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Dr David Schmid

Senior Associate

Frankfurt am Main

Schmid David
Dr David Schmid

Senior Associate

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. In particular, 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 and also has extensive experience in disputes concerning equity substitution law, including in constellations involving restructuring.

News & insights

City view with bright lights

Publications: 02 DECEMBER 2020

Court of Appeal restates the legal principles applicable to the sanction of Part VII transfers of insurance businesses

The Court of Appeal has today upheld the joint appeals by The Prudential Assurance Company Limited (PAC) and Rothesay Life Plc (Rothesay) against Snowden J’s refusal to sanction the transfer of a…

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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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stairs

Publications: 14 NOVEMBER 2019

Employee interviews in internal investigations

Recent developments in the U.S., UK and Germany have cast a spotlight on the interplay between corporate internal investigation interviews and investigations by, and cooperation with, the authorities.…

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Publications: 28 AUGUST 2019

New German act on corporate sanctions and internal investigations taking shape

A Corporate Sanctions Act is taking shape in Germany. It would bring about a significant increase in potential corporate fines, introduce far-reaching changes to the prosecution of corporate crimes…

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Office

Frankfurt am Main

Allen & Overy LLP
Bockenheimer Landstraße 2
60306 Frankfurt am Main

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Qualifications

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