Directories
Capital Markets

Legal 500 - Capital Markets (Tier 1)

The ‘experienced and commercially minded’ team at CHSH Cerha Hempel Spiegelfeld Hlawati ‘always delivers on time’ and focuses on capital markets transactions while also having experience in stock exchange delistings, as well as conventional and convertible bonds. Edith Hlawati heads the practice, which advised Immofinanz on the incentivised conversion of exchangeable bonds into Buwog shares.

IFLR 1000 - Capital markets (Tier 1)

Cerha Hempel Spiegelfeld Hlawati’s strongest practices are capital markets, where it has expertise in equity and equity-linked products and corporate bonds and M&A. In the banking area it is recognised for regulatory advice. The firm has branches across the region, extending as far east as Belarus.

The firm’s capital markets practice was involved in a number of large debt issues, which included two large convertible bonds where it acted as issuer’s counsel.

Chambers & Partners - Capital Markets (Band 1)

What the team is known for Cutting-edge capital markets team leading on complex, high-value transactions. Frequently advises on debt issuance programmes as well as large-scale capital increase projects. Also active in IPOs and delisting projects.

Strengths Clients remark on the firm's responsiveness, stating that "they are always very available, very attentive and an immediate response is always provided."

Another source notes the firm's client-oriented service: "What I like the most about working with the firm is that they understand their clients' needs."

Work highlights Acted for MIBA's majority shareholders on the company's process of going private, which included a squeeze-out of minority shareholders and a subsequent delisting.

Assisted IMMOFINANZ with the incentivised conversion of exchangeable bonds into shares in BUWOG, as well as the accelerated bookbuilding.

Significant clients Raiffeisen Bank, Wienerberger, Volkswagen Bank, STRABAG, Société Générale.

Notable practitioners

Senior practitioner Edith Hlawati is one of the most highly regarded capital markets lawyers in the Austrian market. Commentators revere her wealth of experience and her outstanding contribution to the field. Her flagship clients include MIBA. 

Volker Glas is a well-respected capital markets lawyer. Clients say that he "brings a lot of experience and has a very pragmatic approach to solutions." He assisted CA Immobilien with the public listing of a EUR150 million corporate bond. 

Thomas Zivny has earned a sterling reputation in DCM, with sources recognising him as "reliable and fast." He recently co-led the team in assisting Raiffeisenlandesbank Niederösterreich-Wien with the updates to its debt issuance programme.

Peter Knobl recently acted for Total Capital International on a number of fixed rate notes offerings in Austria. He has practical experience in drawdown queries and debt issuance programmes. Clients appreciate his proactivity and know-how.

 

 

Sources

  • The Legal 500 2017: Europe, Middle East & Africa 
  • IFLR 1000  2018 - The Guide to the World's Leading Financial Law Firms 
  • Chambers & Partners 2017, Chambers Europe - Europe's Leading Lawyers for Business