Karsten Wöckener | White & Case LLP International Law Firm, Global Law Practice
Karsten Wockener
Karsten Wockener

Karsten Wöckener

Partner, Frankfurt

T +49 69 29994 1538

E [email protected]

Karsten Wöckener is mentioned as increasingly recognised in the market, most notably for his efforts to broaden the firm’s bond product offering (Chambers Europe Germany 2016). Karsten Wöckener is named as a highly regarded lawyer for Debt Capital Markets in JUVE 2017/2018, IFLR1000 2018, Chambers Europe Germany 2018.

Overview

Karsten Wöckener represents banks and non-banks, including financial technology (fintech) companies and legal technology companies in connection with issuing and trading platforms of structured products and derivatives (blockchain solutions). He also advises a German fintech company which provides financial institutions and financial service providers with technology which enables such market participants to fulfill financial regulatory requirements.

Furthermore, Karsten Wöckener is an active adviser in the establishment of the Frankfurt Main Finance Dialogue Forum Fintech Frankfurt Rhein-Main and through this role is very close to new developments in the fintech industry.

Moreover, Karsten advises issuers and investment banks on capital markets matters.

He focuses on the issue, underwriting and placement of all types of investment grade and high-yield bonds, promissory notes (Schuldscheine), covered or secured, convertible (equity linked) and hybrid instruments (including AT1 and Tier 2 instruments), and structured, as well as securitisation products.

Drawing on his knowledge of the sector, Karsten has helped numerous clients with structuring, placing and/or listing of these products. This work includes supporting them with their post-admission obligations, and ensuring they are compliant with all of the relevant regulations.

Karsten also advises issuers and banks on establishing or updating their Debt Issuance Programmes/EMTN Programmes, CP Programmes, Structured Note Programmes and secured asset platforms.

He delivers perceptive and valuable advice on liability management (tender offers), issuer's substitutions and the restructuring of outstanding bonds on the basis of the German Bond Act (SchVG).

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

OMV

Advised Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Mizuho International plc and UniCredit Bank Austria AG on the EUR 1 billion bond issue of OMV Aktiengesellschaft.

Tank & Rast

Advised Tank & Rast on its EUR 300 million bonds issue under its EUR 5 billion EMTN Program.

LBBW

Advised ABN, Crédit Agricole, ING, Société Générale and LBBW on the debut Green Bond issue issuance of LBBW with a total volume of EUR 750 million.

Santander Consumer Bank

Advised Santander Consumer Bank AG on its debut covered bond issue with a total volume of EUR 250 million.

Consus Real Estate

Advised Consus Real Estate AG, a leading German real estate developer, on its debut bond issue with a total volume of EUR 200 million.

Dream Global REIT

Advised Morgan Stanley & Co International plc as Sole Lead Manager in connection with the placement of notes issued by a financing vehicle of the Canadian Dream Global REIT with a total volume of EUR 375 million.

UniCredit

Advised the Underwriters on the EUR 13 billion capital increase of UniCredit S.p.A.

Covestro

Advised a consortium of banks led by Bank of America Merrill Lynch, Citigroup, Deutsche Bank, JP Morgan, Société Générale and UniCredit on the establishment of the EUR 5 billion Debt Issuance Program of Covestro AG and the EUR 1.5 billion debut bond issue thereunder.

Otto Bock

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

Verbund

Advised Austrian energy company VERBUND AG on the first Green Bond of an Austrian company with a total volume of EUR 500 million.

Speaking Engagements

"Green Financing – Recent Developments on Green bonds",
Vienna

"The legal challenges for European-wide private placements: More than just a documentation issue", The European Private Placement Seminar,
Frankfurt

Publications

  • Negative interest rates affect capital markets law, p.9, Börsen-Zeitung, August 8th 2015, (Negative Zinsen beeinflussen Kapitalmarktrecht) (co-author with Markus Langen)
  • Frankfurt Kommentar, Schuldverschreibungsgesetz (§§ 7, 8 and 18), 2013
  • Hopt / Seibt Otto Schmidt Verlag, Schuldverschrebungsrecht (§§ 1,2 and 3), 2017
  • Fairness-Kodex für bessere Produktinformation, Boersen Zeitung, 2013

Awards & Recognition

Highly recommended lawyer, JUVE 2017/2018

Debt Capital Markets

Leading Lawyer, Chambers Europe 2018 and Chambers Global 2018, Germany

Capital Markets: Debt

Highly regarded lawyer - Debt Capital Markets, IFLR1000 2018

Chambers Europe 2017

Karsten Wöckener has carved out a reputation on the DCM side. He acts for numerous high-profile issuers and underwriters on all types of bonds, including promissory notes, convertibles and hybrid instruments.