The technological revolution sustainably changes the financial industry: through virtual currencies, ICOs, Crowdfunding-platforms, digital asset managers (Robo Advisory) or innovative payment service providers - FinTechs are active on the market for financial service providers and considerably change it, so that even traditional providers adapt their business models.
We advise FinTechs and well-established financial service providers regarding the (re-)structuring of their business models, including questions on the need for authorization of their business activities pursuant to the Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz – ZAG) or the German Banking Act (Kreditwesengesetz –KWG) or the design of online presences and customer agreements.
We also focus on the legal advice of companies and entrepreneurs in financing transactions, which also includes the assessment and design of securities. We advise in refinancing matters as well as regarding all matters of the Banking Law and also represent our clients in litigation in this field and in the field of Capital Investment Law or prospectus liability cases.
Our activities include the advice on continuing obligations required by Capital Market Law, e.g. the prohibition of insider dealing, ad hoc publicity or the publicity of shareholdings required by the Capital Market Law and pursuant to the German Securities Trading Act.
In our practice group Banking & Finance, Fintechs we combine the experience of our attorneys from the fields of banking and financial supervision law as well as IT law, which gives us the ability to provide efficient advice on complex questions regarding contract design and litigation.