Department profile
Wolf Theiss

Restructuring/Insolvency

Europe Guide 2026 : Austria

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Wolf Theiss

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About

Provided by Wolf Theiss

Our collaborative approach in Restructuring/Insolvency involving practitioners from several legal fields allows us to assist our clients with the best appropriate advice in Austria (and the CEE region).


Our Team
Our Restructuring/Insolvency team consists of a strong collaboration of lawyers from different practice areas primarily insolvency, corporate and finance lawyers who work closely together and contribute to the practice based on their special expertise.


Our Role
We assist in deleveraging bank assets and provide advice on sensitive bankruptcy filings and restructurings to help minimize future legal challenges, potential liability hazards and risks of a successful challenge to a transaction as being preferential or set aside under avoidance rules. We also advise on turnarounds, asset protection and recovery from a commercial perspective as well as in relation to banking, corporate and litigation laws.


Our Cases
We advise on key complex deals in the market, such as the high-profile HETA case: Following the acquisition of Hypo Group Alpe Adria ("HGAA") from Heta Asset Resolution, we have continued to advise Advent International/EBRD, now sole shareholder of HGAA, the (former) banking holding of the SEE network of HETA ASSET RESOLUTION AG ("HETA") comprising seven banks and three leasing companies in seven jurisdictions, in the restructuring of funding lines amounting to EUR 2.2 billion provided by HETA / ultimately the Republic of Austria.

Clients (11)

  • Steinhoff Europe
  • Revetas Capital Fund
  • DDM Group
  • B2 Holding
  • Sempione Fashion
  • LCH Limited
  • Bain Capital Credit
  • Erste Group Bank
  • Commerzbank
  • Galapagos Group
  • MiBa AG

Industries (15)

  • Banks
  • Financial Services
  • Private Equity
  • Funds
  • Insurance
  • Professional Services
  • Public Sector
  • Energy
  • Infrastructure
  • Information & Communications Technologies, Software
  • Real Estate
  • Construction
  • Private Clients
  • Retail
  • Travel and Transport

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Austria

Band 3

What the Team is Known For

Wolf Theiss is well placed to handle a wide variety of complex restructurings across Austria and beyond, often in close co-ordination with renowned international law firms. The team offers high-quality advice on the full breadth of insolvency and restructuring issues, ranging from large corporate and financial restructurings, including asset liquidations, to company voluntary agreements and portfolio sales. Furthermore, clients benefit from the team's long-standing experience in the enforcement of, as well as defence against, insolvency-related claims. The team is regularly mandated by investment firms, banks and corporate creditors, as well as debtors from various industries, including retail. Wolf Theiss enjoys an excellent reputation for working on complex cross-border matters across Europe.

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Strengths

Provided by Chambers

  • Wolf Theiss delivers a high level of quality, with quick responses and a pragmatic approach.

    Restructuring/Insolvency respondentEurope

  • Wolf Theiss is solution oriented, has sector knowledge and boasts good connections to various stakeholders.

    Restructuring/Insolvency respondentEurope

Notable Practitioners

Provided by Chambers

  • Eva Spiegel
    Eva Spiegel

    Eva Spiegel

    Eva Spiegel handles a variety of mandates, including insolvency proceedings and corporate restructurings. Her particular expertise lies in restructuring-related disputes, making her a strong choice for clients seeking contentious and non-contentious representation.

    • Eva Spiegel is very proactive and anticipates problems. She makes it all feel very easy.

      Restructuring/Insolvency respondentEurope
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Ranked Individuals at Wolf Theiss (1)

Austria

Members

Provided by Wolf Theiss

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