CMS HASCHE SIGLE

Comment: This recommended banking and bank regulatory practice continued its drive towards expansion. Advice focuses on restructuring, e.g. the merging of bank subsidiaries in other EU countries into one German bank, and banks’ regulatory obligations. The major savings bank project Paydirekt entailed technical implementation and led to further work with a digitalization focus. The team mainly advises banks and payment services providers. Opportunities may arise in this field when the General Data Protection Regulation is introduced in May 2018.
Strengths: Broad-based practice, also advising industrial clients. Focus on restructuring and compliance.
Recommended: Dr. Christoph Schücking, Dr. Joachim Kaetzler.
Practice: Ongoing advice to German banks and companies on authorization issues, foreign financial houses on changes of legal form, bank authorization and cross-border services. Frequent advice to foreign (investment) banks. Litigation for German state and private banks, as well as foreign banks. (3 partners, 3 counsel, 9 associates, 1 of counsel)
Clients: ?? Regulatory advice to Sparkassen-Finanzgruppe concerning implementation of online payment method Paydirekt; German private bank on efficient deposit management; financial services provider on identification obligations for authorized representatives (accounts).
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