Department profile
Schoenherr

Restructuring/Insolvency

Europe Guide 2026 : Austria


Schoenherr

Rankings

About

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.

Clients (17)

  • ABBAG Abbaumanagementgesellschaft des Bundes
  • HETA ASSET RESOLUTION AG
  • Raiffeisenlandesbank Oberösterreich AG
  • Deutsche Bank AG
  • Volksbank Wien AG
  • Adevinta ASA
  • COVID-19 Finanzierungsagentur Des Bundes GmbH (COFAG)
  • Erste Group Bank
  • Seisenbacher
  • Oberbank
  • UniCredit Bank AG
  • Commerzbank
  • Landesbank Hessen-Thüringen Girozentrale (Helaba)
  • ÖBB-Holding AG
  • Austrian Anadi Bank AG
  • B&C Holding Österreich GmbH
  • ara AG

Industries (8)

  • Banks
  • Financial Services
  • Government
  • Industrial Engineering
  • Real Estate Finance
  • Real Estate
  • Retail
  • Transportation

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Austria

Band 1

Band 1


What the Team is Known For

The law firm Schoenherr is renowned for its excellence in comprehensive restructuring and insolvency mandates, acting for well-established clients across a variety of industry sectors. The team is particularly known for its work on debt restructuring and refinancings. Furthermore, clients benefit from the law firm's strength in distressed M&A, aided by its outstanding M&A practice group. Schoenherr also enjoys a strong reputation among both creditors and 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

  • Schoenherr has the best practice for solving complex issues and providing sustainable solutions.

    Restructuring/Insolvency respondentEurope
  • The Schoenherr team is highly competent, very flexible and solution oriented. It offers an excellent combination of senior expertise and well-trained associates, ensuring both strategic insight and operational efficiency.

    Restructuring/Insolvency respondentEurope

Notable Practitioners

Provided by Chambers

  • Band 1Miriam Simsa
    Band 1Miriam Simsa

    Miriam Simsa

    Miriam Simsa is involved in complex mandates across Austria. She often assists creditors and debtors with large corporate restructurings, distressed M&A and refinancings.

    • Miriam Simsa is the go-to address when it comes to restructuring in Austria.

      Restructuring/Insolvency respondentEurope
    • Miriam Simsa's legal advice and organisation skills are always top level.

      Restructuring/Insolvency respondentEurope
  • Band 4Michael Magerl
    Band 4Michael Magerl

    Michael Magerl

    Michael Magerl is recognised for his experience advising on prominent insolvency proceedings, as well as corporate and financial restructuring matters and distressed M&A.

    • Michael Magerl is always available and really reliable. He is really above many other lawyers.

      Restructuring/Insolvency respondentEurope

Ranked Individuals at Schoenherr (2)

Austria

Members

Provided by Schoenherr

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