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Nexia Ebner Stolz

Legal Advice

Financial Services Legal

The financial sector is increasingly regulated worldwide. Since the outbreak of the financial market crisis, the EU legislator has launched numerous regulatory initiatives, as a result of which banks, capital management companies and financial service providers are subject to increasingly strict regulations.

At the same time, the gro­wing use of dis­rup­tive tech­no­lo­gies is pre­sen­ting new chal­len­ges to the finan­cial sec­tor. New tech­no­lo­gies and glo­bal mone­tary poli­cies as well as capi­tal mar­ket poli­cies are for­cing the sec­tor to con­ti­nually adapt cor­po­rate finan­cing. Thus, alter­na­tive cor­po­rate finan­cing is beco­ming inc­rea­sin­gly important in addi­tion to tra­di­tio­nal cre­dit finan­cing by banks. The mar­ket for alter­na­tive capi­tal invest­ments has also gai­ned in import­ance along­side the mar­ket for clas­sic capi­tal mar­ket pro­ducts and has been sub­ject to rapidly gro­wing regu­la­tion in recent years. In all of this, it is important to keep pace with the fast-moving nature of the finan­cial mar­ket and to keep an eye on the high secu­rity requi­re­ments.

Secu­rity awa­re­ness and regu­latory know-how - this is what the finan­cial ser­vices team at Ebner Stolz is very fami­liar with when it comes to pro­vi­ding com­pe­tent advice to mar­ket parti­ci­pants in the finan­cial sec­tor.

We proac­ti­vely ana­lyze cur­rent regu­latory deve­lop­ments and advise on their legally com­p­li­ant and audit-proof imp­le­men­ta­tion. In parti­cu­lar, we sup­port cre­dit insti­tu­ti­ons, capi­tal mana­ge­ment com­pa­nies, finan­cial ser­vice pro­vi­ders, pay­ment insti­tu­ti­ons and Fin­Tech com­pa­nies in all legal mat­ters rela­ting to insti­tu­tion and pro­duct super­vi­sion as well as pro­duct design, inclu­ding rep­re­sen­ta­tion in court and vis-à-vis the finan­cial super­vi­sory aut­ho­ri­ties. We advise com­pa­nies on ques­ti­ons of alter­na­tive finan­cing and on ques­ti­ons of regu­latory avo­i­dance.

In pro­vi­ding legal advice, we work clo­sely with Ebner Stolz's audi­tors, tax advi­sors and mana­ge­ment con­sul­tants spe­cia­li­zing in finan­cial ser­vices. As a mul­ti­di­s­ci­p­li­nary con­sul­ting firm, we are in a posi­tion to offer an attrac­tive one-stop com­p­lete con­sul­ting ser­vice, espe­cially in com­plex pro­duct- or insti­tu­tion-rela­ted pro­jects, taking into acco­unt all rele­vant legal, tax, busi­ness and audi­ting aspects.

Our ser­vices at a glance

  • Pro­duct super­vi­sion / pro­duct con­cep­tion
    • Super­vi­sory and cor­po­rate law advice on struc­tu­ring and restruc­tu­ring of alter­na­tive finan­cial pro­ducts, in parti­cu­lar invest­ment assets, trust struc­tu­res and asset mana­ge­ment (espe­cially in the areas of real estate, trans­por­ta­tion, pri­vate equity, pri­vate debt, infra­struc­ture and energy)
    • Advice on pro­s­pec­tus pre­pa­ra­tion and pre­pa­ra­tion of sub­scrip­tion docu­ments for the domestic and cross-bor­der sale of alter­na­tive finan­cial pro­ducts, inclu­ding noti­fi­ca­tion and appro­val pro­ce­du­res with BaFin (Bun­des­an­stalt für Finanz­di­enst­leis­tungs­auf­sicht)
    • Advice on the regu­latory com­p­li­ant acqui­si­tion of assets for alter­na­tive finan­cial pro­ducts
    • Advi­sing inve­s­tors on inves­ting in finan­cial pro­ducts, in parti­cu­lar che­cking invest­ment com­p­li­ance accor­ding to VAG/AnlV/Sol­vency II
    • Advice on pro­duct design and sales in the Fin­Tech sec­tor, in parti­cu­lar alter­na­tive pay­ment sys­tems, crowd­fun­ding, use of block­chain tech­no­logy in the finan­cial sec­tor (in parti­cu­lar ini­tial coin offe­ring/ICO, secu­ri­ties token offe­ring/STO, tra­ding with crypto cur­ren­cies), auto­ma­ted finan­cial port­fo­lio mana­ge­ment/invest­ment advice and digi­ta­li­zed finan­cial pro­duct sales
    • Advice on gene­ral ban­king con­tract law, inclu­ding gene­ral terms and con­di­ti­ons
    • Advi­sing com­pa­nies on how to avoid regu­la­tion, in parti­cu­lar on regu­latory free capi­tal rai­sing, inclu­ding joint ven­tu­res/club deals

  • Insti­tu­tio­nal and mar­ket super­vi­sion
    • Advice on the estab­lish­ment and acqui­si­tion of insti­tu­ti­ons and bran­ches, as well as on obtai­ning or exten­ding insti­tute licen­ses or regi­s­t­ra­ti­ons in accor­dance with the Ger­man Ban­king Act (KWG), the Ger­man Invest­ment Bank Act (KAGB) or the Ger­man Insurance Super­vi­sion Act (ZAG)
    • Advice on the struc­tu­ral and pro­ce­du­ral orga­niza­tion of super­vi­sed insti­tu­ti­ons and other obli­ga­ted par­ties, in parti­cu­lar on the estab­lish­ment of risk and com­p­li­ance mana­ge­ment sys­tems as well as insti­tu­tion com­pen­sa­tion sys­tems, capi­tal ade­qu­acy, out­sour­cing, money laun­de­ring audits, tran­s­pa­rency and dis­c­lo­sure obli­ga­ti­ons and other gover­nance and con­duct obli­ga­ti­ons
    • Advice on repor­ting and noti­fi­ca­tion mat­ters and on ownership con­trol in the con­text of mer­gers and acqui­si­ti­ons
    • Advice on capi­tal mar­ket com­p­li­ance
    • Con­sul­ting on coope­ra­ti­ons and plat­form solu­ti­ons, espe­cially in the Fin­Tech sec­tor

  • Liti­ga­tion / Rep­re­sen­ta­tion in pro­cee­dings
    • Rep­re­sen­ta­tion of cre­dit insti­tu­ti­ons, spon­sors, issu­ers, admi­ni­s­t­ra­tors, inter­me­dia­ries and other ser­vice pro­vi­ders as well as insti­tu­tio­nal inve­s­tors in civil law dis­pu­tes, in parti­cu­lar in connec­tion with pro­s­pec­tus lia­bi­lity acti­ons and other claims for dama­ges in connec­tion with finan­cial pro­ducts or finan­cial ser­vices (indi­vi­dual and mass pro­cee­dings)
    • Rep­re­sen­ta­tion in regu­latory pro­cee­dings against the finan­cial super­vi­sory aut­ho­rity
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