Thies Deike is a Counsel in our Frankfurt Corporate Team focusing on IT matters.
He has more than 20 years of experience advising clients on digital transformation projects, outsourcing and other technology transactions as well as commercial contracts, consumer protection law and IT-related intellectual property matters. Clients include buyers of IT services with a special focus on financial institutions and FinTechs as well as IT service providers, online platforms, software manufacturers and other tech companies. Thies also advises strategic and financial investors when investing in or acquiring companies from these sectors.
Thies has a deep understanding of the commercial, operational, and technical implications of the projects he works on. This enables him to consider aspects beyond purely legal matters and to facilitate alignment with non-legal stakeholders. His expertise includes the specific regulatory requirements relating to outsourcing in the financial services industry.
Legal500 Germany 2024 highlights Thies' expertise in contract drafting and IP matters in a transactional context with a focus on software and data.
Background
Thies graduated with his First German State Exam at Ruprecht-Karls University of Heidelberg in 1997 and with his Second German State Exam at the Higher Regional Court of Freiburg in 1999. He speaks German and English fluently. Prior to joining Herbert Smith Freehills, he worked with Latham & Watkins LLP.
Experience & expertise
Selected matters
- Triton on carve-out aspects in connection with its acquisition of Siemens Energy’s high-voltage network component business Trench*
- a car fleet management company on contractual and regulatory outsourcing matters in connection with a procedure to obtain a payment services license*
- a FinTech company on the outsourcing of crypto custody services*
- a FinTech company on a cooperation regarding a crypto trading platform*
- Hg on its investment in LucaNet, a financial automation and B2B payments software company*
- Established. on the acquisition of the Blaupunkt brand portfolio*
- a developer of software for connected cars on development and supply agreements with German OEMs*
- social media platforms on terms and conditions and regulatory requirements relating to new features*
- DEDIQ on a joint venture with SAP to form a software provider for the financial services industry*
- a leading chemicals company on a project agreement for the development of an online B2B marketplace and ongoing advice to such marketplace on its terms of use and other contractual matters*
- Hellman & Friedman on the acquisition of a 70% stake in Scout24 Group*
- a leading German bank on numerous IT and outsourcing projects*
- Apollo on carve-out aspects in connection with the acquisition of KBC Bank Deutschland AG*
- two international banks on licensing and implementation of core banking systems*
*prior to joining Herbert Smith Freehills
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