Austria: Banking Analysis 2015
Non-performing loan transactions are becoming an increasingly active segment of the market. Recent transactions include liquidating non-performing assets of the former Hypo Alpe-Adria Bank in order to preserve as much value as possible. Hedge funds are also becoming more active in the market financing buyouts in place of the banks. We list 15 lawyers who possess the required skills and expertise to guide clients through complex and sensitive deals.
At Wolf Theiss, four individuals stand out. Markus Heidinger is “internationally renowned” for his expertise in banking law and financial markets regulatory matters. He is “sensational” by all accounts. The “intelligent” Claus Schneider has worked on innovative and first-time debt and hybrid issues and is well known for his role advising on bank support measures after the 2008 financial crisis. Nikolaus Paul specialises in investment funds leading the real estate fund initiatives team and the alternative investment fund management team at the firm. Andreas Schmid is a “notable figure” in the finance market.
Schoenherr Rechtsanwälte garners three listings. Peter Feyl specialises in banking and finance law and is “top notch”. The “diligent” Martin Ebner has a broad finance practice encompassing banking and structured finance transactions. Walter Gapp concentrates on banking and finance transactions including regulatory law. He is “highly knowledgeable” on Basel III and Solvency II.
Two lawyers are recommended at Freshfields Bruckhaus Deringer. Friedrich Jergitsch is the managing partner of the Vienna office. He specialises in banking and finance as well as regulatory issues and is “highly skilled” according to peers. Florian Klimscha concentrates on banking law and debt financing transactions and is a “skilled negotiator”.
At Binder Grösswang Rechtsanwälte, two lawyers are also recommended. Stefan Tiefenthaler’s experience includes advising the financing banks on a €500 million syndicated loan facility to EVN, and advising on the acquisition financing of listed Turkish paper production plant Dentas by Austrian Prinzhorn Group. Michael Binder also has a “fantastic reputation” in the field with a particularly strong reputation in financial services regulation.
Eisenberger & Herzog’s Marcus Benes has experience advising on cross-border financing transactions throughout central and Eastern Europe. He possesses an “excellent style of delivery” and maintains a “calm demeanour” throughout complex deals.
Raimund Bollenberger at Doralt Seist & Csoklich is noted for his experience in banking and investor protection as well as related disputes.
Head of banking and finance at Baker & McKenzie Georg Diwok “skilfully” advises clients in syndicated and acquisition finance, as well as in banking regulatory matters.
Dorda Brugger Jordis is represented by Tibor Varga, a “solution-finder” who applies a “forensic approach” to cases.