Banking & Finance
Europe Guide 2024 : Austria
Band 4
Email address
[email protected]Contact number
+43 1 319 45 20About
Provided by DSC Doralt Seist Csoklich Rechtsanwälte
Banking law to the point.
Recognized in practice and leading in academia, we know banking law like the back of our hands. Clients rely on us for our in-depth perspective, sector knowledge and industry understanding. From product development, to onboarding process and contract drafting to investor or class actions, our team stands shoulder to shoulder with our clients to find the best possible solutions. Legally and economically to the point.
International perspective.
As one of the best firms in the market, we are a leading competence center for Austrian banking and finance law. As many of our clients operate internationally, we are adept in handling cross-border and multi-jurisdictional matters, especially in banking related litigation.
Areas of expertise include:
- Banking secrecy law: from assignment to investigation proceedings to payment transactions
- Advice on the development of new, innovative banking products
- Financing: from individual loan to standardized bond
- Dispute resolution for banks: from investment advice to foreign currency loans to interest rate swaps
- Legal opinions: from outsourcing to market entry to compound interest
- Consumer law and class action proceedings on the banking side
- Contract drafting B2B and B2C: from car leasing to account contract to Austrian Payment Services Act (ZaDiG) information sheet
Chambers Review
DSC Doralt Seist Csoklich Rechtsanwälte is noted for its strong work for a variety of major Austrian banks. The firm is active on real estate development project financings as well as regulatory topics around loan agreements, compliance and transaction structuring. The team has experience on mandates related to crypto products, and is well versed in cross-border mandates.
Work Highlights
- DSC Doralt Seist Csoklich Rechtsanwälte represented several banks in court proceedings up to the Austrian Supreme Court and Austrian Constitutional Court against a consumer protection agency regarding a law on the deferral of credit payments during the COVID-19 pandemic.
Strengths
Provided by Chambers
"The DSC team is highly experienced in handling complex cross-border matters. I was time and again impressed by how flawless the communication and coordination with them was. For my part, DSC is my first choice for matters involving Austrian law."
"DSC is characterised by its availability at all times and highly competent services within the shortest response times."
"The firm works extremely precisely, recognises and analyses complex contexts and supports us in legally very demanding issues."
"The DSC team is highly experienced in handling complex cross-border matters. I was time and again impressed by how flawless the communication and coordination with them was. For my part, DSC is my first choice for matters involving Austrian law."
"DSC is characterised by its availability at all times and highly competent services within the shortest response times."
"The firm works extremely precisely, recognises and analyses complex contexts and supports us in legally very demanding issues."
Notable Practitioners
Markus Kellner enters the rankings following positive feedback from the market. He assists large banking clients with contentious regulatory mandates.
"Markus has a broad and in-depth knowledge in the area of banking and finance, consumer protection law and contract law."
"Markus Kellner is always there to support and advise us and does not shy away from providing a risk assessment."
"His knowledge of all banking law topics is state-of-the-art."
"Markus Kellner is great in terms of knowledge, he quickly gets to grips with topics, and is pragmatic and solution-oriented. He knows the banking landscape in Austria."