Karsten Wöckener

Partner, Frankfurt

Biography

Karsten Wöckener ‘is praised for being responsive and extremely knowledgeable and his attention to detail is impressive’ (Chambers Global/Europe Germany 2021). Karsten Wöckener is named as a highly regarded lawyer for Debt Capital Markets in JUVE 2021/2022, IFLR1000 2022, The Legal500 Germany 2022, Chambers Europe Germany and Chambers Global Germany 2022 as well as for FinTech in Chambers Europe Germany 2022 and The Legal500 Germany 2022.

Overview

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

His focus is on equity and debt capital markets. Karsten frequently advises on investment grade, cross-over and high yield bonds, (pre-IPO) convertibles and exchangeables and other hybrid instruments as well as IPOs and rights issues. He also advises on secured bond and private placement transactions, including Schuldscheine, structured notes, exchange traded products and trade finance products across asset classes.

Karsten also advises issuers and banks on the establishment and update of debt issuance, commercial paper and structured note programmes.

Karsten represents several fintech, insurtech and startup companies in connection with their market entry and rounds of financing. This 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

Accentro
Advised ACCENTRO Real Estate AG on the issue of a bond with a total volume of EUR 250 million. At the same time, ACCENTRO made a cash offer to buy back a EUR 100 million bond issued in 2018.

adidas
Advised J.P. Morgan Securities plc as sustainability bond structuring agent, global coordinator and bookrunner, together with other bookrunners, on a EUR 500 million bond issue by adidas AG.

Adler Group
Advised Adler Group S.A. on the issue of a EUR 1.5 billion bond, consisting of two tranches, a EUR 700 million tranche and a EUR 800 million tranche, and ADLER Real Estate AG, a company of the ADLER Group, on a repurchase offer in relation to a EUR 500 million bond.

ADO Properties
Advised ADO Properties S.A. (ADO) on the issue of a senior unsecured corporate bond with an aggregate principal amount of EUR 400 million.

Aggregate
Advised Aggregate Holdings S.A. on the issuance of notes in the amount of EUR 400 million. The transaction combined both, an offer to new investors to subscribe for the Notes and an exchange offer to investors in Aggregate’s existing EUR 350 million Notes.

Federal Republic of Germany
Advised the Federal Republic of Germany on the first issue of a EUR 6.5 billion Green Federal Bond.

Advised the Federal Republic of Germany on the issue of EUR 7.5 billion fixed rate bonds.

Advised a syndicate of banks on a EUR 6 billion Green Federal bond issued by the Federal Republic of Germany.

Advised a syndicate of banks on the issuance of a bond of the Federal Republic of Germany with a principal amount of EUR 4 billion.

Berlin Hyp
Advised the joint lead managers and the co-lead manager on the issue of the debut Sustainability-linked bond issue by Berlin Hyp AG in the aggregate principal amount of EUR 500 million.

Bitpanda
Advised Austrian fintech Bitpanda on the expansion of its product portfolio to include Bitpanda Bitcoin ETC, on the structuring and implementation process, on the approval and notification by the German Federal Financial Supervisory Authority as well as on regulatory, commercial, corporate and tax aspects.

Ceconomy
Advised the joint bookrunners on the issuance of an inaugural bond issued by Ceconomy AG with an aggregate principal amount of EUR 500 million.

Clearstream
Advised the joint bookrunners on the first bond issue by Clearstream Banking AG with an aggregate principal amount of EUR 350 million.

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

Covestro
Advised the joint lead managers on the bond issue of Covestro AG in the amount of EUR 1 billion.

Deutsche Börse
Advised the bookrunners on a EUR 1 billion bond issue by Deutsche Börse AG. The bond consists of two tranches of EUR 500 million each.

Deutsche Lufthansa
Advised Deutsche Lufthansa AG on the issuance in two tranches of notes with a principal amount of EUR 1.5 billion. The first tranche has a principal amount of EUR 600 million and the second tranche has a principal amount of EUR 900 million.

Advised Deutsche Lufthansa AG on the issue of a EUR 1.6 billion bond. The bond consists of two tranches, a EUR 850 million tranche and a EUR 750 million tranche.

Advised Deutsche Lufthansa AG with regard to a EUR 150,000,000 Schuldschein loan agreement.

DIC Asset
Advised the joint bookrunners on the issuance of a EUR 400 million green bond by DIC Asset AG.

Advised DIC Asset AG on its issuance of sustainability-linked promissory notes (Schuldschein-darlehen) with a volume of EUR 250 million.

D.V.I.
Advised German real estate company D.V.I. Deutsche Vermögens- und Immobilienverwaltungs GmbH on all capital markets and corporate law aspects of the issuance of its EUR 350 million debut bond.

EnBW Group
Advised EnBW Group on the issuance of notes issued by EnBW International Finance B.V. with a principal amount of EUR 1 billion. The bonds consist of two tranches of EUR 500 million each.

E.ON
Advised E.ON SE on the issuance of Green Bonds in the amount of EUR 800 million. The Tranche was issued as a Green Bond under the "Green Bond Framework" of E.ON SE.

Eurogrid
Advised Eurogrid on the debut issuance Green Bonds with a total value of EUR 750 million.

Evonik
Advised Evonik Industries AG on its first green hybrid bond issue with a volume of EUR 500 million and a concurrent tender offer relating to its outstanding EUR 500 million Subordinated Resettable Fixed Rate Notes due 2077 issued in 2017, which was the first issuance of a hybrid bond by Evonik Industries AG.

Fidelity
Advised Fidelity International on the expansion of its product portfolio to include Fidelity Physical Bitcoin ETP, on the structuring and implementation process, approval and notification by the German Federal Financial Supervisory Authority, and on regulatory, commercial, corporate and tax aspects.

Gewobag
Advised the joint bookrunners on the issuance of the debut social bond issued by Gewobag Wohnungsbau-Aktiengesellschaft Berlin for the aggregate principal amount of EUR 500 million.

Hapag-Llyod
Advised Hapag-Lloyd AG on the issuance of a sustainability-linked high yield bond with a volume of EUR 300 million.

Helaba
Advised a banking syndicate on the issuance of the first Green Bond issued by Landesbank Hessen-Thüringen Girozentrale in a principal amount of EUR 500 million.

LBBW
Advised Landesbank Baden-Württemberg on a EUR 1 billion Social bond issued under its debt issuance programme.

Advised Landesbank Baden-Württemberg as issuer with regard to the issuance of EUR 750 million Additional Tier 1 Notes.

OMV
Advised the global coordinators and the bookrunners on the issue of hybrid bonds by OMV Aktiengesellschaft in the amount of EUR 1.25 billion.

Piaggio
Advised Piaggio & C. S.p.A. in connection with a total of seven Schuldschein loan agreements with a total volume of EUR 115 million between Piaggio & C. S.p.A. as borrower and UniCredit Bank AG as lender.

SIGNA
Advised the joint bookrunners on real estate developer SIGNA Development Selection's issuance of a EUR 300 million unsecured green bond.

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

Advised UniCredit Bank AG as issuer on the issuance of two Additional Tier 1 bonds in the amount of EUR 7 billion and EUR 700 million.

Verbund
Advised VERBUND AG on its issuance of innovative green and sustainability-linked notes with a volume of EUR 500 million.

Vonovia
Advised the joint lead managers on the issue of two social bonds and one green bond issued by Vonovia SE with an aggregate principal amount of EUR 2.5 billion.

Advised the joint lead managers on the issue of five bonds issued by Vonovia SE with an aggregate principal amount of EUR 5 billion.

Vossloh
Advised the managers on a EUR 150 million debut ESG-linked hybrid bond issued by Vossloh AG.

Publications

Wöckener, Karsten, Preuße, Dr. Thomas, Gillenkirch, Daniel: The draft law on the introduction of electronic securities - Overview and assessment of the future legal situation with regard to the legal systems in France and Luxembourg, BKR 2020, p. 551

Wöckener, Karsten, Gillenkirch, Daniel, Hauman, Mindy, Höfer, Helmut: New German Electronic Securities Regulation to come, IFLR, September 2020

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

Wöckener, KarstenWöckener, Karsten, Gillenkirch, Daniel, Preuße, Dr. Thomas: The law on the introduction of electronic securities - An initial assessment from a practical perspective, BKR 2021, p. 460

Wöckener, Karsten, Preuße, Dr. Thomas, Gillenkirch, Daniel: The draft law on the introduction of electronic securities - Overview and assessment of the future legal situation with regard to the legal systems in France and Luxembourg, BKR 2020, p. 551

Wöckener, Karsten, Gillenkirch, Daniel, Hauman, Mindy, Höfer, Helmut: New German Electronic Securities Regulation to come, IFLR, September 2020

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 (Annex 4 - Overview of the German Act on Notes), 1. Auflage 2018 (1st edition 2018)

Wöckener, Karsten, Becker, Peter: Unternehmensfinanzierung am Kapitalmarkt (Publisher: Habersack / Mülbert / Schlitt) - § 13 Genussrechte (Sec. 13 Participation Rights), 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 (Negative interest rates affect capital market law), 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 (Fairness code for better product information), Boersen-Zeitung, 2013, p. 9

Awards and Recognition

Best Lawyer 2018-2023: Banking and Finance Law, Capital Markets Law, Regulatory Practice, Best Lawyer/Handelsblatt

Chambers Global 2022: Capital Markets: Debt – Germany – Band 2

Chambers Europe 2022: Capital Markets: Debt – Germany – Band 2

Chambers FinTech 2022: FinTech Legal – Germany – Band 4

Leading Individuals: Banking and financial law: Bonds JUVE 2021/2022

Highly recommended lawyer, Bonds and Structured Finance, JUVE 2021/2022

Band 2, Chambers Europe Germany 2022 and Chambers Global 2022 Germany - Capital Markets: Debt

Band 4: "Karsten is extremely good at what he does, he's very well established in the market, and one of the front runners here", Chambers FinTech Legal Germany 2022

Karsten Wöckener ‘is praised for being responsive and extremely knowledgeable and his attention to detail is impressive’, Chambers Global/Europe Germany 2021

Leading Individual: Capital Markets – Debt, The Legal 500 Germany 2022

"Karsten Wöckener keeps things in mind as well as thinking outside the box. He is honest, direct and solution-oriented and proactively addresses important and critical topics. Furthermore, he has an enormously broad product knowledge even pertaining to highly complex structures.", The Legal 500 Germany 2020

Highly regarded: Capital Markets – Debt, IFLR1000 2022

Expertise based abroad in Austria: clients appreciate Karsten for being "pragmatic and solution-oriented" and confirm "you see him regularly and he does a lot in the Austrian market", Chambers Global Capital Markets – Austria 2022

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