Michael heads the Banking & Finance practice in the Frankfurt office of Bird & Bird and is a member of the international Banking & Finance practice group.
Michael mainly advises in the areas of national and international financial and capital markets law, as well as banking, payment services and insurance regulation. He has many years of experience of advising on the implementation and restructuring of transactions, both in Germany and internationally. Michael has also corresponded and liaised with lawyers on finance transactions and restructurings in over 50 jurisdictions worldwide.
He advises international and national companies, incumbents and start-ups, in all fields of regulatory law and its interdependence with digitization. Michael has remarkable knowledge on new and disruptive technologies and the legal issues the respective business models face. The scope of support ranges from early steps in the lobbying process of new legislation to the comprehensive application of regulatory law to all sorts of FinTech, InsurTech, RegTech and other related business models with the result of practical solutions for the client. For example, he advised Mastercard on the effective lobbying efforts in the course of new anti-money laundering laws in Germany and Europe. On a regular basis, he gives presentations at conferences regarding the future of banking and the financial services industry.
Client sectors include: Financial Services, FinTech, InsurTech, RegTech, Energy & Utilities, Telecommunications and Media.
In one of his latest landmark cases he advised Germany’s bank bailout fund on the development of interim and final stabilisation measures for WestLB AG in accordance with the Financial Market Stabilisation Act, including the formation of the first German “bad bank”. A highly complex case which led to the establishment of new standards in the banking regulation in Germany.
Digital Finance World 2018
Feb 28, 2018
Regulatory Landscape in Blockchain: Gain Insight into ICOs and Cryptocurrency Business