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Michael heads the Banking & Finance practice in the Frankfurt office of Bird & Bird and is a member of the international Banking & Finance practice group. Before joining Bird & Bird, he was based in the Frankfurt office of a global US law firm.
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 digitalisation. Michael has remarkable knowledge on new and disruptive technologies such as blockchain and distributed ledger, 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, insuretech, 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. Michael is frequently asked to provide expert opinions and interviews for the daily and specialised press. In this course, he spoke to the UK’s Financial Conduct Authority about technology’s impact on compliance and regulatory reporting (Regtech) or to German Handelsblatt regarding change on card payments and other payment methods due to PSD II implementation.
Client sectors include: Financial Services, Payment Services, Fintech, Insuretech, Regtech, Energy & Utilities, Food & Beverages and Telecommunications & Media.