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Austria

Freshfields in Austria

We are the only law firm in Austria that has a strong local offering but also works truly globally.

Our Vienna office gives domestic and international legal advice with one aim: to help clients achieve their objectives. We cover all practice disciplines and sectors, with particular strengths in M&A, finance, international dispute resolution, sanctions, family-owned businesses, restructuring, and technology, media and telecoms.

Many lawyers in the Vienna office have international roots, particularly in central and eastern Europe, in addition to being licensed to practice in the most important European jurisdictions, Australia, and the US. We not only overcome language barriers but also act as a bridge across international borders in order to provide superior worldwide service.

Rooted in local expertise and an excellent network throughout the region, the Vienna office provides a powerful link to central and eastern Europe, as well as offering support in Iran, China, and other emerging markets in Africa and Latin America.

Outstanding legal knowledge that extends beyond national boundaries, a cohesive team spirit, cultural awareness, and a deep understanding of business markets empowers us to give clients unmatched Freshfields-standard advice that is 'made in Austria'. 

 

Recent work

We advised the shareholders of the Porsche family on the sale of Ferdinand Piëch's ordinary shares in Porsche Automobil Holding, the majority shareholder of Volkswagen, Europe's biggest car manufacturer, with a value of around €1.2bn, including the financing of the purchase price.

Following the spin-off, the CEE business, which was comprised of several subsidiary banks in the region and a loan portfolio, was merged into UniCredit.

The complexity of the business and the number of stakeholders involved, including the European Central Bank, Italy’s central bank and Austria’s financial markets regulator, combined to make the deal particularly challenging.

We also advised on the employment, tax and regulatory aspects of the structuring of a carve-out of significant business parts.

We advised Austria's Semperit Group on the demerger and restructuring of its joint venture with Thai Sri-Trang-Agro Industry Public Co Ltd Group.

We also advised on the preceding arbitration proceedings.

We advised BRD – Groupe Société Générale, Société Générale and UniCredit Bank Austria as co-ordinating mandated lead arrangers and BRD – Groupe Société Générale as facility agent for the lenders on a €1bn multicurrency revolving facility agreement to be entered into with OMV Petrom as borrower.

We advised ASEA Brown Boveri (ABB), a multinational corporation headquartered in Switzerland and leader in the area of electrification products, robotics and motion, industrial automation and power grids, on its acquisition of the Bernecker + Rainer Group, a Austria-headquartered leader in the field of automation technology.