Restructuring/Insolvency
Europe Guide 2024 : Austria
Band 1
Email address
[email protected]Contact number
+43 1 534 37 0About
Provided by Schoenherr
Schoenherr has an outstanding record of advising on restructurings and insolvency-related matters. A dedicated team does not only provide concise advice on insolvency law and related areas of law, but always considers the commercial implications. Well-regarded for its ability to efficiently handle complex, large-scale situations, the team advises on domestic and cross border restructurings, distressed transactions and insolvency-related litigation as well as all other areas of insolvency law.
Schoenherr advises distressed borrowers, lenders, potential investors and foreign insolvency administrators on all matters relating to insolvency law.
The team has acted for a number of Austrian banks, advising on proceedings under the European Union's Bank Recovery and Resolution Directive. In addition, in recent years the team has built a strong track record of advising investors on the acquisition of distressed businesses out of insolvency.
Schoenherr is also permanent counsel to international banking associations in connection with close-out netting issues.
Chambers Review
The law firm Schoenherr is renowned for its excellence in comprehensive restructuring and insolvency mandates, acting for well-established clients across a various of industry sectors. The team is particularly known for its work on debt restructuring and refinancings. Furthermore, clients benefit from the firm's strength in distressed M&A aided by its outstanding M&A practice group. In addition, Schoenherr enjoys a strong standing among creditors as well as debtors for its prowess in handling court proceedings concerning damages claims. As a Vienna-based law firm with an international network, Schoenherr is also recognised for its involvement in cross-border cases across Europe, especially CEE.
Strengths
Provided by Chambers
"The firm provides very sound, pragmatic and to-the-point advice."
"Schoenherr is always available and quite flexible in finding suitable solutions. The firm provides direct access to the partners."
"The firm provides very sound, pragmatic and to-the-point advice."
"Schoenherr is always available and quite flexible in finding suitable solutions. The firm provides direct access to the partners."
Notable Practitioners
Miriam Simsa is involved in complex mandates across Austria. She often assists creditors and debtors on large corporate restructurings, distressed M&A and refinancings.
"Miriam is very customer-oriented, a great team player and always available."
"She is extremely reliable and responsive and has high skill levels."
Ranked Lawyers at
Schoenherr
Austria
Clients
Provided by Schoenherr
ABBAG Abbaumanagementgesellschaft des Bundes
Adevinta ASA
Austrian Anadi Bank AG
B&C Holding Österreich GmbH
COVID-19 Finanzierungsagentur Des Bundes GmbH (COFAG)
Commerzbank
Deutsche Bank AG
Erste Group Bank
HETA ASSET RESOLUTION AG
Landesbank Hessen-Thüringen Girozentrale (Helaba)
Oberbank
Raiffeisenlandesbank Oberösterreich AG
Seisenbacher
UniCredit Bank AG
Volksbank Wien AG
ara AG
ÖBB-Holding AG
Industries
Provided by Schoenherr
Banks
Financial Services
Government
Industrial Engineering
Real Estate
Real Estate Finance
Retail
Transportation