{"id":763,"date":"2019-08-29T11:35:04","date_gmt":"2019-08-29T09:35:04","guid":{"rendered":"http:\/\/relaunch.gsk.de\/rechtsanwalt\/dr-timo-patrick-bernau-2\/"},"modified":"2026-04-15T15:09:41","modified_gmt":"2026-04-15T13:09:41","slug":"dr-timo-patrick-bernau","status":"publish","type":"rechtsanwaelte","link":"https:\/\/gsk.de\/en\/lawyers\/dr-timo-patrick-bernau\/","title":{"rendered":"Timo Bernau"},"featured_media":40627,"parent":0,"template":"","standort":[1084],"sektoren":[229,230,234],"positionen":[929,520],"kompetenzen":[252,240,239,251,264],"class_list":["post-763","rechtsanwaelte","type-rechtsanwaelte","status-publish","has-post-thumbnail","hentry","standort-munich-en","sektoren-financial-services","sektoren-funds","sektoren-capital-markets","positionen-lawyer","positionen-partner","kompetenzen-capital-markets","kompetenzen-compliance","kompetenzen-financial-regulation","kompetenzen-investment-funds","kompetenzen-payments-and-electronic-banking"],"acf":{"name":"Dr Timo Bernau","job":"Rechtsanwalt","position":"Partner","tel":"+49 89 288174-54","email":"timo.bernau@gsk.de","beschreibung":"<p>Dr Timo Patrick Bernau is a partner at our Munich office and heads our Banking and Finance division. He has extensive expertise in advising banks, financial service providers, fintechs, insurance companies and insurtechs, with a particular focus on regulatory issues, investment products and capital market compliance.<\/p>\n<p>In addition, he provides comprehensive guidance on alternative investments, restructuring and structured financing. Timo has extensive knowledge of current banking and finance issues, including AIFMD II and ELTIFs, MiCAR, DORA, the AI Act, tokenisation and stable coins, securitisation and alternative assets as well as FiDA. He is frequently featured in high-profile industry rankings and regularly publishes on banking and finance topics.<\/p>\n","tatigkeitsschwerpunkte":"<ul>\n<li>Advising banks, financial and payment service providers and fintechs on all regulatory issues<\/li>\n<li>Advising institutional investors on capital investments<\/li>\n<li>Set-up of investment vehicles such as investment funds, securitisations, bonds and structured finance<\/li>\n<li>Advising insurance companies and insurtechs on all insurance regulatory issues<\/li>\n<li>Capital market compliance<\/li>\n<\/ul>\n","zusatzqualifikationen":"","ausbildung":"<ul>\n<li>Joined GSK Stockmann in 2009<\/li>\n<li>Worked at a major international law firm in the financial services sector (2007-2009)<\/li>\n<li>Admitted to the bar in Germany (2007)<\/li>\n<li>Studied law a the University of Giessen (Germany) and the London School of Economics (UK)<\/li>\n<\/ul>\n","sprachen":"<ul>\n<li>English, German<\/li>\n<\/ul>\n","mitgliedschaften":"<ul>\n<li>Member of BVI Finance Experts \u201cHoch im Kurs\u201d<\/li>\n<\/ul>\n","referenzen":"<ul>\n<li>Bayerische Landesbank;<br \/>\nAdvice on capital markets law with regard to a complex cross-border financing transaction (in the amount of EUR 100 million) to support the electrification of the local public transport network in Rome (purchase of 250 e-buses and installation of over 100 high-power charging points powered by certified green electricity); the project was financed via a Fleet-as-a-Service model, supported by a guarantee from the Italian export credit agency SACE<\/li>\n<li>Banxware;<br \/>\nProviding ongoing regulatory advice to Banxware GmbH UniCredit on establishing a partnership with UniCredit Bank\/HypoVereinsbank for an SME financing platform (HVB FlexFinanzierung &amp; Sofortfinanzierung)<\/li>\n<li>KFW Capital;<br \/>\nOngoing advice on fund due diligence and contract negotiations in connection with investments in German or foreign private equity funds<\/li>\n<li>CAPTIQ &amp; Austrian Anadi Bank;<br \/>\nComprehensive advice on setting up a digital credit platform with fronting banking for freelance professionals, including on the structuring of a refinancing solution via Luxembourg bond issues<\/li>\n<li>Siemens;<br \/>\nAdvice on the legal structuring and issuance of a crypto bond under the German Electronic Securities Act (eWpG) for a volume of EUR 60 million, marking the first issuance of a crypto security by a DAX 40 company in the multi-million euro range<\/li>\n<li>Raisin Bank;<br \/>\nOngoing advice on various regulatory projects and partnerships within the fronting bank model<\/li>\n<li>Over 15 German banks, capital management firms and insurance companies;<br \/>\nAdvice on implementing the DORA requirements and on all IT outsourcing arrangements<\/li>\n<li>Deutsche Finance Group;<br \/>\nProviding advice and support throughout the process for obtaining authorisation as a crypto securities registrar from BaFin<\/li>\n<li>Solaris;<br \/>\nProviding ongoing payments advice to the fintech, as well as comprehensive support with its entry into securities trading, including regulatory and commercial structuring of partnerships with other regulated and non-regulated players, including crypto trading and lending, direct lending models, payment solutions and e-money products<\/li>\n<li>Immutable Insight Capital Management;<br \/>\nAdvising the investment firm specialising in cryptocurrencies and tokens on setting up and implementing a sustainability strategy for its securities products and their ESG classification<\/p>\n<ul>\n<li style=\"list-style-type: none;\"><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","auszeichnungen":"<ul>\n<li><strong>JUVE Handbook of Corporate Law Firms<\/strong><br \/>\nLeading name for &#8220;Regulatory compliance&#8221; and \u201cFintech and Digitalisation\u201d (2025\/26)<br \/>\nRecommended for \u201cBanking and Financial Regulation\u201d (2025\/26)<\/li>\n<li><strong>Handelsblatt\/Best Lawyers<br \/>\n<\/strong>One of \u201cGermany\u2019s Best Lawyers\u201d for \u201cCapital Markets Law\u201d (2025)<\/li>\n<li><strong>Chambers Germany Guide<br \/>\n<\/strong>Recommended for &#8220;Banking &amp; Finance: Regulatory&#8221; (2025-2026)<\/li>\n<li><strong>Chambers Global Guide<br \/>\n<\/strong>Recommended for &#8220;Banking &amp; Finance Germany: Foreign expert for Luxembourg&#8221; (2025\u20132026) and &#8220;Banking &amp; Finance Germany: Regulatory&#8221; (2025\u20132026)<\/li>\n<li><strong>Chambers FinTech Guide<br \/>\n<\/strong>Recommended for &#8220;FinTech Legal&#8221; (2026)<\/li>\n<li><strong>Lexology<br \/>\n<\/strong>One of\u00a0 the &#8220;Thought Leaders Fintech &amp; Blockchain&#8221; (2025)<\/li>\n<li><strong>Legal 500<br \/>\n<\/strong>Recommended for \u201cFinancial Market Supervision\u201d and \u201cFintech\u201d (2021-2026) such as \u201cInvestment Funds\u201d (2022)<\/li>\n<\/ul>\n","vortrage_und_veranstaltungen":"","publikationen":"<ul>\n<li>Bernau, T. P. (2023). Privatanleger und Infrastruktur \u2013 jetzt aber!, B\u00f6rsenzeitung Sonderbeilage, 25.10.2023, pp. 12 et seq.<\/li>\n<li>Bernau, T. P. and Lutterbach, M. (2023). Digital Operational Resilience Act (DORA), BKR 2023, pp. 506 et seq.<\/li>\n<li>Bernau, T. P. and Freytag, M. (2023). Dank eWpG im Aufwind, Finance-Magazin, Finance Sonderbeilage M\u00e4rz\/April 2023, pp. 30 et seq.<\/li>\n<li>Ritzmann, K., M\u00f6ssner, P. and Bernau, T. P. (2022). Initial Public Offerings 2022 \u2013 Germany, Global Legal Insights \u2013 Initial Public Offerings 2022, Sixth Edition, pp. 62 et seq.<\/li>\n<li>Ritzmann, K. and Bernau, T. P. (2022). Mehr Einh\u00f6rner aus der Start-up-Hauptstadt, B\u00f6rsen-Zeitung, 17.03.2022.<\/li>\n<li>Bernau, T. P. (2021). F\u00fcr die Kryptowelt ist das ein Meilenstein \u2013 Fondsstandortgesetz, B\u00f6rsenzeitung, 26.07.2021.<\/li>\n<li>Bernau, T. P. (2020). Die Blockchain-Technologie kann Br\u00fccken schlagen \u2013 Ein Schl\u00fcssel zur Optimierung des Liquidit\u00e4tsbedarfs auch oder gerade f\u00fcr den Mittelstand, B\u00f6rsenzeitung, 25.11.2020.<\/li>\n<li>Ritzmann, K., M\u00f6ssner, P. and Bernau, T. P. (2021). Initial Public Offerings 2021 \u2013 Jurisdiction Chapter: Germany, Global Legal Insights, Fifth Edition, pp. 73-83.<\/li>\n<li>Bernau, T. P. and Riethm\u00fcller, T. (2019). Bedeutung der Blockchain f\u00fcr Transaktionen \u2013 Die Digitalisierung ist in der Verbriefung angekommen, die Bank 08\/2019.<\/li>\n<li>Bernau, T. P. and Riethm\u00fcller, T. (2019). Geld f\u00fcr Start-ups und Plattformen \u2013 Europ\u00e4ischer Rahmen in Sicht, FAZ, p. 16.<\/li>\n<li>Bernau, T. P. and Lorenz, P. (2018). Anmerkung zu EuGH, Urteil vom 22.03.2018 \u2013 verb. Rs C-688\/15, C-109\/16, Zur Anwendung der Anlegerentsch\u00e4digungs- bzw. Einlagensicherungssysteme bei nicht erfolgter Ausgabe von Wertpapieren wegen Insolvenz des Kreditinstituts (\u201eAnisimovien\u0117 u. a.\u201c), EWiR 2018, p. 545.<\/li>\n<li>Bernau, T. P. (2017). Urteilsanmerkung zu VG Frankfurt\/M., Urteil vom 22.6.2016 \u2013 7K 3073\/15.F(1), Zur Qualifizierung der Ausgabe von Inhaberschuldverschreibungen oder Nachrangdarlehen als Bankgesch\u00e4ft, EWiR, Issue 12\/2017, pp. 257 et seq.<\/li>\n<li>Bernau, T. P. (\u00a7 56 Effektengesch\u00e4ft) (2017). In: Derleder et al. (Hrsg.): Deutsches und europ\u00e4isches Bank- und Kapitalmarktrecht, 3rd edition, pp. 555-624.<\/li>\n<li>Bernau, T. P. and Lorenz, P. (2016). Anmerkung zu BGH, Urteil vom 26.01.2016 \u2013 XI ZR 91\/14, Zum Anscheinsbeweis bei streitigen Zahlungsauftr\u00e4gen im Online-Banking, EWiR 2016, p. 359.<\/li>\n<li>Bernau, T. P. (2016). Moderne und regelkonforme Anlegerinformation gegen\u00fcber institutionellen Investoren, EXXECNEWS, Issue 8\/2016, p. 8.<\/li>\n<li>Bernau, T. P. and Bornschlegl, O. (2015). Niedrigzinsumfeld, Investitionsstau und Regulierung \u2013 Ann\u00e4herungsversuche des Gesetzgebers an Infrastrukturinvestments, Statement-Insurance Solutions, October 2015 Issue, pp. 3-5.<\/li>\n<li>Bauer, A., Eckl, P. and Bernau, T. P. (2015). Multi-jurisdictional Guide 2015: Private Equity, Private Equity in Germany: market and regulatory overview, Thomson Reuters.<\/li>\n<li>Bauer, A., Bernau, T. P. and Koch, D. (2014). Multi-jurisdictional Guide 2014: Private Equity, Private Equity in Germany: market and regulatory overview, Thomson Reuters.<\/li>\n<li>Bernau, T. P. (2013). Handbuch der AG-Finanzierung, Genehmigtes Kapital, Ekkenga\/Schr\u00f6er (eds), Carl Heymanns Verlag.<\/li>\n<li>Bernau, T. P. (2013). Anmerkung zu EuGH, Urteil vom 30.5.2013 \u2013 Rs C-604\/11, Zu den Auswirkungen der MiFID auf das nationale Vertragsrecht, EWiR Art. 4 RL 2004\/39\/EG 1\/13, p. 629.<\/li>\n<li>Bernau, T. P. and Wessling, P. (2013). Die Unvollendete, Versicherungswirtschaft No. 17, 01.09.2013.<\/li>\n<li>Bernau, T. P. and Dimmling, A. (2012). Vorsatz-Anfechtung des Insolvenzverwalters gegen Zahlungsmittler \u2013 neue Risiken f\u00fcr Kreditinstitute<\/li>\n<li>Anmerkung zu BGH Urteil vom 26.04.2012 \u2013 IX ZR 74\/11, BKR 11\/2012, pp. 473-475.<\/li>\n<li>Bernau, T. P. (2012). Unternehmens\u00fcbernahmen im Spannungsfeld zwischen \u00dcbernahmerecht und Fusionskontrolle \u2013 Der Bieter in der Pflichtenkoinzidenz zweier gegenl\u00e4ufiger Verfahrensordnungen (= Abhandlungen zum deutschen und europ\u00e4ischen Handels- und Wirtschaftsrecht), Carl Heymanns Verlag.<\/li>\n<li>Bernau, T. P. (2011). Anmerkung zum Urteil des AG M\u00fcnchen vom 5. 3. 2010 \u2013 Az. 111 C 24503\/09, Zur Haftung einer Direktbank bei Empfehlung von Zertifikaten (\u201eLehman Brothers\u201c), EWiR \u00a7 280 BGB 2\/11.<\/li>\n<li>Bernau, T. P. (2010). Zur Anwendung von KWG und AuslInvestmG auf den Erwerb von Aktien einer t\u00fcrkischen AG, Anmerkung zu BGH, Urteil v. 23.3.2010 \u2014 VI ZR 57\/09, EWiR \u00a7 1 AuslInvestmG 1\/10.<\/li>\n<li>Gl\u00fcck, O., Kramer, R., Eschenlohr, D., Wintzer, S. and Bernau, T. P. (2010). Beitrag zur Bankenaufsicht in Deutschland, Getting the Deal Through \u2013 Banking Regulation 2010.<\/li>\n<li>Bernau, T. P. and Ekkenga, J. (2009\/2004). Handbuch zum deutschen und europ\u00e4ischen Bankrecht, Effektengesch\u00e4ft, Derleder\/Knops\/Bamberger, Springer Verlag.<\/li>\n<li>Bernau, T. P. and von Livonius, H. (2009). Der neue Tatbestand der Anlageverwaltung, WM 2009, pp. 1216-1224.<\/li>\n<li>Bernau, T. P. and von Livonius, H. (2009). R\u00fcckabwicklung des unerlaubt betriebenen Einlagengesch\u00e4fts, Anmerkung zu VG Frankfurt, Urteil vom 19.6.2008 \u2013 1 E 2566\/07, EWiR \u00a7 37 KWG\/1\/09.<\/li>\n<li>Bernau, T. P. and von Livonius, H. (2009). Keine individuelle Verm\u00f6gensverwaltung einer Kapitalanlagegesellschaft bei Verwaltung fremder Sonderverm\u00f6gen, Anmerkung zu VG Berlin, Beschluss v. 17.3.2009 \u2014 VG 1 A 246.08, EWiR \u00a7 7 InvG 1\/09.<\/li>\n<li>Bernau, T. P. and von Livonius, H. (2008). Einordnung eines kollektiven Anlagemodells als erlaubnispflichtiges Finanzkommissionsgesch\u00e4ft, Anmerkung zu BVerwG, Urteil vom 27.02.2008 \u2013 6 C 11.07, EWiR \u00a7 1 KWG, 1\/08.<\/li>\n<li>Bernau, T. P. (2004). Die Befreiung vom Pflichtangebot nach \u00a7 37 Wp\u00dcG, WM 2004, pp. 809-818.<\/li>\n<li>Bernau, T. P. and Horn, D. (2002). \u00c4rger zuhauf beim Praxiskauf, Jura 2002, pp. 709-719.<\/li>\n<\/ul>\n","vorname":"Timo","nachname":"Bernau","featured_posts":[{"ID":35489,"post_author":"42","post_date":"2022-09-21 10:10:16","post_date_gmt":"2022-09-21 08:10:16","post_content":"<!-- wp:paragraph -->\n<p>* Partner: a partner within the meaning of the German Partnership Companies Act.<br>Local Partner: not a partner within the meaning of the German Partnership Companies Act.<\/p>\n<!-- \/wp:paragraph -->","post_title":"*Option1 Dt","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"option1","to_ping":"","pinged":"","post_modified":"2023-06-12 13:45:26","post_modified_gmt":"2023-06-12 11:45:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.gsk.de\/?post_type=kleingedrucktes&#038;p=35489","menu_order":0,"post_type":"kleingedrucktes","post_mime_type":"","comment_count":"0","filter":"raw"}],"show_smallprint":true,"geschlecht":"m","custom_text":false,"contacts":false,"standard_text":true,"kompetenzreihenfolge":"","slider_news":"","neues_template":true,"linkedin_profil":"https:\/\/linkedin.com\/in\/dr-timo-patrick-bernau-22b1495","mandanten_zitate":"<ul>\n<li>Chambers Global Guide\n<div>Timo Bernau is an excellent lawyer<\/div>\n<\/li>\n<li>Client, Chambers FinTech Guide\n<div>Timo is really good; he is very technical and highly visible in the industry.<\/div>\n<\/li>\n<li>Client, Chambers FinTech Guide\n<div>Timo is very strong on payments technology, payments law, and crypto-assets and venture capital work.<\/div>\n<\/li>\n<li>Client, Legal 500\n<div>Highly qualified and proficient, not just on a professional level, but on a personal level as well.<\/div>\n<\/li>\n<li>Client, JUVE Handbook of Corporate Law Firms\n<div>Fast and comprehensive advice of the highest quality<\/div>\n<\/li>\n<li>Competitor, JUVE Handbook of Corporate Law Firms\n<div>Consistently good work, very involved with digitalisation issues<\/div>\n<\/li>\n<li>Client, Chambers Germany Guide\n<div>Timo Bernau always responds promptly and acts in the best interests of his clients.<\/div>\n<\/li>\n<li>Client, Legal 500 \u2013 Investment funds team\n<div>GSK is able to adapt dynamically and complement the core client team with deep-dive experts for the relevant subject matter.<\/div>\n<\/li>\n<li>Client, Legal 500 \u2013 Investment funds team\n<div>An excellent team.<\/div>\n<\/li>\n<\/ul>\n","spotlights":[{"title":"Spotlight Digitalisation","link":"https:\/\/gsk.de\/en\/digitalisation\/"},{"title":"","link":""},{"title":"","link":""}],"zitat_slider_version":"version_1","bild_auszeichnungen":false,"karrikatur":false,"bild_abbinder":false,"titel":"Dr.","sharepointid":"225","notar_zusatz":false,"berufserfahrung_seit":"","anwaltszulassung":"","industrieexpertise":"","rechtsgebiete":"","zusatzliche_rechtsgebiete":"","relevante_internationale_erfahrungen":"","bemerkungen":""},"featured_img_src":"https:\/\/gsk.de\/wp-content\/uploads\/2019\/08\/Bernau_Timo.png","sector_slugs":"financial-services,funds,capital-markets","competence_slugs":"capital-markets,compliance,financial-regulation,investment-funds,payments-and-electronic-banking","_links":{"self":[{"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/rechtsanwaelte\/763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/rechtsanwaelte"}],"about":[{"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/types\/rechtsanwaelte"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/media\/40627"}],"wp:attachment":[{"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/media?parent=763"}],"wp:term":[{"taxonomy":"standort","embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/standort?post=763"},{"taxonomy":"sektoren","embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/sektoren?post=763"},{"taxonomy":"positionen","embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/positionen?post=763"},{"taxonomy":"kompetenzen","embeddable":true,"href":"https:\/\/gsk.de\/en\/wp-json\/wp\/v2\/kompetenzen?post=763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}