Restructuring is the mainstay of Fellner Wratzfeld & Partners‘ insolvency and corporate recovery practice, with most major Austrian banks considering the firm as the ‘go-to’ for complex, cross-border structures. The team also provides comprehensive advice to companies and creditors across a range of sectors, including prominently energy and media. Founding partner Markus Fellner is sought after for advice on high-profile banking and finance transactional matters, and leads the practice alongside internationally-focused Florian Kranebitter, who is a strong choice for cross-border restructuring and insolvency.

With insolvency administration as a pivotal tool in its belt, GRAF ISOLA rounds out its practice with extensive expertise in restructuring, complex refinancing negotiations with banks, and distressed M&A, advising the full range of debtors, creditors and investors. Regularly appointed by courts as insolvency administrators, co-practice heads Alexander Isola and Stefan Weileder combine experience in advising large, family-owned enterprises and managing directors and boards of companies on the brink of insolvency. David Seidl supports on insolvency mandates with a view to white collar crime implications, fraud, avoidance and capital maintenance.

The range of Binder Grösswang‘s restructuring and insolvency practice spans across corporate rescue and preventive restructuring, insolvency-related disputes and creditor representation, and distressed M&A, all bolstered by close collaboration with the firm’s banking and finance team. In addition to representing major domestic banks, the team is also frequently engaged in real estate and retail mandates. Gottfried Gassner leads the practice, and is well-versed in complex, cross-border transformation and restructuring processes, while Georg Wabl brings to the table experience in administration and insolvency processes. Emanuel Welten supports lenders and borrowers in financing matters.

Crisis advice and insolvency law are the key strengths of DORDA Rechtsanwälte GmbH‘s multidisciplinary team, which excels in advising lenders and non-performing borrowers on pre-insolvency restructurings and refinancing, as well as creditors in insolvency proceedings and litigation. Under Felix Hörlsberger‘s leadership, the group also enjoys a reputation in insurance litigation with a basis in insolvency law. Corporate finance experts Tibor Varga and Andreas Zahradnik focus on financial restructurings, while Christian Ritschka assumes responsibility for distressed M&A matters. Magdalena Nitsche supports across the spectrum of the team’s work.

The interdisciplinary offering from E+H Rechtsanwälte GmbH draws together corporate law, M&A, finance and real estate expertise to offer a range of restructuring advice to clients across the energy, finance, automotive, manufacturing and construction sectors. Debtors in particular, including management and supervisory boards, rely on the team in distress situations. Practice head Marcus Benes is frequently present in complex cross-border restructurings of loans and listed bonds instruments, and is joined by Peter Winkler, who also specialises in financial restructurings. Karoline Hofmann, who excels in both restructuring and representation of creditors in insolvency proceedings, was promoted to partner in July 2023.

A major player in the restructuring and insolvency market, Schoenherr (Schönherr Rechtsanwälte) is regularly retained by lenders, management and investors for assistance with out-of-court restructurings, critical situations, distressed acquisitions and NPL transactions. Following the departure of former practice head Wolfgang Höller in January 2023, Miriam Simsa continues to fly the ship solo, utilising specialised expertise in advising domestic and foreign lenders and companies on Austrian restructurings and in distress situations. M&A expert Michael Magerl supports from Linz with a focus on restructuring and insolvency law in relation to baking, finance and capital markets.

A one-stop-shop for especially financial restructuring work in Austria and the CEE/SEE region, Wolf Theiss Rechtsanwälte GmbH & Co KG offers a whole host of domestic and international banks assistance with refinancing transactions, cross-border debt and equity restructuring, as well as group restructurings and consolidations. Practice head Eva Spiegel is sought after by major creditors in insolvency proceedings for the protection and enforcement of their rights. She is supported by a team consisting of Andrea Gritsch, who specialises in distressed M&A, NPL and corporate restructuring; Matthias Schimka, who advises creditors, corporate debtors and their directors; and Zeno Grabmayr, who was promoted to partner in January 2024 and focuses on international banking and distressed M&A.

Central to the work of Cerha Hempel‘s insolvency and restructuring practice is advice in respect of distressed or insolvent counterparts and the voluntary and involuntary winding-down of business operations, supplemented by a strong reputation in financial restructurings and distressed M&A. The full range of matters is covered between the three heads of practice: transactional and distressed M&A as well as creditor protection is the remit of Thomas Trettnak and Christoph Reiter, who was promoted to partner in February 2023; Holger Bielesz fronts the litigation offering.

While restructuring and reorganisation advice forms the heart of CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH‘s practice, both debtors and creditors can rely on the team’s specialised expertise in the event of unavoidable insolvency. Dispute resolution-focused Daniela Karollus-Bruner and distressed M&A-oriented Clemens Grossmayer lead the practice, covering the breadth of contentious and non-contentious matters. David Kohl, who was promoted to partner in January 2023, supports on crisis situations and insolvency law issues. Anja Cervenka joined the team in October 2022.

An all-rounder in insolvency and restructuring, Jaufer Rechtsanwälte GmbH carves out its strengths in large-scale insolvencies, corporate law and restructuring, and international insolvency law. The team is headed by corporate restructuring specialist Clemens Jaufer, who is also frequently appointed by courts as insolvency administrator, and Mario Leistentritt, whose litigation expertise is sought after in management and auditor liability matters. Franziska Jaufer and Alexander Painsi were promoted to partner in May and July 2023 respectively, with the former supporting on employee management and consultancy in crisis situations, and the latter on in- and out-of-court restructurings.

Debtors and creditors alike benefit from the corporate and economic expertise of SAXINGER Rechtsanwalts GmbH‘s insolvency and restructuring team. Under the guidance of seasoned insolvency law expert Ernst Chalupsky in Wels, Sebastian Hütter and Nina Pichler share leadership from Linz and Vienna respectively, covering the range of insolvency, restructuring and distressed M&A. Wels-based Alexander Anderle is also frequently engaged in insolvency administration matters.

At Taylor Wessing enwc Rechtsanwälte GmbH, a strong focus in insolvency administration and litigation is supplemented by competencies in distressed M&A, creditor representation, and advice to debtors, shareholders and directors in insolvency situations. Susanne Fruhstorfer employs extensive banking law and litigation expertise, as well as sectoral experience in private wealth, real estate, technology, and financial institutions, in her leadership of the team.