People
Dr. David Schmid
Biography
David specializes in investigations, compliance and cybercrime.
He has lead several large-scale, cross-border regulatory and internal investigations at corporates and financial institutions and has dealt with a variety of authorities and regulators during these matters. His expertise in particular covers investigations relating to breaches of compliance regulations, criminal law-related issues, tax-specific issues or matters related to antitrust law. David also regularly advises his clients with regard to the remediation of potential issues discovered during an investigation, including for example changes to compliance policies.
Besides, David has extensive experience advising clients as a single point of contact in cybercrime cases and related prevention measures. This includes a broad range of experience with ransom ware attacks, CEO-fraud issues and similar cases. His expertise covers the whole life-cycle of an incident including potential prevention and also remediation as well as follow-on litigation and criminal trials.
David also serves as dawn raid counsel for various clients to assist in case of a dawn raids and also to provide guidance to the clients regarding how to prepare for potential dawn raids.
David was able to broaden his experience in internal investigations and obtain the view of a client through a secondment to the Regulatory Enforcement team of a major international financial institution.
Practice areas
- Disputes
- Financial services litigation
- Corporate and commercial litigation
- White-collar defense and global investigations
- Cybersecurity
Sectors
- Defense
Selected experience
- Conducted a large-scale internal investigation on behalf of a major international audit firm in connection with the statutory audit of a multinational corporate group.
- Led an extensive internal investigation for a globally operating German medical technology and healthcare corporation into allegations including systematic balance sheet manipulation spanning six years across multiple subsidiaries in the Asia-Pacific region, as well as the potential involvement of additional group entities, including the German parent company.
- Managed a complex, cross-border internal investigation for an international bank concerning cum/ex transactions, including coordination of strategy and engagement with criminal prosecution, tax, and regulatory authorities across multiple jurisdictions.
- Conducted a large-scale internal investigation for a major pension fund into allegations of compliance violations arising from high-value real estate transactions in Germany and the United States over an extended period.
- Advised and represented a major German services company in response to a ransomware attack that resulted in the encryption of the company's entire IT infrastructure, including management of associated ransom demands and incident response.
- Advised and represented a German shipping company in connection with a sophisticated cyber-fraud attack in which unknown actors impersonated long-standing business partners of the company through falsified emails, ultimately inducing the company to transfer funds in the seven-figure range to a fraudulent account in Poland.
Education
- Second State Exam, Law, Germany, 2013
- Doctor iur., Law, Ruprecht-Karls-University Heidelberg, Germany, 2013
- LL.M., Golden Gate University, San Francisco, USA, 2011
- First State Exam, Law, Heidelberg, Germany, 2009
Admissions
- Rechtsanwalt, Germany, 2013
Languages
- German
- English