Restructuring/Insolvency
Europe Guide 2024 : Austria
Band 2
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.
Chambers Review
Wolf Theiss is well placed to handle a wide variety of complex restructurings across Austria and beyond, often in close coordination 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 longstanding experience in 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.
Strengths
Provided by Chambers
"The firm is very reliable and provides quick responses."
"Wolf Theiss is top-notch in complicated cross-border matters involving Austria."
"The firm is very reliable and provides quick responses."
"Wolf Theiss is top-notch in complicated cross-border matters involving Austria."
Notable Practitioners
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.
Ranked Lawyers at
Wolf Theiss
Austria
Members
Provided by Wolf Theiss
Clients
Provided by Wolf Theiss
B2 Holding
Bain Capital Credit
Commerzbank
DDM Group
Erste Group Bank
Galapagos Group
LCH Limited
MiBa AG
Revetas Capital Fund
Sempione Fashion
Steinhoff Europe
Industries
Provided by Wolf Theiss
Banks
Construction
Energy
Financial Services
Funds
Information & Communications Technologies, Software
Infrastructure
Insurance
Private Clients
Private Equity
Professional Services
Public Sector
Real Estate
Retail
Travel and Transport