Renate Prinz

Renate Prinz focusses her practice on corporate law, national and international mergers, and acquisitions (M&A) and corporate reorganizations. She also advises at the interface with financial regulatory aspects, especially in connection with corporate transactions and/or licensing issues. Renate is experienced in advising national and foreign investment companies, credit, and financial services institutions on all aspects of German and European financial supervisory law. She furthermore has extensive experience in acting for clients in the industrial, retail, and public sectors. Furthermore, Renate publishes in corporate and financial supervisory law on a regular basis.

DORA (Digital Operational Resilience Act): Lessons Learned

Von Renate Prinz am Mar 31, 2025
Gepostet In Dora

The leading fintech conference FIxBE will take place on April 9 and 10, 2025 at CityCube Berlin. FIxBE provides a platform for discussions on the latest developments in the financial sector and enables networking with experts and innovators from the industry. Our partner Renate Prinz will participate in the panel on April 10 at 2:15 pm on the topic “DORA (Digital Operational Resilience Act): Lessons Learned” at FIxBE 2025. In this panel, Renate Prinz will share her experiences and insights on the implementation of DORA. She will discuss the challenges and successes and provide practical tips for companies looking to...

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McDermott Investment Funds Academy AML, DORA, LMT & Co – Update & Outlook 2025

Von Renate Prinz and Frank Müller am Mar 28, 2025
Gepostet In Dora

Our McDermott Investment Funds Academy online seminar took place on March 26. Our experts from the Investment Funds & Regulatory Law practice groups – as well as experts from the Luxembourg law firm Arendt & Medernach – gave an outlook on regulatory developments in 2025. The following topics were covered, among others: LMTs & Side Pockets – Practice in Germany & Luxembourg AML: New developments in money laundering law DORA compliance The online seminar was aimed at employees of fund initiators and sponsors, institutional investors, asset managers, capital management companies, custodians, banks, etc. with a connection to investment funds and...

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McDermott Investment Funds Academy – AML, DORA, LMT & Co – Update & Outlook 2025

Von Renate Prinz am Feb 28, 2025
Gepostet In AML, Dora, LMT

We cordially invite you to our online seminar of the McDermott Investment Funds Academy on March 26th from 9:30 to 10:30 AM. Our experts from the Investment Funds & Regulatory Practice Groups, as well as experts from the Luxembourg law firm Arendt & Medernach, will provide you with an outlook on regulatory developments in 2025. Among other topics, we would like to discuss the following with you: LMTs & Side Pockets – Practice in Germany & Luxembourg AML: New Developments in Anti-Money Laundering Law DORA Compliance The online seminar is aimed at employees of fund initiators and sponsors, institutional investors,...

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M&A in the EU market: Essential factors for investors to consider

Von Renate Prinz am Feb 27, 2025
Gepostet In Financial Services, Risk Management, Transactions

Investing in Europe: Is it a good time to do so? Opinions differ. The EU financial sector has experienced significant growth in recent years, driven by technological advancements and evolving consumer preferences, but there is also heavy regulation. Despite the downsides of a high degree of regulation, such as increased costs, inflexibility, many internal guidelines, and a higher number of employees, it also has a positive effect on the overall market and economic opportunities. Financial regulation ensures stability, transparency, and consumer protection. Especially in the financial industry, these are key aspects customers look at, considering the major failures we have...

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MiCAR in Practice: BaFin Issues Guidance on Crypto Services

Von Renate Prinz and Annabelle Rau am Jan 10, 2025
Gepostet In Crypto Regulation

At the beginning of the year, the German Federal Financial Supervisory Authority (“BaFin“) released a guidance document on crypto-asset services under the new EU Regulation on Markets in Crypto-Assets (“MiCAR“). This regulation has been directly applicable to crypto service providers in the EU since December 30, 2024. The guidance provides clarifications on the licensing requirements for crypto services and the obligations for providers. Key points include: Definitions of Crypto Services: BaFin specifies which crypto services are subject to licensing and connects these to the well-established investment services under MiFID II. Licensing of Crypto-Asset Service Providers: The guidance includes detailed information...

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An Overview of the New Consumer Credit Directive

Von Renate Prinz am Dec 6, 2024
Gepostet In EU

One year after the new EU Consumer Credit Directive (Directive 2023/2225) came into force, questions remain: When will it be implemented? What will be regulated? How is the business community reacting? The directive brings significant changes and extensions in an effort to strengthen consumer protection and meet the challenges of digitization. But does it really provide consumers with the desired added value and protection, or does it prevent innovative, successful business models – from which consumers benefit – via overregulation? Key Contents of the Directive The new directive significantly expands the scope of application for consumer credit and covers loans...

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Navigating EU Sanctions: How Investment Funds and Corporates Can Meet the ‘Best Efforts’ Standard

Von Renate Prinz am Dec 2, 2024
Gepostet In EU, Funds

Co-Authors: Raminta Dereskeviciute | Sabine Naugès | Michal Chajdukowski | Ludovica Rabitti With the introduction of the 14th sanctions package, entities established in the European Union are required to ‘undertake their best efforts to ensure’ that non-EU subsidiaries they own or control do not undermine EU Regulation 833/2014 imposing EU sanctions against Russia, or EU Regulation 765/2006 imposing EU sanctions against Belarus. This obligation stretches to EU citizens, including those located outside the European Union, who control corporate and fund structures around the world. The term ‘best efforts’ is not explicitly defined within the EU regulations. On November 22, 2024, the European Commission...

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The DORA Deadline – How to prepare, and how to use legal AI for DORA contract review

Von Renate Prinz am Nov 15, 2024
Gepostet In Dora, EU

Financial Services (FS) firms need to comply with the EU’s new Digital Operational Resilience Regulation (DORA) until January 17, 2025. Compliance isn’t optional, it’s the law. In this webinar, we spoke about what DORA meant for clients and how to use legal AI for contract review and remediation. The following topics were discussed: What DORA is and who it applies to What Financial Services firms need to do before January 2025 What contract review and remediation work needs to be done How McDermott uses legal AI with BRYTER Extract for DORA contract review and remediation. You can find a recording...

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DORA Check

Von Renate Prinz am Oct 31, 2024
Gepostet In Dora, EU

Digital threats and cyberattacks are increasing every year. In 2023, digital threats caused damages of more than €200 billion in Germany, of which 72% resulted from cyberattacks (source: Bitkom, study on economic protection 2023). To counter the threat to the system-critical financial sector, the EU has decided to implement a uniform, high level of security. The Digital Operational Resilience Act (DORA) is the answer. The regulation on digital operational resilience is intended to reduce the risks arising from the ever-increasing dependence on information and communication technology in the financial sector. In particular, DORA is expected to reduce the risk of...

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