"Clients describe its advice as precise and sensible, and appreciate the lawyers' measured approach to sensitive negotiations"Chambers Europe

Schoenherr offers a unique combination of the know-how of a boutique insolvency firm, and the comprehensive range of legal services of an international law firm. The firm’s insolvency and restructuring team covers all areas of insolvency law. It has an outstanding record in advising both lenders and distressed borrowers on pre-insolvency reorganisation and re-financing, as well as extensive experience in representing creditors in insolvency proceedings and insolvency related litigation. Schoenherr increasingly acts for Austrian banks in distress, advising in particular on proceedings under the European Union's Bank Recovery and Resolution Directive. In addition, the insolvency and restructuring team frequently acts as legal advisor in cross-border insolvency proceedings and is permanent counsel of international banking associations in connection with close-out netting issues. Schoenherr's insolvency and restructuring team is well regarded for its ability to efficiently handle complex, large-scale restructurings and providing comprehensive advice, drawing, where necessary, upon experts from other practice groups, such as banking & finance and corporate m&a. 


  • pre-insolvency reorganisation and refinancing
  • protection of creditors’ rights
  • representation in insolvency proceedings and insolvency-related litigation
  • close-out netting
  • distressed m&a