Hengeler Mueller advises Deutsche Bank on cross-border merger of Deutsche Bank ZRt. (Hungary) and Deutsche Bank (Portugal) S.A.

Deutsche Bank AG has converted two of its subsidiaries into branch offices as part of a pilot transaction. This conversion was carried out by way a of cross-border merger out of Hungary and Portugal. The business operations of the former Portuguese and Hungarian subsidiaries will, in future, both be conducted by a branch office. This is the first transaction of its kind in the German banking sector.

Hengeler Mueller has advised Deutsche Bank on this transaction and was responsible for coordination and structuring on an international level. The Hengeler Mueller team was led by corporate partner Daniela Favoccia and included partners Johannes Adolff (Corporate), Hendrik Haag (Regulatory), Hans-Joachim Liebers (Labour) and Ernst-Thomas Kraft (Tax) as well as associates Lucina Berger, Philipp Hanfland, Christian Häußer and Andreas Stoll (all Frankfurt).