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BINDER GRÖSSWANG Rechtsanwälte GmbH
Department profile | BINDER GRÖSSWANG Rechtsanwälte GmbH
Restructuring/Insolvency

About

Provided by BINDER GRÖSSWANG Rechtsanwälte GmbH

Binder Grösswang comprehensively advises clients in all areas of insolvency law and in the case of restructurings and reorganisations. We advise investors, banks and companies facing business partners that are in a financial crisis as well as companies that are in financial difficulties. The scope of our services is supplemented by a focus on refinancing. In insolvency-related questions arising in transactions, our experts work closely with the transaction teams of Binder Grösswang.

FOCUS

Advising creditors and companies (and their shareholders or executive bodies) on out-of-court restructurings and in insolvency proceedings, representation of creditors and protection of creditor positions in insolvency situations as well as advice on the granting and enforcing of securities, cross-border insolvencies, issues relating to capital maintenance, (vicarious) liability and rescission, reorganisations and refinancing, acquisition of non-performing loans, acquisition of assets or businesses from an insolvent estate or from sellers in financial difficulties (distressed M&A).

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Austria

1
Band 1

What the Team is Known For

BINDER GRÖSSWANG is home to a highly reputed team, advising well-known clients on a variety of restructuring and insolvency issues. The law firm enjoys a particularly strong standing among creditors as well as international debtors for its strength in complex and large cross-border mandates. Key areas of expertise include company insolvencies, debt and financial restructurings and distressed M&A. Furthermore, clients benefit from the firm's prowess in handling large refinancings. In addition, BINDER GRÖSSWANG often represents clients in insolvency-related litigation, rendering it a strong choice for diverse and comprehensive mandates. Besides international banks and investors, the firm also acts for corporates from the manufacturing and energy sectors.

Strengths

Provided by Chambers

"Lawyers at BINDER GRÖSSWANG are extremely supportive to provide tailor-made solutions."

Restructuring/Insolvency respondent
Europe

"BINDER GRÖSSWANG has sufficient resources and capacity to respond to unplanned but extremely urgent matters in a reasonable time."

Restructuring/Insolvency respondent
Europe

Notable Practitioners

Provided by Chambers

Gottfried Gassner
2
Gottfried Gassner
2
Band 2

Gottfried Gassner is sought after by international debtors and creditors for his handling of complex corporate and financial restructurings, distressed M&A and insolvency-related litigation.

"Gottfried Gassner provides very short response times and has a pragmatic approach matched with deep legal knowledge."

"His analytical skills helped to route the solutions in the right direction."

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Georg Wabl
4
Georg Wabl
4
Band 4

Georg Wabl is involved in some of the market's most high-profile insolvencies. He is often sought after for assistance on cross-border restructuring, distressed M&A and insolvency matters.

"Georg is very visible, provides very short response times and is especially strong in cross-border matters."

"Georg is a quick thinker and an excellent advocate. He has an economic and very practical approach to finding effective solutions."

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Ranked Lawyers at
BINDER GRÖSSWANG Rechtsanwälte GmbH

Provided by Chambers
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Band

Austria

Restructuring/Insolvency
Gottfried Gassner
2
Gottfried Gassner
2
Band 2
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Georg Wabl
4
Georg Wabl
4
Band 4
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Members

Provided by BINDER GRÖSSWANG Rechtsanwälte GmbH

Clients

Provided by BINDER GRÖSSWANG Rechtsanwälte GmbH

Ad Hoc Group including Commerzbank AG and others

Landesbank Baden-Württemberg

Leading international engineering group

Lenzing AG

Several German banks

Volksbank Wien

Vorarlberger Landes- und Hypothekenbank

Wietersdorfer group

Industries

Provided by BINDER GRÖSSWANG Rechtsanwälte GmbH

Automobiles & Parts

Banks

Commercial & Professional Services

Consumer Product Manufacturing

Financial Services

Food & Drink Producers

Industrial Engineering

Software & Computer Services