong focus on in-time delivery of answers and documents. Reliable work force and no capacity problems." - Banking, capital markets, project finance, project development
"Highly professional team. We particularly appreciate their pleasant way of negotiation, always keeping the overall relationship with our clients in mind." - Banking
Dorda covers, and is strong in, all areas of financial and corporate work covered by the rankings. The firm is known as one of those more experienced in Austria for equity capital markets, public M&A, and complex finance transactions.
In the banking and finance area the firm’s recent notable work included a number of large corporate financings on the side of the borrower, acting as local counsel. The firm has also provided financial restructuring advice to creditors on several large insolvencies.
The firm’s capital markets highlights were a mix of debt and equity work. Notably it was involved in two IPOs, those of Bawag and Varta, with issuer side roles on both deals. Other significant work included several hybrid bond issues where the firm acted for the bookrunners.
In M&A the firm has been active on public and private cross-border deals in various sectors. A few highlights were representing Sazka in purchasing a larger stake in Casino Austria and acting for a shareholder in ZKW when the company was bought by LG.
Bawag, Erste Bank, and Sazka are some of the firm’s significant clients.
"One of the most reputable law firms in Vienna and Austria. It has a well organised practice. Training and know-how transfer from partners to newly hired young lawyers seems to be very good. The partners' (in particular Tibor Varga's) expertise is outstanding. They also have excellent co-operation with partner law firms in many countries." - Banking, project finance
"Dedicated and solution-oriented." - Capital markets
"Easy to deal with and take a pragmatic approach." - M&A
"Excellent work. First rate quality and responsiveness." - M&A
"Excellent, responsive and pragmatic (in particular compared to the quite lawyerly and formalistic approach you sometimes see with Austrian lawyers/firms)." - M&A
"First contact with Dorda was some years ago when they were representing a counter-party. After finalising that deal we took the opportunity to hire them for our side on our next deal. From then on they are part of each complex transaction we have. We highly appreciate their speed of execution, combined with results at the highest level." - Banking, capital markets, restructuring
"I have been working with lawyers from Dorda for more than ten years. It has always been a pleasure to work the Andreas and Christoph (as well as Tibor Varga on other matters), all of them are highly client-focused, responsive, always on top of things and simply great colleagues to work with. The firm is clearly one of the market leaders in capital markets in Austria." - Capital markets
"Sound business understanding; great sparring partner for structuring and execution of the deals; hands-on and business-oriented; great overall support in the entire deal." - M&A
"Very responsive; high quality of work and work products (no need for major revisions); very friendly and personal. Weakness: sometimes too academic and not pragmatic enough." - M&A, restructuring
"Outstanding business acumen and deal-making mentality; strong sparing partner in all aspects and steps in the deal; agile and flexible; very responsive and accessible."
"Dedicated, solution-oriented and reliable."
"Easy to deal with, pragmatic, responsive."
"Very responsive, very knowledgeable, extremely friendly and good to get along with; high quality work product."
"Excellent counsel. Extremely responsive, cool under fire and a hard worker."
"React 24/7 on complex topics and able to guide us through the contracts."
Fellner Wratzeld & Partner is one of the top firms in the country for insolvency related work. The firm’s expertise in this area extends to transactional advice – restructuring (both corporate and financial) and M&A. The firm is the preferred advisor of a number of Austrian lenders for distressed work. Another area of expertise for the firm is environmental law, and issues relating to environmental impact assessments, for infrastructure projects in particular.
In the banking area the firm’s recent dela highlights included debt restructuring sand refinancings, and work on the refinancing of the acquisition financing for Gas Connect Austria, where it represented the borrowers.
Recent capital market highlights for the firm were predominantly issuer side roles on corporate bonds.
In M&A the firm was active in the banking and financial services sectors, advising on several banking mergers (public and private), and an acquisition of one pension fund by another.
The projects practice has been advising on a number of transport infrastructure developments – railways, tunnels (rail and road), roads and an airport.
Key clients include UniCredit Bank Austria, Bawag, and Raiffeisen Bank International.
"Creative at finding solutions; inspire confidence. Fast learners with regards to functional content." - M&A
"Highly professional and experienced lawyers providing perfect support. Strong analytical and negotiation powers." - M&A
"In-depth knowledge of the business, and provide business-oriented solutions." - M&A, restructuring and insolvency
"We have been working with Christian Thaler on a series of issues of financial instruments (shares, bonds) over the last decade. Christian is a highly experienced and skilled lawyer, who has been steering us through numerous transactions. His advice is provided quickly and is of excellent quality, always bearing in mind our commercial needs and ultimate structuring goals. Apart from capital markets transactions, Christian is also very experienced in financing and other transactional matters and ancillary, capital markets regulatory matters and has been assisting us on these aspects of our business activities. We have also tried other law firms (e.g. in legal questions related to MAR) but their advise was never on the same level of legal excellency as Christian's. Having myself spent almost two decades in private practice, I consider that Christian is certainly among the best in his field in Austria." - Capital markets
"Strong analytical and negotiation power; perfect local network; strong risk management."
"Excellent business understanding; offers creative and business oriented solutions; short term availability if required."
"Excellent network, strong in legal and economic contents. Knows how to play the advisors role perfectly. Ability to win a deal. Staffs his team in the most effective way."
"A proven specialist and veteran in the field of infrastructure projects. He combines excellent interdisciplinary communication skills and a flawless command of academic knowledge and methods. He is well-networked and provides up-to-date information about current trends in the national and international field which enables him to provide an accurate and dependable risk assessment even in unusual phases of procedures before administrative authorities and courts. While adhereing to the highest legal standards, his forte is a pragmatic approach to quickly and successfully solving of immediate problems."
Graf & Pitkowitz is recognised for lending and M&A advice.
The firm’s recent banking work for a borrower on an acquisition financing and a post-acquisition loan for the acquired business.
In the capital markets area the firm advised Lukoil on a substantial capital increase.
M&A highlights in the research period included work for kraftwerk on the management buy-out of the business, in addition to a number of sell side roles for domestic clients selling stakes in their businesses.
Hauser Partners is recognised for M&A advice. During the research period the firm mandates have been concentrated in certain industries – namely, industrial materials manufacturing and construction – and it was involved in several deals where theatre as based in Egypt. The firm’s domestic work included representing buyers acquiring businesses related to paper / pulp production. In Egypt the firm advised Mondi on the acquisition of Suez Bags.
oehner & partner
oehner & partner is PwC’s legal arm in Austria. The firm is active in the banking and M&A spaces, and notable for financial services regulatory advice.
In banking recent work highlights for the firm included assisting lender side financing roles, work banks opening international branches, and work on company to company loans, representing parent companies.
In M&A the firm advised on a cross border deals for a US acquirer buying an Austrian renewable energy business.
DenizBank, Expobank, and Generali Bank are a few of the firm’s new clients.
"Good professionals, flexible, available around the clock." - M&A
Pelzmann Gall has a formal relationship with EY, functioning as its legal arm in Austria. The firm is recognised for corporate transaction advice – M&A and restructuring specifically – and has expertise in Austrian takeover law.
Recent deal highlights include a number of corporate transactions representing public companies, including assisting BWT in its delisting from the Vienna Stock Exchange through a squeeze out, and advising Link Mobility Group on the acquisition of Simple SMS.
"Excellent take-over specialists with a pragmatic approach." - M&A
"Solution driven with in-depth understanding of complex situations."
PHH Prochaska Havranek is recognised primarily for finance work – both corporate lending and for projects.
In banking the firm’s recent highlights a number of large financings involving borrowers in the energy sector, were the firm had a mix of borrower and lender work. The deals included advising lenders on the refinancing for Gasinfrastruktur.
In M&A the firm was mostly involved ion small deals but advised on the domestic aspects of a few large cross border transactions, working for RHI Feuerfest on its merger with Magnesita.
In the projects area the firm’s recent highlights include representing lenders and sponsors on bids (some successful, some not) for PPP projects in the transport and healthcare sectors.
"PHH's banking and finance team is known for their excellent consultation on project financing issues. Moreover, we would like to highlight the team's commitment and knowledge of the industry. Annika Wolf and the team are willing to go extra miles for the client in order to complete a successful transaction. Worthy of note is not only the team's wide and in-depth know-how with regards to financing issues, but also the team's willingness and ability to find the best possible solution for the client, even under pressure. Further, we appreciate that, if required, the team can be reached round the clock." - Project development, project finance
"Responsive, practical, easy to work with, and hands-on." - Banking, restructuring and insolvency
"We deal with Rainer Kaspar and Annika Wolf. We find them very responsive and willing to go the extra mile for clients. We enjoy the partner-led service they offer." - M&A
Austrian boutique Rautner is recognised for banking and capital markets advice, where it is notably experienced on deals in the debt and structured finance area.
Recent work highlights for the firm in the banking and finance area include advising a developer on securing funding to develop a portfolio of wind farms and roles for lenders including Unicredit on providing financing for shopping mall developments.
Among the firm’s recent capital markets highlights were roles representing the banks on a pfandbrief issue by Erste Group Bank and advising Volksbank Wien on a Tier 2 bond issue.
The firm’s recent notable clients include UniCredit, Erste Group Bank, Kommunalkredit Austria, and VTB Bank.
"Rautner has a very strong team, which provides a very high quality of legal services. As a special strength I see their ability to include business considerations in their legal assessment." - Banking, capital markets
"He has many years of experience and a profound knowledge of this area of law. In particular, we value his calm and competent approach, with which he understands to close transactions in an extremely professional and forward-looking manner."
Schindler Attorneys is recognised for M&A and private equity work in particular.
In the research period the firm’s M&A highlights were a mix of stregtc and pivate equity deals. A few highlights were advising Alten on the acquisition of Kämmerer and work for Ares Management on the acquisition of a pan-European real estate portfolio.
Longstanding clients of the firm include ARES, DBAG, Goldmann Sachs or Opcapita
"This is a very solid group of professionals, We cooperate with them and this cooperation has always proved to be highly satisfactory and fruitful." - M&A
"We have come to know Mr Schindler as a very strong and capable lawyer, the same goes for his team."
A large Austrian firm with an international presence Schoenherr has strong financial, corporate and project development practices. The firm’s M&A team is generally involved in all the markets high-end transactions and the firm has an experienced banking and finance group. In the projects area, the firm is known for expertise in public and energy law.
In the banking and finance the firm was involved in several high profile restructurings – where it provided finance advice – and advised lenders on large acquisition financings and syndicated loans.
The capital markets group has been involved in broad variety of work. The highlights were concentrated in the debt side of the markets and included representing Citi on first Austrian credit tenant linked notes issuance, several securitisations, a covered bond issue, and refinancing by way of bond issues, including high-yield.
The firm’s corporate team had another busy period, topping some league tables for value and volume for Austrian deals closed in 2017. A number of the firm’s significant deals were in the banking and financial services sector, including RBI and Raiffeisen Zentralbank Österreich’s merger. Real estate was another busy sector for the practice and it advised on a number of large public M&A deals. Buwog’s and CA Immmo’s takeover were two examples of this. The firm represented the target in the former and the acquirer in the latter.
In projects the firm’s recent mandates have spanned transport (road, rail and airport), utilities, and energy. The firm’s clients have been a mix of public and private sector entities.
Citi, Sberbank, and RBI are a few of the firm’s notable clients.
"Always deliver on time, to the point and without being overcomplicated." - Banking, capital markets
"Excellent expertise in many legal fields important for our company." - Banking, insolvency
"Excellent: quality work, committed, a good network, and experienced." - Project development
"Highly reliable and efficient full-service advice. Knowledgeable in legal and practical issues, extensive transaction experience. Helpful and goal-oriented. Well-connected, very diligent, responsive, thorough, and efficient. One weakness: they could be a bit more enthusiastic in negotiations." - Banking, capital markets
"Strong legal and transaction expertise. Reliable advice and delivery (in line with large, international firms). Strong support in negotiations." - M&A
"The firm is definitely one of the market leaders in Austria and very well connected in the local market which is key for us. However, we are still struggling with the Austrian ways to tackle issues which is not so direct nor responsive compared to other markets we invest into." - Banking
"The law firm works very professionally and has the required manpower. Through appropriate research and with the necessary expertise, we receive the best assistance." - Project development
"This is a very solid group of professionals, We cooperate with them and this cooperation has always proved to be highly satisfactory and fruitful." - M&A
"We enjoy working with this firm. Services rendered are consistently of high quality. They know the market and its requirements, and they do what you want and do not have a tendency to create a big fuss about everything." - Banking, insolvency, project finance
"One of the most solid lawyers for structured finance work in Austria. Very established working relationship for many years."
"Excellent: fully involved, committed, solution-driven, experienced, and collaborative."
"Very much to the point; excellent industry knowledge; and great structuring and drafting skills."
"Outstanding technical skills, a wealth of experience, and very solution oriented and business minded."
"Strong legal and M&A transaction expertise. Strong expertise in corporate law and the financial services sector. Hands-on, reliable advice and delivery, and strong negotiation support."
"Excellent and very pragmatic lawyer."
"Very diligent, responsive, thorough, and efficient."
"Prudent, relaxed and calm, with the best expertise."
Domestic firm Völkl is recognised for banking regulatory advice. The firm’s recent work highlights include advising lenders on restructurings both independently and in the course of mergers.
Longstanding clients of the firm include WSK Bank and Österreichische Apothekerbank.
"Professional work and highly experienced people." - Banking
"A very reliable, high skilled law firm, specialised in the finance sector." - M&A
"An excellent law firm. Very quick and with an in-depth knowledge of the issues they advise you in." - Banking
"Very highly skilled, calm and professional."
"Professional with excellent know-how and communication abilities."
Weber & Co has an experienced capital markets practice and is often instructed by banks (as underwriters, arrangers, etc.) on deals. The firm also advises on lending and M&A transactions.
In the banking area the firm’s highlights included advising lenders on several takeover offers made by Vonovia and other acquisition financings.
The firm’s recent notable capital markets transactions included a number of large bond issues with roles for issuers and coordinators. It advised OMV and Wienerberger as issuers, for example, and represented the global coordinator on a convertible bond issue by CA Immobilien.
BNP Paribas, Erste Group Bank, JP Morgan, and OMV are some of the firm’s recent notable clients.
"Highly responsive and easy to reach. They are up-to-date with the latest legislative developments and market practice. They always show a great deal of willingness to dive into the client's business. Legal advice given is hands-on and, in most cases, easy to implement. Fair pricing and billing." - Banking, capital markets
"Remarkably good quality with exceptional response times. Smaller team, good availability of responsible partner." - Capital markets
"Very competent and fast. Dr Weber and his team are always available. They are very committed and think outside the box. However, sometimes some steps in the process are not communicated long enough in advance (and thus internal resources have to be tied up in the short term)." - M&A
"Extremely responsive, a quick thinker and very hands-on. Has the ability to see the world from his client's perspective."
"Great response times and great quality."
"Dr Weber is outstanding as a lawyer and person. It's a pleasure to work with him."
Wiedenbauer Mutz Winkler & Partner is recognised for M&A work. Most of the firm’s recent deal highlights involved it representing private equity and other funds clients on investments and exits. A deal outside of this, saw the firm act for Austrian state Carinthia in the privatisation of its airport.
Wolf Theiss has good practices covering all areas ranked by the IFLR1000. Banking and finance, debt capital markets, structured finance, and project development are arguably the areas where the firm is strongest. The firm has a network of offices that extends across much of Eastern Europe.
In the banking and finance area the firm’s highlights have been varied in deal type. It has advised borrowers on general corporate loans and new money financings and acquisition financings, represented sponsors on project financings, and provided fin-tech advice to clients.
The capital markets team has worked on number of regulatory capital issues in addition to more standard work. These included a number of large bond issues by banks and insurers.
The firm’s M&A practice has been active on deals across Eastern Europe with a mix of buy and sell side work, some involving private equity and some strategic. A clear highlight was its advice to T Mobile when it bought UPC Austria.
In the projects area the firm has been representing the public sector on a number of hospital developments, including several in Vienna, and various rail and road projects across the country.
Erste Bank, UniCredit, and RBS are longstanding clients of the firm.
"Extremely cooperative, highly responsive, and committed to task. Extraordinary knowledge of international law regulations with excellent ability to find appropriate solutions for making enforceable cross border financings. Respectful problem-solvers and team leaders." - Project finance
"Good level of legal knowledge and ability to push transactions forward." - Banking
"Solution-oriented law firm with a quick grasp of banks' needs." - Capital markets
"Strong finance team across the CEE region." - Banking, project finance
"Wolf Theiss' key strength is that it is really well entrenched in CEE. They are able to provide both a regional perspective from Vienna and deeply rooted local insights in different countries in the region. Their local partners are well connected and up-to-speed with the local legal environment in the countries." - M&A
"Very good work and responsive." - M&A
"Very reliable, pragmatic, quick, solution-oriented." - Project development, project finance
"We have been working with Wolf Theiss for several years, in particular on Austrian and Eastern European M&A matters. They have proven to be very good, responsive and cost efficient."
"Wolf Theiss have provided unconditional support to us as a client, despite our small size and relatively low number of transactions. They show not only the high level of professionalism and in depth knowledge one expects from a good law firm, but also have the ability to look at issues from an economic point of view, understand the problematics beyond the legal context, and find pragmatic solutions." - Capital markets
"Excellent firm with reasonable hourly rates and a presence in jurisdictions in which our company operates and where the presence of top-rated American and English law firms is quite poor." - M&A
"Drove a very thorough due diligence process, and were knowledgeable and up-to-speed in every part of the transaction. Provided very thorough analysis of certain legal issues." - M&A
"Horst is smart, very well organised, reliable and listens well. Operates as a clear ambassador for his firm."
"Up to speed on the particulars of the transaction, always available."
"He is a first class lawyer and relationship partner."
"Excellent client-oriented approach"
"Very strong in corporate law and all M&A matters. Sometimes very unlikely possibilities are also examined with a great deal of meticulousness."
"Strong in fintech, well-connected, familiar with trends and markets. Good overview on the market and all aspect of companies. "
"Very reliable, pragmatic, quick, efficient, solution-oriented, and committed."
"Very responsive and hard-working. Does an excellent job coordinating his Eastern European offices to provide seamless advice."
"Very responsive and knowledgeable, and makes his points in a nice way."
"Very responsive and commercial."
"Marcell has all the characteristics of a person pleasant to work with: always available and ready for discussion; sharing knowledge and making inquiries in different business areas; patient to work with; buoyant personalty with diverse attitude towards business and with social awareness."
"Deal-focussed and very experienced."
"An extremely knowledgeable, agile and smart person, who can be trusted with the most complex of cases and situations."
"Dr Schneider is an efficient lawyer with a very solution oriented approach."