09 October 2020
Bird & Bird advises investor Antin on a joint venture between Eurofiber and Vattenfall
www.twobirds.com/en/news/press-releases/2020/germany/bird-and-bird-advises-investor-antin-on-a-joint-venture-between-eurofiber-and-vattenfall

Bird & Bird LLP advised the private equity firm Antin Infrastructure Partners, the sole shareholder of Eurofiber, on the formation of a joint venture between Eurofiber and Vattenfall.

07 May 2019
PSD2/ZAG: Strong Customer Authentication and Direct Debiting Schemes
www.twobirds.com/en/news/articles/2019/germany/psd2-zag-strong-customer-authentication-and-direct-debiting-schemes

German regulator BaFin limits the application of strong customer authentication for direct debiting schemes.

17 May 2019
Liberation of Crowdfunding in germany
www.twobirds.com/en/news/articles/2019/germany/liberation-of-crowdfunding-in-germany

German Legislator reforms rules for crowdfunding allowing for broader exemption, transparency and investor protection

02 July 2019
German implementation of AMLD5: Performance of anti-money laundering due diligence by third parties under the draft bill for the implementation of Directive (EU) 2018/843
www.twobirds.com/en/news/articles/2019/germany/german-implementation-of-amld5

The German Ministry of Finance published a proposal to implement Directive (EU) 2018/843 (fifth Anti-Money Laundering Directive) into German national law. The draft proposes changes when using trusted third parties.

26 August 2020
eWpG: German Ministries publish draft for a new Electronic Securities Act
www.twobirds.com/en/news/articles/2020/germany/german-ministries-publish-draft-for-a-new-electronic-securities-act

The German Federal Ministry for Justice and Consumer Protection and German Federal Ministry of Finance recently published their draft for the proposed “act to introduce electronic securities”.

12 January 2018
Germany PSD II – Application period started!
www.twobirds.com/en/news/articles/2018/germany/psd-ii-zag-die-antragsfrist-laeuft

15 October 2018
PSD2/ZAG: Update: Intra Group Exemption remains in Effect
www.twobirds.com/en/news/articles/2018/germany/psd2-zag-update-konzernausnahme-bleibt-doch-weitestgehend-unangetastet

The implementation of the Second Payment Services Directive (PSD2) in form of German Zahlungsdiensteaufsichtsgesetz (ZAG – Payment Services Oversight Act) required a number of adjustments in payment services as of ...

21 August 2019
PSD2: BaFin announces postponing SCA-rules for online credit card payments in Germany
www.twobirds.com/en/news/articles/2019/germany/psd2-bafin-announces-postponing-sca-rules-for-online-credit-card-payments-in-germany

The requirement of Strong Customer Authentication (SCA) for payment service providers was scheduled for 14 September 2019. Germany’s Federal Financial Supervisory Authority (BaFin), however, just announced it will not ...

09 May 2019
Video identification and liveness checks in the financial sector
www.twobirds.com/en/news/articles/2019/germany/video-identification-and-liveness-checks-in-the-financial-sector

Video identification and liveness checks in the financial sector

27 May 2020
Insolvency of wallet providers and crypto depositories in Germany
www.twobirds.com/en/news/articles/2020/germany/insolvency-of-wallet-providers-and-crypto-depositories-in-germany

Especially in view of the crisis resulting from the Corona pandemic, the question arises: What happens to tokens in insolvency, especially if they are held in safekeeping by a service provider for his customers?