Global law firm, Dentons, has set up a new Eurozone Hub in Frankfurt to advise banks, investment firms, funds, insurers, financial technology (fintech) firms on financial regulation and monetary policy in the Eurozone.
Dentons’ Eurozone Hub will provide clients with centralised access to a multidisciplinary and multi jurisdictional team of lawyers who combine local market knowledge and experience with national authorities.
Partner, Michael Huertas, who joined Dentons’ Frankfurt office in April 2018, with a focus on European financial services regulation, will coordinate the new group.
The Frankfurt team – which has experience in financial market regulation, structured finance, capital markets and securities law, initial public offerings and fintech – will work closely with leading regulatory lawyers in Dentons’ other European offices.
These offices include the UK, Spain, France, the Netherlands, Belgium, Poland, Hungary and the Czech Republic.
Huertas said: “Banking Union, Capital Markets Union and Eurosystem monetary policy are continuing to change how rules are made, who leads on supervision and how market participants conduct business. Our clients require internationally connected legal and strategic advice in order to cope with the decisions of supervisory and regulatory authorities, especially as these often have overlapping mandates as well as differing sensitivities and expectations between EU-level and national supervisors.”
He added: “Developments such as Brexit and the changes in the European Central Bank’s monetary policy are further reshaping the European environment. Alternative lenders, funds and fintech challengers are also changing wholesale and retail markets but also supervisory approaches. The Eurozone Hub responds to this demand by offering a pan-European integrated platform that is unparalleled so far.”
Andreas Ziegenhagen, Germany managing partner, commented: “The need for regulatory advice in Europe is growing continuously, not least due to political uncertainty. With the new Eurozone Hub, we respond to the growing demand of our clients for quality legal guidance in an ever more complex environment, and the hub itself offers us a great opportunity to play a leading role.”
Tomasz Dąbrowski, CEO of Dentons Europe, said: “As part of our strategy for Europe, we have made significant investments in our banking and finance practice over the past two years, through lateral hires of leading lawyers in areas such as financial regulation and structured finance.”
He added: “The Eurozone Hub will help us coordinate the efforts of our lawyers across Europe to deliver high quality legal and strategic advice concerning the decisions by the regulatory authorities.”