The TILP Group (“TILP”) consists of two affiliated law firms based in Tübingen, Germany, which work together as a single team: TILP Rechtsanwaltsgesellschaft mbH and TILP Litigation Rechtsanwaltsgesellschaft mbH. TILP boasts more than 25-year years of accumulated experience and legal expertise in the fields of banking, capital investments and capital markets and ranks as one of Germany’s leading and most seasoned law firms. Since 1994, TILP’s consistent and exclusive mission has been to effectively champion the interests of investors. Thus, the firm has successfully represented private and institutional investors, family offices, and public institutions in a host of major cases involving commercial and economic matters as well as the financial markets.
TILP’s prominence in the industry is acknowledged by analysts and competitors alike. For consecutive fifteen years now, TILP has been ranked by its peers as one of the absolutely top-notch law firms in the banking and capital markets segment. The 2014 edition of the “Handbook of Law Firms in Germany” published by Nomos Verlag refers to TILP as “the leading law firm for capital markets law.” Since 2007, TILP also has consistently made the short list of top capital-market litigators in the authoritative survey published by JUVE, the German legal industry’s news magazine. According to JUVE, TILP is “one of the leading law firms representing both institutional and private investors in matters of banking and capital markets law; seen as a top choice for many years now, it has had a decisive influence on the field.” According to JUVE, the firm’s competitors attest to its “role-model function” and to its “high level of expert competence.”
The over 200 rulings that TILP has obtained from the Federal Court of Justice (BGH), the Federal Administrative Court (BVerwG), and the Federal Constitutional Court (BVerfG) as the supreme courts in Germany, as well as from the European Court of Justice (ECJ), have significantly impacted investor rights in Germany. They include, for example, a 2006 ruling by the BGH in a case involving concealed “kickbacks” for financial investments, which the industry magazine FOCUS (11/2007) described as a “sensational judgment” and as a “milestone victory for investor and consumer protection.”
TILP has a proven track record of expertise and practical experience in litigating collective lawsuits domestically and abroad. In Germany, these particularly include the “model case proceedings” brought under the Capital Markets Model Case Act (KapMuG). When this Act was overhauled in 2012, the law firm’s founder, Andreas Tilp, served as one of the nine experts advising the Legal Affairs Committee of the Bundestag.
TILP’s track record with such collective actions is extensive. In October of 2014 and in December 2020, for example, TILP successfully represented a model-case plaintiff before the Federal Court of Justice in the “DT 3” case against Deutsche Telekom AG. In December of 2020, TILP prevailed before the Federal Court of Justice in a model case brought against Hypo Real Estate Holding AG (HRE). In February of 2021, the law firm was the first to obtain a model-case settlement under section 23 (2) of the Capital Markets Model Case Act, this being in the “AHBR/Corealcredit Bank” matter heard by the Higher Regional Court (OLG) of Frankfurt. TILP’s current roster of clients includes the plaintiff in the model case brought against Steinhoff International Holdings N.V. in connection with the eponymous accounting scandal. These proceedings before the Higher Regional Court (OLG) of Frankfurt currently are suspended to allow a settlement to be negotiated.
Given his many successes in cases of this type, the daily Frankfurter Allgemeine Zeitung has dubbed the firm’s founder, Andreas Tilp, as “expert for collective lawsuits” (December 11th, 2014) and as “Mister KapMuG” (September 18th, 2016).
Andreas Tilp — a brief portrait
From 2011 until 2018, Andreas Tilp served as Deputy Chairman of the Legislative Committee for Banking and Capital Markets Law established by the German Bar Association (DAV). He has been a proactive advocate for the interests of investors, appearing in hearings and roundtables conducted by the Bundestag and by the European Commission. He has served as expert advisor to the German government’s Commission on Corporate Governance and, on multiple occasions, to the Bundestag, namely in connection with legislation such as the Act to Improve Investor Protection and the Functioning of the Capital Market (AnsFuG), the Act Transposing the EU Directive on Alternative Investment Fund Managers (AIFM Directive), or the First Financial Markets Amendment Act (1. FiMaNoG). TILP is partner of the law firms TILP PLLC (New York, USA) and TILP Litigation Lda & Comandita (Madeira, Portugal), which specialize in the international representation of institutional investors and enterprises in matters relating to capital markets and anti-trust law.