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Portrait of Georg Gutfleisch

Georg Gutfleisch


CMS Reich-Rohrwig Hainz
Rechtsanwälte GmbH
Gauermanngasse 2
1010 Vienna
Languages German, English

Georg Gutfleisch is a lawyer in the area of corporate law/M&A. He advises national and international clients in all areas of corporate and company law, private equity transactions as well as national and international restructurings, reorganisations and M&A transactions. He also has extensive expertise in intellectual property law and IT law.
His clients include national and international companies and start-ups operating primarily in the renewable energy, life sciences/healthcare and fintech sectors. He is particularly interested in the compatibility of traditional areas of corporate law with innovative industry developments and new technologies.
Gutfleisch joined CMS as an independent lawyer in Vienna in April 2019 and joined the Corporate Transactions Team in February 2020. Previously, he worked as an associate and lawyer in leading international law firms in Vienna. He is a graduate of the University of Vienna and the School of Law, Trinity College Dublin. He is the author of numerous publications and regularly gives lectures and training courses.

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Memberships & Roles

  • Vienna Bar Association
  • European Law Institute (ELI), Vienna
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  • Co-author of the guide „Start-ups: Recht – Sicher Steuern“ von Brandl & Talos und BDO, 2020.
  • Experiences from the Implementation of the Cross-Border Mergers Directive in Austria, in Papadopoulos (Hrsg), Cross-Border Mergers (Springer, 2019), 225.
  • Seretakis/Gutfleisch, Brexit and Alternative Investment Fund Managers, Journal of International Banking Law and Regulation 34, No 4, 2019, 134.
  • Employment Issues under the European Trade Secrets Directive: Promising Opportunity or Burden for European Companies, European Company Law Journal 15, No 5, 2018, 175.
  • Prospects for Future EU Legislation on Crowdfunding and Initial Coin Offerings, Banking & Financial Services Policy Report 37, No 8, 2018, 4. 
  • Crowdfunding and Initial Coin Offerings under the EU Legal Framework, European Company Law Journal 15, No 3, 2018, 73.
  • Anwendbarkeit des NeuFöG bei (bisher) nicht auf Gewinn gerichteter Tätigkeit, ecolex 2016, 423.
  • Astl/Gutfleisch, Die GesbR-Novelle 2015 unter dem Aspekt des Umgründungssteuerrechts, ecolex 2015, 568.
  • Werner/Gutfleisch, Das Verhältnis eigener Genussrechte zu stimmrechtslosen Vorzugsaktien und eigenen Aktien, ecolex 2014, 613.
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  • 2018 – LLM, School of Law, Trinity College Dublin, Ireland
  • 2017 – Austrian Bar Examination
  • 2013 – Mag. iur., Law, University of Vienna


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CMS par­ti­cip­ates in the Balkan Green En­ergy News Con­fer­ence on the Chan­ging...
The con­fer­ence "Ser­bi­an Com­pan­ies on the Chan­ging Power Mar­ket" or­gan­ised by Balkan Green En­ergy News gathered to­geth­er nu­mer­ous play­ers in the re­new­able en­ergy mar­ket. An in­dustry meet­ing of re­gion­al im­port­ance On 22 Feb­ru­ary 2022, lead­ing elec­tri­city mar­ket ex­perts from Ser­bia and abroad met in Bel­grade to dis­cuss key is­sues in the Ser­bi­an en­ergy sec­tor. The top­ics were rel­ev­ant for the en­tire re­gion. The ex­perts provided in­sights in­to both the way the Ser­bi­an elec­tri­city mar­ket would likely de­vel­op in the com­ing years and the op­por­tun­it­ies avail­able to vari­ous mar­ket par­ti­cipants. The con­fer­ence offered an ana­lys­is of the most im­port­ant chal­lenges fa­cing com­pan­ies in the course of the en­ergy trans­ition.CMS also re­lies on in­nov­at­ive ad­vis­ory products to help its cli­ents be­ne­fit from the en­ergy trans­ition.The con­fer­ence was opened by Ser­bi­an Deputy Prime Min­is­ter Zor­ana Mi­hajlović and Dir­ect­or of the En­ergy Com­munity Sec­ret­ari­at Ar­tur Lorkowski. CMS was a spon­sor and par­ti­cipant of this cru­cial event for the en­ergy sec­tor and was de­lighted to be rep­res­en­ted onsite by its law­yers Ivan Gazdić, part­ner CMS Ser­bia, Georg Gut­fleisch, law­yer CMS Aus­tria, and Tamara Kosi, law­yer CMS Slov­e­nia, and Maja Živan­ović, Busi­ness De­vel­op­ment Coun­try Head, CMS Ser­bia, Montenegro and North Mace­do­nia.  One step ahead in the en­ergy crisis The 2021 en­ergy crisis has con­tin­ued in­to 2022 caus­ing un­pre­ced­en­ted in­creases in elec­tri­city prices across Europe. The Ser­bi­an gov­ern­ment has put up a res­cue para­chute for com­pan­ies and capped the elec­tri­city price at EUR 75 per MWh for the peri­od un­til June 2022. However, it re­mains to be seen how elec­tri­city prices will de­vel­op in the me­di­um and long term. In the com­ing years, the Ser­bi­an elec­tri­city mar­ket will – like the en­tire re­gion – be af­fected by oth­er im­port­ant changes too: de­car­bon­isa­tion and the need to align its busi­ness with the Green Agenda; the pro­jec­ted growth in sol­ar and wind ca­pa­city; the in­creas­ing at­tract­ive­ness of cus­tom­ers pro­du­cing their own en­ergy onsite; and the car­bon cap tax on ex­ports to the EU.The con­clu­sion was: “The event ‘Ser­bi­an Com­pan­ies on the Chan­ging Power Mar­ket’ provided an ex­cel­lent op­por­tun­ity for the ex­change of in­form­a­tion and ideas that are ur­gently needed to bet­ter un­der­stand trends in the power mar­ket and to re­main com­pet­it­ive".The CMS En­ergy and Cli­mate Change Sec­tor Group provides lead­ing ad­vice products on all as­pects of in­nov­at­ive en­ergy, cli­mate change and ESG.
AL­PLA con­tin­ues to fo­cus on sus­tain­ab­il­ity: CMS ad­vises on in­vest­ment in...
Sus­tain­ab­il­ity is­sues have be­come an in­teg­ral part of M&A con­sult­ing. CMS Aus­tria has already ad­vised AL­PLA, a spe­cial­ist for in­nov­at­ive plastic pack­aging solu­tions, on sev­er­al oc­ca­sions in this con­text, once more on their cur­rent in­vest­ment in the Swedish start-up Blue Ocean Clos­ures with joint ven­ture part­ner Glat­fel­ter Cor­por­a­tion.The fam­ily-run group AL­PLA is a lead­er – not only in Aus­tria but also world­wide – in the de­vel­op­ment and pro­duc­tion of plastic pack­aging solu­tions char­ac­ter­ised by state-of-the-art tech­no­logy as well as cli­mate-friendly re­source hand­ling.In a joint ven­ture with Glat­fel­ter Cor­por­a­tion, AL­PLA is now in­vest­ing in the start-up Blue Ocean Clos­ures. This com­pany is de­vel­op­ing cel­lu­lose-based products such as screw caps that are com­pletely bio­de­grad­able. The aim of the part­ner­ship is to ac­cel­er­ate the mar­ket launch of these products and to sup­port fu­ture product de­vel­op­ments with AL­PLA know-how. The in­nov­at­ive caps fab­ric­ated from nat­ur­al fibers are an im­port­ant al­tern­at­ive to plastic caps and are an ex­cel­lent ad­di­tion to the AL­PLA product port­fo­lio.AL­PLA has been re­ly­ing on CMS Aus­tria’s ex­pert­ise for years when mak­ing for­ward-look­ing in­vest­ments like this one. Once again, the pack­aging spe­cial­ist was ad­vised by part­ner Al­ex­an­der Rakosi and law­yer Georg Gut­fleisch. Part­ner Di­eter Zand­ler as­sisted on com­pet­i­tion law is­sues, and leg­al ad­vice un­der Swedish law was provided by the law firm Set­ter­walls.“When it comes to sus­tain­ab­il­ity, AL­PLA pur­sues am­bi­tious goals and comes a good deal closer to achiev­ing them with every single in­vest­ment. At CMS, we pur­sue in­teg­rated sus­tain­ab­il­ity as an im­port­ant ad­vis­ory as­pect in all spe­cial­ist areas and sec­tors; vis­ion­ary com­pan­ies like AL­PLA be­ne­fit from this,” says Georg Gut­fleisch, M&A ex­pert at CMS Aus­tria.
Sus­tain­able in­vest­ment at AL­PLA: CMS ad­vises on a joint ven­ture in Ro­mania...
In or­der to fur­ther ex­pand its re­cyc­ling activ­it­ies, AL­PLA, an in­ter­na­tion­ally act­ive spe­cial­ist in in­nov­at­ive plastic pack­aging solu­tions, is found­ing a joint ven­ture to­geth­er with the Ro­mani­an com­pany Eco­help SRL and the Swiss com­pany United Poly­mer Trad­ing AG. AL­PLA was again ad­vised by an in­ter­na­tion­al CMS team led by part­ner Al­ex­an­der Rakosi in Vi­enna. AL­PLA has more than 25 years of ex­per­i­ence in the field of re­cyc­ling and its own re­cyc­ling plants con­trib­ute to a func­tion­ing ma­ter­i­al cycle. The con­struc­tion of a fur­ther re­cyc­ling plant in Tar­gu Mures, Ro­mania, is an­oth­er im­port­ant step in this dir­ec­tion: 15,000 tonnes of post-con­sumer re­cycled PET will be pro­duced there an­nu­ally. This will then be used to pro­duce new pre­forms and bottles.   The three part­ner com­pan­ies are in­vest­ing equally in the plant, with a com­bined total of EUR 7.5 mil­lion. Im­port­antly, AL­PLA, Eco­help, and UPT will all con­trib­ute their own spe­cial ex­pert­ise to the joint ven­ture “PET Re­cyc­ling Team Tar­gu Mures” and cre­ate new jobs at the joint site. Sub­ject to ap­prov­al by the com­pet­i­tion au­thor­it­ies, pro­duc­tion is sched­uled to start as early as the middle of next year.   “AL­PLA pur­sues a clear and con­sist­ent course when it comes to sus­tain­ab­il­ity and cir­cu­lar eco­nomy. We are very pleased that we are able to sup­port our long-stand­ing cli­ent on this path and ap­pre­ci­ate the trust in our leg­al ad­vice and ex­pert­ise ,” says Al­ex­an­der Rakosi, Part­ner at CMS Aus­tria.   The core team com­prised lead part­ner Al­ex­an­der Rakosi and at­tor­ney Georg Gut­fleisch (Cor­por­ate/M&A) with part­ner Di­eter Zand­ler and as­so­ci­ate Vanessa Hor­aceck (both Com­pet­i­tion Law) ad­vising on com­pet­i­tion law mat­ters. In ad­di­tion, the fol­low­ing CMS law­yers were part of the cross-bor­der ad­vis­ory team in Ro­mania: Man­aging Part­ner Horea Popes­cu, Claudia Nagy, Cos­min Cretu, Mi­hai Jiganie-Serb­an and Cristina Ci­omos.
New rules for a pub­lic char­ging point re­gister in Aus­tria
Pub­lished in CEE Leg­al Mat­ter­sThe in­creas­ing use of elec­tric vehicles (EVs) in Aus­tria means the sup­port­ing in­fra­struc­ture re­quires con­stant de­vel­op­ment. The Aus­tri­an fed­er­al gov­ern­ment pro­gram 2020-2024 en­vis­ages ex­pand­ing the Aus­tri­an net­work of char­ging points for al­tern­at­ive fuels as an es­sen­tial pil­lar of its drive to­wards im­ple­ment­ing sus­tain­able mo­bil­ity solu­tions. In Septem­ber 2020, the Aus­tri­an gov­ern­ment fol­lowed through with its agenda by pro­pos­ing the Aus­tri­an Re­new­able En­ergy Ex­pan­sion Act (Erneuerbar­en- Aus­bau-Ge­setz, EAG), which in­cludes an amend­ment of the Aus­tri­an Act on Uni­form Stand­ards for Al­tern­at­ive Fuels In­fra­struc­ture De­vel­op­ments (Bundes­ge­setz zur Festle­gung ein­heit­lich­er Stand­ards beim In­frastruk­turauf­bau für al­tern­at­ive Kraft­stoffe, BGFS). You can find the full art­icle in the down­load sec­tion.
Up­date on the Re­new­able En­ergy Ex­pan­sion Act
In March 2021, the gov­ern­ment presen­ted its fi­nal ver­sion of the Re­new­able En­ergy Ex­pan­sion Act (Erneuerbar­en-Aus­bau-Ge­setz, "REEA") aimed at re­shap­ing the Aus­tri­an leg­al frame­work on re­new­able en­ergy...
New rules on en­ergy com­munit­ies in Aus­tria
The fight against cli­mate change is (be­sides hand­ling the cur­rent COV­ID-19 pan­dem­ic) ar­gu­ably the most im­port­ant goal of gov­ern­ments world­wide. However, it seems that le­gis­lat­ive meas­ures have so far...
New rules on En­ergy Com­munit­ies in Aus­tria
Based on the EU’s Clean En­ergy for all Europeans pack­age, Aus­tria is one of the first coun­tries in Europe, which has presen­ted draft le­gis­la­tion on so-called en­ergy com­munit­ies. En­ergy com­munit­ies are...
CMS and KP­MG Law Ad­vise on Plastic Om­ni­um's Es­tab­lish­ment of Joint Ven­ture...
CMS ad­vises Plastic Om­ni­um on es­tab­lish­ment of joint ven­ture with El­ringK­linger
Dus­sel­dorf/Vi­enna -  In or­der to drive for­ward the de­vel­op­ment of hy­dro­gen mo­bil­ity, the two auto­mot­ive sup­pli­ers El­ringK­linger and Plastic Om­ni­um will cre­ate a joint ven­ture for the de­vel­op­ment...
CMS Ad­vises eFriends on Sale of 24% Stake to Raif­feis­en Ware Aus­tria
CMS has ad­vised green elec­tri­city pro­vider eFriends on the sale of a 24% stake to RWA Raif­feis­en Ware Aus­tria.Ac­cord­ing to CMS, the trans­ac­tion has been de­scribed as “for­ward-look­ing” in the en­ergy...
CMS sup­ports eFriends in a suc­cess­ful fin­an­cing round: RWA Raif­feis­en Ware...
RWA Raif­feis­en Ware Aus­tria – with vari­ous af­fil­i­ates, an im­port­ant sup­pli­er of en­ergy and elec­tri­city in the rur­al re­gions of Aus­tria – is par­ti­cip­at­ing in the in­nov­at­ive do­mest­ic en­ergy com­munity...
The con­vert­ible loan - VC in­vest­ments in the light of COV­ID-19
The con­tem­por­ary COV­ID-19 pan­dem­ic poses sig­ni­fic­ant chal­lenges to small and me­di­um-sized en­ter­prises (SMEs), es­pe­cially start-ups. The pro­cure­ment and main­ten­ance of li­quid­ity is the or­der of the day...