Chambers Europe 2018 on Banking and Finance
Market-leading financing team advising prestigious domestic and international financial institutions as well as corporations. Covers the full range of issues, including banking regulation, syndicated loans, project finance and restructuring matters. Well known for handling large-scale acquisition financings as well as mid-sized deals. Offers strong international capabilities thanks to its solid links with top global firms. Strengths Clients note the team's structured manner of communication, with a source mentioning "very good processing within the team."
Chambers Europe 2018 on Competition
Highly regarded firm offering a comprehensive range of competition-related advice including on abuse of dominance, merger controls and state aid laws. Covers contentious and non-contentious competition and antitrust inquiries, with notable knowledge of distribution issues and supply chain co-operations. Specific industry knowledge in the pharmaceutical, automotive and technology industries, additionally providing competition compliance assistance. Strengths Clients describe the work as "very good, extremely precise and conscientious." One client adds that they particularly "appreciate their good knowledge of competition law and how they apply it in practice, with a sensitive and client-friendly approach." Further clients say the firm "provides excellent service and gets things done."
Chambers Europe 2018 on Corporate M&A
Widely praised for its strength in both domestic and cross-border M&A transactions. Also offers comprehensive pre- and post-transactional corporate support. Assists noteworthy Austrian and international clients with local and multi-jurisdictional restructurings, reorganisations and day-to-day corporate issues. Experienced in the heavy industry, financial services, energy, TMT and real estate sectors. Active in private equity-led deals. Notable cross-border work involving CEE countries. Strengths Sources note the team's credible delivery of advice. A client remarks that "the speed was simply unbelievable," while another praises the team's ability "to get things done within pre-defined timeframes." A commentator describes the group as "practical and solution-oriented team players."
Chambers Europe 2018 on Dispute Resolution
Market-leading dispute resolution team providing excellent litigation advice. Also instructed on high-stakes international arbitration cases. Highly regarded for representing financial services providers, including insurance companies, as well as multinationals and regional authorities. Regularly defends against class actions. Active in real estate conflicts and competition law disputes. Strengths Clients note the team's pre-emptive approach to disputes. "They manage, again and again, to minimise or altogether avoid risks we face, through a correct strategy," a source reports, adding that when disputes go to court, the team offers effective guidance, enabling the client "to bring all proceedings throughout the past years to a satisfying close." Sources praise the group's "around-the-clock availability."
Chambers Europe 2018 on Restructuring/Insolvency
Reputable team with broad expertise that includes corporate and financial restructuring. Highly recommended for distressed M&A transactions and pre-insolvency reorganisations. Widely known for representing local and international creditors, both banks and corporations, where the firm makes use of its outstanding banking and finance practice. Additionally active in insolvency-related disputes. Houses extensive expertise in the financial services, construction, IT and automotive sectors.Strengths Clients highly value the team's cohesion. One in particular is left impressed by the lawyers' "excellent response times and high-quality expertise." Another interviewee reports that the team's work is "very good and detailed," and adds: "The lawyers are very mindful of our position and very practical."
Chambers Europe 2018 on Tax
Expert team providing a wide range of tax advice on corporate transactions, reorganisations, refinancing and joint ventures as well as tax litigation and audits. Also covers compliance and corporate income tax inquiries. Frequently advises financial institutions and large-scale organisations on international tax queries. Assists private clients. Strengths Clients appreciate that the lawyers "provided quick and comprehensive advice and communicated easily with non-legal people."
IFLR 1000 Edition 2018 on Corporate and Financial
"Binder Grösswang is one of Austria’s leading banking law experts and generally strong in transactional work (lending and financing, capital markets and M&A). "“Excellent expertise, high availability, quick responses and high flexibility. Pragmatic, solid advice; candid feedback; friendly and proactive.” – Banking and finance“An excellent law firm with highly experienced lawyers. Very open-minded, deep knowledge of the market and several fields of law, and accessible anytime.” – Banking and finance, capital markets: debt, restructuring“Very fast understanding of the client’s problem and a very practical approach to solve it. Written documents are extremely useable. Great expertise in banking law. Partners are perfect supporters in any negotiation: constructive and target-orientated.” – Investment funds"Professional support with a strong hands-on approach. Strong sector knowledge and expertise. Strong strategic and analytical skills, great availability and very short response times.” – M&A
The Legal 500 2017 on Banking & Finance
‘Cream of the crop’, Binder Grösswang has an ‘outstanding, business-minded’ team, which handles the full spectrum of contentious and non-contentious banking and finance work.
The Legal 500 2017 on Corporate M&A
The ‘very professional, reliable and goal-oriented’ team at Binder Grösswang is well equipped to guide clients through cross-border transactions and restructurings. Michael Kutschera and the ‘very quick’ Bernd Schneiderbauer advised gas operator Snam on the acquisition of a 49% stake in Gas Connect Austria from OMV and OMV Gas & Power. Thomas Schirmer and Markus Uitz are ‘commercially minded and very knowledgeable’
The Legal 500 2017 on Private Client
Andreas Hable and Bernd Schneiderbauer head the ‘service-oriented and professional’ team at Binder Grösswang, which is ‘very good’ at succession, private foundation and investment advisory work while also handling real estate matters.
The Legal 500 2017 on TMT
Binder Grösswang ‘provides great service’ and is particularly active in IT and telecoms matters, while also having notable experience in e-commerce and domain law.
The Legal 500 2017 on Commercial Litigation
Binder Grösswang ‘always thinks one step ahead’ and has a strong practice representing financial institutions as well as clients in the IT, automotive manufacturing, transport and utilities sectors. Christian Klausegger heads the practice, which represented several HETA Asset Resolution creditors in their claims amounting to €5bn against the wind-down company and the Austrian state of Carinthia. Stefan Albiez is ‘a smart and strategic negotiator’.
Chambers Europe 2017 on Banking & Finance
Market-leading financing team advising prestigious domestic and international financial institutions as well as corporates. Covers the full range of issues, including banking regulation, syndicated loans, project finance and restructuring matters. Well-known for handling large-scale acquisition financings as well as mid-sized deals. Offers strong international capabilities thanks to its solid links with top global firms. Strengths "They are hands-on, they understand and anticipate what we want. They are short and precise in writing and excellent in coaching customers." "You can always call them any time, even at a short notice. They are very reachable and they are really on your wave length." "They are very efficient, but at the same time always of the highest level when it comes to quality."
Chambers Europe 2017 on Competition
Widely respected practice advising on abuse of dominance cases, private enforcement claims and merger filings. Covers contentious and non-contentious competition and antitrust inquiries, with notable knowledge of distribution issues and supply chain co-operations. Also skilled in competition compliance mandates. Strengths Market sources appreciate the firm's "clear answers to strategic questions" and "high level of commitment." "They are highly responsive, up to speed and forward thinking on all competition law developments and issues," remarks one client. They add that they have "the know-how to work with the competition authorities and have a big team, so are able to take care of several bigger transactions at the same time."
Chambers Europe 2017 on Corporate M&A
Widely praised for its strength in both domestic and cross-border M&A transactions. Also offers comprehensive pre- and post-transactional corporate support. Assists noteworthy Austrian and international clients with restructurings, reorganisations and day-to-day corporate issues. Experienced in the heavy industry, financial services, TMT and real estate sectors. Notable cross-border work involving CEE countries. Strengths "They are practical, reliable, fast, and they are always thinking from our perspective. I know they will always find a solution to my problems." "In technical aspects they are brilliant. We received excellent legal support. They were always available no matter the time."
Chambers Europe 2017 on Dispute Resolution
Market-leading dispute resolution team providing excellent litigation advice. Also instructed on high-stakes international arbitration cases. Highly regarded for representing financial services providers, including insurance companies, as well as multinationals and regional authorities. Regularly defends against class actions. Active in real estate conflicts and competition law disputes. Strengths Clients note the team's excellent expertise and service, saying: "They deliver in-depth analysis and excellent legal advice. We can rely on their support and they are quick in responding."
Chambers Europe 2017 on Employment
Established employment team notable for its strong client base in the retail sector, as well as in energy, utilities, metal and paper. Acts on a range of restructuring and transactional matters. Extensive experience advising on dismissals and pension schemes, as well as employment agreements and works council topics. Well versed in cross-border matters and contentious claims. Strengths "They reply quickly, are very competent and collaborative and solve all our problems," asserts one source. Multiple clients remark on the firm's speed and responsiveness, with one stating that the team was "very efficient and always worked very fast."
Chambers Europe 2017 on IP
Clients note the firm's flexible approach. "Alongside the high level of technical competence, I also noted the reliability and openness to creative and pragmatic solutions with a clear definition of the risks involved," a client says. "Decisions are made very quickly and they give specific proposals of solutions," another client adds.
JUVE, Ausgabe März/April 2017 zu Bank- und Finanzrecht/Kapitalmarktrecht
„Die Kanzlei unterstrich erneut ihre Position unter den führenden Adressen im Kapitalmarkt- wie auch im Bank- und Finanzrecht. Wettbewerber und Klienten gleichermaßen loben die starke Mannschaft und hohe Präsenz, mit der BG im Markt auftritt.
Ein Mandant hebt etwa die „Fachkenntnisse, das schnelle praktische Verständnis der Problemstellungen sowie die hohe Qualität und Praktikabilität der Schriftsätze“ hervor. Bestes Beispiel für die Schlagkraft der Kanzlei ist ihre umfangreiche Arbeit bei der komplexen Restrukturierung des Volksbanken-Sektors und ihre tragende Rolle beim Heta-Komplex …Darüber hinaus gehört die Sozietät erneut bei Wertpapierprospekten zu den dominierenden Einheiten … Im Bankaufsichtsrecht, das aufgrund der zunehmenden regulatorischen Anforderungen stark nachgefragt wird, kann die Praxis inzwischen 3 Partner vorweisen, darunter auch der aufstrebende, jüngst zum Equity-Partner ernannte Dr. Stephan Heckenthaler. Im streitigen Bereich nimmt BG … eine Vorreiterrolle ein."
Chambers Global 2017 on Banking
Stefan Tiefenthaler is widely celebrated for his pre-eminent work in financing transactions, including cross-border deals. He is described as a "pragmatic, reliable and very knowledgeable banking lawyer," with sources adding: "He exceeds our expectations and we really like working with him."
Emanuel Welten is an active corporate finance lawyer who is popular with clients. "His strength is his analytical way of thinking. He can grasp things very quickly and structure a response very quickly. He is also extremely flexible," a client reports.
Tibor Fabian continues to assist the steering committee of HETA's senior bondholders with ongoing matters relating to the handling of HETA's assets by the Austrian authorities. He is best known for hands-on experience of dealing with distressed assets situations.
New to the rankings, up-and-comer Stephan Heckenthaler is increasingly visible on the firm's highlight transactions, including the ongoing restructuring of Austria's Volksbank sector. Clients praise his "strong technical skills."
Chambers Global 2017 on Capital Markets
Tibor Fabian is highly respected for his contributions in derivatives and DCM as well as for his handling of banking and financing transactions. Clients observe that he is "very analytical, very experienced and exact," adding: "You can tell he has been doing this for a long time."
Florian Khol is highly recognised for his expertise in ECM as well as public M&A. He advised Oberbank on its capital increase transaction. Sources state that "he is great to work with, he's very calm and very experienced. He's a well-rounded, balanced person with great expertise."
Up-and-coming Thomas Patrick Berghammer is an emerging name in DCM and structured products. Clients appreciate his approachable style and strong understanding of the banking industry.
Chambers Global 2017 on Corporate M&A
Michael Kutschera recently advised card complete Service Bank on acquiring DC Bank from UniCredit Bank Austria. He has garnered substantial international expertise from his frequent involvement in cross-border M&A transactions. Clients note his pragmatic approach.
He thinks like a businessman; we don't have trouble explaining the reasoning behind a transaction, he immediately grasps it," clients say of Thomas Schirmer. He is a highly experienced transactional lawyer present on prominent market transactions, including in the CEE region. He recently advised Sberbank Europe on the sale of its majority stake in Sberbank Slovensko to Penta Investments.
Commentators remark that Florian Khol is "incredibly easy to work with, very client-friendly and always very solution-oriented." He is active in public and private M&A, including public takeovers and joint ventures. His recent activity includes assisting Lenzing with its sale of Dolan and European Carbon Fibre.
Chambers Global 2017 on Dispute Resolution
Christian Klausegger is recognised as an outstanding litigator and also acts as arbitration counsel. He represents the majority of the creditors of HETA in their substantial claim in local courts and before the financial regulator. “If I ever needed a litigation lawyer, I would turn to Klausegger because he is clearly leading in that field," a source says.
Experts acknowledge Michael Kutschera as a widely respected arbitrator with particular expertise in international energy arbitration. He is frequently seen acting as chair and co-arbitrator in high-value proceedings, both under Vienna Rules and before the ICC.
Up-and-coming Stefan Albiez continues to be actively present on the firm's key instructions. "He is involved in very interesting and complex disputes,” a source confirms. He assists a strong base of clients in the finance sector and frequently defends banks against class action claims.
Chambers Global 2017 on IP
Ivo Rungg is described as a "very pragmatic, solution-oriented and focused" lawyer who is also "very uncomplicated and direct." He supported Microtec in the protection of its IP assets through R&D and licensing agreements.
Entering the rankings this year, counsel Hellmut Buchroithner is recognised for his skill in licensing agreements and web topics, and also assists clients with trade mark litigation as well as IP portfolio management. Sources praise his "efficient manner and knowledge."
WTR 1000 2017 on IP
“Efficient, practical and entrepreneurial”, WTR 1000 newcomer Binder Grösswang has swiftly moved to the head of the pack for soft IP services. With a long history in contract law and mergers and acquisitions, it dispenses commercially attuned advice on trademark-driven deals; it recently assisted the International Olympic Committee with branding and film rights licensing. A “strong international focus” allows it to “handle cross-border portfolio management smoothly”, as evidenced by its astute management of global brand rights for Estee Lauder, Lenzing and THQ Nordic, and far-sighted prosecution for LVMH. A key ally in the fight against fakes, the firm is hawkish in its pursuit of imitators on behalf of brands such as Harley-Davidson.
IFLR 1000 Edition 2017 on Corporate and Financial
„Traditionally the team is known for its strength in banking and finance work, including regulatory matters, syndicated lending and acquisition, project and structured finance, but in recent years it has earned a reputation for industrious M&A and private equity work. Client feedback on the firm – particularly its corporate transactional work – is excellent. “Decisive success factor for an M&A transaction,” says the COO of an asset management company. “Excellent commitment; full understanding of the commercially important matters; flexible and practical,” notes a partner from an international law firm. Another lawyer says of the M&A group: “A great team to work with. They are super responsive, provide high quality work and, overall, are immensely pleasant to work with.”
JUVE, Ausgabe September/Oktober 2016 zu Gesellschaftsrecht/M&A
Die im Gesellschaftsrecht/M&A zu den führenden zählende Kanzlei erweiterte ihren beeindruckenden Mix aus internat. und österr. Bank-, PE und Industriemandaten erneut … Der Mandatsausbau belegt den Erfolg Binders, mit einer größeren jüngeren Partnerriege anzutreten. Entsprechend nahmen Wettbewerber die Praxis als „sehr aktiv“ wahr. … Die unverändert enge Zusammenarbeit mit internat. Kanzleien verschaffte dem Team zusätzliche Beratungsaufträge für bedeutende PE Firmen.
IFLR 2016 on Energy and infrastructure
Binder Grösswang has an adept public law and regulatory team that is involved in large energy projects and assists in the course of firm’s deals to provide regulatory advice. In the context of the market more broadly the firm is best known for transactional work and recommended for project finance advice.
Clients recommend the firm for its work in the energy and infrastructure sectors. One who it represented on a gas project praises the team for several facets, “accuracy of legal work, excellent handling of work load - especially abroad - and promptness of reply”. Another, who the firm advised on a transport matter, says: “The lawyers are accessible, reply to correspondence promptly and are able to provide a commercial view on things where necessary and appropriate.”
Chambers Europe 2016 on Banking & Finance
"The team provides excellent legal advice with additional commercial understanding and feeling for the client's needs. At the same time it adheres to deadlines and keeps costs in mind. Definitely one of my first points of contact for matters of Austrian law."
"Helpful, understanding, 100% focused on the client, with excellent co-operation in interdisciplinary teams."
Chambers Europe 2016 on Capital Markets
"The lawyers have broad expertise and are easy to work with. As a client, you also get a lot of attention."
"A very responsive and extremely co-operative team. The lawyers were also good at solving problems."
Chambers Europe 2016 on Competition / European Law
"We found the team to be really good, pragmatic, clear in its responses and very solution-focused. "
"BINDER GRÖSSWANG has impressively met our expectations as far as response time and in-depth knowledge of the issues in question are concerned."
Chambers Europe 2016 on Corporate M&A
"It was quite a tense acquisition situation. I have only the highest praise for BINDER"
"The team is very fast and always friendly"
"BINDER has done a fantastic job. The lawyers are responsive and pragmatic, working seamlessly together."
Chambers Europe 2016 on Dispute Resolution
"We are completely satisfied with the quality of the services. The advice was provided promptly and the lawyers were always available."
"The most important thing was that the team was so responsive and helpful. It was very helpful that the lawyers were so reliable."
Chambers Europe 2016 on Employment
"Although BINDER GRÖSSWANG is one of the largest and most recognised firms in Austria, it gives us the feeling that we are important. We particularly appreciate that it works very efficiently and transparently."
"The team is very responsive, uncomplicated and pragmatic."
Chambers Europe 2016 on Tax
"The practice is very experienced with a good background in company structures. The lawyers have long-term vision."
"A very diligent team with a broad and deep knowledge of tax issues."
The Legal 500 2016 on Banking & Finance
A ‘go-to firm for all financing matters’, Binder Grösswang is recognised by clients for its deep experience in the financing of acquisitions, projects and real estate deals, as well as in banking regulatory matters. The ‘highly committed and professional’ team, which is led by Michael Binder and Stefan Tiefenthaler, has ‘very strong links to the Austrian business community’.
The Legal 500 2016 on Corporate M&A
Binder Grösswang’s ‘pragmatic’ and ‘highly professional’ team has profound experience in corporate reorganisations and cross-border transactions and acts for a wide range of sectors, including the financial services, heavy goods, energy, IT and life sciences.
The Legal 500 2016 on Dispute Resolution
With a superb reputation, Binder Grösswang’s ‘very dedicated’ team regularly acts for financial institutions but also has a strong practice representing clients in the IT, automotive, transport and utilities sectors. Christian Klausegger heads the practice, which is representing a number of HETA Asset Resolution creditors against the winding-down company, the Republic of Austria and the Austrian state Carinthia. The ‘detail-oriented’ Ingeborg Edel was promoted to the partnership in February 2015.
The Legal 500 2016 on EU and Competition
The ‘highly dedicated’, ‘practical’ Raoul Hoffer heads Binder Grösswang’s ‘strong’ team, which has specialist expertise covering the full range of antitrust matters and a strong client portfolio across many industry sectors. It advised Novomatic on the acquisition of a stake in Casinos Austria. The ‘very responsive’, ‘clear’ and ‘incredibly knowledgeable’ Christine Dietz is ‘very pragmatic with a good sense of humour’, and ‘always goes the extra mile’.
JUVE, Ausgabe März/April 2016 zu Bank- und Finanzrecht/Kapitalmarktrecht
„Die Kanzlei stellte mit einem erstaunlich starken Transaktionsaufkommen im Kapitalmarktrecht und zentralen Mandaten im Bankrecht unter Beweis, dass sie inzwischen in beiden Bereichen zu den führenden in Österreich zählt. In einem schwachen ECM-Markt sicherte sich das Team ein großes Stück des Kuchens… Im DCM-Bereich überzeugte die Kanzlei mit einer Vielzahl von Emissionen... Dass Binder Grösswang in jeder Hinsicht zu den Top-Banking-Praxen zählt, zeigt ihre Rolle im HETA-Streit, wo sie zusammen mit Kirkland & Ellis die Ad-hoc-Gruppe und somit die wichtigsten Gläubiger vertritt. Beim Zusammengehen von bislang 40 Volksbanken kommt der Kanzlei ebenfalls eine juristische Schlüsselrolle zu …
Stärken: Breite Kompetenz bei Finanzierungen, DCM-Prospekten u. Eigenkapitalmaßnahmen; enges Verhältnis zu österr. Regionalbanken; intensive Vernetzung mit den marktführenden Bank- und Kapitalmarktkanzleien in London und Frankfurt."
The Lawyer, European Awards report, 21March 2016
In a year of strong M&A activity Binder Grösswang is on course for record financial results.
Last year the firm focused solidly on employee satisfaction, with workshops to review how staff and lawyers feel about working at the firm.
But what particularly caught the judges’ eyes this year was the firm’s commitment to corporate social responsibility. Its new ‘we care’ programme saw staff supporting refugees fleeing war in Syria by collecting necessities for those in need.
Chambers Global Guide 2016 on Banking & Finance
Stefan Tiefenthaler handles the full range of structured, project, acquisition and real estate finance transactions. Interviewees say: "He is totally focused on the client and is not only excellent in legal matters, but also has a deep understanding of the commercial aspects of the transaction, which is extremely helpful."
The "very bright" Emanuel Welten recently advised GSO on the financing of the acquisition of a majority stake in Slovenian-listed coating business Helios Domžale. Clients say: "He is very efficient and trustworthy - I trust what he says."
Leading regulatory lawyer Michael Binder is also active on finance transactions, where he remains a well-regarded practitioner.
Commentators describe Tibor Fabian as a "reliable and efficient adviser who knows what he is talking about." He recently assisted Lendico with the establishment of an online lending platform.
Chambers Global Guide 2016 on Capital Markets
Tibor Fabian focuses on debt capital markets instructions, but is also visible on banking and structured finance matters. He co-led the team advising ASFINAG on the establishment of a EUR12 billion EMTN programme.
Department head Florian Khol acts on both equity capital markets matters and M&A. Sources say he is "one of the best equity capital markets lawyers in Austria," adding that he is "extremely responsive." He advised the banks on the spin-off of BUWOG from Immofinanz and BUWOG's IPO on the Frankfurt and Vienna Stock Exchanges.
Chambers Global Guide 2016 on Corporate/M&A
Highly regarded senior corporate lawyer Michael Kutschera divides his time between transactional instructions and international arbitration advice. A client says: "He definitely knows the ins and outs of a transaction." He recently assisted MeadWestvaco with selling its packaging business to ÅR Packaging. He has particular expertise in the energy and heavy industry sectors.
Transactional lawyer Thomas Schirmer is described as "to the point, pragmatic and an excellent team player." One client enthused: "He was able to maintain his composure when things got tense." He was a lead partner in advising Wendel on its acquisition of a majority interest in Constantia Flexibles. He focuses on private M&A instructions.
Market sources describe Florian Khol as "deal-oriented." He advises on M&A and joint ventures, including cross-border transactions. Among recent instructions, he advised Wolseley on a EUR23.2 million sale of its shares in ÖAG to Frauenthal Group. Capital markets is his other area of expertise.
World Trademark Review 1000 2015
The "incredibly experienced" Ivo Rungg of Binder Grösswang enjoys a strong reputation on the transactional side, with a thriving M&A practice and an intimate understanding of the trademark elements of deals. He also comes highly recommended in IP litiogation and enforcement.
Chambers Global Guide 2016 on Dispute Resolution
Top-tier dispute resolution lawyer Christian Klausegger has a wealth of experience across a variety of sectors. He recently represented international banks and IT companies in complex litigation and also high-stakes arbitration cases. "Christian and his team are always very polite, accurate, specific and confident," a client reports.
Michael Kutschera is a highly recognised arbitrator and also acts as counsel. He is well respected for his detailed knowledge of the energy market. He recently sat as arbitrator in a dispute between ČEZ and Elektroprivreda Republike Srpske regarding an alleged breach of contract related to a refurbishment of Gacko power station heard by the ICC tribunal in Vienna.
Up-and-coming Stefan Albiez is particularly active assisting the financial institutions and recently defended banks in a number of class action cases. "He is involved in every step and helped to bring a process to a positive end," a client says.
Chambers Global Guide 2016 on IP
Ivo Rungg is well liked by clients. “He is very personable, focused and responsive," one client reports. He primarily assists with unfair competition cases and enforcement of IP rights. He also advises on the transactions relating to IP assets and e-commerce issues.
IFLR 1000 Edition 2016 on Corporate
Binder Grösswang has a strong corporate team that has grown more noticeable on the market‘s bigger deals.
Some excellent client feedback and work on deals at the top end of the market sees Binder join Tier 1 for M&A. "Flexible, always reachable (seems that they are working 24 hours a day), reliable and always to the point," says one client of the corporate team. "Good preparation, pragmatic execution, efficient communication, thorough follow-up. They felt almost like part of our internal team," is another client's feedback on the M&A team.
The team secured roles on a number of high profile M&A deals, including several cross-border transactions in the packaging sector.
IFLR 1000 Edition 2016 on Banking
Traditionally, Binder Grösswang is known for its excellent banking practice. One client of the firm‘s banking team describes it as „very responsive, very reliable“, adding: „It is a team of experienced Austrian lawyers with significant international flavour. The best independent local law firm in Austria; a pleasure to work with.“
In the banking area, the firm has been working on deals of a stature that are commensurate with its reputation. From the perspective of the Austrian banking sector, arguably the most important matter it has been involved in the restructuring of the ÖVAG and Volksbanken Gruppe.
JUVE, Ausgabe September/Oktober 2015 zu Gesellschaftsrecht/M&A
Kaum ein Deal, bei dem diese im Gesellschaftsrecht/M&A führende Kanzlei zuletzt nicht dabei war. Sei es die Beratung von Wendel beim Kauf von Constantia Flexibles - die größte Transaktion des Jahres 2014 -, der Verkauf von Magna Steyr Battery Systems oder die Begleitung von Lenzing bei mehreren Transaktionen: Überall haben die Anwälte von Binder Grösswang eine zentrale Rolle übernommen. Immer wieder profitiert die Kanzlei von ihren exzellenten Kontakten zu ausländischen Sozietäten, die das Team als local Counsel hinzuziehen. ... Doch kann sich BG auch auf eine sehr starke innerösterreichische Mandantenbasis verlassen. Dass es zugleich noch gelingt, mit der Restrukturierung des Volksbankensektors eines der größten gesellschaftsrechtlichen Mandate des Jahres zu betreuen, liegt nicht zuletzt an der konsequenten Weiterentwicklung der Praxis, die neben etablierten zunehmend jüngere Partner an vorderste Front bringt. … Stärken: Dynamische Partnerschaft. Österreich-Fokus bei Mandanten, traditionell verankert bei Energieversorgern und Banken (mit führender Bankaufsichtsrechtspraxis). Gute Verbindungen nach Westeuropa und in die USA sowie Golfregion ...
JUVE, Ausgabe Juli/August 2015 zu Geistiges Eigentum
Die im Marken- und Wettbewerbsrecht geschätzte Praxis lebt v.a. von den stabilen Beziehungen zu ihren langjährigen Mandanten. Daneben profitiert sie von der wachsenden Bedeutung von IP-Themen für ihre österreichischen Mandanten. Diese greifen vermehrt auf das Team zurück. Eine tragende Säule der Praxis ist inzwischen neben der marktbekannten UWG-Expertise auch die stark ansteigende IP-Begleitung von Transaktionen, was zeigt, wie gut die Anwälte in die Gesamtsozietät integriert sind. Zuletzt war zudem insbes. Ivo Rungg verstärkt im Zusammenhang mit neuen Internet-Top-Level-Domains tätig.
Chambers Europe 2015 on Banking & Finance
Hugely impressive team known for both its transactional and regulatory expertise. Boasts particular strength on international acquisition and project financings, as well as on PPP. Also handles syndicated loans, structured financings and supervisory law matters. Strengths (Quotes mainly from clients): "An excellent team with a responsive and commercial approach."
Chambers Europe 2015 on Corporate/M&A
Leading Austrian firm noted for its ability to handle highly complex, multinational transactions. Handles the full spectrum of corporate and M&A work, including cross-border mergers, acquisition of distressed assets and international reorganisations. A top choice for clients from the energy and finance sectors, as well as heavy industry. Strengths (Quotes mainly from clients): "We appreciate the deep involvement of the partners, as well as their vast experience. The team has a very broad knowledge base which allows it to advise on the full range of legal aspects of an M&A transaction."; "I consider BINDER GRÖSSWANG a premier Austrian law firm – dedicated, pragmatic, diligent and responsive."
Chambers Europe 2015 on Capital Markets
Impressive domestic practice which is equally adept at handling equity and debt projects, as well as advising on takeovers and stock exchange law. Regularly instructed by stock exchange-listed entities, investment funds, issuers and national and international banks.
Strengths (Quotes mainly from clients): "A very good team with a strong reputation."
Chambers Europe 2015 on Competition/European Law
Market-leading competition team held in high esteem by peers and clients alike. Active on the full range of antitrust matters, and recognised for its involvement in major vertical agreement investigations as well as private enforcement and merger control proceedings. Particularly active in abuse of dominance cases of late. Strengths (Quotes mainly from clients): "The team is easy to reach and gets the work done. It has a deep understanding of the mechanics of the industry, for example who the relevant people are to speak to, and understands how the cartel court works. I have an excellent impression of the firm."
Chambers Europe 2015 on Dispute Resolution
Climbs to the top band this year on the strength of excellent feedback for its outstanding litigation practice. Superb track record in the financial sector, especially regarding investor claims, with a growing presence in the IT, automotive and transport industries. Regularly involved in high-profile arbitration matters. Strengths (Quotes mainly from clients): "The firm has a very strategic approach. It is great at dealing with judges and can foresee the next move of the other side, which is one of the main reasons for our success." "The lawyers have brilliant experience representing clients in court and perfect knowledge of the case." "The team not only sticks to the letter of the law but also thinks above, beside and
underneath it and tries to implement a solution."
Chambers Europe 2015 on Employment
Highly regarded market player with an excellent reputation for its employment practice, where it counts several prestigious national companies among its clients. Advises mainly employers on the full range of employment law issues, including management change, negotiations with works councils and employment-related data protection law.
Strengths (Quotes mainly from clients):"The partners are very service-minded and do not stop before they have found the best solution for the client. Billing was fair and very reasonable given the complexity of the issues they had to deal with."
"Technically they're fantastic, which is why I always refer anyone I know to the the firm. I like the lawyers' interpersonal skills a lot too - they are absolutely good value for money and I am truly satisfied."
JUVE, Ausgabe März/April 2015 zu Bank- und Finanzrecht / Kapitalmarktrecht
Sowohl in der Anzahl als auch in der Qualität der Mandate in zentralen Themen machen deutlich, warum die Sozietät im Bankrecht zu den führenden Praxen gehört. … Mit der Begleitung der Neuaufstellung des gesamten Volksbankensektors [hat BG] noch für längere Zeit ein Leuchtturmmandat an der Schnittstelle von Bankaufsichtsrecht und Bankenrestrukturierung, wie es in dem Umfang kaum ein Wettbewerber hat. Auch mit der Bilanz einer weiteren klassischen Domäne der Kanzlei, der Kredit- und Finanzierungsberatung, kann ein Großteil der Konkurrenten nicht mithalten. Daran dürfte sich so schnell nichts ändern, denn BG baut ihren Mandantenstamm stetig aus…. Eine Besonderheit des Teams und vielversprechender Treiber für zukünftige Erfolge bleibt unterdessen die sehr ausgewogene Altersstruktur und Vielzahl z.T. auch jüngerer anerkannter Partner.
Stärken: Breite Kompetenz bei Finanzierungen und (Debt)Kapitalmarktprospekten, enges Verhältnis zu österreichischen Regionalbanken; intensive Vernetzung mit den marktführenden Bank- und Kapitalmarktkanzleien in London und Frankfurt.
Tax Directors Handbook 2015
The expanding tax team at Binder Grösswang handles international matters, litigation, accounting law issues, M&A and restructurings, and maintains ‘close contact with clients’. Andreas Hable and Christian Wimpissinger (who is noted for his ‘outstanding networking power’) are recommended.
JUVE, Magazin für Wirtschaftsjuristen in Österreich, Jänner/Februar 2015 zu Steuerrecht
Zitat: Die im Steuerrecht häufig empfohlene Kanzlei erntet nun die Früchte der vor einigen Jahren angegangenen fachl. u. personellen Erweiterung ihrer Steuerkompetenzen. Die Aufnahme des Salzburger Steuerprofessors Christoph Urtz hat die Praxis v.a. bei der Vertretung in Steuerverfahren merklich nach vorne gebracht […] Zudem baute die Kanzlei ihre im Markt ungewöhnliche Praxis für Rechnungslegung/Bilanzsteuerrecht aus […] Besonders dynamisch entwickelte sich zuletzt die Beratung von HNI, en Bereich, in dem Andreas Hable schon seit Jahren eine beeindruckende Aufbauleistung vollbringt. Das bestätigt: Die Kanzlei wagt es mehr als die meisten Wettbewerber, bestimmte Felder von Null an zu entwickeln. Jüngstes Beispiel dafür ist die steuerl. Beratung von Bitcoin-Unternehmen, wiederum eine Nische, wo BG schnell eine Vorreiterrolle einnahm.
Stärken: (Internat.) Konzernsteuergestaltung, bankennahes Steuerrecht/Finanzprodukte, Steuerbilanzrecht, Steuerverfahren.
JUVE, Magazin für Wirtschaftsjuristen in Österreich, November/Dezember 2014 zu Kartellrecht
Die Kanzlei wird im Kartellrecht häufig empfohlen u. hat mit Dr. Raoul Hoffer einen im Markt sehr präsenten Partner in den Reihen. ... Insgesamt präsentiert sich das Team im Markt sehr gut vernetzt u. mit einem breiten Spektrum an österr. u. internat. Mandanten. Der anerkannte Innsbrucker Partner Dr. Johannes Barbist konzentriert sich seit 2014 verstärkt auf den Ausbau der Beratung zu Compliance-Strukturen u. entsprechenden Schulungen sowie die Schnittstelle zu Vertriebs- u. Lizenzthemen.
IFLR1000 Edition 2015 on Banking
"Binder Grösswang were proactive, responsive, pleasant and creative," says one client who mandated the firm on an acquisition financing. "We engaged many local counsel in many different jurisdictions on this deal and Binder Grösswang were among the most helpful." Banking and finance continues to be Binder's strongest practice.
JUVE, Magazin für Wirtschaftsjuristen in Österreich, September/Oktober 2014 zu Corporate/M&A
Die zu den führenden Corporate-Einheiten zählende Kanzlei gehörte zuletzt zur Gruppe der Akteure im Markt mit deutlich anziehendem Neugeschäft. Als Treiber zeigte sich v.a. die Internet- u. Softwarebranche, für die die Kanzlei eine Reihe wichtiger Transaktionen abwickelte (u.a. für Scout24 u. Software AG). Zudem ist sie visibler als andere in der österr. IT-Start-up-Szene tätig. Daneben … (ist) es v.a. Binder Grösswang …, die zuletzt von einem anziehenden China-Geschäft (in- u. outbound) profitieren konnte(n), wofür die Beratung von AVIC als Gesellschafter von FACC nur der augenscheinlichste Beweis ist. Schließlich nahm auch die Beratung vermögender Privatpersonen u. Familien nochmals deutlich zu, die (häufig über deren Privatstiftungen) beim Generationenwechsel betreut werden und u.a. ein höheres Maß an Internationalität u. Steuerkompetenz einfordern als in früheren Zeiten. Dieser Entwicklung trug die Kanzlei mit der Errichtung einer Fachgruppe Rechnung. Trotz der geschilderten Dynamik hat BG ihre klassische Stärken nicht vernachlässigt: das Referral-Geschäft aus Dtl., USA, UK, ihre sehr aktive Rolle bei der Konsolidierung der heimischen Bankenlandschaft (v.a. div. Fusionen im Raiffeisen- u. Sparkassensektor) u. der Energiebranche. In der lfd. Betreuung wichtiger österr. Corporates spielt die Kanzlei zusammen mit Schönherr ohnehin in einer eigenen Liga.
Stärken: Dynam. Partnerschaft. Österreich-Fokus bei Mandanten, traditionell verankert bei Energieversorgern u. Banken (mit führender Bankenaufsichtsrechtspraxis). Gute Verbindungen nach Westeuropa u. in die USA sowie Golfregion.
Chambers Europe 2014 on Corporate/M&A
A regular presence on international M&A transactions, where it utilises its links with leading international firms to provide global coverage for clients. Considerable expertise in the energy, financial and heavy industry sectors, as well as a robust presence in the media, life sciences and logistics fields. Increasingly handling corporate disputes.
Chambers Europe 2014 on Banking & Finance
Long-standing market leader in financing transactions, also noted for its strength on regulatory matters. Acts for multiple domestic and international financial institutions.
Strengths (Quotes mainly from clients): "The mandate was full of difficulties to overcome – Binder did a great job of solving them.", "The team is hands-on, available when necessary, provides useful papers and meetings, and knows what we need.", "The team has proved to be very versatile. It takes the different interests of clients into account, and really brings added value to transactions. We always get more detail from Binder.", "At the top of the market."
Chambers Europe 2014 on Capital Markets
Comprehensive capital markets coverage, including debt, equity, derivatives and investment funds. One of the market leaders in terms of submitting prospectuses to the Austrian Financial Market Authority (FMA).
Strengths (Quotes mainly from clients): "We were absolutely satisfied with the service the team provided.", "A new-style firm that is doing well."
Chambers Europe 2014 on Competition/European Law
High-calibre competition offering active on many of the market's largest mandates. Continues to attract many new high-profile clients. Acts on abuse of dominance cases, co-operation agreements, dawn raids and merger proceedings, and advises on compliance.
Strengths (Quotes mainly from clients); "I was absolutely satisfied and I really was impressed with the team's performance. The lawyers acted quickly on our behalf and the input they provided was extremely valuable."; "The team knows what results we want. We are not provided with a great thesis - just a clear answer to our question that goes straight to finding a result."
Chambers Europe 2014 on Dispute Resolution
Has a strong financial industry client base, and often assists such clients with high-profile disputes. Also busy with disputes involving state entities, and with disputes relating to the energy, technology and automobile sectors.
Strengths (Quotes mainly from clients): "In all the years of our co-operation this team has never failed to assist us at the highest level.", "The team has excellent consolidated knowledge."
Chambers Europe 2014 on Employment
Impressive reputation for international and domestic projects. Particular focus on the automotive, pharmaceutical and banking sectors. Handles a wide range of employment issues, including changes in management and cross-border mergers.
Strengths (Quotes mainly from clients): "Austrian employment law demands a lot of dedication to understand and anticipate issues. The team really has that dedication and is truly outstanding.", "We were really impressed by the team. What really stood out was the team's consideration of our company and the flexibility of the lawyers." , "The team has done a really fantastic job. The lawyers know exactly how to work out and explain the issues."
Chambers Europe 2014 on Tax
A fast-developing player in the tax market. Frequently acts on international mandates, representing major corporations, equity funds, financial institutions and fashion brands, amongst a range of clients. Also busy with tax litigation and tax related to M&A.
The Legal 500 2014 on Banking and Finance
Binder Grösswang's growing team is 'proactive, no-nonsense and commercially oriented', and is noted for its securitisation and structured finance work. It has also boosted its regulatory practice, and gained new clients.
The Legal 500 2014 on Capital markets
Binder Grösswang's capital markets team, which 'lives up to high expectations', includes Florian Khol and the 'expert' Tibor Fabian, and is noted for its 'solution-based advice'.
The Legal 500 2014 on Central and Eastern Europe
Binder Grösswang, despite having no offices outside Austria, maintains its international practice, particularly in M&A, and is noted for its 'tailor-made solutions' and abilities in cross-border transactions.
The Legal 500 2014 on Corporate and M&A
With an 'efficient and enthusiastic' eight-partner corporate team, Binder Grösswang maintains its position 'among the top firms'. Sector strengths include finance, energy and heavy industry, and much of its work is cross-border.
The Legal 500 2014 on Dispute resolution
With 'ample expertise', Binder Grösswang 'impresses as highly professional'. Stefan Albiez and Christian Klausegger are 'great litigators with tremendous knowledge', Michael Kutschera is recommended for international arbitration.
The Legal 500 2014 on Employment
Binder Grösswang's employment team, led by Horst Lukanec, is considered 'one of the best'. It advises on the establishment of employee representative bodies and election processes, changes of management, working time models, M&A and due diligence, litigation, and data protection.
JUVE, Magazin für Wirtschaftsjuristen in Österreich, März/April 2014 zu Bank- und Finanzrecht
Die Kanzlei besticht v.a. durch die Breite ihrer Beratung und die Zahl der Juristen. Wie in kaum einer Praxis spiegeln sich bei BG Trendthemen besonders früh wider, etwa die Beratung zum AIFMG... Mit der Partnerernennung von Dr. Stephan Heckenthaler betont die Kanzlei die Angebotsbreite, zudem soll er insbes. den Boombereich der vergangenen Jahre, das Bankaufsichtsrecht, weiter stärken. Hier liegt das Team – jedenfalls von der Fülle der Aufträge – jetzt schon mit Abstand an der Spitze des Marktes... Auch bei der Umsetzungsberatung von Basel III genießt die Kanzlei in den Reihen österreichischer Regionalbanken eine besondere Vertrauensposition. Stärken: Breite Kompetenz bei Finanzierungen und (Debt-)Kapitalmarktprospekten, enges Verhältnis zu österr. Regionalbanken; intensive Vernetzung mit den marktführenden Bank- und Kapitalmarktkanzleien in London und Frankfurt.
IFLR Edition 2014 on Banking
Independent Austrian firm Binder Grösswang has one of the strongest banking and finance practices in the country. The firm is particularly strong on lender side representation and has good relationships with some of the country's leading institutions and international banks.
IFLR Edition 2014 on Mergers and acquisitions
The firm's corporate practice has developed during the past two years and its rankings have improved accordingly.
IFLR Edition 2014 on Capital markets
Binder is well regarded in capital markets and as it has grown in stature the firm has increased its market share of the bigger deals.
Financial Times/ Mergermarket European M&A Awards 2013
Binder Grösswang ist "Austrian M&A Legal Advisor of the Year 2013". Im Dezember 2013 vergaben die Financial Times und Mergermarket die „European M&A Awards 2013" an herausragende Investmentbanken und Anwaltskanzleien. Binder Grösswang wurde mit dem „European M&A Award 2013" in der Kategorie "Legal Advisor of the Year - Austria" ausgezeichnet. Der Preis wurde für die M&A-Jahresperformance 2013 vergeben. Als herausragende M&A-Transaktionen von Binder Grösswang wurden insbesondere die Beratung von SIX bei der Akquisition der PayLife Bank, die Beratung von Lenzing beim Verkauf der Business Unit Lenzing Plastics und die Beratung von Verbund beim "three country asset swap" mit der deutschen E.ON und der türkischen Enerjisa Enerji gewürdigt.
JUVE, Magazin für Wirtschaftsjuristen in Österreich, November/Dezember 2013 zu Konfliktlösung
Binder Grösswang. Die im vergangenen Jahr langsam, aber stetig gewachsene Praxis zählt im Prozessrecht zu den führenden Teams am Markt u. wird im Schiedsrecht ebenfalls empfohlen. V.a. die rege Tätigkeit für Banken zeichnet BG aus ... Bei solchen Verfahren dürfte BG in der Vertretung beklagter Institute derzeit die gefragteste Praxis am Markt sein.
Advocatus'13 Clients' Award der Presse
Binder Grösswang ist Sieger in den Bereichen „Banken, Finanzierung, Restrukturierung“ und „Kapitalmarkt“. Die österreichische Tageszeitung „Die Presse“ hat den "Advocatus'13 Clients' Award" in 8 Fachgebieten vergeben. Der Award ging an die Wirtschaftskanzleien, die von Unternehmen die meisten Stimmen in der jeweiligen Kategorie bekommen haben. Binder Grösswang ist in den beiden Bereichen "Banken, Finanzierung, Restrukturierung" und "Kapitalmarkt" als Sieger hervorgegangen. Die Preisverleihung fand am 18.11.13 mit Chefredakteur Rainer Nowak in der Redaktion der Presse statt.
JUVE, Magazin für Wirtschaftsjuristen in Österreich, September/Oktober 2013 zu Gesellschaftsrecht/M&A
Binder Grösswang. Eine in Gesellschaftsrecht/M&A führende Kanzlei, die von Mandanten für ihre „perfekte Kundenorientierung“ und für „Verfügbarkeit, Präzision und Verwertbarkeit der Beratung sowie Hands-on-Mentalität“ gelobt wird. BGs branchenspezifische Restrukturierungs- u. Regulierungsexpertise ist stark nachgefragt. Neben Transaktionen im Bankgeschäft erweist sich ihre Branchenexpertise auch im Energiebereich immer öfter als Wettbewerbsvorteil.
Chambers Europe 2013 on Banking & Finance
THE FIRM This group is best known for its Austrian infrastructure clients, but is also comfortable advising domestic banks and acting as Austrian counsel to international lenders. The team is able to handle the full range of cross-border financial matters, such as advising a Boston-based private equity firm on the financing of the acquisition of a Canadian target. Banking regulatory advice is another strong element of the firm's work. Clients appreciate the high level of partner involvement.
Sources say: "The team did a great job. We would certainly choose it again."
Chambers Europe 2013 on Capital Markets
THE FIRM This solid capital markets team has had another good year despite unfavourable market conditions. The firm worked on Lenzing's secondary public offering as the company's lead Austrian counsel at a time when equity transactions in Austria are rare. The group has also been active in debt markets, and increasingly in non-equity derivatives transactions as counsel to major banks.
Sources say: "Extraordinarily good. Highly capable and with good time management. I would use it for any aspect of capital markets."
Chambers Europe 2013 on Competition/European Law
THE FIRM This team moves up a band this year in recognition of its flourishing practice and positive feedback. It covers the full range of competition work, with mandates related to the banking sector a key area. The team also has a strong dawn raid and cartel practice and often assists clients with merger control proceedings.
Sources say: "The team has a healthy mix of international expertise and a strong understanding of domestic needs." "It has substantial resources and is able to handle the most complex matters."
Chambers Europe 2013 on Corporate / M&A
THE FIRM This highly regarded independent firm has a broad-ranging practice encompassing M&A, corporate restructuring and private equity. Its client list reflects the team's expertise in the financial, automotive and energy sectors.
Sources say: "A high-class firm."
Chambers Europe 2013 on Dispute Resolution
THE FIRM This firm has particular strength in banking and financial services litigation, but it also handles disputes in the energy, TMT, infrastructure and construction sectors.
Sources say: "We are very happy with the team's commitment, approachability and common-sense approach."
Chambers Europe 2013 on Employment
THE FIRM This full-service domestic firm often assists with the employment aspects of restructurings and M&A transactions. It also handles standalone work and represents clients in disputes.
Sources say: "Very fast and very helpful."
Chambers Europe 2013 on General Business Law / SEE
THE FIRM This firm's corporate team is active in the region on cross-border M&A, joint ventures and restructurings. It is ably supported by its competition and tax groups and advises clients from a variety of sectors, including transport, real estate and finance. It assists its clients across SEE through maintaining strong referral relationships with local firms.
Sources say: "The team knew what we required, met our objectives and closed the deal in the way that we wanted."
Chambers Europe 2013 on Intellectual Property
THE FIRM Working out of Innsbruck and Vienna, this firm provides advice on matters ranging from trade mark litigation to copyright, data protection and privacy.
Sources say: "The lawyers are friendly and efficient, and call you back quickly."
Chambers Europe 2013 on Public Procurement
THE FIRM The public procurement team at this full-service firm predominantly advises private bidders on all aspects of the tender process, from preparing bids to challenging the decisions of public authorities if necessary. Clients also include banks, federal states and infrastructure companies.
Chambers Europe 2013 on Real Estate
THE FIRM This team is active across a wide area of real estate law, and often handles building contracts, tenancy agreements and acquisitions and disposals. It gains strength from its close integration with other departments, such as the M&A and tax practices.
Chambers Europe 2013 on Restructuring / Insolvency
THE FIRM Clients are very satisfied with this firm, which draws on expertise from its banking and corporate departments to advise on complex restructurings. It advises on pre-insolvency reorganisations and also handles distressed M&A deals.
Sources say: "Amazing. The lawyers put in all their energy to meet deadlines."
Chambers Europe 2013 on Tax
THE FIRM This team is noted for its cross-border tax practice that specialises in advising banks and investment funds. It represents a variety of international clients. The group advises on the tax-related aspects of M&A, international tax planning for private clients and regulatory law. On the contentious side, it represents clients in tax audits and litigation.
Sources say: "Very knowledgeable and terrific to work with."
The Legal 500 2013 on Banking and finance
Binder Grösswang Rechtsanwälte's experienced team of four partners is led by Michael Binder and Stefan Tiefenthaler. The practice successfully drafted a proposed amendment to the Austrian Banking Act on behalf of 60 banks, and also set up a central body in Austria.
The Legal 500 2013 on Central and Eastern Europe
Binder Grösswang Rechtsanwälte is recommended for its capabilities 'on high-level and complex cross-border' cases in the CEE region. Its team includes 'true experts' in their fields, offering a service of 'great value' to clients. Florian Khol and Andreas Hable in particular are 'very good to work with, providing excellent and client-oriented advice'.
The Legal 500 2013 on Corporate and M&A
Binder Grösswang Rechtsanwälte's sizeable team of seven partners has 'deep experience in the execution of complicated projects at an international level'. In a landmark instruction, the firm provided advice to the Austrian co-operative banking sector (comprising more than 60 banks) regarding the sale of approximately 46% of the distressed Österreichische Volksbanken AG (ÖVAG) to the Republic of Austria; the restructuring, which included the partial nationalisation of ÖVAG, is one of the largest-ever bailout transactions in Austria. Michael Kutschera is 'very experienced' and the 'first point of contact'.
The Legal 500 2013 on Dispute resolution
Binder Grösswang Rechtsanwälte's four-partner team includes Michael Kutschera, who has 'good business acumen' and provides 'good value for money'.
The Legal 500 2013 on EU and competition
'A guarantee of quality', Binder Grösswang Rechtsanwälte has 'a forward-thinking and commercial approach'... Isabelle Innerhofer is 'very solid', and Raoul Hoffer is also recommended, for his expertise across national and EU antitrust issues.
The Legal 500 2013 on Employment
Binder Grösswang Rechtsanwälte's employment team is 'now very recognised in the market', and has 'a forward-thinking and commercial approach', with a focus on the employer side. ... Angelika Pallwein-Prettner and Horst Lukanec are 'excellent'.
The Legal 500 2013 on IT and telecommunications
Ivo Rungg heads a 'diligent' team at Binder Grösswang Rechtsanwälte, and has 'very wide and excellent legal knowledge'.
The Legal 500 2013 on Insolvency and corporate recovery
Binder Grösswang Rechtsanwälte is noted for its 'high level of quality and professionalism'. In 2012 it assisted Österreichische Volksbanken in relation to its financial distress and subsequent part-nationalisation by the Austrian government. The firm was also active on a number of domestic and international restructuring matters. Gottfried Gassner and Thomas Schirmer head the team.
The Legal 500 2013 on Intellectual property and media
Within Intellectual property and media, Binder Grösswang Rechtsanwälte is a second tier firm,The firm is active in efforts against product piracy for a range of luxury goods companies. Ivo Rungg and Hellmut Buchroithner are 'both very fast in answering', and have 'very broad and strong legal knowledge'.
The Legal 500 2013 on Public procurement
Binder Grösswang Rechtsanwälte acts for infrastructure companies, federal states, banks and private companies; its expertise includes analysing tender proceedings. Raoul Hoffer and Johannes Barbist head the team, which is valued for its experience and breadth.
The Legal 500 2013 on Real estate and construction
Noted for its ability to handle complex matters, Binder Grösswang Rechtsanwälte has 'particularly strong resources in many disciplines', and impresses with its 'analytical, original approach to problem solving'.
The Legal 500 2013 on Tax
Binder Grösswang Rechtsanwälte added three new lawyers to its team, led by Andreas Hable and Christian Wimpissinger. It has recently handled international tax auditing, planning and litigation matters for household names, and is noted for its 'knowledge and expertise'.
JUVE, Magazin für Wirtschaftsjuristen in Österreich, März/April 2013
Eine führende Kanzlei im Bankrecht mit perfekter Kundenorientierung. Tatsächlich vermag es BG wie kaum eine zweite, Klienten zu akquirieren u. langfristig an sich zu binden. Die Kanzlei vereint Stärken, die den Unterschied ausmachen: hoch anerkannte Partner, ein sehr großes und breit aufgestelltes Team sowie ein praktisches Gespür für die Themen der Zeit. Mit der Beratung bei der ÖVAG-Neuaufstellung setzte BG Maßstäbe in punkto Bankenrestrukturierung in Österreich. Stärken: Breite Kompetenz bei Finanzierungen u. Kapitalmarktprospekten, enges Verhältnis zu österr. Regionalbanken; intensive Vernetzung mit den marktführenden Bank- u. Kapitalmarktkanzleien in London u. Frankfurt. Die Kanzlei ist im Bank- u. Bankaufsichtsrecht die Benchmark im österr. Markt.
JUVE, Magazin für Wirtschaftsjuristen in Österreich, Januar/Februar 2013
Die Kanzlei, die im Steuerrecht zu den empfohlenen gehört, verfügt ... über eines der größten Steuerteams im österreichischen Anwaltsmarkt. In punkto Internationalität und Bedeutung der Mandatschaft kann sich Binder Grösswang mit führenden Wettbewerbern messen – nicht zuletzt aufgrund ihrer Stärke im Gesellschaftsrecht und der herausragenden Vernetzung mit vielen internationalen Top-Kanzleien... Im Unternehmenssteuerrecht und der bankennahen Beratung bestand an der Qualität ohnehin kein Zweifel mehr.
IFLR Edition 2013 on Banking and Finance
In line with the firm's reputation as one the leading banking practices in Austria, it was active on a handful of deals exceeding the €1 billion mark, which have been scarce in Austria in the aftermath of the financial crisis. The firm has demonstrated the broad capabilities of its banking practice advising on a variety of transactions from acquisition finance, to regulatory matters and syndicated loans... One of the most challenging roles for the firm has been the restructuring of Volksbanken.
IFLR Edition 2013 on Corporate M&A
They brought the transaction together very well. They were very helpful – rather than just legal advice they helped us with the transactions structure, the management presentations. Everything was well organised; they were always available even if they were travelling. In the negotiations they had the right balance between being tough and reaching an agreement.
JUVE. Magazin für Wirtschaftsjuristen, September/Oktober 2012
Eine im Gesellschaftsrecht/M&A führende Kanzlei.
BG genießt eine wachsende Reputation als eine der Spitzenadressen… Punkten kann BG mit einer vergleichsweise ausgeprägten Branchenspezialisierung.
Stärken: Dynamische Partnerschaft. Starker Österreich-Fokus in der Mandantschaft, traditionelle Verankerung bei Energieversorgern u. Banken.
Chambers Europe 2012 on Banking and Finance
Close partner attention and exceptional client care set this firm apart ... The combination of banking and tax capabilities is another big draw. The team acts for large international and Austrian banks, as well as borrowers, offering a wide array of expertise - from acquisition, real estate and project finance to structured finance, syndicated lending and regulatory advice. It has been busy with a mix of restructuring and banking work, including fresh-money deals ... International law firms often choose the firm as local counsel on cross-border transactions.
Sources say: "The firm is highly client-oriented. I'd pick them again." "They're well connected to international law firms."
Chambers Europe 2012 on Capital Markets
This firm has been busy with debt capital markets work involving both corporate and bank bonds. The team has strong ties to issuers, and is particularly valued for its expertise on the domestic market. It often acts alongside international firms on cross-border deals.
Chambers Europe 2012 on Competition/European Law
Sources note this team's innovative streak, strong foothold in the domestic market and strength in litigation. ... Besides running a busy merger control practice, it advises on antitrust proceedings and abuse of market dominance cases.
Sources say: "It was a smooth and easy co-operation." "The perfect partner for merger control work."
Chambers Europe 2012 on Corporate M&A
This team's strong reputation for corporate M&A earns it instructions from prestigious clients ... The group often teams up with foreign firms to act on international transactions, The firm's efficient structure is a distinct advantage, clients note, as it ensures close partner attention and helps to keep costs down.
Sources say: "The advice is pragmatic and always well researched."
Chambers Europe 2012 on Dispute Resolution
The team at Binder Grösswang handles complex cases for clients from a range of industries, including the public and banking sectors. It has been particularly busy with disputes arising from the financial crisis. Other work has included insurance, IT and product liability disputes. On the arbitration side, it has recently acted for clients from the energy and construction industries.
Sources say: "They make me feel like a customer worth fighting for."
Chambers Europe 2012 on Employment
This team has sound international experience and a strong corporate track record, and is much in demand with multinational clients ... It is as adept at tackling employment issues arising out of M&A and restructurings as it is giving day-to-day advice. Clients particularly commend the team's precision and know-how on due diligence reviews.
Chambers Europe 2012 on General Business Law Expertise - South Eastern Europe
With over ten years of experience in the region and an excellent reputation in the Austrian market, it is a good choice for domestic and international clients doing business in SEE and CEE. The team has been particularly active in litigation and arbitration of late.
Sources say: "The law firms they used were very professional and worked well in conjunction with Binder."
Chambers Europe 2012 on Intellectual Property
The firm represents the latter in trade mark infringements, the most recent of which involved an attack on its 3D trade mark. ... Other areas of expertise include licensing, patents and design rights. Clients come from the cosmetics, pharmaceutical, food, telecoms and entertainment industries.
Chambers Europe 2012 on Public Procurement
Clients appreciate this firm's international outlook and experience, and praise the team's responsiveness and proactivity. With offices in Vienna and Innsbruck, it represents bidders and contracting authorities in all stages of the procurement process. Typical work includes drafting and analysis of tender documents, and establishing the obligations of contracting authorities. The team also advises on cross-border procurement matters.
Chambers Europe 2012 on Real Estate
This compact team remains busy with real estate work, assisting a variety of clients with all their property matters. Its strength is on the transactional side. ... As well as handling portfolio and M&A transactions the team covers construction matters, due diligence and tenancy issues.
Chambers Europe 2012 on Restructuring/Insolvency
Best known for representing creditors, this team leaves clients impressed with its timely and succinct advice. The lawyers often advise investors on distressed scenarios, as well as occasionally assisting borrowers.
Sources say: "The work was concise, clear and practical."
Chambers Europe 2012 on Tax
Binder Grösswang's tax team remains much in demand. ... To add to its established corporate client roster, the team is attracting a growing number of private clients. The group's expertise includes tax structuring, redomiciliations, investment funds, capital markets products, and private trusts and succession.
Chambers Europe 2012 on TMT
The TMT practitioners at this firm are drawn from various departments, offering advice that is tailored to each transaction. The group's telecoms and IT work is particularly renowned, with telecoms litigation and arbitration making up a sizeable portion of the work.
The Legal 500 2012 on Banking and finance
Binder Grösswang Rechtsanwälte has an excellent record of advising lenders on complex financing matters and experience advising multinational banks. … Stefan Tiefenthaler and Michael Binder lead the team.
The Legal 500 2012 on Capital markets
Binder Grösswang Rechtsanwälte is competitively priced and usefully has ‘inroads to the FMA and the Vienna Stock Exchange, smoothing the process and helping to avoid misunderstandings before they arise’. The team advised on Lenzig’s €619m ‘re-IPO’ equity issuance. The team also advised a wide range of Austrian banks on corporate bond issuances. Florian Khol has ‘an incredible ability to keep calm even in tense situations’. Michael Binder is recommended for equity work, and Tibor Fabian is strong on derivatives and debt work.
The Legal 500 2012 on Corporate and M&A
Binder Grösswang Rechtsanwälte is ‘proactive, pragmatic, flexible, and at the same time has high attention to detail’…. Michael Kutschera is ‘an outstanding lawyer with excellent economic understanding’.
The Legal 500 2012 on Central and Eastern Europe
Binder Grösswang Rechtsanwälte operates a best-friends alliance across the region. … Thomas Schirmer is ‘a big help in transactions; his diligence, negotiation skills and oversight are important factors’.
The Legal 500 2012 on Dispute resolution
Binder Grösswang Rechtsanwälte has a good record representing financial institutions in litigation and arbitration. … Christian Klausegger is ‘very well versed in tactics and has a good feeling for the aspects to be considered’. Michael Kutschera ‘always knows exactly knows which solution will work’.
The Legal 500 2012 on EU and competition
Binder Grösswang Rechtsanwälte advised City of Vienna and Immofinanz as well as several other bodies in the first major private enforcement proceedings relating to damages from the escalator and elevator cartel case. … Raoul Hoffer heads the practice, which has also been busy with leniency cases. Johannes Barbist is ‘incredibly responsive, has deep knowledge of the substantive and procedural law, and gives highly pragmatic advice’.
The Legal 500 2012 on IT and telecommunications
The Legal 500 2012 on Insolvency and corporate recovery
The Legal 500 2012 on Public procurement
Binder Grösswang Rechtsanwälte recently advised an international service provider on a tender to provide security services at airports, and is experienced in representing financial services clients. Raoul Hoffer leads the team, which also features Johannes Barbist, who ‘finds solutions to problems that work within tight timeframes’.
The Legal 500 2012 on Real estate and construction
The Legal 500 2012 on Tax
Binder Grösswang Rechtsanwälte’s team is ‘energetic and reliable’, and outstandingly responsive. … Practice co-heads Christian Wimpissinger and Andreas Hable are ‘excellent tax experts and professionals’.
IFLR 1000, Edition 2012, on Capital Markets
Binder Grösswang's capital markets team … had a strong year.
IFLR, Edition 2012, on Banking
There is no doubt in the market that Binder Grösswang deserves its place in the top tier. The banking practice is highly regarded among peers. They are one of the only firms in Austria that has banking regulatory know-how.
IFLR, Edition 2012, on Mergers and acquisitions
Binder Grösswang's M&A team … have broad range of experience and they are technically competent.
The Legal 500 2011 on Corporate/M&A
Clients of Binder Grösswang Rechtsanwälte are ‘impressed by the high quality and efficiency of its work’ and ‘hands-on approach’. Michael Kutschera heads the team, and has ‘good negotiation skills’; Andreas Hable is ‘very sound in company law’; and Thomas Schirmer and Florian Khol are also highly rated.
The Legal 500 2011 on Banking and Finance
Binder Grösswang Rechtsanwälte is a force to be reckoned with and has developed a particularly good name in real estate financing. The team is led by the eminent Stefan Tiefenthaler and Michael Binder, and features Emanuel Welten.
The Legal 500 2011 on Capital Markets
Clients say that working with the team is ‘successful, fruitful and stress free’. Florian Khol and Michael Binder are recommended for their equity expertise, while Tibor Fabian is strong on derivatives and debt work.
The Legal 500 2011 on EU and Competition
Binder Grösswang Rechtsanwälte continues to attract some complex mandates particularly on the antitrust side. Standout transactions included advising UniCredit Bank Austria in competition law proceedings against Erste Bank before the Austrian cartel court. Raoul Hoffer heads the team, which features Johannes Barbist (‘quick, interested in practical solutions, industry orientated and great to work with’).
The Legal 500 2011 on Public Procurement
Binder Grösswang Rechtsanwälte is rated for its work representing bidders particularly in the financial services sector. Raoul Hoffer leads the team and ‘drives the process in a polite and quiet manner, taking into regard different political trends’.
The Legal 500 2011 on Tax
Andreas Hable leads the team at Binder Grösswang Rechtsanwälte, which advised AXA Investment Managers on the tax implications of the implementation of a new share plan in Austria. Christian Wimpissinger is ‘very responsive and reacts quickly to requests’.
IFLR 1000, Edition 2011, on Banking
Binder Grösswang's depth of talent keeps it performing at the top level. Senior partner Michael Binder is rated highly for his regulatory work, Tibor Fabian is known for property finance and Emanuel Welten is one of the field's most promising talents. "He's a rising star," says one competitor. "He's good at structured finance and is on top of market conditions."
Client feedback is good with one giving the following reference: "Perfect customer orientation, always on stand-by seven days a week, excellent personal integrity, highly professional in all areas, and they anticipate our needs and business."
IFLR 1000, Edition 2011, on Mergers & Acquisitions
Clients say Binder Grösswang is pragmatic, efficient, and down-to-earth. Competitors simply say it has good lawyers. Michael Kutschera is described as "clearly the M&A guy here" by a peer who also says Thomas Schirmer is the firm's rainmaker.
Legal 500, Edition 2010, on Banking & Finance
Binder Grösswang Rechtsanwälte’s banking and finance team is a force to be reckoned with, led by the eminent Stefan Tiefenthaler and Michael Binder, and featuring Emanuel Welten. Clients say that ‘based on the ability of the team and its dedication, it definitely ranks among some of the elite firms in this practice area’.
Legal 500, Edition 2010, on Capital Markets
Florian Khol and Michael Binder are rated for equity expertise, while Tibor Fabian is strong on derivatives and the debt side. ‘The level of service is very good as regards quality, timeliness and business and industry knowledge’ say clients.
Legal 500, Edition 2010, on Central and Eastern Europe
‘We believe that Binder Grösswang Rechtsanwälte is one of the best law firms that we have ever worked with, in Austria and beyond’, say clients.
Legal 500, Edition 2010, on Corporate and M&A
Binder Grösswang Rechtsanwälte’s corporate department is increasingly strong, and attracts some enviable clients, including a number of sovereign wealth funds. Clients say the firm provides an ‘intelligent, balanced, excellent level of service’, with Michael Kutschera, Thomas Schirmer and Florian Khol all rated.
Legal 500, Edition 2010, on Dispute Resolution
Binder Grösswang Rechtsanwälte is the go-to firm for clients in the financial sector, and the group, led by Christian Klausegger and Michael Kutschera, handles a significant amount of banking-related disputes. Clients say the firm is ‘of the highest professional standards. The level of service is first class in all respects’.
Legal 500, Edition 2010, on Employment
Binder Grösswang Rechtsanwälte’s employment team provides advice for some big names in Austria, such as Starbucks and Estée Lauder Cosmetics. ‘excellent, very professional team’.
Legal 500, Edition 2010, on Tax
Sovereign wealth funds have featured much more prominently in the firm’s client base in 2009. The team is ‘experienced, responsive, and one of the best around for international tax work’ say clients.
Chambers Europe 2010 on Employment
International focus, coupled with the firm’s cross-border expertise, has earned the department a wide range of global clients. They describe the team as “quick to provide answers, with clear risk analysis and practical advice.” Horst Lukanec is praised for his “proactive approach and ability to foresee problems before they arise.” Junior partner Angelika Pallwein-Prettner has an international background and a “very creative and precise approach to problem solving.”
Chambers Europe 2010 on General Business Law Expertise - South Eastern Europe
Described as “real experts in corporate M&A,” the lawyers have attracted an international client base. Clients champion the firm’s “solution-oriented and practical approach to problem solving.” Thomas Schirmer remains a key figure at the firm and is described as “hard-working, collaborative and completely devoted to the case.” Florian Khol is also recognised by sources for his “profound legal knowledge and presence in the region.”
Chambers Europe 2010 on IP
Binder Grösswang is described by peers as having a “well-respected practice and broad experience.” Leading the department is Ivo Rungg, a specialist in unfair competition and trade marks. He is described by peers as “an excellent lawyer; when it comes to a practical solution you can count on him.”
Chambers Europe 2010 on Real Estate
Austrian powerhouse Binder Grösswang has remained a key player in the real estate market. The firm is seen to be developing its real estate practice, which is described by peers as “simply excellent.” Tibor Fabian is a major player at the firm who is renowned for his “strength in the banking and financing aspects of real estate.”
Chambers Europe 2010 on Tax
Andreas Hable was a key figure in ensuring the success of the deal and has recently focused on developing beneficial tax structures for Middle Eastern clients. He is respected by peers for his “excellence in international taxation.” Christian Wimpissinger is also “well known on the market.”
Chambers Europe 2010 on TMT
This Austrian outfit has earned a solid reputation in both the telecoms and IT markets. Commentators remark that the firm remains “strong and present in both areas.” Standout practitioner Christian Klausegger has significant experience in both the IT and telecoms fields. Sources note that he “has one of the strongest technical backgrounds and the legal competence to excel in complex issues.” Klausegger is particularly sought after for his courtroom experience.
Chambers Europe 2010 on Competition
Binder Grösswang’s competition practice has had a very successful year. Seen as having an exemplary contentious practice, the group has an “efficient and down-to-earth approach. It doesn't overcomplicate matters and always gives clear answers.” Raoul Hoffer is head of the competition department and a very visible figure in private enforcement. Clients highlight his meticulous analytical approach, and his “strong yet eloquent court presence.” Partner Johannes Barbist is based in Innsbruck and is seen as having a real strength in litigation, acting on many key cases.
Chambers Global 2010 on Banking & Finance (=Chambers Europe)
“One of the top finance teams in Austria.”
Michael Binder …a “superb senior adviser with a great strategic overview of things.” Leading transactional lawyer Stefan Tiefenthaler has a varied practice that covers real estate and acquisition finance, as well as syndicated lending and structured finance. Tibor Fabian's … has “tremendous experience in the industry” through his banker’s background.
Chambers Global 2010 on Corporate/M&A (=Chambers Europe)
“Binder is a fine firm and is always up to the job on big transactions.” “Lawyers are deal makers and drive us towards the goal without getting stuck on unimportant details.”
The strength of this practice is based on the quality of its work on significant deals, as well as the high standard of service it provides to clients.
Thomas Schirmer has a wide-ranging private equity and M&A practice. Clients rate him highly: “He has a great economic understanding and is a very effective communicator, as well as being available, responsive and a pleasure to work with.” Michael Kutschera …is “an outstanding lawyer – pragmatic, experienced and always focused on getting the deal through.”
Chambers Global 2010 on Dispute Resolution (=Chambers Europe)
This firm is known in the market for its strategic understanding and analysis of complex disputes and ability to utilise its experience and knowledge to bring about successful outcomes for clients.
Christian Klausegger is the firm’s top litigator and more broadly a leading player in the market. “He provides practical advice which marries the legal and business aspects of a case.” The firm’s arbitration practice also garners much praise. Arbitration expert Michael Kutschera … “is diplomatic and can bring parties together by looking out for the most balanced position," say sources.