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Dr David Schmid

Counsel

Frankfurt am Main

Schmid David
Dr David Schmid

Counsel

Frankfurt am Main

Dr David Schmid has been practising as a German lawyer (Rechtsanwalt) in Allen & Overy's Frankfurt office since 2013. His work focuses primarily on the field of internal investigations.

He regularly advises on large-scale, cross-border internal investigations being conducted at corporates and financial institutions, both with respect to ongoing proceedings instigated by regulators or other authorities and in preventative internal investigations. His expertise in particular covers investigations relating to breaches of compliance regulations, tax-specific issues (e.g. cum-ex and similar transaction structures) or matters related to antitrust law, including associated aspects of white-collar crime, such as money laundering, breach of trust, fraud, bribery and corruption in business transactions – a subject he addressed in his dissertation. David was able to broaden his experience in the context of internal investigations through a secondment to the Regulatory Enforcement team of a major international financial institution.

Further, David advises on national and cross-border disputes before public courts. In this context, the focus of his work lies on disputes following internal investigations as well as on financial services litigation. He regularly acts on behalf of major financial institutions and electronic payment service providers in such disputes and litigation matters.

News & insights

high office buildings and blue sky

Publications: 22 MARCH 2021

Whistleblower protection in Germany to be expanded beyond EU law requirements

Companies in Germany should be aware of Germany’s looming implementation of the EU Whistleblowing Directive (Directive (EU) 2019/1937). The now available first working draft bill for a Whistleblower…

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Tall buildings and sunny sky

Blog Post: 12 OCTOBER 2020

Hamburg regulator issues EUR 35 million GDPR fine for data privacy breach

GDPR enforcement is a sharp sword, which regulators are starting to make full use of. What is important for your company in light of the enforcement trends discussed in this blog?

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server

Publications: 09 OCTOBER 2020

Hamburg regulator issues EUR 35 million GDPR fine for data privacy breach

The Hamburg Data Protection Authority imposed the largest ever GDPR fine in German history on Swedish fashion company H&M on 1 October 2020. According to the regulator, the company had stored and used…

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Blog Post: 28 APRIL 2020

Watershed moment for prosecution of corporate crimes in Germany gets closer

Resistance has been futile. Although practitioners and academics strongly criticised a previous working draft, the German Federal Ministry of Justice has now formally published its proposal for a…

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Office

Frankfurt am Main

Allen & Overy LLP
Bockenheimer Landstraße 2
60306 Frankfurt am Main

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Qualifications

Professional

Admitted as a Lawyer (Germany), 2013

Academic

Second German Law Degree, Frankfurt am Main, 2013

Dr. jur., Ruprecht-Karls-Universität, Heidelberg, Germany, 2013

LL.M., Golden Gate University, San Francisco, USA, 2011

First German Law Degree, Heidelberg, Germany, 2009

Published work

  • Schmid D. (2017): „Electronic file keeping in court“, BGH, Urteil v. 6.4.2017, III ZR 368/14, Entscheidungssammlung zum Wirtschafts- und Bankenrecht (WuB) 2017, 573 seq. (with Dr Wolf Bussian, in German)
  • Schmid D. (2016): "Advisory liability of a bank in connection with a currency-related swap“, OLG München judgment 23 U 3491/14, Entscheidungssammlung zum Wirtschafts- und Bankenrecht (WuB) 2016, 531 seq. (with Jan Erik Windthorst, in German)
  • Schmid D. (2013) "Korruption durch Bonuszuwendungen: Strafbarkeit der (Media-)Agentur als Beauftragte im Sinne von § 299 Abs. 1 StGB", Centaurus Verlag
  • Schmid D. (2012) "(Do) We need a European Civil Code (?)", Golden Gate University Annual Survey of International & Comparative Law, Volume XVIII, Spring 2012