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

"Schoenherr continues to be the absolute market leader in restructuring." JUVE Ranking 2020 

Schoenherr has an outstanding record in advising both lenders and distressed borrowers on pre-insolvency restructurings and re-financing, as well as extensive experience in representing creditors in insolvency proceedings and insolvency-related litigation. It covers all areas of restructuring and insolvency law and offers a unique combination of the know-how of a boutique insolvency firm, and the comprehensive range of legal services of an international firm. Schoenherr has also acted for a number of Austrian banks in distress, advising on proceedings under the European Union's Bank Recovery and Resolution Directive. In recent years, the restructuring team has also built a strong track record of advising on the acquisition of distressed businesses out of insolvency proceedings. 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 provide 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