TSI Partners

Ashurst LLP

Frankfurt am Main
OpernTurm
Bockenheimer Landstraße 2-4
60306 Frankfurt am Main

Tel: +49 (0)69 971126
Fax: +49 (0)69 97205220

München
Ludwigpalais
Ludwigstraße 8
80539 München

Tel: +49 (0)89 244421100
Fax: +49 (0)89 244421101

Contact

Dr. Martin Kaiser
Partner

Dr. Martin Kaiser is a partner in our finance practice and a member of our global securities and derivatives group (SDG). He is a securitisation specialist, focusing on advising banks and companies, particularly in relation to true sale transactions in respect of various asset classes, including auto loans, leases, consumer finance, NPL and trade receivables.

E-mail: martin.kaiseremail@webashurst.com

Dr. Tobias Krug
Partner

Dr. Tobias Krug is the managing partner of Ashurst Germany, a partner in the finance practice and a member of the securities and derivatives group (SDG). He specialises in structured finance and capital markets with a focus on securitised and OTC derivatives, hybrid and convertible bonds as well as banking regulatory aspects. 

Tobias advises leading financial institutions in relation to structured products offerings, including in relation to a wide array of underlying reference assets such as equities, funds, commodities, commodity indices, foreign exchange, inflation and other rates, and across various product wrappers. He also is counsel to some of the leading debt funds and CLO managers in relation to secured and unsecured mid-cap financings in Germany.

E-mail: tobias.krugemail@webashurst.com

Dr. Martin Bünning
Partner

Dr. Martin Bünning is a partner, tax advisor and heads our German tax team. Martin's practice focuses on tax advice for investors in real estate and other alternative investments (such as structuring of funds and individual and portfolio investments, including financing) as well as on tax structures for open-ended and closed funds. Martin also advises on private equity/venture capital matters (fund structures and mezzanine financings) and on domestic and cross-border M&A transactions. In addition, he counsels on tax issues in the financial industry related to securitizations, VAT and withholding taxes.

Martin also advises on general corporate tax issues (reorganisations, restructurings and consolidated tax groups) for domestic and international clients and has substantial experience in Shari'ah compliant structures for Islamic investors.

Dr. Sahra Demirbilek
Senior Associate

Dr. Sahra Demirbilek is a senior associate in our finance practice and a member of our securities and derivatives group. Sahra is a securitisation specialist focusing on advising banks and companies, particularly in relation to true sale transactions in respect of various asset classes, including auto loans, leases, consumer finance, NPL and trade receivables.

Stephan Lehnen
Associate

Stephan Lehnen is an associate in our finance practice and a member of our securities and derivatives group. He is a securitisation specialist focusing on advising banks and companies, particularly in relation to true sale transactions in respect of various asset classes, including auto loans, leases, consumer finance, NPL and trade receivables.

Alexandra Heitmann
Associate

Alexandra Heitmann is an associate in our finance practice and a member of our securities and derivatives group. She specialises in advising issuers and investment banks on international debt capital markets, derivatives and structured finance transactions with a focus on structured products. Alexandra's expertise covers the issuance and repurchase of structured securities and bonds as well as covered bonds (Pfandbriefe), structured bonds (including securitised derivatives), hybrid instruments, registered notes (Namensschuldverschreibungen) (including N Covered Bonds) and Schuldschein loans.

Julia Schanz 
Associate

Julia Schanz is an associate in our finance practice and a member of our securities and derivatives group. She focuses on advising banks, financial institutions and institutional investors on international debt capital market transactions, derivatives and structured products.

Company profile

Ashurst is a leading international law firm with world class capability and a prestigious global client base. Our firm's in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law. The firm's people are its greatest asset and it brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.

Ashurst has 25 offices in 15 countries and offers the reach and insight of a global network, combined with the knowledge and understanding of local markets. With more than 380 partners and 1,200 lawyers working across 10 different time zones, we are able to respond to clients wherever and whenever required. Ashurst has been working in Germany since 1997 in Frankfurt am Main and since 2001 in Munich.

Our securitisation practice is part of Ashurst's first class dedicated global structured products, securities and derivatives group (SDG). The SDG team offers the full spectrum of transactional, advisory and documentation services for derivatives and all forms of structured products, including eligibility tests for institutional clients and potential structuring solutions.

Besides securitisations, the structured products, securities and derivatives team advises equally on OTC derivatives, structured products/securitised derivatives, equity finance transactions and other strategic equity derivatives, repo and securities lending, derivatives documentation, prime brokerage, all within the same team and – if required – in close collaboration with tax and regulatory teams.

Our structured products, securities and derivatives team is global, covering key jurisdictions in Europe, the United States, Asia and Australia.