Dr Jörgen Tielmann, LL.M.

Dr Jörgen Tielmann advises listed and non-listed companies on all aspects of stock corporation and capital market law and supports them during M&A and capital market transactions. His practice covers the entire range of stock corporation, corporate group and capital market law. Jörgen Tielmann specialises in advising and assisting with general meetings of shareholders, legal challenges, corporate governance issues, managing directors’ and board members’ liability issues and M&A transactions. He regularly publishes contributions to handbooks and articles on topics related to stock corporation law and is (co-)editor of a legal commentary on supervisory board law.

Capital Markets, Banking & Finance
Corporate/M&A

Dr Jörgen Tielmann studied law at the Universities of Tübingen and Göttingen (Germany) and obtained his Master of Laws degree from the University of Manchester (England). He has advised companies and entrepreneurs on matters pertaining to corporate law since his admission to the Bar in Germany in 1998; since 2006, he has done so as a partner with Luther. From 2008 to 2018, Jörgen Tielmann headed Luther’s stock corporation, banking and capital markets practice. He also sits on supervisory and advisory boards from time to time, most recently – from 2021 to 2024 – at Biofrontera AG, as vice chairman of the supervisory board. Jörgen Tielmann has broad experience and knowledge in corporate law, in particular, stock corporation, corporate group and capital market law.

• JUVE Guide 2024/2025: Listed under "Frequently Recommended" in "Corporate Law" (first listed in 2004/2005, "professionally and personally pleasant", competitor)
• The Legal 500 Germany 2022: Listed in "Corporate Law" (first listed in 2019, "Jörgen Tielmann combines excellent specialist knowledge with excellent practical relevance. He is a guarantor in finding legally secure, practical and timely solutions, even for highly complicated issues. Dr. Tielmann has been a reliable partner to our company for twenty years.")
• kanzleimonitor.de 2022/2023: Recommended in "Corporate Law" (first recommended in 2021/2022)
• Best Lawyers 2025: Recommended in "Corporate Law" (first recommended in 2018)
• Legal Expert 2012: Ranking in "Corporate M&A" (first ranking in 2007)

• Advising each year up to ten general meetings of listed companies in the e-commerce software, renewable energy, tourism, construction materials, real estate and insurance industries       
• Providing ongoing capital market and stock corporation law advice to various listed companies, in all industries, on a long-term basis
• Debt-equity swaps (2005, 2007, 2009)
• Option capital increases (2003, 2004, 2005, 2007, 2010, 2014, 2018, 2019)
• Capital increases carried out by converting capital reserves and/or profit reserves into share capital (2005, 2017, 2022, 2023)
• Capital increases from authorised capital in connection with a private placement, including in the book-building process (2003, 2004, 2006, 2007, 2010, 2011, 2013, 2015, 2016, 2017, 2018, 2019, 2020)
• Representation of stock corporations, SEs and limited liability companies in status proceedings regarding co-determination (2018, 2019, 2021)
• Issue of convertible or warrant bonds (2004, 2020, 2023)
• Issue of corporate bonds (2011)
• Conversion of shares from conditional capital (2006)
• Simplified and regular capital reductions (2003, 2005 - 2019)
• Delisting of ADRs on the NASDAQ
• Partial delisting (2005, 2021)
• Delisting (2021)
• Organisation of an international stock option plan for employees (2009, 2020, 2025)
• Squeeze-outs under stock corporation and reorganisation law (2006, 2011, 2012, 2014).
• Advising management and supervisory boards on a regular basis on disputes among board members regarding personnel issues and other matters, including judicial proceedings for an appointment or revocation by a court
• Successful defence against actions to set aside resolutions of the general meetings of listed companies (including in release proceedings) before the Regional Courts of Gera, Hamburg and Dusseldorf, as well as in release proceedings before the Higher Regional Court of Dusseldorf
• Representation of the companies concerned in legal actions brought by minority shareholders for a review of their compensation following squeeze-outs and inter-company agreements
• Advice to a bidder (2004), a group of shareholders (2005) and target companies (2012, 2019, 2020, 2021, 2025) on takeovers according to the German Securities Acquisition and Takeover Act (WpÜG)
• Mergers and spin-offs, including transactions involving banks and insurance companies that are subject to supervision (2004, 2005, 2010, 2011, 2014, 2015, 2020, 2021, 2022, 2023)
• Corporate acquisitions on an ongoing basis, e.g. in the following industries: e-commerce software and SaaS (2000, 2024); electrical engineering (2001); cement (2003); textiles (2004); navigation software (2005, 2008, 2011, 2014); insurance (2005, 2011, 2017, 2018); online marketing (2006, 2007, 2010, 2013, 2014, 2017, 2019, 2020, 2021, 2024); biotechnology (2008); other Internet platforms (2008, 2009, 2010, 2015, 2020); hospitality (2012); mechatronics (2010, 2012); nursing care (2017, 2018, 2019, 2020, 2022); and renewable energy (2015)
• Representation of the then majority shareholder of a manufacturer of navigation equipment before the Regional Court and the Higher Regional Court of Hamburg in its successful defence against a holding company’s alleged claims for transfer of a majority interest (2006)
• Representation of a listed company before the Regional Court of Stade in its successful defence against a financial investor’s claims for reversal of a corporate acquisition (2010)

• Der Bezugspreis – Maßgaben und Grenzen seiner Festsetzung.
• Voraussetzungen für eine Beschlussfassung nach § 147 Abs. 1 AktG
• Erstreckung des Stimmverbots der Verwaltungsorganmitglieder auf den beherrschenden Aktionär - Sippenhaft im Konzern?
• Minderheitenschutz beim Unternehmensverkauf und Squeeze-out nach deutschem und amerikanischem Recht
• Der Beschlussvorschlag des Aktionärs an die Hauptversammlung für Wahlen zum Aufsichtsrat kraft Verlangens nach § 122 Abs. 1 oder 2 AktG - Inhalt und Grenzen
• Die Familienverbrauchsstiftung
• Empfehlungen zur Sicherung der Handlungsfähigkeit des Aufsichtsrats bei der Anfechtung der Wahl von Aufsichtsratsmitgliedern
• Handlungspflichten einer börsennotierten Aktiengesellschaft bei Verurteilung eines Aufsichtsratsmitglieds wegen eines (privaten) Steuerstrafdelikts?
• Die Neuerungen des Dodd-Frank Wall Street Reform and Consumer Protection Act
• Kein Erfordernis der Anfechtungsbefugnis des Nebenintervenienten bei einer aktienrechtlichen Anfechtungsklage, Urteilsbesprechung zu BGH, 23.04.2007, II ZB 29/05
• Die Anfechtungsklage – ein Gesamtüberblick unter Berücksichtigung des UMAG
•  Happ, Aktienrecht, 2. und 3. Aufl., Abschnitt 12.08: Kapitalerhöhung aus Gesellschaftsmitteln; Abschnitte 14.01-14.08: Kapitalherabsetzung; Abschnitte: 18.01.-18.17: Klag- und Antragsverfahren
• Aktuelle Gestaltungsempfehlungen zur Vorbereitung der Hauptversammlung nach EHUG und TUG
• Zur Zulässigkeit von aufsteigenden Gesellschafterdarlehen einer Aktiengesellschaft
• Die Erfüllung von Verlustausgleichsansprüchen im Vertragskonzern
• Germany’s Fourth Financial Markets Promotion Act (4. Finanzmarktförderungsrecht)
• Die Einziehung von Aktien ohne Kapitalherabsetzung
• Die Zustellung der aktienrechtlichen Anfechtungsklage nach dem Zustellreformgesetz
• Aktuelle Entwicklungen im Wirtschaftsrecht

• Member of the board of the Hanseatic Bar Association and one of its vice-presidents
• Gesellschaftsrechtliche Vereinigung (VGR)
• Überseeclub Hamburg
• German Federal Bar’s specialist committee for corporate law

• 12.05.2016: Marktsondierungen nach neuem Recht: Investorenansprache nach der Marktmissbrauchsverordnung, M.M. Warburg & Co.
• 29.04.2015: Luther Konzernrechtstag, Mandantenveranstaltung
• 11.10.2013: Interessenkollisionen im Aufsichtsrat, 5. Österbergseminar
• 09.02.2012: Konzepte für eine Aufsichtsratsvergütung, EUROFORUM-Webcast:
• 15.12.2011: Haftung und Haftungsmanagement für das Geschäftsführungs- und Aufsichtsorgan, EUROFORUM-Webcast:
• 04.10.2011: Den Kauf aus und in den Konzern unter besonderer Berücksichtigung des Squeeze-Out, 3. Praktikerseminar auf dem Österberg
• 22.10.2010: Zur Fusion von Dresdner Bank und Commerzbank—Trotz Gelantine, holzmüllert es wieder?, 2. Praktikerseminar auf dem Österberg - Aktuelle Entwicklungen im Wirtschaftsrecht
• 06.11.2009: Die AG und ihre Hauptversammlung in der Krise, Alumni Seminar zum Thema: Die Krise und ihre Auswirkungen auf das Gesellschafts-, Steuer-, und Insolvenzrecht