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Dr Stephan Bausch, D.U.
Lawyer
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Partner
Areas of practice
Stephan Bausch advises and assists companies prior to and during court and arbitration proceedings and when resolving disputes out of court. Especially in the context of impending mass proceedings, Stephan Bausch works with his clients to determine the appropriate defence strategies. Furthermore, he focuses on cross-border disputes with an emphasis on private international and international civil procedural law. Stephan Bausch helps companies secure their claims by obtaining a preliminary injunction, as well as enforcing the claims.
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Vita
Stephan Bausch spent part of his school years in Fort Myers, Florida, USA. From 1995 to 2001, he studied law at the Universities of Bonn, Germany, and Aix-en-Provence, France. After spending some time in Toulouse, France, for research purposes, he was awarded his doctorate on a comparative law topic in 2004.
From 2006 to 2013, Stephan Bausch was a member of the litigation practice group of Freshfields Bruckhaus Deringer LLP in Cologne and Frankfurt (Germany). In 2013, he joined Luther as a partner. He is co-head of the German-wide Complex Disputes Team.
Stephan Bausch has authored numerous publications with an emphasis on litigation and has been recommended in leading national and international rankings (see "Honors and Distinctions").
Honors and distinctions
- Chambers Global 2021: Ranking in "Dispute Resolution: Litigation - Germany" (first ranking in 2019)
- Chambers Europe 2021: Ranking in "Dispute Resolution: Litigation" (first ranking in 2019)
- JUVE Guide 2024/2025: Listed under "Frequently Recommended" in "Conflict Resolution – Dispute Resolution" (first listed in 2016/2017, "professionally brilliant, personally pleasant", competitor)
- The Legal 500 Germany 2023: Recommendation in the category "Dispute Resolution - Arbitration (including International Arbitration)" (first recommendation in 2022, first mention in 2020)
- The Legal 500 Germany 2020: Mention in the category "Dispute Resolution - Commercial Litigation" (first recommendation in 2018)
- The Legal 500 Germany 2016: Mention in the category "Dispute Resolution – Securities and Funds Litigation "
- Lexology Index 2025 (former WWL Who’s Who Legal): Recommendation "National Leader" in "Germany - Commercial Litigation" (first recommendation in 2024)
- Lexology Index 2024 (former WWL Who’s Who Legal): recommendation “Global Leader” in “Commercial Litigation" (first recommendation in 2023)
- Who's Who Legal 2022: Award "Future Leader" in "Commercial Litigation"
- Thomson Reuters 2024: Award as Stand-out Lawyer
- Best Lawyers 2026: Recommendation in "Litigation", "Arbitration and Mediation" (first recommendation in 2017) and "Banking and Finance Law"
- WirtschaftsWoche 2024: Recommendation “Top Lawyer" in "Litigation & Arbitration" (first recommendation in 2021)
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Clients
- Volkswagen AG: representation in several thousand individual suits before German Regional and Higher Regional Courts, overall coordination of the Luther team comprising up to 200 lawyers
- Deutsche Bank AG: representations in proceedings before numerous regional and higher regional courts concerning structured interest rate derivatives
- SEB AG: representations in proceedings concerning derivatives
- Hauck & Aufhäuser Privatbankiers KGaA: representations in court in various cases concerning swap transactions with municipalities
- A manufacturer of industrial gas: representations before an arbitration tribunal in post-M&A proceedings
- A manufacturer of disc brakes: representations in court proceedings concerning damages and the supply of products
- An energy supplier: representations in court in stock corporation law disputes
- A German industrial enterprise: representations in post-M&A proceedings
- Arbitral injunction proceedings in connection with the assertion of claims under a bank guarantee
- A fund initiator: representations in defending against actions concerning liability for information provided in prospectuses
- Representing banks in mistrade proceedings
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Publications
- Hemmung der Verjährung eines Schadensersatzanspruchs wegen Verletzung der Pflichten aus Anlageberatungsvertrag auch hinsichtlich in Klageschrift nicht geltend gemachter Pflichtverletzungen - Besprechungsaufsatz zum Urteil des BGH vom 13.6.2023 - XI ZR 464/21, in: Entscheidungen zum Wirtschaftsrecht (EWiR) 2023, Heft 18/2023, S. 545-548
- Unzulässigkeit von Negativzinsen im Darlehensvertrag- Besprechungsaufsatz zum Urteil des BGH vom 09.05.2023 - Az. XI ZR 544/21, in: Deutscher AnwaltSpiegel, Heft 12/2023, S. 13ff
- Beweiswert eines „Screenshots“ im gerichtlichen Verfahren, in: Luther-Blogbeitrag vom 20.08.2020
- In a Nutshell: Alles, was führende Litigator im Blick haben müssen, in: Dispute Resolution - Das Online Magazin, Heft 04/2019, S. 3-4
- Stärken stärken – Entwicklungen des Schiedsrechts und Third Party Funding in Hongkong, in: Dispute Resolution, Heft 02/2019, S. 13-18 (gemeinsam mit Katharina Klenk-Wernitzki)
- Unwirksame Vereinbarung einer "Zinscap-Prämie" oder "Zinssicherungsgebühr" in AGB - Anmerkung zum BGH-Urteil vom 5.6.2018 - XI ZR 790/16, in: Neue Juristische Wochenschrift (NJW), Heft 40/2018, S. 2950-2954
- A new impulse in Consumer Protection Law, in: DisputeResolution Online Magazin, Heft 03/2018
- Vorfälligkeitsentschädigung bei außerordentlicher Kündigung eines Unternehmerdarlehens - Besprechungsaufsatz zum Urteil des BGH vom 20.02.2018 - XI ZR 445/17, in: Neue Juristische Wochenschrift (NJW), Heft 25/2018, S. 1812-1817
- Clear message on the Statute of Limitations for Claims against a Cartel
- Wie kommt der „Kuckuck“ auf den Bitcoin? Im Blickpunkt: Zwangsvollstreckung in Kryptowährungen, in: DisputeResolution, Heft 01/2018, S. 7-10 (gemeinsam mit Dr. Simon J. Heetkamp)
- Keine Anlageberatung oder -vermittlung bei Empfehlung einer Vermögensverwaltung, in: Neue juristische Wochenschrift (NJW), 2018
- Außergerichtliche Streitbeilegungsverfahren in Gefahr, in: DisputeResolution - Online-Magazin vom 06.12.2017
- Eine Idee, deren Zeit gekommen ist, in: DisputeResolution - Online-Magazin vom 27.09.2017
- Kein vorsatzausschließender Verbotsirrtum allein wegen erfolgter anwaltlicher Beratung - Besprechungsaufsatz zum Urteil des BGH vom 16.05.2017 - VI ZR 266/16 in: Neue Juristische Wochenzeitung (NJW), Heft 34/2017, S. 2463-2466
- Einfach, schnell, flexibel, sicher - Die UN-Kommission für internationales Handelsrecht legt Empfehlungen für Online-Dispute-Resolution-Verfahren vor, in: DisputeResolution vom 21.06.2017 (gemeinsam mit Dr. Simon J. Heetkamp)
- Unzulässige Gebühr für geduldete Überziehung eines Girokontos - Besprechungsaufsatz zum Urteil des BGH vom 25.10.2016 - XI ZR 9/15, in: Neue Juristische Wochenschrift (NJW), Heft 14/2017, S. 1018-1022
- Lichtblick für Kartellanten? Grauzementkartell: OLG Karlsruhe lässt Schadensersatzansprüche verjähren, in: DisputeResolution, Heft 1/2017
- Editorial, in: CompRechtsPraktiker, Heft 01-02/2017
- Konnexität bei Swap-Verträgen, in: CompRechtsPraktiker, Heft 01-02/2017
- Gezielte Stärkung der Klägerposition - Im Blickpunkt: Das „Lkw-Kartell“ als Feuerprobe für die 9. GWB-Novelle, in: DisputeResolution, Heft 4/2016
- Bank guarantees payable on first demand- How courts can help when push comes to shove, in: CompRechtsPraktiker 2016
- „Reich“ Citizens: The Malta Scam, in: Der Gemeinderat, Heft 11/2016
- Take the threat seriously – “Reich” Citizens are now also bullying top politicians and entrepreneurs with the "Malta Scam", in: DisputeResolution vom 28. September 2016
- Connected legal relationships (Konnexität) in Swap-Contracts - Anmerkungen zum BGH-Urteil vom 22.3.2016 - XI ZR 425/14, in: Zeitschrift für Bank- und Kapitalmarktrecht, Heft 7/2016
- Interlocutory injunctions in cases of securities payable on first demand, in: DisputeResolution, 22. Juni 2016
- The Federal Court (BGH) substantiates its case law on the information banks are obligated to provide upon concluding a SWAP contract, in: CompRechtsPraktiker 2016
- The initial negative market value in the case law of the Federal Court of Justice on interest rate swaps (Zinsswaps),in: Zeitschrift für Wirtschafts- und Bankrecht 2016
- The case HETA: sovereign expropriation of foreign creditors, in: Versicherungswirtschaft-Heute vom 04. Mai 2015
- Federal Court of Justice (BGH): damages claims by Lehman investors – The obligation of the advising bank to inform the issuer of his exceptional right of termination, in: Betriebs-Berater (BB) 2015
- Zins- und Währungsswaps vor dem Bundesgerichtshof, in: Börsenzeitung 2014
- Decision of the Federal Court of Justice regarding undisclosed internal commission payments – Civil-law duty to inform as of 1 August 2014, in: Betriebs-Berater (BB) 2014
- Closed open-ended real estate funds: Duty to inform of the risk of suspension as part of investment consulting, in: CompRechtsPraktiker, Heft 07-08/2014, S. 150 ff.
- Judgment provides clear guidelines for investment consulting, in: Börsen-Zeitung 2014, S.13
- Actions for damages before German courts in connection with the manipulation of the Libor and Euribor, Schadensersatzklagen vor deutschen Gerichten im Zusammenhang mit der Manipulation von Libor und Euribor, in: Zeitschrift für Wirtschafts- und Bankrecht
- Federal Court of Justice compromises the acceptance of its own judgments, Der Bundesgerichtshof gefährdet die Akzeptanz seiner Urteile, in: Frankfurter-Allgemeine-Zeitung vom 19. Februar 2014, S. 19
- Investor- and object-specific consulting for financial instruments to limit interest rate risks (in the case at issue: so-called interest collar), Comments on the Higher Regional Court of Celle’s Judgement dated 27 February 2013 (file no.: 3 U 66/12), in: BKR 2014, pp. 43 et seq.
- Derivatives in the focus of the courts, in: FINANCE - Das Magazin für Finanzchefs vom 31. Januar 2014
- Cross Border Litigation: Practitioner Perspectives, in: Commercial Dispute Resolution News von Juli/August 2013
- High hurdles for German Libor lawsuits, in: Börsen-Zeitung von Samstag, vom 1. Juni 2013
- Annotations on BGH: Management board members’ liability for speculative interest rate derivative contracts, Judgment dated 15 Janu-ary 2013 - II ZR 90/11, in: LMK 2013, 345913
- The Bundesgerichtshof (Federal Court of Justice, hereinafter the "BGH") rules on the right of withdrawal with regard to Lehman notes: With new arguments to the same conclusion, in: Legal Tribune Online of 29 November 2012
- Further development of the jurisprudence regarding the margin interest of advising banks, Commentary on the BGH, Judgment dated 26 June 2012 - XI ZR 316/11
- Requirements on the rebuttal of the causality for damages after the change in case law by the XIth Senate, Anforderungen an die Widerlegung der Schadensursächlichkeit nach der Rechtsprechungsänderung des XI. Zivilsenats, in: Zeitschrift für Bank- und Kapitalmarktrecht 2012, pg. 410 et seq.
- On prospectus liability claims of an investor who joined a fund through a trustee, Decision Report on the BGH, Judgment dated 23 April 2012 - II ZR 211/09, in: Betriebs-Berater 2012, pg. 2015 (together with Konstantin Kohlmann)
- Annotations on the Higher Regional Court of Stuttgart, Judgment dated 1 February 2011 - 9 U 57/11, in: Zeitschrift für Bank- und Kapitalmarktrecht 2012, pg. 303 et seq.
- No indemnification claim under the Capital Contribution and Investor Compensation Act for investors mainly acting as investment brokers, "Phoenix" - Annotations on BGH, Judgment dated 20 March 2012 - XI ZR 377/11, in: Entscheidungen zum Wirtschaftsrecht 2012, pg 451 et seq. (together with Alexander Bücken)
- New judgments regarding Lehman notes: Differentiated advising obligations, frustrated investors?, in: Legal Tribune Online of 27 June 2012
- Advice and liability for wrongful advice of banks in view of the pilot decisions regarding Lehman notes, in: Neue Juristische Wochenschrift 2012, pg. 354 et seq.
- Disclosure obligations in recommending Lehman certificates - Annotations on BGH, Judgment dated 27 September 2011 - XI ZR 178/10, in: Entscheidungen zum Wirtschaftsrecht 2011, 765 et seq.
- Interview: Stephan Bausch, the BGH lends its support to the banks against "Lehman victims", in: Börsen-Zeitung vom 19. October 2011, S. 2
- Editorial: Lehman notes: BGH approves non-disclosure of profit margin - on BGH, Judgments dated 27 September 2011 - XI ZR 178/10 and 182/10, in: Betriebs-Berater 2011, pg. I
- Investors in notes do not have any more arguments after the latest BGH judgment, in: Platow Recht from 30 September 2011
- The house bank is afraid of a BGH defeat, in: Legal Tribune Online of 11 April 2011
- Investors have no claim under the EAEG, (the Capital Contribution and Investor Compensation Act) for damages for phantom profits, "Phoenix" - Annotations on BGH, Judgment dated 23 November 2010 - XI ZR 26/10, in: Entscheidungen zum Wirtschaftsrecht 2011, S. 147 ff.
- Liability trap corpus delicti correction, in: Anwaltsblatt 2011, S. 126 ff.
- On the scope of advisory obligations in swap transactions - Annotations on the Higher Regional Court of Hamm, Judgment dated 10 November 2010 - 31 U 121/08, in: Zeitschrift für Bank- und Kapitalmarktrecht 2011, S. 74 ff. (together with Dr. Antje Baumann)
- Disclosure obligations in swap transactions, in: Betriebs-Berater 2011, pg. 146 et seq.
- Disclosure obligations for profit and trading margins?, in: Zeitschrift für Wirtschafts- und Bankrecht 2010, pg. 2101 et seq. (together wit Dr. Volker Lang)
- Tax-saving contractor and acquisition model - Commentary on BGH, Judgment dated 29 June 2010 - XI ZR 104/08, in: Betriebs-Berater 2010, S. 2138 f.
- Annotations on the Hanseatic Higher Regional Court, Judgments dated 23 April 2010 - 13 U 117/09 and 118/09, in: Zeitschrift für Bank- und Kapitalmarktrecht 2010, S. 257 ff.
- Damages due to bad investment advice - Lehman notes - Commentary on Higher Regional Court of Frankfurt am Main, Judgment dated 17 February 2010 - 17 U 207/09, in: Betriebs-Berater 2010, pg. 855 et seq.
- Bank liability after providing bad advice on Lehman notes - Commentary on the Regional Court of Hamburg, Judgment dated 23 June 2009 - 310 O 4/09, in: Betriebs-Berater 2009, pg. 1832 et seq.
- Annotations on Higher Regional Court of Bamberg, Judgment dated 11 May 2009 - 4 U 92/08, in: Zeitschrift für Bank- und Kapitalmarktrecht 2009, pg. 304 et. seq.
- No bank liability after severe loss-causing interest rate swaps by public entity, Decision Report on the Higher Regional Court of Bamberg, Judgment dated 11 May 2009 - 4 U 92/08
- Bad investment advice: third party investments also entitle to in rem restitution, Decision Report on the BGH, Judgment dated 15 January 2009 - III ZR 28/08
- Annotations on Regional Court of Frankfurt am Main, Judgment dated 28 November 2008 - 2-19 O 62/08 (investment advice liability)
- No investment advice liability for the bank after the acquisition of Lehman notes, Decision Report on the Regional Court of Frankfurt am Main, Judgment dated 28 November 2008 - 2-19 O 62/08
- Investment advice liability for interest rate swap transactions by a communal enterprise, annotations on the Regional Court of Magdeburg (WM 2008, 537)
- The declared willingness to make an organ donation as a constitutionally admissible criterion of organ allocation, in: Neue Juristische Wochenschrift 2008, pg. 1562 et seq. (together wit Konstantin Kohlmann)
- Annotations on the Regional Court of Magdeburg, Judgment dated 21 January 2008 - 9 O 1989/06 (investment advice liability)
- Conditions for a claim for damages due to omitted revocation notification under the Haustürwiderrufsgesetz (Residential Door Revocation Act) regarding so-called junk real estate - Commentary on BGH, Judgment dated 26 February 2008 - XI ZR 74/06, in: Betriebs-Berater 2008, S. 861 f.
- Anlageberatungshaftung - Entscheidungsreport zum Urteil des LG Magdeburg vom 21.01.2008 - 9 O 1989/06, in: Betriebs-Berater 2008, S. 524 f.
- Decision Report on the Higher Regional Court of Munich, Judgment dated 19 December 2007 - 7 U 3009/04 (Sec. 37a WpHG (Wertpapierhandelsgesetz, the Securities Trading Act)/kick backs), in: Betriebs-Berater 2008, S. 133
- he unremarkableness of omitted mediation proceedings in legal remedies instances, in: Juristische Rundschau 2007, pg. 444 et seq.
- On the termination possibilities of long-term voting trust agreements,in: Die Aktiengesellschaft 2007, pg. 651 et seq.
- Seller’s right to shipping during internet sales, in: Der IT-Rechts-Berater 2007, S. 193 ff.
- In personam agreements regarding dispatching members to the supervisory board in view of Sec. 101 II AktG (Aktiengesetz, the Corporation Act)
- Lessee’s claim for proper postal delivery in a liberalised postal market, in: Neue Zeitschrift für Mietrecht 2006, S. 917 ff.
- Reach of legal protection under § 80 para. 5 VwGO (Verwaltungsgerichtsordnung, the Code of Administrative Court Procedure), in: Neue Zeitschrift für Verwaltungsrecht 2006, S. 158 ff. in avoiding costs after an execution by substitution
- Methodology of case processing, the practical case, in: Verwaltungsrundschau 2006, S. 129 ff.
- Video surveillance in France
- Herausgeber der Dissertation "Video surveillance as a preventative means of combatting criminality in Germany and France", Tectum Wissenschaftsverlag, 2004
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Blog posts
- Bank guarantees in international trade – part 3 – Between a rock and a hard place: the role of the guarantee bank
- Bank guarantees in international trade – legal protection from the guarantee creditor’s perspective (part 2)
- Bank guarantees in international trade – legal protection from the guarantee debtor’s perspective (part 1)
- Nebenforderungen: keine Nebensache
- Five questions – five answers: The moratorium on Greensill Bank AG and its consequences for depositors
- Gerichtsstand bei gemeinsamer Inanspruchnahme von Dienstleister und Kreditinstitut
- Ordre public respected in the case of examination of witnesses without an interpreter
- Digital legacy: traces of the deceased - How to enforce the right to access a deceased person’s user account
- Beitrag im Dispute Resolution-Magazin zum Thema: „Die europäische Verbandsklage – New Deal for Consumers oder alter Wein in neuen Schläuchen?“
- Evidentiary value of a “screenshot” in judicial proceedings
- Hearing fee without even “picking up the phone”?
- Einseitige Erledigungserklärung auch bei Rechtsmitteln?
- Germany’s first “anti-anti-suit injunction”
- Subsidiarity of party examination according to section 448 of the German Code of Civil Procedure
- Stay home – außer in der Justiz? Die Handlungsfähigkeit der Justiz in der Corona-Krise
- Internationale Zuständigkeit bei Schadensersatzansprüchen aus Güterbeförderung: Gerichtsstand nach Art. 31 CMR auch gegenüber Haftpflichtversicherer des Frachtführers
- Die Hinzuziehung von Sachverständigen gem. § 144 ZPO n.F.
- In a Nutshell: Alles, was führende Litigators im Blick haben müssen
- Anpassung der ZPO an den Wandel der Gesellschaft?
- Kein Weg zurück – Kein Widerruf der Zustimmungserklärung zu Vergleich im schriftlichen Verfahren
- Third Party Funding in Hong Kong A New Method of Funding Arbitration Proceedings
- Third Party Funding in Hong Kong Die Möglichkeit, mit Drittmitteln ein Schiedsverfahren zu finanzieren
- Neue Plattformen zur Beilegung von Handelsstreitigkeiten in China: die zwei internationalen Handelsgerichte in Shenzhen und Xi‘an (chin.)
- Neue Plattformen zur Beilegung von Handelsstreitigkeiten in China: die zwei internationalen Handelsgerichte in Shenzhen und Xi‘an
- Musterfeststellungsklage - eine Wunderwaffe des Verbrauchers gegen Konzerne?
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Lectures
- 30.03.2020: Luther Dispute Resolution Lecture 2020
- 24.10.2016: Haftungsrisiken beim Vertrieb von geschlossenen Beteiligungen - Auswirkungen auf die Anlageberatung, 16. Heidelberger Bankrechts-Tage
- 09.09.2016: Derivate – Markt und Bedeutung, ILF-Sommerlehrgang 2016
- 18.09.2015: Derivate – Markt und Bedeutung, ILF-Sommerlehrgang 2015
- 01.02.2014: Überblick über die wesentlichen deutschen und europäischen Regulierungsinitiativen. Rechtliche Anforderungen an den Vertrieb von Zertifikaten bei Sparkassen und Banken, Legal Roadshow der Société Générale und des Deutschen Derivate Verbandes e.V. "Zeitgerechter Zertifikatevertrieb im aktuellen regulatorischen Umfeld"
- 13.09.2013: Banking Litigation in Germany - Recovery of Losses before German Courts, Recent developments in German and British litigation proceedings - British Chamber of Commerce in Germany
- 30.08.2013: Aktuelle Entwicklungen in der Rechtsprechung zu Derivaten, Sommerlehrgang am Institute for Law and Finance, Goethe-Universität
- 28.11.2012: Defending & Managing Claims as a Result of Recent Actions Alleging Mis-Selling Derivatives, C5’s Forum on Defending and Managing – Financial Institution Litigation
- 17.06.2011: Beratungspflichten bei strukturierten Finanzprodukten, RWS Praktiker Seminar
- 24.09.2010: Recent Developments in German Anti-Trust Law, Kilpailu - oikeus '10
- 16.04.2010: Beratungspflichten bei strukturierten Finanzprodukten, RWS Praktiker Seminar
- 18.09.2009: Beratungspflichten bei strukturierten Finanzprodukten, RWS Praktiker Seminar
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Raphaël Schindler
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Dr. Guido Hoffmann, LL.M. (Cornell)
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Benedikt Stücker
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Hanover
Dr Jan Sonntag
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Berlin
Prof. Christian Zanner
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Volkan Top
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Hamburg
Prof. Dr Christian Burholt, LL.M.
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Dr Jana Karras
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Lara Zölck
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Berlin
Nele Wachholz
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Sophie Schulz
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Leipzig
Niccolo Langenheim, LL.M.
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Cologne