Karsten Wöckener

Partner, Frankfurt


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.


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)
US and Global Business Law
Suffolk University


Second State Exam
Higher Regional Court of Frankfurt


First State Exam
Albert-Ludwigs-University of Freiburg


University of Freiburg


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.

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.

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

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.

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


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 and 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.