We’re the brains behind PAYMENT.TECHNOLOGY.LAW. A team of lawyers from Annerton law firm in Berlin, Luxembourg and Munich as well as other payment and FinTech enthusiasts. At PayTechLaw we report on legal topics, issues and challenges regarding payment, banking, technology, tax and law.

We are tech nerds and early adopters of new technologies. We believe in the enormous potential inherent in technologies such as artificial intelligence, distributed ledger technology and identity technology. However, the transition to a digital age also requires a certain amount of trust in and a responsible use of new technologies. Legislators address these challenges by providing a regulatory framework. In an ideal world, this results in a level playing field for all market participants.

We help market participants to understand the regulatory framework as an opportunity and not just as a burden. With our blog posts and podcasts, we promote this understanding by presenting complex legal issues in language easily understandable by market participants. In addition to the legal and industry-specific issues, we are also familiar with the market environment, products and market developments. We believe that you cannot solve everything on your own. This is why we work hand in hand with the best specialists in the industry – across different law firms, national borders and industry groups. We are dialogue partners of decision-makers from politics as well as business and maintain close contact with supervisory authorities, industry experts and associations.

We ask the right questions, offer solutions and do not accept that everything is cast in stone. We want to pave the way for a digital future and a R/Evolution of the payment, banking and FinTech industry.

We are your partners, not just consultants. We are PAYMENT.TECHNOLOGY.LAW.

About 1

Peter Frey

Peter has been working as a lawyer since 2002. As a lawyer and partner at Aderhold law firm in Munich he is a member of the Payment and FinTech practice group and specialises in extensively advising clients in the areas of banking and banking supervisory law, payment transaction law as well as asset management. He co-authored and was editor of the Ellenberger/Findeisen/Nobbe legal “Commentary on Payment Transaction Law”.

Peter studied law at the University of Passau as well as the University of Munich.

Dr. Hugo Godschalk

Dr. Hugo Godschalk, a native Dutchman from Den Haag (1957) has been living and working in Germany for more than 40 years. He studied economics at the University of Münster/Westfalia (1974 – 1979). Following his PhD in economics in 1982 with a dissertation on electronic money, he started his career in the payments industry at the Gesellschaft für Zahlungssysteme (GZS) in Frankfurt. Since 1993 he is managing director and founder of PaySys Consultancy in Frankfurt am Main. Since 2000 PaySys Consultancy represents the European Payments Consulting Association (EPCA) as German founding member. In 2011 Hugo initiated the Prepaid Verband Deutschland (PVD) as platform of the prepaid industry in Germany. Since 2003 he is member of the advisory board of PayComm. He published several books, expert reports and many articles to monetary and payment related topics.

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Dr. Susanne Grohé

Dr. Susanne Grohé started her legal career at Linklaters. Most recently, she headed the legal department of PayPal for the DACH region. Before that, she worked at eBay mainly on payment related topics. Her focus are regulatory issues and product advice in the payment and ecommerce industry. Susanne dealt with completely different legal topics as head of legal director for the Bundesdruckerei (federal printing office). As a former inhouse lawyer with a broad range of experience, Susanne knows very well from her own experience the legal and business needs and issues of her clients. As part of Aderhold’s Payment and FinTech practice group, Susanne will help build a team at the FinTech hub Berlin to bolster the firm’s focus on the sector.

Susanne studied law at the universities of Freiburg and Göttingen and was a visiting researcher for her thesis at Georgetown University, Washington DC.

Nasim Jenkouk

Nasim Jenkouk joined Aderhold Munich in March 2017. She has many years of experience with national and international companies from the sectors IT, e-commerce and consumer goods, and, in addition to IT law, she has a deep expertise in the areas of commercial law and intellectual property law.

Prior to joining Aderhold, she worked for the IP / IT practice group at Pinsent Masons Germany LLP in Munich. In addition, she works on a doctorate thesis in an arbitration law topic. In the course of her doctoral studies, she completed a research residence semester as a visiting scholar at the National Law School of India University, Bangalore.

Nasim studied law at the University of Cologne. She completed her legal traineeship inter alia in Berlin and San Francisco (USA). She has been admitted to the German Bar in 2012.

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Frank Müller, LL.M.

Frank Müller, LL.M. is partner in the Munich office of Aderhold law firm. With over nine years of professional experience advising German and international clients on banking, regulatory, payment and anti-money-laundering law related matters, Frank deeply understands the issues and complexities facing the payment services industry.

As co-initiator of an international alliance of fintech lawyers and a board member of the European Fintech Alliance, a platform representing the strategic interests of the Fintech Industry in Europe, Frank has built strong relationships with industry stakeholders, regulators, and international payment specialists. His passion for the agile fintech and payment industry is the key driver of this blog of which he is the co-founder, publisher and author. Frank speaks regularly at national and international payment and fintech conferences (e.g. at the Money20/20 Europe).

Frank studied law at the University of Regensburg and obtained his Master in Laws at the University of the Western Cape (Cape Town) in International Payment Systems.

Dr. Matthäus Schindele

Matthäus Schindele (PhD) is a lawyer and partner at Aderhold law firm in Munich. He is a member of the Payment and FinTech practice group and has been advising clients from the financial services and payment industries regarding all questions relating to banking, anti-money laundering and payment transaction law for more than 10 years. He is the co-author of the Ellenberger/Findeisen/Nobbe legal commentary on payment transaction law as well as Preuße’s legal commentary on the German Debt Security Act.

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Udo Steger

Udo Steger is a lawyer and partner at Aderhold law firm (Munich office). He has more than 13 years of professional experience in advising vendors and customers on all IT-, IP- and data privacy law related matters, with a focus on handling Open Source Software. Prior to joining Aderhold, Udo worked for 4 years in the legal department of an international manufacturer of telecommunications equipment. Udo regularly publishes IT-related articles and speaks at national and international conferences. Udo studied law at the University of Frankfurt am Main, and before he was admitted to the bar, worked for about 10 years as an IT consultant.

Dr. Steffen Rapp

Dr. Steffen Rapp specialises in tax consultancy for banks and payment transaction companies, private clients as well as medium-sized companies and entrepreneurs. Among other things, he advises clients on the VAT implications of their business relations, corporate and estate succession planning for tax purposes, real estate tax law as well as international tax law.

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Christian Walz

Christian Walz is a lawyer and partner at Aderhold law firm (Munich office). He is a member of Aderhold’s practice group for Payment and FinTech and has over 14 years of professional experience advising German and international clients on banking, regulatory and payment law, including anti-money-laundering law. He is co-author and co-editor of the legal commentary „Kommentar zum Zahlungsverkehrsrecht“ by Ellenberger/Findeisen/Nobbe.