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“Their preparation is always highly precise and of high quality. [...] all colleagues at Schoenherr are highly competent and committed to their jobs, and these qualities can only result in them meeting the clients’ instructions and demands at the highest professional level."
Schoenherr advises on all relevant product groups of finance work, including origination (bilateral and syndicated, recourse and non-recourse as well as secured and unsecured loan transactions), refinancing transactions, debt restructuring, performing and distressed bank assets (including trading and servicing), regulatory capital issuances, funds, structured finance, derivatives and securitisations.
Its focus areas cover, in particular, acquisition, project and asset finance as well as green and ESG-linked finance products. Our lawyers act for major international and regional banks, direct lenders, other financial institutions (insurance companies, funds and asset managers), corporates (issuers, borrowers and sponsors), sovereigns and quasi-sovereigns. Chambers (2020), IFLR1000 (2021), Legal 500 (2020) and Germany's JUVE (2020) have all ranked Schoenherr's banking and finance practice as top tier.
We have a proven track record in respect of all types of facilities (including syndicated lending) for a variety of purposes, e.g. bridge and/or super senior financing in the context of restructurings, financing for private acquisitions of equity or assets, financing for public takeovers, project finance (in particular energy and infrastructure), but also investment grade corporate lending as well as green and ESG-linked finance. Schoenherr is experienced in advising various parties: (arranging) lenders, (public and private sector) borrowers as well as sponsors (including private equity funds). The team has been on the forefront of many innovative transactions and is used to finding solutions to complex financing issues.
The group has significant and long standing know-how and experience in all types of acquisition finance (including financing in public takeover situations). Together with Schoenherr's corporate team, Schoenherr's banking team combines the various streams of a transaction (being mindful of timelines, takeover rules, stock exchange rules, ownership control regulation and securities laws). In this context, the team is also used to dealing with derivative instruments (such as options). We have a proven track record of financings combining a bond with a loan (and a common security pool). In addition, we regularly act for borrowing and issuing groups on other aspects of corporate finance, including cash pooling arrangements.
Our dedicated team for asset finance combines industry know-how and expertise in particular with a track-record of real estate and property development finance, but also various other asset classes such as aircraft finance, rolling stock finance or commodity finance (e.g. natural gas, oil or grains). The team has advised borrowers, senior lenders as well as mezzanine providers and regularly facilitates transactions with AIFs, pension funds, insurance companies or other institutional investors acting as sponsors.
Being counsel to a number of industry organisations, amongst them ISDA, FIA Europe, the British Banker's Association, Bundesverband Deutscher Banken e.V. and the Austrian Economic Chambers (WKO), the team draws on a breadth of experience and expertise in the area of derivatives. We are consistently involved into derivatives transactions with international, Austrian and CEE counterparties. The team also advises on structured finance transactions including securitisations (true sale and synthetic) of various types of asset classes, and other forms of repackaged debt, where we have pioneered a number of new structures, as well as covered bonds transactions.
Austria: Schoenherr advises RP Global on Mirova's EUR 480m investment
Schoenherr advised RP Global, a leading developer of large-scale renewable energy projects, on Mirova's investment in RP GLOBAL Energy GmbH. Mirova has agreed to become a minority investor and invest up to EUR 480m through a combination of equity and mezzanine bonds. Closing of the transaction is scheduled for November 2024.
The National Bank of Hungary's new ESG guideline: a brief overview
The National Bank of Hungary (NBH) introduced a new guideline No. NBH's 9/2024, also known as the ESG (Environmental, Social and Governance) Guideline. This initiative aims to help financial institutions incorporate sustainability considerations into their risk management processes. The Guideline seeks to standardise the collection and assessment of ESG information, thereby enhancing predictability in legal compliance and reducing administrative burdens for businesses applying for credit.
18 September 2024
A.Fischer A.Goławska F.Buta G.Pázsitka B.Bodó W.Kapica M.Schmiedinger M.Zimmermann D.Gritsch
to the point: finance l Q3/2024
Financing in times of crisis
Banking and finance analysis: The banking and finance experts of Schoenherr Attorneys at Law have compiled a comprehensive Central and Eastern European overview of the practical legal implications to be considered in finance transactions in the context of the ongoing coronavirus pandemic (COVID19).
together: your transaction manager
together: your transaction manager offers a complete digital solution for transaction and process management.
NPL directive info corner
This info corner offers insights into the current status of the NPL Directive adoption, and the implications for selling banks, credit servicers and purchasers under the new regulatory framework.