Wolf Theiss

Banking & Finance

Recent years have presented financial markets across the globe with historic challenges. With world markets finally regaining balance, your business needs fresh thinking to help you adjust to the demands of new regulations and political and economic developments.

Known for its analytic rigor, our Banking & Finance team draws on its banking product expertise. We collaborate with all our teams, including our regulatory, dispute resolution and restructuring teams to help you realise your business goals. It's routine for us to provide clients with innovative, customised solutions: much imitated, our financing techniques have set the standard for the industry.

The largest banks, insurers and financial institutions and their customers in CEE/SEE trust us on issues ranging from commercial lending, project financing and private equity to regulatory work, Medium Term Notes (MTN), Eurobonds, IPOs, takeovers, credit-linked notes, securitisations, de-listings and loan portfolios.

We're aware that regulatory issues are driving banking and financial markets these days. This is why we've made it such a high priority to develop relationships with local regulators, stock exchanges and government officials. We pass the benefits of these relationships on to you as we advise on MiFID II, CRR, payment services, and data protection, EMIR, MAD II, Investment Fund Regimes (UCITS IV, UCITS V) and AIFMD.

Contact
Markus
Heidinger
Partner
T. +43 1 51510 5060
F. +43 1 51510 665060
Schubertring 6
1010 Vienna
Austria
Lawyers
Petra Heindl
Senior Associate
Ramona Hromei
Senior Associate
Mimo Hussein
Senior Associate
Rebeka Kleytman
Senior Associate
Michał Kulig
Senior Associate
Melinda Pelikán
Senior Associate
Oleg Temnikov
Senior Associate
Jasmina Uzova
Senior Associate
Oksana Volynets
Senior Associate
Carina Wolf
Senior Associate
Naida Čustović
Law Office Custovic - Independent Attorney at Law in Cooperation with Wolf Theiss
Areas of Specialisation

Finance / Project Finance

Whether you are or represent a project sponsor, developer, commercial bank, underwriter, debt and equity investor, supplier, export-credit agency, government agency, or contractor, we've represented clients with your concerns and ambitions. The same goes for purchasers financing a development on a project basis with PPPs and lenders in secured and unsecured financing transactions.


Financial Institutions

We participate in numerous transactions which involve all types of financial institutions, such as banks, trust companies, insurance companies and investment dealers. Our clients benefit from our expertise in M&A, capital structuring, acquisition finance and structured finance.

 

Derivatives

Our expertise covers the structuring, negotiation and documentation of derivatives transactions as well as certain regulations of exchange-traded derivatives, including swaps, futures, options, repurchase and participation agreements. Our experts worked on implementing EMIR, which means we know the ins and outs of this complex EU legislation.

Loan Portfolios Transactions

Increased activity in the distressed debt market is a potential opportunity for financial investors and banks looking to recover from low credit ratings and poor profitability performance, particularly within the Eurozone and CEE/SEE. Our lawyers routinely advise on NPL transactions using LMA standards throughout the region.

Deleveraging, Restructuring, Insolvency

We can help you deleverage bank assets and advise you on bankruptcy filings and restructurings to help minimise future legal challenges and potential liability hazards. We also address risks stemming from challenges to transactions, from their characterisation as preferential to their cancellation under avoidance rules. We bring a commercial perspective to our advice on turnarounds, asset protection and recovery as well as to banking, corporate or litigation laws.


Asset Management

Our team works extensively for various investment funds and fund managers, assisting them with fund establishment and marketing, management and structuring requirements, mergers of funds and fund management companies, requirements for reporting and filing and passporting of UCITS-compliant funds. A core focus of our team is also the AIFMD and its implementation in the EU Member States of our region.

Capital Markets & Securities

If you're looking to raise capital, we have a variety of tools to help you: IPOs, secondary offerings and convertible and straight debt offerings are just a sampling. We also advise on all aspects of issuing debt, equity and hybrid securities. Our work typically includes stand-alone corporate bonds and sovereign issues, exchangeables, MTNs and debt issuance programs, convertibles, hybrid and Tier 1, securities, structured products and of course, equity.

Regulatory

In this sensitive legal field, we advise on all regulatory issues related to the establishment, licencing and operation of branches, subsidiaries and services on a local and cross-border basis, including capital and liquidity regulations such as Basel III, Basel IV, e-money, transparency requirements, compliance and white-collar criminal investigations. Our regulatory expertise includes MiFID II, MAD II, MAR, UCITS, Solvency II.

Press Releases

Newssquare WOLF THEISS ADVISES ASFINAG ON BOND ISSUANCE

Vienna, October 20, 2017 – ASFINAG relies on Wolf Theiss' expertise in issuance of EUR 750,000,000 0.25% bond 2017 – 2024.

Newssquare WOLF THEISS ADVISES RAIFFEISEN BANK INTERNATIONAL AG AND QUIRIN PRIVATBANK ON THE ISSUANCE OF CORPORATE BOND OF UBM DEVELOPMENT AG

Vienna, 20 October 2017 – Wolf Theiss has advised RBI and Quirin Privatbank as Joint Lead Manager and Bookrunner of a EUR 150,000,000 Corporate Bond...

Newssquare VC FUNDS HELP BOOST CEE INNOVATION

Warsaw, 20 October 2017 – Venture capital funds have been playing an increasing role in the development of the innovation ecosystem in Central and...

Newssquare WOLF THEISS ADVISES BANK GROUP IN THE RECAPITALIZATION OF AGIC CAPITAL AND ITS SLOVENIAN SUBSIDIARY FOTONA

Vienna, October 17, 2017 – Wolf Theiss advises the bank group consisting of UniCredit, RBI, NLB and SKB BANKA in the recapitalization of AGIC and its...

Newssquare WOLF THEISS ADVISES VOLKSBANK WIEN AG IN ISSUANCE OF A €400 MILLION TIER-2 BOND

Vienna, 9 October 2017 – Wolf Theiss has advised Volksbank Wien in the issuance of a subordinated bond (tier 2) with a volume of €400 million. The...

Newssquare WOLF THEISS ADVISES BGK ON FINANCING OF THE AQUISITION OF SHARES OF LUKA RIJEKA D.D. BY OT LOGISTICS

Warsaw, September 7, 2017 - Wolf Theiss advised BGK (Bank Gospodarstwa Krajowego) on the financing of OT Logistics' expansion in Croatia.

Newssquare WOLF THEISS ADVISES KOHLBERG & COMPANY IN PURCHASE OF WINTER SPORT DIVISION OF US COMPANY NEWELL BRANDS

Vienna, 4 August 2017 – The private equity investors Kohlberg & Company L.L.C. have relied on the expertise of Wolf Theiss in their purchase of the...

Newssquare PRZEMYSŁAW KOZDÓJ JOINS THE WARSAW OFFICE OF WOLF THEISS AS THE NEW HEAD OF BANKING AND FINANCE

Warsaw, 7 August 2017 – Przemysław Kozdój has joined the Warsaw office of the Wolf Theiss law firm as a Partner and head of the Banking and Finance...

Newssquare MARCELL NÉMETH NAMED PARTNER AT WOLF THEISS

Vienna, 24 July 2017 – Marcell Németh (47) has been named Partner at Wolf Theiss, where he has worked in the Banking & Finance practice group since...

Newssquare WOLF THEISS ADVISES RAIFFEISEN BANK INTERNATIONAL AG (RBI) IN ISSUANCE OF €650,000,000 6.125% AT1 NOTES

Vienna, 5 July 2017 – Today, RBI closed an issuance of €650,000,000 6.125% AT1. Wolf Theiss and Linklaters advised RBI in this issuance, which was met...

Newssquare WOLF THEISS ADVISES WIENER STÄDTISCHE VERSICHERUNG

Vienna, 18 May 2017 – Erste Group and Wiener Städtische Insurance have once again placed their trust in Wolf Theiss for advice in the issuance of a...

Newssquare WOLF THEISS ADVISES JAPAN-BASED NIDEC CORPORATION IN ACQUISITION OF SECOP-GROUP

Vienna, 3 May 2017 – Wolf Theiss has advised Kyoto-based Nidec, one of the leading manufacturers of electric motors, components and accessories, in...

Newssquare WOLF THEISS FREUT SICH ÜBER IFLR AWARD 2017: HETA-DEAL ALS "RESTRUCTURING DEAL OF THE YEAR" GEKÜRT

Wien/London, 21. April 2017 - Wolf Theiss wurde bei der Verleihung der 2017 International Financial Law Review European Awards mit dem Preis...

Newssquare WOLF THEISS NAMED "CENTRAL AND EASTERN EUROPE LAW FIRM OF THE YEAR" AT CHAMBERS EUROPE AWARDS FOR EXCELLENCE

Vienna/London – 11 April 2017 – Wolf Theiss has been named "Central and Eastern Europe Law Firm of the Year" in this year's Chambers Europe Awards....

Newssquare WOLF THEISS STRENGTHENS ITS BANKING & FINANCE AND DISPUTE RESOLUTION TEAMS IN WARSAW

Warsaw, 1 February 2017 – Wolf Theiss once again added new members to two of its practice groups: Stefan Feliniak joined banking and finance and Paweł...

Newssquare WOLF THEISS BERÄT DIE ERSTE GROUP BANK AG BEI DER EMISSION EINES EUR 750 MILLIONEN HYPOTHEKENPFANDBRIEFS

Wien, 19.01.2017 – Die ERSTE GROUP BANK AG hat am 18.01.2017 auf dem internationalen Kapitalmarkt einen festverzinsten hypothekarisch besicherten...

Newssquare Wolf Theiss Belgrade advises the European Bank For Reconstruction And Development (EBRD) on its inaugural RSD-Denominated Bond Issue in Serbia

Vienna, 22 December 2016 – As of 15 December 2016, EBRD's issue of RSD 2,500,000,000 Floating Rate Bonds due December 2019 has been admitted to...

Newssquare Wolf Theiss berät Banco Bilbao, J.P. Morgan und Unicredit Bank Austria AG als Joint Lead Manager einer EUR 500 Millionen Anleihe der Telekom

Wien, 20. Dezember 2016 – Die Joint Lead Manager Banco Bilbao Vizcaya Argentaria, S.A., J.P. Morgan Securities plc und UniCredit Bank Austria AG haben...

Newssquare Wolf Theiss advises Heliad Equity Partners on its investment in MT Holding Gmbh

Vienna, 3 October 2016 – Wolf Theiss has advised Heliad Equity Partners on its acquisition of shares in Austria-based MT Holding GmbH. The previous...

Newssquare Wolf Theiss Finance & Tax Breakfast: Geldwäschebekämpfung bei Banken

Wien, 15. September 2016 – Die bevorstehende Umsetzung der 4. EU-Geldwäsche-Richtlinie bringt für den österreichischen Finanzmarkt einige Änderungen...

Newssquare Wolf Theiss berät HETA-Gläubiger im Zusammenhang mit dem neuerlichen Angebot

Wien, 06.09.2016 – Heute wurde das neuerliche (verbesserte) Angebot des Kärntner Ausgleichszahlungs-Fonds an die HETA-Gläubiger veröffentlicht. Eine...

Newssquare Wolf Theiss advises on acquisition of Scitec Nutrition

Budapest, 30 August 2016 – Wolf Theiss has advised Ascendis Health, a South African publicly listed health and care brands company, in their...

Newssquare BREXIT: WOLF THEISS EXPERTEN INFORMIERTEN ÜBER RECHTLICHE UND STEUERLICHE AUSWIRKUNGEN FÜR ÖSTERREICH UND DIE EU

Wien – Über 150 Teilnehmer informierten sich beim WOLF THEISS Brexit-Stresstest über mögliche rechtliche Konsequenzen des künftigen Austrittes der...

Newssquare ALEXANDER HAAS BECOMES PARTNER AT WOLF THEISS

Alexander Haas, 37, has been promoted to Partner at Wolf Theiss. Since 2006, Haas has been at Wolf Theiss in the Practice Group Banking & Finance and...

Newssquare Wolf Theiss named best law firm in Austria at prestigious IFLR awards

Wolf Theiss has been awarded "Best Law Firm in Austria" for the seventh time at the 2016 International Financial Law Review European Awards. The award...

Newssquare EXISTENZVERNICHTENDE VERWALTUNGSSTRAFEN AUFGRUND VON EU-VORGABEN: Welchen Handlungsspielraum hat der österreichische Gesetzgeber?

Wien, 12.4.2016 - Verwaltungsstrafen von bis zu € 5 Mio für Privatpersonen und bis zu € 15 Mio oder auch mehr für Gesellschaften können...

Newssquare WOLF THEISS BERÄT DIE RAIFFEISEN BANK INTERNATIONAL AG UND DIE UNICREDIT BANK AUSTRIA AG ALS JOINT LEAD MANAGER EINER EUR 150 MILLIONEN ANLEIHE DER CA IMMOBILIEN ANLAGEN AKTIENGESELLSCHAFT

Wien, 15.02.2016 – Ein Bankenkonsortium um die beiden Joint Lead Manager Raiffeisen Bank International AG und UniCredit Bank Austria AG hat eine EUR...

Newssquare WOLF THEISS BERÄT DIE ERSTE GROUP BANK AG UND DIE RAIFFEISEN BANK INTERNATIONAL AG ALS JOINT LEAD MANAGER EINER EUR 90 MILLIONEN ANLEIHE DER BEST IN PARKING – KONZERNFINANZIERUNGS GMBH

Wien, 05.02.2016 – Ein Bankenkonsortium um die beiden Joint Lead Manager Erste Group Bank AG und Raiffeisen Bank International AG hat eine EUR 90...

Newssquare WOLF THEISS BERÄT DIE RAIFFEISEN-LANDESBANK (RLB) STEIERMARK AG BEI DER EMISSION EINER 500-MILLIONEN-ANLEIHE

Wien, 21.01.2016 – Die RLB Steiermark hat im Januar am internationalen Kapitalmarkt hypothekarisch fundierte Bankschuldverschreibungen mit einem...

Client Alerts / Newsletters

Newssquare Nullity of Loan Agreements Concluded with Foreign Lenders in Croatia

Following the initiative of several consumer organizations, and based on allegations that the constitutional order has been disrupted by the lending...

Newssquare Further Pieces of MiFID II Puzzle Fall into Place

TECHNICAL STANDARDS BECOME EFFECTIVE

 

As 3 July 2017 gets closer, and January 2018 is also approaching rapidly, the regulators and the in-scope...

Newssquare MiFID II – Wag Ministerialentwurf – Massive Änderungen

Der Ministerialentwurf (ME) zur Umsetzung des Market in Financial Instruments Directive 2014/65/EU (MiFID II) Paketes in Österreich ist am 31.3.2017...

Newssquare The National Bank of Ukraine Continues Easing Exchange Control Regulations

The end of winter brought a number of measures promoted by the National Bank of Ukraine (the "NBU") and aimed at easing and deregulating exchange...

Newssquare IMPROVING THE POSITION OF SECURED CREDITORS UNDER REGISTERED PLEDGES IN BULGARIA

Almost two decades after being adopted following the model of the World Bank and UNCITRAL for non-possessory registered pledges, the Special Pledges...

Newssquare January 2017, new rules in financial business activities

The law on financial business activities in FBiH (law) aims at protecting and improving the position of small and medium-sized enterprises acting as...

Newssquare MANDATORY RES-E QUOTA BENEFITING FROM THE GC SUPPORT SCHEME WAS APPROVED

In a shift in green energy policy in Romania, the mandatory RES-Electricity quota benefiting from the green certificate support scheme was approved...

Newssquare Public consultation on cross-borders distribution of Investment Funds

Since 1985, the EU has sought to mobilize capital in Europe and encourage investment in all Member States by promoting cross border distribution of...

Newssquare PSD2: EBA CONSULTS ON STRONG CUSTOMER AUTHENTICATION AND COMMON AND SECURE COMMUNICATION

On 12 August 2016 the European Banking Authority (EBA) published a Consultation Paper on draft regulatory technical standards on strong customer...

Newssquare BULGARIA: READING BETWEEN THE LINES OF THE BANKING SYSTEM ASSESSMENT

The Bulgarian National Bank (BNB) released the results of the banking system overview, which was initiated earlier this year. Pursuant to the report...

Newssquare DEVELOPMENTS IN CONSUMER CREDIT REGULATION IN THE CZECH REPUBLIC

On 27 July 2016, the President of the Czech Republic signed a new Consumer Credit Act (the "CCA") that brings substantial changes to the provision of...

Newssquare A PTK. FINANSZÍROZÁSI GYAKORLATOT ÉRINTŐ MÓDOSÍTÁSAI

Jelen Hírlevelünkben a Polgári Törvénykönyvről szóló 2013. évi V. törvény módosításával kapcsolatosan a finanszírozási gyakorlatot érintő jelentősebb...

Newssquare Law on debt discharge to enter into force on 13 May 2016

After controversial debates, Law no. 77/2016 on discharge of mortgage-backed debts through transfer of title over immovable property (the "Law on Debt...

Newssquare Regulatory Push to Unlock NPL Sales in Bulgaria

Following the recent regulatory improvements, a potential acceleration of the Non-Performing Loans (NPLs) transactions in Bulgaria is in the spotlight...

Newssquare NBU RELAXES CERTAIN RESTRICTIONS ON THE UKRAINIAN FX MARKET

On 24 March 2016 the National Bank of Ukraine (“NBU”) approved Resolution No. 192 ("Resolution 192"), which introduced changes to the NBU's recent...

Newssquare THE NBU CANCELLED PROHIBITION ON ASSIGNMENT OF FOREIGN CURRENCY LOANS BUT INTRODUCED ADDITIONAL REQUIREMENTS

Beginning from 11 January 2016, registration of the assignments of foreign currency loans received by Ukrainian borrowers is again allowed based on...

Wolf Theiss Guides

Newssquare Restructuring Loans and Enforcement of Security

The most important lessons learned since the collapse of Lehman Brothers are that no bank is too big to fail and that national banking systems are...

Newssquare LOAN PORTFOLIO TRANSACTIONS IN CEE&SEE

The chart assumes that the deal is structured as a straightforward sale of the loan portfolio by a domestic seller to a foreign buyer. Other possible...

Newssquare The Relevance of EMIR for Non-Financial Actors

doing OTC business in non-regulated markets with volumes of more than EUR 1-3 billion gross notional value ▪ Implications of Regulation 648/2012 on...

Newssquare Implementation of the Directive 2011/61/EU on Alternative Investment Fund Managers (“AIFMD”) in selected CEE/SEE countries

Implementation of the Directive 2011/61/EU on Alternative Investment Fund Managers (“AIFMD”) in selected CEE/SEE countries. AUSTRIA - BULGARIA -...

Newssquare Kapitalmarktfinanzierung für mittelständische Unternehmen über Unternehmensanleihen

Die Unternehmensanleihe mag nicht für alle mittelständischen Unternehmen das richtige Finanzierungsinstrument sein – es sind auch nicht alle...

Newssquare Public Debt Management in Central, Eastern & Southeastern Europe

Sovereign bond issues, derivatives and finance transactions with public bodies. In the aftermath of the Financial Crisis of 2009, the issuance of...

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