Linklaters > Frankfurt, Germany > Firm Profile

17 01 11

Banking and finance > Financial services: regulatory Tier 1

Banking and finance > Investment funds Tier 1

Linklaters‘ key strength in the investment fund area is the advice on the structuring and launch of funds. The team focuses on alternative asset classes, including real estate funds, as well as debt funds and European long-term investment funds (ELTIFs). Matters pertaining to fundraising, regulatory law and ESG are also covered. The practice management demonstrates real estate expertise with co-head of the real estate practice Markus Wollenhaupt and Alexander Vogt, who advises on alternative investments as well as transactions in the asset management sphere. Olena Tokman made partner in May 2023 and is well versed in regulatory issues and transactions.

Practice head(s):

Alexander Vogt; Markus Wollenhaupt

Other key lawyers:


‘Very high level of commitment and service orientation, very broad and deep expertise.’

‘Olena Tokman: Expertise, solution orientation and holistic case consideration.’

‘The team provides a one-stop shop for US real estate fund managers seeking access to capital outside of Europe. Strong English-speaking resources in Germany coupled with US-based colleagues leave no stone unturned.’

‘Alexander Vogt was irreplaceable for us. A commercial native English speaker with extensive knowledge. I can’t praise him highly enough.’

‘The team led by Alexander Vogt does an excellent job and is at the forefront of industry standards.’

‘Alexander Vogt has remarkable expertise and authority in regulatory issues. He also has excellent negotiating skills.’

‘Excellent team with extensive market knowledge! Very focused and helpful with the transactions.’

‘Markus Wollenhaupt and Olena Tokman use their expertise to guide the transactions excellently and – in addition to their legal expertise – they also have an excellent economic understanding.’

Capital markets > Debt capital markets Tier 1

Hybrid, convertible and exchangeable bonds as well as straight debt and EMTN programs form the core business of Linklaters' practice, while it is also frequently instructed to assist with ESG-related bonds issues. Thanks to its broad set-up, the group is further experienced in advising on matters at the interface of ECM and DCM, including hybrid instruments. International transactions are frequently handled by Alexander Schlee, who is experienced in block trades as well as convertible and exchangeable bonds, among other matters; Peter Waltz also specialises in the latter, with his wealth of experience further spanning regulatory matters and structured financing. Counsel Martin Rojahn is another key contact for hybrid bonds and ESG-related transactions.


‘Outstanding up-to-date market expertise and many years of experience in the bonds sector.’

‘Quick comprehension and practical solutions, excellent drafting skills.’

‘Very strong ECM and DCM practice. Now a leader in all landmark transactions.’

‘Deep technical expertise paired with expertise from other relevant areas (e.g. finance, corporate, regulatory). From a regional perspective, the international presence in Europe and Asia is particularly interesting, and partners there also have excellent expertise.’

‘Alexander Schlee has extensive capital markets expertise and always has an eye for the economic background of issues. Permanently available. Very good negotiator.’

Capital markets > Equity capital markets Tier 1

Linklaters' capital markets practice has continued to be involved in the largest transactions of recent times; symbolic of this was its advice to Porsche and Volkswagen on the IPO of Porsche AG. In addition to IPOs, the group also assists with spin-offs, capital increases and block trades, among other matters, and acts on both the bank and issuer side. Practice head Marco Carbonare particularly impresses in international transactions, for instance in relation to Scandinavia, Austria and the US, and is also experienced in corporate and M&A. Alexander Schlee's mainstays include IPOs and subscription rights capital increases.

Practice head(s):

Marco Carbonare

Other key lawyers:

Alexander Schlee; Carsten Rauch


‘Professional interfaces also exist with other areas, such as corporate law and employment law.’

‘Marco Carbonare has extensive and helpful IPO experience. Complete dedication to the project.’

Capital markets > Structured finance and securitisation Tier 1

Linklaters' core competencies include the structuring of international financings and those related to ESG and new technologies as well as (synthetic) securitisations, which are often handled for clients from the electronic payment services, automotive and Fintech sectors. This is complemented by expertise in repackaging transactions as well as in derivatives across all asset classes; practice head Christian Storck is one of the central contacts for the latter area and not only covers OTC derivatives but also various capital market products and structured financing. Barbara Lauer specialises in NPL transactions and synthetic securitisations and, alongside Burkhard Rinne and counsel Jördis Heckt-Harbeck, is also experienced in asset-based structured financing.

Practice head(s):

Christian Storck

Other key lawyers:


‘Leading position in regulatory and contractual/insolvency law for financial futures transactions (derivatives). Very high level of expertise and market knowledge.’

‘Large team that can cover many different facets.’

‘Christian Storck is very competent and pragmatic.’

‘Broadly based, high quality, high level of understanding.’

‘Enormous depth and breadth of know-how on legal issues in connection with capital market products.’

‘Burkhard Rinne is an excellent team player with deep legal and technical knowledge. He brings himself into a transaction on his own initiative with the highest level of commitment. He is not only solution-oriented, but also highly efficient and thus inspires the entire transaction team.’

‘Jörg Fried is the market leader in Germany for OTC derivatives: great legal expertise (especially in netting and complex transactions) and very good economic understanding.’

Barbara Lauer has extensive knowledge of securitisation and loan law, both on consumer and commercial side. Deep market knowledge in Germany and a very good overview of market practice in Luxembourg and France.

Corporate and M&A > Corporate Tier 1

Linklaters advises DAX40, MDAX and SDAX companies as well as other high-profile German and international corporations and their boards of directors on corporate issues, including in connection with restructuring projects, reorganisations, IPOs and general meetings. Tim Johannsen-Roth further complements the practice's capacities with expertise in complex M&A deals, restructuring and corporate governance and jointly leads the team with Marco Carbonare, who assists companies and financial investors with cross-border M&A and capital market transactions. The team also includes Ralph Wollburg, who heads the global M&A group and advises DAX companies on cross-border acquisitions, Kristina Klaaßen-Kaiser (cross-border mergers, sales and acquisitions), Staffan Illert (stock and capital market law advice as well as corporate disputes) and Hans -Ulrich Wilsing (stock corporation and corporate law). M&A and restructuring expert Andreas Zenner made partner in May 2023.

Practice head(s):

Tim Johannsen-Roth; Marco Carbonare

Other key lawyers:


‘Ralph Wollburg and Hans-Ulrich Wilsing: Still strong corporate partners in Düsseldorf.’

‘Ralph Wollburg and Hans-Ulrich Wilsing: excellent networkers and strategists.’

‘We received excellent support from Linklaters Hamburg. The team had just the right combination of seniority and skills for the matter. They showed a good understanding of the needs of a non-German client. Great general business and communication skills in addition to great legal skills. Good value.’

Work highlights

  • Comprehensive advice on the reorganisation of Aldi Nord’s group of companies, including the implementation of a new group and foundation structure as well as coordination with tax authorities and foundation supervision.
  • Advising Uniper on the federal rescue package worth more than €30 billion in state support via equity measures as well as advising on all state aid and public law aspects of the stabilisation and rescue package, which was coordinated and negotiated with majority shareholder Fortum and the Federal Republic of Germany and should be further coordinated with the European Commission.
  • Advising thyssenkupp on its comprehensive corporate review and preparation regarding the possible independence of its steel division, comprehensive corporate advice on the sale of a stake in the steel division to an industrial partner, corporate advice on the spin-off and subsequent IPO of thyssenkrupp subsidiary Nucera (formerly Uhde Chlorine Engineers) and comprehensive corporate advice on the intended spin-off.

Corporate and M&A > M&A

Linklaters advises DAX40 and international companies and their bodies on large and mid-cap, often cross-border transactions. A particular practice focus rests on advising companies from the energy, health, infrastructure and mobility sectors, with clients from the technology, chemical and financial services sectors also accessing the team's expertise. Tim Johannsen-Roth, who primarily advises on public takeovers, restructurings and national and international acquisitions, and corporate and private equity expert Marco Carbonare jointly lead the group. The core team also includes Ralph Wollburg, who heads the global M&A practice and primarily looks after DAX companies, Kristina Klaaßen-Kaiser, who is experienced in national and international M&A, Christoph van Lier, who is well versed in public takeovers, as well as the M&A and corporate disputes-savvy Staffan Illert. In May 2023, private equity specialist Carl Sanders and Andreas Zenner (M&A transactions, restructuring, corporate law) made partners, while real estate lawyer Carsten Loll joined Latham & Watkins LLP in October 2022. The two managing associates Dominik Wegener (in addition to M&A also VC) and Alina Kaufmann (in addition to M&A also general corporate law) are additional key contacts.

Practice head(s):

Tim Johannsen-Roth; Marco Carbonare


‘Tim Johannsen-Roth: Very confident and a good negotiator.’

‘Staffan Illert: Very good lawyer, solution-oriented.’

‘Ralph Wollburg: Very great knowledge.’

‘Ralph Wollburg: An outstanding lawyer, very deep wealth of experience.’

‘Staffan Illert: Fantastic to work with, great but very pragmatic awareness of problems and solution-oriented, very good lawyer.’

‘Fantastic team, lots of very good partners.’

‘We received excellent support from Linklaters Hamburg. The team had just the right combination of seniority and skills for the matter. They showed a good understanding of the needs of a non-German client. Great general business and communication skills in addition to great legal skills. Good value.’

Work highlights

  • Advising Volkswagen and Porsche on the IPO of 25% of the preferred share capital of Porsche AG and on the sale of 25% plus one share of the share capital of Porsche AG from Volkswagen AG to Porsche Automobil Holding SE with a total value of €19.5 billion.
  • Advising Carrier Global Corporation on its acquisition of Viessmann Climate Solutions for €12 billion in cash and shares issued directly to Viessmann Group.
  • Advising Vodafone Group Services Limited on the strategic partnership with GIP and KKR for Vantage Towers and the preceding bidding process as well as advising on the contribution of Vodafone’s German fiber optic business into a joint venture with Altice and the preceding bidding process.

Dispute resolution > Commercial litigation Tier 1

Due to its interdisciplinary set-up and global integration, Linklaters' renowned dispute resolution practice handles an impressive number of contentious matters for national and international companies in the healthcare, energy, automotive and financial services industries; the team places a particular focus on banking, corporate and commercial disputes, antitrust damages proceedings as well as D&O and product liability conflicts. In the energy sector, the practice further focuses on contentious supply contract, price adjustment and hardship clauses issues, where practice head Alexandros Chatzinerantzis has extensive experience, as well as on construction, commercial and corporate conflicts. Contentious ESG matters are also increasingly contributing to the practice's case load - here Julia Grothaus (antitrust and corporate law) places a strong focus on liability risks associated with sustainability issues. While Rupert Bellinghausen is active in post-M&A arbitration proceedings, class actions, antitrust damages litigation, product liability and corporate disputes, Kerstin Wilhelm advises on white-collar criminal proceedings. Counsel Anke Krause is one of the key contacts for product liability proceedings and contractual disputes.

Practice head(s):

Alexandros Chatzinerantzis

Other key lawyers:


‘Christian Schmitt and his team are very good, professional and competent, so that clients feel that they are in good hands and well advised. The team is also very pragmatic and can be creative in defining and advising on defense strategies.’

‘Highly motivated and qualified, very pleasant, pragmatic, goal-oriented and solution-oriented.’

‘Broad practice with the opportunity to seamlessly integrate colleagues with specialist knowledge. However, it is advisable to pay close attention to the scope of work of the specialist colleagues involved.’

‘Christian Schmitt: Very good litigator, good tactics, very well structured briefs.’

‘I have only had good experiences with Linklaters Frankfurt so far. The organisation of the teams is very good and working together is very pleasant.’

‘The collaboration with Alexandros Chatzinerantzis and his team is always very good. Requests/queries are responded to quickly and the work has been very good so far. Personal interaction is also very pleasant.’

‘Alexandros Chatzinerantzis: Distinguished by his knowledge and experience in energy and contract law. He is always well prepared and very confident. Unreserved recommendation from me.’

Work highlights

  • Advising and representing Steinhoff International Holdings NV in shareholder litigation in connection with allegations of alleged accounting irregularities on the company listed on the Frankfurt Stock Exchange. Also representing the company in an investor test case before the Frankfurt Higher Regional Court.
  • Representation of Deutsche Oppenheim Family Office AG (formerly Sal. Oppenheim) in various legal disputes with personally liable partners regarding various real estate transactions.
  • Ongoing advice to Yunneng Wind Power Company Ltd on claim management, claim enforcement in interim relief (Germany and Malaysia) and preparation of several adjudication and arbitration proceedings against a Malaysian special vessel operator and a Malaysian bank in connection with the delays in the construction of the largest offshore wind farms in Taiwan.

Dispute resolution > Financial services: litigation Tier 1

Linklaters primarily acts for national and international banks: practice head Alexandros Chatzinerantzis and Christian Schmitt, who particularly focuses on defending banks against damages claims and cum-ex-related advice, are among the key contacts. Various clients from the automotive, energy and healthcare sectors further rely on the team's experience in complex sanctions and fine proceedings, in enforcing damages claims and in contractual disputes.

Practice head(s):

Alexandros Chatzinerantzis

Other key lawyers:


‘Very good understanding of proceedings and courts; good understanding of legal issues, detailed work on the facts; very targeted work on the case; pleasant to work with.’

‘The Linklaters team has a profound understanding of various business areas of an investment bank and the market and can therefore easily classify disputes and advise on individual aspects. Advice is comprehensive and balanced and takes into account relevant risk categories (such as business and reputational risk).’

‘Christian Schmitt: He has extensive specialist knowledge, solid market expertise and the necessary regulatory skills and advises us very well. His strengths lie in clear, well-structured advice, while not only focusing on the actual question but also fully examining related areas and problems. This is particularly important as we require a correct classification for our risk assessment.’

Work highlights

  • Advising and representing Steinhoff International Holdings NV in shareholder lawsuits in connection with allegations of alleged accounting irregularities; also represented the company in an investor model case before the Frankfurt Higher Regional Court.
  • Successful defense of Erste Abwaltungsanstalt AöR (EAA) against Portigon AG’s attempt to shift its cum-ex tax liabilities of over €1 billion to the EAA.
  • Defending VISA against antitrust removal, injunction and damages claims brought by almost 300 banks in relation to the allowance of direct customer fees in a four-party payment card procedure.

Industry focus > Energy

Energy suppliers, project developers, financial investors, banks as well as states regularly call upon Linklaters' energy sector expertise in the transactions context, where Jens Hollinder Bäumer and practice head Thomas Schulz are among the key contacts. This is complemented by regulatory expertise, thereby advising on emissions trading and security of energy supply. The team also assists with transaction-related financing issues and dispute resolution and covers various sectors, including oil and gas, nuclear power, LNG, hydrogen and renewable energies as well as energy storage systems and e-mobility. Counsel Julia Sack is another key contact and is experienced in transactions and joint ventures.

Practice head(s):

Thomas Schulz

Other key lawyers:

Jens Hollinderbäumer; Julia Sack; Christopher Bremme; Jörg Fried


‘Very well connected, excellent knowledge of the energy market and a very practical approach providing concrete recommendations with a business focus. They live their values ​​and principles: every lawyer we have worked with has demonstrated a high level of commitment and ethics.’

‘Jens Hollinder Bäumer has demonstrated a high level of availability and responsiveness. He brought all the expertise necessary to make clear recommendations that accelerate the decision-making process. Overall: fast delivery given short deadlines, high quality in the analysis and extreme friendliness under high pressure. Excellent team, highly recommended!’

‘Thomas Schulz has excellent knowledge of the industry and can quickly familiarize himself with complex topics.’

‘The entire team is very business-oriented and therefore also very solution-oriented. They know how to weigh up risks and have a very good understanding of the needs of the client and the project.’

‘Thomas Schulz and Christopher Bremme are unreservedly recommended. Excellent expertise paired with excellent handling.’

‘The team always works with commitment and provides advice on transactions in the energy sector at the highest level. Thomas Schulz and Christopher Bremme are experts in their field who are always available and are strategic thinkers with an eye for the important details.’

‘Christopher Bremme is an excellent negotiator whose commitment to his clients is unparalleled and who meets the highest demands in terms of content and time. He is distinguished by his expert knowledge in the energy sector, which allows him to quickly familiarize himself with new issues and offer fast solutions to complex problems. Working with him is fun.’

‘Jens Hollinder Bäumer offers individual solutions and pragmatic approaches. Easy access to the team.’

Work highlights

  • Advising KfW on the acquisition of a 50% share in the project company for the planned LNG terminal in Brunsbüttel from the Dutch gas network operator Gasunie.
  • Advising EDP Renováeis on the acquisition of a 70% stake in the solar project developer Kronos Solar and its portfolio with 190 solar projects in various stages of development in Germany, France, the Netherlands and the United Kingdom.
  • Advising Westenergie AG on its cooperation with RheinEnergie AG to realign and strengthen their existing cooperation in the Rhine region pertaining to energy infrastructure, municipal utility investments and business models for urban and regional centers.

Germany > Tax Tier 1

Linklaters is particularly well versed in transactional tax law and regularly advises market-leading companies and financial institutions across practices and countries. Thus, practice head Oliver Rosenberg, who was appointed Global Head of Tax in 2022, routinely assists with M&A projects with a focus on the energy sector as well as with complex restructurings. Here, he can also rely on the expertise of Sebastian Benz, Andreas Schaflitzl and Christian Hundeshagen, who are also adept at transfer pricing. In addition, the company has adjacent skills in ​​fund structuring and investment tax law and supplements this with relevant experience in crisis management, compliance and criminal tax matters. Jens Blumenberg is the key contact for cum-ex and cum-cum issues, while Rainer Stadler handles tax disputes as well as tax-oriented group restructuring and fund structuring. Restructuring specialist Anne Katharina Rosenow made counsel in November 2022. Counsels Julian Böhmer and Kirsten Placke focus on tax structuring advice related to corporate restructuring and transactions.

Practice head(s):

Oliver Rosenberg


‘Fast response times and reliability as well as high professional quality are outstanding in the industry. Linklaters thinks for the client and is therefore able to provide precise advice. The team also exchanges information about ongoing projects and can therefore respond to questions at any time. The team also thinks outside the box, which also makes the advice more valuable.’

‘Broad tax practice at the highest level. Strong commercial judgment is used to provide concrete and actionable recommendations with a balanced risk awareness. Trusted advisor for complex tax structuring, especially in cross-border areas.’

‘For me, Oliver Rosenberg is one of the absolute best tax lawyers in Germany. Excellent, broad professional expertise, including in the area of ​​corporate law. Excellent judgment. Strong in negotiations.’

‘The firm covers a wide range of tax law and has many outstanding partners.’

‘Very good transaction service and industry experience, reliable contacts in financial administration.’

‘Sebastian Benz is technically strong, experienced and assertive.’

‘Julian Böhmer and Sebastian Benz are distinguished by the highest level of professional competence. Based on this expertise, they always find solutions to combine complicated tax law with business needs. The price-performance ratio is right.’

‘Sebastian Benz has a high level of expertise. I appreciated the discussion at “eye level”.’

Work highlights

  • Tax advice to Carrier Global Corporation on its €12 billion acquisition of Viessmann Climate Solutions.
  • Advising Ernst & Young on the separation of its audit and consulting business into two separate organisations.
  • Tax advice to Volkswagen AG and Porsche AG on the conception of the transaction and the preparation of the IPO of Porsche AG.

Trade and distribution > Foreign trade law

Linklaters specialises in investment control and advises on regulatory compliance as well as approval procedures and merger control filings. Here, practice head and merger control expert Christoph Barth regularly supports transactions of Chinese investment funds. Thanks to the close cooperation with the dispute resolution practice, the team increasingly assists with sanctions law matters in supporting companies in the sale of Russian company shares.

Practice head(s):

Christoph Barth

Other key lawyers:

Kerstin Wilhelm; Julia Grothaus; David-Julien dos Santos Goncalves


‘Interdisciplinary project teams. Very good international network. Fast scalability thanks to the resources of a major international law firm. Very good customer orientation.’

‘Kerstin Wilhelm offers the highest level of specialist expertise, maximum commitment, integrity, and open and clear communication.’

‘Kerstin Wilhelm was an important support for the company and the compliance team in dealing with numerous complex legal matters. The collaboration was very good, open and productive.’

‘Kerstin Wilhelm proved to be reliable, highly competent and able to do good work in very complex and company-relevant matters.’

Work highlights

  • Advising the Volkswagen Group on sanctions law on the sale of its shares in Volkswagen Group Rus LLC and its local subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to Art-Finance LLC, which is owned by the Russian dealer Avilon.
  • Advising ELMOS Semiconductor SE on the planned sale of chip production to the Swedish semiconductor company Silex.

Germany > Antitrust Tier 2

Integrated into the global antitrust & foreign investment group, Linklaters‘ German antitrust team offers longstanding experience in national and international merger control as well as cartel proceedings, including abuse of market power and damages compensation proceedings before the relevant authorities in Germany and the EU. In addition to ongoing antitrust law advice, which also covers compliance, the team regularly advises in close cooperation with the experts from the corporate, dispute resolution and energy law teams; this is complemented by Christoph Barth‘s investment control expertise. Key contact Carsten Grave is experienced in merger control and cartel proceedings. Other core members are Daniela Seeliger (cartel proceedings, compliance and cross-border merger control proceedings) and counsel Ingo Klauß, who is increasingly instructed by clients with a dominant market position.


‘Linklaters’ antitrust team has strong sector expertise in the telecommunications market and cleverly combines this with excellent antitrust law expertise. Even when it comes to questions about day-to-day business, the team succeeds in generating added value with precise, yet practical advice and, with appropriate effort, identifying and designing good solution areas.’

‘Highly motivated and qualified, very pleasant, pragmatic, goal-oriented and solution-oriented.’

‘Daniela Seeliger: Competence and argumentative persuasiveness with a friendly, approachable relationship with the client.’

‘Carsten Grave: Technically excellent, at the same time pragmatic, reliable partner even in difficult situations.’

‘Christoph Barth has an impressively broad range of knowledge and knows how to find pragmatic solutions.’

‘Kaan Gürer: Good availability for the client; his work is result-oriented and prepared for the client and the working practice. Very pleasant to work with.’

‘Ingo Klauß: An exceptional consultant who delivers outstanding performance both in his own work and in that of his team.’

‘David-Julien dos Santos Goncalves: Committed and experienced in merger control.’

Work highlights

  • Advice to Dr. Ing. hc F. Porsche AG on the antitrust proceedings on car emissions before the European Commission against the five German automobile manufacturers Daimler, BMW, Volkswagen, Audi and Porsche.
  • Representing Silgan Holdings Inc in lengthy antitrust proceedings before the European Commission and in parallel in several proceedings before the European courts due to allegations of alleged antitrust behavior in metal closures and food cans. In July 2022, the European Commission imposed a total fine of €31.5 million on Silgan and its competitor Crown in a settlement decision.
  • Successful defense of E.ON SE against 11 annulment actions brought by various municipal utilities and regional energy companies regarding the European Commission’s approval under merger control law for the takeover of E.ON’s renewable energy generation plants by RWE AG.

Dispute resolution > Arbitration (including international arbitration) Tier 2

Linklaters' extensive experience in arbitration extends from corporate and commercial conflicts to banking and energy disputes. Head of the German dispute resolution group Alexandros Chatzinerantzis is particularly well versed in the latter area and is also very active as a party representative in construction, commercial and corporate disputes; contentious matters in the healthcare, automotive, consumer goods and chemical sectors represent other practice mainstays. Rupert Bellinghausen is considered an expert in post-M&A arbitration proceedings, while Julia Grothaus and counsel Anke Krause focus on antitrust disputes.

Practice head(s):

Alexandros Chatzinerantzis


‘Excellent know-how. Well-connected within a major international law firm with a focus on our industry.’

‘Highly motivated and qualified, very pleasant, pragmatic, goal- and solution-oriented.’

‘The team is always up-to-date and there is no loss of information.’

‘Alexandros Chatzinerantzis: Treats every matter equally, whether large or small, with the same weight and, above all, the necessary care. Mr. Chatzinerantzis can be reached at almost any time.’

Work highlights

  • Ongoing advice to Yunneng Wind Power Company Ltd on claim management, enforcement of claims in interim relief (Germany and Malaysia) and preparation of several adjudication and arbitration proceedings against a Malaysian special vessel operator and a Malaysian bank in connection with delays in the construction of the largest offshore wind farms in Taiwan.

Insurance > Advice to insurers Tier 2

Linklaters demonstrates particular strength in restructuring and transactions and is also well versed in the advice on business expansion. The focus here is on insurance company law at the interface with corporate law and M&A. The international orientation and integration of the German team is highlighted with Wolfgang Krauel and Thomas Broichhausen as co-heads of the global insurance group. Broichhausen is experienced in reinsurance structures and bancassurance transactions and also counts insurtechs and fintechs among his clients; Frederik Winter is the key contact for general insurance supervisory matters and investment restrictions.

Practice head(s):

Wolfgang Krauel; Thomas Broichhausen

Other key lawyers:

Frederik Winter; Katrin Zink; Pascal Mildahn


‘Competent advice at the highest level, with the necessary eye for practical relevance. Availability and customer focus.’

‘Very fast response times, extremely good accessibility and availability, good mix of seniority levels within the team.’

‘Very trusting cooperation, outstanding commitment to the client.’

‘The Linklaters team has developed broad knowledge and experience across the entire spectrum of insurance (regulatory law) and can therefore be called upon as ad hoc advisors.’

‘Large and renowned law firm that includes a strong team with profound expertise in the areas of insurance, insurance regulatory law and capital markets law. It primarily covers areas of regulation that are required as part of product design for insurance products and beyond.’

‘The team is equipped with competent partners in a targeted manner according to the desired topics, acts transparently, quickly and reliably and is always customer-oriented.’

‘Frederik Winter: Very profound knowledge of insurance regulatory law, including practical experience from previous mandates. Captures the economic background very well and records solutions. Is a reliable and very pleasant conversation partner.’

‘A very motivated and qualified team that always coordinates perfectly internally and does such excellent work.’

Work highlights

  • Advising Clark Holding SE on the takeover of the British start-up Anorak, on the takeover of the Swiss broker UB Partner, on the acquisition of the group by Clark from Allianz – and corporate law issues.
  • Advising ADAC Finanzdienste GmbH on the termination of the credit card business with LBB and negotiating a potential new cooperation with Solaris SE.
  • Advising an insurance industry association on the effects of the Supply Chain Due Diligence Act on the insurance industry, in particular on the question of the extent to which insurers’ due diligence obligations extend to customers.

Private equity > Transactions

Linklaters routinely cooperates with the corporate and M&A practice, here, the key contacts are Andreas Müller and practice head as well as co-head of the global financial sponsors team Ralph Drebes. This integrated approach is utilised in the advice to investors, including long-standing client relationships, and companies on national and cross-border large and mid-cap transactions. This is complemented by expertise in the regulated industries, including energy, healthcare, (digital) infrastructure and technology, where Carl Sanders is a key contact; he made partner in May 2023.

Practice head(s):


‘Right from the start of the collaboration, I felt safe in the team’s capable hands. The team’s friendly, courteous and extremely helpful approach made the often complex and stressful legal matters I faced easier.’

‘I was impressed by the team’s ability to explain even the most complicated legal issues in an understandable manner. My interests were effectively represented and the team was extremely committed to my concerns. Thanks to the team’s outstanding work, I was able to achieve an extremely positive result that far exceeded expectations.’

‘The accessibility of the team was particularly remarkable. Inquiries were always answered promptly.’

Work highlights

  • Advising Macquarie Asset Management on the sale of its indirect stake in Open Grid Europe (OGE) to Fluxys.
  • Advising Société Générale and its German subsidiary on the sale of the minority stake in Schufa Holding AG to the Swedish financial investor EQT.
  • Advising the majority shareholder GBL in connection with the strategic investment of LRMR Ventures, the family office of LeBron James and Maverick Carter as well as SC Holdings, in Canyon Bicycles.

Real estate and construction > Real estate Tier 2

Linklaters primarily supports investors, banks, insurance companies and investors in pan-European (portfolio) transactions, with recent instructions pertaining to the asset classes logistics, industry, residential and office as well as specialist properties such as nursing homes, retirement properties and data centers. Practice head Wolfram Krüger boasts similar competencies and also acts as a notary. The team also assists with financing and refinancing as well as asset management. The growth topic ESG includes the advice on legislative and regulatory measures to reduce greenhouse gases, sustainability-related matters under tenancy law and ESG in connection with transactions. In October 2022, real estate transaction expert Carsten Loll joined Latham & Watkins LLP.

Practice head(s):

Wolfram Krüger

Other key lawyers:

Barbara Rybka; Hannes Dietmaier; Felix Stoecker; Isabelle-Carmen Weis


‘Hannes Dietmaier has a quick understanding of the problem from a real estate perspective and very good negotiation experience.’

‘Very high level of commitment and service orientation.’

‘Wolfram Krüger stands out as someone who is both technically and commercially excellent in order to reach an immediate solution at the negotiating table. He is able to see things from both parties’ perspectives and therefore find creative and fair solutions to legal or commercial issues. He is also hardworking and has great attention to detail. He works with a great team of lawyers such as: B. Hannes Dietmaier, who have an equally high standard in their work.’

‘Technically excellent. Commercially oriented. Pragmatic. Great attention to details. Proactive.’

Key clients

CBRE Investment Management

GARBE Industrial Real Estate

BNP Paribas REIM


Goldman Sachs


Work highlights

  • Advising CBRE Investment Management on the acquisition of a portfolio from Vonovia with 1,350 residential units in Germany for €560 million.
  • Advising BNP Paribas REIM on the acquisition of a light industrial real estate portfolio of six properties as part of a share deal for approximately €130 million.
  • Advising CBRE Investment Management on the acquisition of the residence at the Deutsches Theater in Berlin’s government district for €120 million and on the acquisition of a recently completed logistics park at Leipzig-Halle Airport.

Restructuring and insolvency > Restructuring Tier 2

Linklaters offers excellent international capacities and focuses on financial and operational restructuring as well as insolvency law matters and distressed M&A. The traditional focus is on advising players from the banking sector, although the team has also recently been instructed by companies from the tourism, steel, shipbuilding, retail, energy and automotive sectors. Sabine Vorwerk, who is experienced in advising creditors, and Sven Schelo (restructuring of banks and financial institutions) jointly head the practice.

Practice head(s):

Sabine Vorwerk; Sven Schelo


‘Sven Schelo and his team think and work far-sightedly and comprehensively beyond the specific problem presented and proactively recognize the client’s overall interests.’

Work highlights

  • Advising Alvarez & Marsal in its role as provisional liquidator in the judicial liquidation process of the assets of the Genting Group (provisional liquidation under Bermuda law).
  • Advising Uniper on the federal rescue package worth more than €30 billion in state support via equity measures as well as advising on all state aid and public law aspects of the stabilization and rescue package, which was coordinated and negotiated with the majority shareholder Fortum and the Federal Republic of Germany and should be further coordinated with the European Commission.
  • Advising an international logistics company, among other things, in connection with the restructuring and reorganization financing of various companies and representation in connection with appeal proceedings and questions of European insolvency law in connection with the insolvency of a shoe manufacturer.

Banking and finance > Lending and borrowing Tier 3

Linklaters advises lenders, such as national and international banks, as well as companies from various sectors, including energy and infrastructure, on acquisition financing, syndicated credit facilities, promissory note loans, leveraged finance and finance restructuring. Practice head Marc Trinkaus advises on acquisition financing as well as restructuring; his team increasingly assists with sustainable financing matters such as recent instructions pertaining to promissory note transactions. Przemyslaw Lipin is another key contact and focuses on the leveraged finance area.

Practice head(s):

Marc Trinkaus

Other key lawyers:

Urs Lewens; Michal Hlásek; Przemyslaw Lipin


‘The collaboration was very good. There was always a very good overview of the current state of affairs and the legal problems, so that the assessment of the legal and economic issues was well prepared.’

‘Przemyslaw Lipin’s team was very good and supportive.’

Compliance Tier 3

Linklaters' interdisciplinary approach covers cross-border matters and the team frequently advises international financial institutions as well as German and foreign companies from various industries, including energy, aviation, automotive, manufacturing and consumer goods. The practice is experienced in advising on matters in connection with sanctions, including so-called exits of Western companies from Russia; the team also advises on human rights and supply chain-related matters, whistleblower systems, antitrust compliance, corporate governance, D&O liability as well as tax compliance and data protection. Hans-Ulrich Wilsing (corporate governance and corporate law) and Kerstin Wilhelm (internal investigations, preventive compliance and crisis management) jointly head the practice. Managing associate Jacqueline Kusserow advises on the prevention of sanctions risks and is also experienced in internal investigations.

Practice head(s):

Hans-Ulrich Wilsing; Kerstin Wilhelm

Other key lawyers:

Daniel Pauly; Christian Hundeshagen; Timon Grau; Jacqueline Kusserow


‘A key strength was constructive discussions, analysis and brainstorming sessions. Ability to work on complex topics qualitatively under time pressure.’

‘Kerstin Wilhelm provided excellent, timely and high-quality support on complex issues.’

‘Ability to openly and satisfactorily discuss and brainstorm client concerns, including a high level of engagement.’

‘Interdisciplinary project teams, very good international network. Fast scalability thanks to the resources of a major international law firm. Very good customer orientation.’

‘Kerstin Wilhelm is particularly characterized by the highest level of specialist expertise, maximum willingness to perform, high speed of reaction and, at the same time, the highest quality and quality of the work results.’

Work highlights

  • Comprehensive advice on sanctions law to the Volkswagen Group on the sale of its shares in Volkswagen Group Rus LLC and its local subsidiaries to Art-Finance LLC, which is supported by the Russian dealer Avilon.

Compliance > Internal investigations Tier 3

Linklaters is experienced in supporting companies from the energy, aviation, automotive, manufacturing and consumer goods sectors in internal investigations; international matters are covered thanks to the frequent cooperation with the firm’s network. This cross-border expertise is regularly called upon in connection with allegations pertaining to #MeToo, compliance violations, EU and Russia-related sanctions, antitrust law, criminal law and cum-ex. Hans-Ulrich Wilsing (corporate law, governing bodies) and Kerstin Wilhelm (clients' representation and investigations) jointly head the team. Jens Blumenberg and Christian Hundeshagen assist with alleged tax fraud matters, while Daniela Seeliger is well versed in  antitrust law. Associate Jacqueline Kusserow (in addition to internal investigations, dispute resolution and risk assessment regarding sanctions) is another key contact.

Practice head(s):

Hans-Ulrich Wilsing; Kerstin Wilhelm


‘Interdisciplinary project teams with a very good international network. Fast scalability thanks to the resources of a major international law firm. Very good customer orientation.’

‘Kerstin Wilhelm is characterized by the highest level of specialist expertise, maximum willingness to perform, speedy reactions, and at the same time the highest quality of the work results. Integrity and commitment, open and clear communication.’

The Linklaters team around Hans-Ulrich Wilsing is our absolute preferred partner for all critical consulting mandates and investigations by the supervisory board as well as the preparation of our general meeting. In addition to the proven expertise, it is the highly professional advice to the boards of directors and supervisory boards on all matters as well as the difficult subjects.

Hans-Ulrich Wilsing is an outstanding partner; we value his high level of professional expertise, his accurate advice and prioritization of topics, as well as his tailored solutions for the top senior management.

Kerstin Wilhelm: She is technically outstanding and a great strategist.’

Work highlights

  • Advising a leading German automotive supplier following an audit of a German subsidiary on transfer pricing issues and successful settlement with the public prosecutor’s office.
  • Advising a retail company in the fashion industry following a search of its premises by the European Commission due to possible breaches of Article 101 TFEU and concerns regarding improper exchange of information with competitors as well as price fixing and advice on parallel proceedings in the UK and the USA.

Industry focus > Healthcare and life sciences Tier 3

Linklaters' healthcare team is integrated into the global healthcare and life sciences group, thus covers cross-border matters, including transactions, restructuring and joint ventures. The practice is led by Jana Hager, who joined the partner roster in May 2023. Clients stem from the pharmaceutical, biotechnology, medical devices and healthcare services sectors and frequently instruct the team on interfacing corporate and M&A matters as well as regulatory issues in the area of ​​product liability and safety, including related disputes, as well as ​​compliance. Bolko Ehlgen and Julia Schönbohm both complement this offering with expertise in patent law as well as in the digital healthcare and data protection segments.

Practice head(s):

Jana Hager

Other key lawyers:

Work highlights

  • Advising GlaxoSmithKline in a tender process for the award of a so-called pandemic preparedness contract, including negotiations with the Federal Republic of Germany, as well as advising on negotiations with the consortium partner CureVac. Additionally, advice on liability and exemption clauses in the pandemic preparedness contract.
  • Advice to Carlyle and PAI Partners on the acquisition of Theramex, including regulatory advice relating to the investigation of regulatory compliance and product risks and the related contractual drafting.
  • Advising Fresenius SE & Co. KGaA and its committees on the deconsolidation of its subsidiary Fresenius Medical Care AG & Co. KGaA by means of a change of legal form into a stock corporation.

Public sector > Commercial administrative law Tier 3

Public sector > Planning and environment Tier 3

Linklaters particularly often demonstrates its environmental and planning skills in planning and approval procedures for large electricity and gas projects: in this context, the team is not only involved in federal planning advice, but due to practice head Markus Appel's expertise, also covers contractual and climate protection aspects. Appel also increasingly advises on ESG and provides environmental due diligence and compliance assistance for IPOs, M&A transactions and project financing.

Practice head(s):

Markus Appel

Other key lawyers:

Sebastian Meyn

Work highlights

  • Comprehensive advice to TenneT on SuedLink, the “main artery” of the energy transition, and SuedOstLink projects.
  • Advising Amprion GmbH on upcoming planning proceedings (federal planning, plan approval) for the so-called HVDC corridor B.
  • Approval and environmental law advice, in particular due diligence on existing approvals and environmental compliance, for Carrier Global Corporation as part of the acquisition of Viessmann Climate Solutions.

Banking and finance > Fintech Tier 4

Intellectual property > Patent litigation: solicitors Tier 4

Linklaters' key competencies include inter pares and infringement proceedings and are particularly often exerted for global corporations due to the firm's international positioning. The group has further expertise in antitrust-related issues which it applies in SEP and FRAND disputes among other matters. Julia Schönbohm heads the practice and specialises in advice to the technology sector, while Bolko Ehlgen is particularly involved in healthcare-related matters.

Practice head(s):

Julia Schönbohm

Other key lawyers:


‘Julia Schönbohm is a sharp thinker.’

‘Our experiences with Linklaters’ patent law team have been consistently positive. Their high level of commitment clearly stands out in a challenging and dynamic business environment.’

‘The team has a keen eye for commercially viable solutions that are not only legally robust, but also aligned with our business goals and the market situation.’

‘The lawyers on this team demonstrate not only legal expertise, but also an understanding that every legal issue has a larger economic context.’

‘Their proactive approach and willingness to think outside the box sets them apart from the competition.’

Work highlights

  • Defending Seoul Semiconductor against a patent infringement lawsuit related to LEDs for displays and mobile applications filed by a competitor in the Munich District Court, as well as assisting with patent invalidity suits in multiple jurisdictions and coordinating the global defense strategy.
  • Representation of Bundesdruckerei regarding an alleged patent infringement on products that are essential for the fulfillment of its public tasks in the production of passports.
  • Advising Takeda on the enforcement of patents for a new development in the field of rare diseases.

Germany > Employment Tier 5

At Linklaters, restructuring, transaction-related employment issues, crisis management, compliance and company pension schemes stand at the heart of its practice; in the latter area, ongoing advice plays as much a role as disputes and transaction-related issues pertaining to pension buyouts. Financial services industry expert and practice head Matthew Devey advises on carve-outs, outsourcing transactions, business transfers and company pension issues and is thereby increasingly active in cross-border matters. He is supported, among others, by Timon Grau, who is experienced in litigation and advising governing bodies. Peter Gumnior (advising financial services players on contract drafting and compensation issues) joined Gibson, Dunn & Crutcher LLP in February 2024.

Practice head(s):


‘Highest competence, quality and reliability paired with excellent comprehension and pragmatic solution finding for very complex topics and problems.’

‘Matthew Devey is the best employment lawyer I have worked with in recent years. He is a very competent, intelligent, approachable and reliable lawyer coupled with a great personality.’

‘Yukiko Hitzelberger-Kijima is a very competent lawyer who provided us with excellent support in our very complex employment law matter.’

‘Comprehensive knowledge of both individual and collective employment law, including implementation in company agreements.’

‘Yukiko Hitzelberger-Kijima answers quickly and accurately.’

‘Always very friendly and motivated. Very collegial interaction and established trusting cooperation.’

‘Very well organized and competent in every respect. Experts are available for all important areas of law.’

‘Always very friendly and motivated. Very collegial and almost friendly interaction, you are part of the team. Very competent and always approachable, even outside normal working hours.’

Work highlights

  • Advising Carrier Global Corporation on employment law on its takeover of Viessmann Climate Solutions.
  • Advising Audi AG on employment law in connection with its entry into Formula 1, including the establishment and equipping of the Formula 1 company with an operational business and the transfer of the personnel who will work for the Power Unit in the future.
  • Advising Uniper SE on corporate governance and novel remuneration issues as part of the federal rescue package. Employment law aspects included questions of contractual and new legal remuneration requirements (EnSiG) for the board of directors, board members of group companies, the supervisory board and executives.

Industry focus > Telecoms

Linklaters strengthened its regulatory support offering in the telecoms sector with the partner appointment of Jana Hager  in May 2023, which complements existing capacities at the corporate law interface.