Karsten Wöckener

Partner, Frankfurt

Biography

Karsten Wöckener has ‘enormously detailed knowledge’, ‘shows an impressive level of accuracy, diligence and oversight’ and has an ‘honest, direct and solution-oriented approach’ (The Legal 500 Germany 2018). Karsten Wöckener is named as a highly regarded lawyer for Debt Capital Markets in JUVE 2018, IFLR1000 2018, Chambers Europe Germany 2018.

Overview

Karsten Wöckener is Executive Partner of the White & Case Frankfurt office and a partner in the Global Capital Markets Practice. Karsten advises issuers and investment banks on corporate finance matters.

His focus is on debt and equity capital markets as well as structured finance, including in particular the issuance of investment grade and high yield bonds, (pre-IPO) convertible bonds, exchangeable bonds and various hybrid instruments, structured finance and securitisation products (including trade finance), derivatives and Schuldscheine/ German private placements.

Karsten Wöckener also advises issuers and banks on the establishment and update of refinancing platforms, including EMTN and CP programmes as well as structured note programmes and factoring platforms.

Karsten Wöckener represents several fintech, insurtech and startup companies in connection with their market entry and rounds of financing. This especially includes the launch of digital platforms, the use of distributed ledger technology (e.g. blockchain) regarding the issuance of securities as well as strategic considerations and the use of new technologies in corporate financing. He regularly advises various associations on "Digital Corporate Finance" matters.

Bars and Courts
Solicitor (England and Wales)
Rechtsanwalt
Education
LLM
US and Global Business Law
Suffolk University

Boston

Second State Exam
Higher Regional Court of Frankfurt

Hessen

First State Exam
Albert-Ludwigs-University of Freiburg

Baden-Württemberg

JD
University of Freiburg
Languages
German
English

Experience

LBBW
Advising Landesbank Baden-Württemberg (LBBW) on its first issue of Additional Tier 1 (AT 1) bonds with an aggregate principal amount of €750 million under LBBW's newly established AT 1 debt issuance programme with a total volume of €1.5 billion.

Medicover
Advising Medicover Holding S.A. and Medicover AB on its €120 million debut assignable loan (Schuldscheindarlehen), which consists of several tranches with different maturity profiles.

Continental
Advising a consortium of banks on several bond issuances by Continental Aktiengesellschaft with a total volume of €1.1 billion.

Wirecard
Advising consortium of banks on the debut bond issue by Wirecard AG with an aggregate principal amount of €500 million.

Lufthansa
Advising Deutsche Lufthansa Aktiengesellschaft on the issuance of bonds with an aggregate principal amount of €500 million.

Finledger
Advising four banks on setting up a platform for the issuance of Schuldscheindarlehen (assignable loan agreements) using distributed ledger technology (DLT).

Hella
Advising consortium of banks on a €500 million bond issue by Hella GmbH & Co. KG.

E.ON
Advising E.ON SE on the issuance of green bonds and further bonds with an aggregate principal amount of €2 billion.

DIC Asset
Advising DIC Asset AG on its debut on the Schuldschein market and the issuance of registered notes with an aggregate principal amount of €150 million.

OMV
Advising a consortium of banks on (i) the €1 billion bond issuance of OMV Aktiengesellschaft and (ii) on the €500 million hybrid bond issued by OMV Aktiengesellschaft.

Dream Gobal REIT
Advising the sole lead managers in connection with the placement of several notes issued by a financing vehicle of Canada's DreamGlobal REIT with a total amount of €675 million.

Bilfinger
Advising a consortium of banks on a €250 million bond issue by Bilfinger SE.

Symrise
Advising a consortium of banks on Symrise AG's €500 million bond issue.

Berlin Hyp
Advising a consortium of banks on Berlin Hyp AG's issuance of green Pfandbriefe for an aggregate principle amount of €500 million.

ING-Diba
Advising a consortium of banks on a €1.5 billion dual tranche Mortgage Covered Bond (Pfandbrief) issued by ING-DiBa AG.

Senvion
Advising the global coordinators on the €62.5 million capital increase without subscription rights of Senvion S.A.

ADLER Real Estate
Advising a consortium of banks on a dual tranche bond issuance of ADLER Real Estate AG with a volume of €800 million and a repurchase offer of up to €200 million.

Eintracht Frankfurt
Advising Eintracht Frankfurt Fußball Aktiengesellschaft on all capital market, corporate and tax law issues in connection with a complex measure to strengthen the equity base.

Deutsche Börse
Advising a consortium of banks on a bond issuance of Deutsche Börse Aktiengesellschaft with a total volume of €600 million.

VERBUND
Advising Austria's leading electricity company Verbund AG on (i) the structuring, documentation, and placement of a first-of-its-kind €100 million green bond via the fully integrated digital platform vc trade and (ii) the issue of the first green bond by an Austrian company with a volume of €500 million.

Tank & Rast
Advised Tank & Rast on its €300 million bonds issue under its €5 billion EMTN programme.

LBBW
Advised a consortium of banks on the issuance of debut green bonds by LBBW with a total volume of €750 million.

Santander Consumer Bank
Advised Santander Consumer Bank AG on its debut bond issuance with a total volume of €250 million.

Consus Real Estate
Advised Consus Real Estate AG with respect to its debut convertible bond with a total volume of €200 million.

UniCredit
Advised a consortium of banks on the €13 billion rights offering of UniCredit S.p.A.

Covestro
Advised a consortium of banks on the issuance of a €1.5 billion debut bond.

Otto Bock
Advised the arranger on the placement of a debut Schuldschein of Otto Bock Holding GmbH & Co. KG with a total volume of €600 million.

Degussa Bank
Advising Degussa Bank AG on the issuance of additional Tier 1 capital (AT 1) in the form of a contingent convertible bond (CoCo) with a volume of €60 million.

Infineon technologies
Advising a consortium of banks on the debut bond of Infineon Technologies Ag with a volume of €800 million.

LBBW
Advising a consortium of banks on LBBW's €500 million Tier 2 bond issuance.

WGZ
Advising WGZ Bank AG Westdeutsche Genossenschafts-Zentralbank on the issuance of a subordinated convertible bond with a volume of €128 million.

Anoa Capital
Advising Anoa Capital S.A. as sole bookrunner and KNG Securities LLP as co-manager on the issuance of a convertible bond with a volume of €100 million.

HP Pelzer
Advising the automotive supplier HP Pelzer Holding GmbH on the issuance of a high yield bond with a volume of €230 million due 2021 and a coupon of 7.5% p.a.

Nord/LB
Advising Norddeutsche Landesbank -Girozentrale- on the issuance of a subordinated Tier 2 bond.

Republic of Bulgaria
Advising the arrangers on the placement of a debut Schuldschein of the Republic of Bulgaria with a volume of €360 million.

ATON
Advising a consortium of banks on the debut bond of ATON group with a volume of €200 million.

CeramTec
Advising Deutsche Bank AG as administrative agent and joint lead arranger and joint bookrunner in connection with senior secured credit facilities of CeramTec group.

Publications

Wöckener, Karsten: Handbuch der AG-Finanzierung (Publisher: Ekkenga), Chapter 13 Schuldscheindarlehen, 2. Auflage 2019 (2nd edition 2019)

Wöckener, Karsten, Freudenberger, Cristina: KurG (Publisher: Kalss / Moser): SchVG Annex 4 - Exkurs: Überblick zum deutschen Schuldverschreibungsgesetz, 1. Auflage 2018 (1st edition 2018)

Wöckener, Karsten, Becker, Peter: Unternehmensfinanzierung am Kapitalmarkt (Publisher: Habersack / Mülbert / Schlitt) - § 13 Genussrechte, 4. Auflage 2018 (4th edition 2018)

Wöckener, Karsten, Artzinger-Bolten, Jochen: Schuldverschreibungen (Publisher: Hopt / Seibt) - §§ 1 - 3, 24 SchVG; Anhänge C, D, 1. Auflage, 2017 (Annexes C, D, 1st edition, 2017)

Wöckener, Karsten; Langen, Markus: Negative Zinsen beeinflussen Kapitalmarktrecht, Boersen-Zeitung, 2015, p. 9

Wöckener, Karsten, Frankfurt Kommentar, Schuldverschreibungs-gesetz (Publisher: Friedl / Hartwig-Jacob), §§ 7,8 und 18. 1. Auflage und 2. Auflage 2013 / 2017 (1st edition and 2nd edition 2013 & 2017)

Wöckener, Karsten; Höfer, Helmut: Fairness-Kodex für bessere Produktinformation, Boersen-Zeitung, 2013, p. 9

Awards and Recognition

Highly recommended lawyer,
JUVE 2019/2020

Leading Lawyer, Chambers Europe 2018 and Chambers Global 2018, Germany 
Capital Markets: Debt

Band 2: "He can give classic legal advice for a big corporate client and also understand the needs and particularities of a start-up.", Chambers FinTech Legal Germany 2018/2019

Expertise based abroad in Austria: Karsten "has a strong record and works on several large transactions of Austrian issuers as international counsel.", Chambers Capital Markets Austria 2019

Frankfurt lawyer with significant capital market business in Austria, JUVE Austria 2019/2020