SK

Stephan Kock


Goodwin

Recognized since 2009

Frankfurt/Main, Germany

Practice Areas

Banking and Finance Law

Real Estate Law

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I am responsible for the Continental European Banking practise of Ashurst LLP and leading Ashurst's German International Finance practise. Our German International Finance Practise currently comprises of seven partners, lawyers and paralegals. I am based in Ashursts Frankfurt office.

Before joining Ashurst in 2000, I have worked in the banking department of another international law firm in Frankfurt after I left a Hamburg shipping boutique in 1997.

My PhD-thesis was completed at the University of Hamburg. In Hamburg I also passed my second state exam. I took my first state exam in Munich, Bavaria.

I am a member of several charity clubs, including Lions Club Frankfurt Paulskirche.

Location

  • TaunusTurm
    Taunustor 1
    Frankfurt/Main 60310
    Germany

Languages

  • English
  • French
  • German

Recognized in The Best Lawyers in Germany 2023 for work in:

  • Banking and Finance Law
  • Real Estate Law

Special Focus

  • Finance
  • International

Project Bavaria

Advising Deutsche Bank in relation to their financing of the acquistion of the (first) Metro Portfolio by MSREF. This was the first large structured real estate finance transaction in Germany after the financial crisis triggered by the collapse of Lehmans. Large portfolio, arrangement transaction (no club deal), LMA style documentatin but crafted to eligibility to cover pool "Deckungsstock" under the German Pfandbrief Act.

Project Blue

Advising Cerberus on the acquisition and, in particular, the financing of the (second) Metro Portfolio with a financing provided by a consortium of German lenders led by Societe Generale (as Agent) and Helaba (as security agent). Input from the finance department enhanced the underlying lease agreements and produced better leverage for Cerberus to win the bidding process. As borrowers counsel it was key to orchestrate such large banking club to achieve the closing. This transaction made me the only German lawyer to advise on both of the Metro transactions (see also Project Bavaria).

Project Hawk and Noah

Advising a consortium of lenders led by NIBC in the restructuring of a EUR 1.1 bn residential portfolio. I invented an enforcement route that did not trigger German RETT (3,5% on value), did not put the real assets enforced on the balance sheet of the lenders involved and did not require the lenders to write off their debt.

Project Larry II

Advising a consortium led by pbb - Deutsche Pfandbriefbank in relation to the financing of the acquisition of a large German residentail portfolio by Blackstone. LMA style documentation and orchestrating the banking club were key for closing. This was the last real estate finance transaction Societe Generale committed itself to. Ashurst provided deal modules which made it quicker for the cover pool lenders to submit the large amount of real estate assets into the cover pool ""Deckungsstock" and thereby enable an enhanced refinancing for the cover pool lenders in the consortium.

Project Cologne Tower

Advising Eurohpo and BAWAG on the financing of the office tower and hotel complex know as KölnTurm by InfraRed and ArtInvest. The transaction meant the sucessfull restructuring of the former financing of the KölnTurm and was the last financing Eurohypo was approved to enter into before its shareholder decided to re-position Eurohypo. The transaction also meant taking BAWAG into the German market.

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