Insolvency and corporate recovery

Binder Grösswang

Specialising in cross-border work, Binder Grösswang‘s restructuring and insolvency practice has a strong track record handling high profile mandates in the retail and automotive sectors. The team also regularly advises banks and Austrian consortiums on the full spectrum of matters including company restructuring, insolvency-related litigation and on distressed M&A, working closely with the firm’s banking and finance team. With over two decades of experience, practice head Gottfried Gassner is sought after by both debtors and creditors and is adept in complex restructuring processes. Under Gassner’s leadership, Georg Wabl excels in creditor representation while Emanuel Welten is well versed in refinancing agreements.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Georg Wabl - strong on international matters, very experienced and responsive partner.’
‘The law firm and the relevant employees make every effort to address our concerns immediately and also have suggestions for solutions ready. Speed, quality and price-performance ratio are a perfect match. Since the law firm is very broadly based, you get an all-encompassing solution and you don't have to run the risk of one aspect not being examined.’
‘I would particularly like to highlight Georg Wabl and his team, as we really feel well looked after here. He keeps calm and keeps an overview and provides suggested solutions promptly. He asks the right questions, has ideas straight away and has a very fair billing system for his services.’
‘The deal we did had an Austrian element, which is why we used BG - they came very highly recommended by numerous other people. We were not disappointed with their input. They were very responsive, had a high amount of partner supervision and provided detailed and precise analysis o f the issues.’
‘Georg Wabl was the key person that we interacted with. He was very user friendly and was excellent at distilling complex Austrian law issues into a digestible format. He was also proactive and clearly gave more thought to the issues than just the questions that we put forward.’
‘Gottfried Gassner, very dedicated partner.’
‘They are super-reliable, very quick and know the market extremely well. Georg Wabl is great to work with.’
‘I have worked with Georg Wabl mainly and he is one of my go-to lawyers for restructuring in Austria. I think he is clearly top of the next gen restructuring lawyers in Austria.’