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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 reorganization and re-financing, as well as extensive experience in representing creditors in insolvency proceedings and insolvency related litigation. 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. schoenherr’s insolvency & restructuring practice is the only Austrian practice to receive the top (Tier 1) ranking in Chambers Global, Chambers Europe, and Legal 500.