ILF master students and professors visit the Greenhouse
Cooperation opens career opportunities for foreign lawyers
As part of its celebrations of the 5th anniversary of the LLM International Finance Programme, the Institute for Law and Finance (ILF) of Frankfurt Goethe University visited Deloitte Berlin on Friday, 17 May 2019. ILF Managing Director Dr. Rolf Friedewald and his staff, 33 international law students of the Master's programme as well as 17 professors from China and Taiwan took part in subject-related and informative lectures and made contacts at the come together in the Greenhouse and conference area. The Berlin universities were represented by Prof. Dr. Andreas Engert, who conducts research at his chair at Freie Universität Berlin on capital market law topics which are inter alia related to Asia. He was available to the participants for in-depth discussions
Cooperation on current banking law topics
Deloitte and Deloitte Legal have been cooperating with the ILF for several years and regularly offer internships to ILF master students. The most recent example of subject-related cooperation is the conference on "Remuneration Structuring in Banks", which the ILF organised together with Deloitte on 9 May. Furthermore, on the initiative of Deloitte legal partner Dr. Mathias Hanten and ILF Managing Director Dr. Friedewald, the "Brexit Lecture" is held annually, for the fifth time in March of this year, and is very popular with banks and other companies in the financial sector as well as with academics and politicians.
Lectures on Brexit and digitalisation of the financial sector
Continuing this thematic focus, the subject-related lectures, which followed the welcoming address by lawyer Dr. Klaus Pilz as representative of the Berlin location and Prof. Dr. Engert, dealt with current developments in Brexit-related topics and the digitalisation of the financial industry.
Under the title "Brexit - Quo Vadis: Regulatory and Tax Perspectives", Dr. Moritz Maier, attorney in Dr. Hanten's banking supervisory law team in Berlin, and Christian Mozelewski, attorney and tax consultant in the Deloitte Tax division, gave insights into their advice on BaFin licensing procedures and sales tax issues in connection with Brexit. In their presentation "Intelligent Enabled Banking, Tokenization and other Trends in the Finance Industry: Case Studies and Regulatory Issues", Dr. Osman Sacarcelik, also an attorney in Dr. Hanten's banking supervisory law team as well as Lara-Louissa Genz and Nicklas Urban discussed current digital developments in the financial sector using concrete use cases such as Initial Coin Offerings (ICO) and blockchain-based technologies for tax compliance in the context of tobacco tax.
Center for the Long View
In addition to the subject-related insights, the participants were introduced to the Deloitte Center for the Long View , which supports customers and project teams in developing future scenarios. Tobias Streller, Manager at Deloitte Consulting, showed how decision makers can manage an increasing complexity with a dynamic, AI-supported strategy approach.
Of particular interest to the international law students was the presentation by Linda Bäcker, Senior Personnel Officer, on the various entry and career opportunities at Deloitte and Deloitte Legal. She explained the career opportunities at Deloitte and the options available to students and young professionals in the various Deloitte companies. A particular focus was given on the entry opportunities for lawyers of foreign jurisdictions.
Lawyers of foreign jurisdictions at Deloitte
Cooperation with the ILF demonstrates Deloitte's and Deloitte Legal's openness towards lawyers of foreign jurisdictions. As Dr. Friedewald expressly emphasized, almost all students of an ILF Master's programme complete an internship in a team of Deloitte Legal or Deloitte. Following an ILF internship in the Deloitte Legal banking supervisory law team, Begüm Femir, a lawyer with a Turkish law degree, currently works extremely successfully in the service line Risk Advisory in the area of financial services.
Further recruitments are planned in the near future
Due to the large number of international mandates and cross-border matters, experts from foreign markets and jurisdictions are increasingly important for Deloitte in providing legal services. Linda Bäcker and Dr. Osman Sacarcelik pointed out that therefore further recruitments of lawyers with foreign legal backgrounds are planned in the near future at Deloitte and Deloitte Legal.