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Portrait of Axel Funk

Dr. Axel Funk

Partner
Rechtsanwalt

CMS Hasche Sigle
Schoettlestraße 8
70597 Stuttgart
Germany
Languages German, English

Axel Funk is an expert when it comes to drafting and negotiating contracts, in particular in the context of special projects and outsourcing transactions. He also advises on all aspects of software development and distribution law. His practice furthermore includes work in the e-commerce, IT compliance and data protection sectors and he is also an experienced litigator, regularly representing clients in IT disputes. Large as well as medium-sized companies rely on his comprehensive IT and sector know-how.

From 1996 to 1997, he gained international experience during a one-year secondment with Glass McCullough Sherrill & Harrold, LLP in Atlanta/Georgia, and in 1992/93 he worked for the patent law boutique AJ Park in Wellington, New Zealand. From 1990 to 1994, Axel was also a research assistant at the Max Planck Institute for Foreign and International Patent, Copyright and Competition Law in Munich, and he now teaches IT, internet and media law at Stuttgart Media University alongside his legal practice.

He is practicing law since in 1994 and became a partner with CMS in 2000.

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"professionally outstanding, highly experienced and cooperative", "good lawyer", competitors

JUVE German Commercial Law Firms 2021 (GCLF)

"Recommended" for Information Technology

JUVE German Commercial Law Firms 2021 (GCLF)

Listed for technology law

Deutschlands beste Anwälte 2020 - Handelsblatt in Kooperation mit Best Lawyers

Relevant experience


  • Drafting and negotiating a comprehensive IT outsourcing contract for a major German bank
  • Advising a major provider of telecom services and negotiating the largest IT purchasing contract within the client’s group
  • Advising a southern German regional stock exchange on the outsourcing of numerous services, in particular IT outsourcing of the trading platform and drafting all related contracts
  • Advising Sparkassen-Finanzgruppe on the introduction of the new "paydirekt" online payment system
  • Advising AXA Lebensversicherungs AG on negotiating and drafting a high-volume contract in relation to the introduction of a new IT platform
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Education


  • Comparative law dissertation, analysing a trademark law topic
  • Law studies at the Universities of Augsburg, Tübingen and Munich
  • Trained as a banker with Deutsche Bank AG in Frankfurt/Main
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Memberships


  • Member of the board of the German Association of Law and Informatics (DGRI)
  • Head of the special interest group for IT law of Baden-Württemberg: Connected e.V. (bwcon), a business initiative promoting the high-tech sectors in the federal state of Baden-Württemberg
  • Civil law committee of the German Bar Association
  • Chairman of the examination board for the specialist lawyer training in IT law in Stuttgart
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Publications


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01/02/2021
CMS ad­vises PE in­vestor De­meter on in­vest­ment in soft­ware firm Cuc­u­lus
Stut­tgart – De­meter, a ma­jor European private equity in­vestor in the sus­tain­ab­il­ity seg­ment, has in­ves­ted in Cuc­u­lus GmbH, a lead­er in the de­vel­op­ment of soft­ware solu­tions for crit­ic­al in­fra­struc­ture...
20/01/2021
CMS ad­vises NORD/LB on re­or­gan­isa­tion of man­age­ment and con­trol
Ham­burg – NORD/LB is re­or­gan­ising its IT and pro­cess ar­chi­tec­ture to cre­ate a new man­age­ment and con­trol sys­tem. The pro­ject brings to­geth­er the rel­ev­ant core dis­cip­lines (re­port­ing, ac­count­ing, fin­an­cial...
04/12/2020
CMS ad­vises ter­ranets bw on ac­quis­i­tion of Gas-Uni­on Trans­port
Stut­tgart – ter­ranets bw GmbH has ac­quired re­gion­al gas trans­mis­sion op­er­at­or Gas-Uni­on Trans­port GmbH. This move will al­low ter­ranets bw to ex­pand its trans­mis­sion net­work from south­ern Ger­many to...
24 October 2019
Busi­ness now feel­ing the ef­fects of GDPR in M&A trans­ac­tions
Auto­mot­ive, health­care and fin­an­cial ser­vices are prime ex­amples of sec­tors that are un­der­go­ing rap­id di­git­al change. This trans­form­a­tion in the di­git­al en­vir­on­ment is caus­ing busi­ness mod­els to be rad­ic­ally...
23/08/2019
CMS ad­vises fash­ion and life­style com­pany Bre­uninger on award­ing centre...
Stut­tgart – E. Bre­uninger GmbH & Co. has awar­ded new man­age­ment con­tracts for the Bre­uninger­Land malls in Sindelfin­gen and Lud­wigs­burg. Uni­bail-Rodamco-West­field will take over man­age­ment of the prop­er­ties...
19/08/2019
CMS ad­vises Magen­wirth Group on sale of com­pan­ies and joint ven­ture form­a­tion
Stut­tgart – Robert Bosch GmbH has ac­quired a 50% stake in the MAGURA Bike Parts Group. The lat­ter mainly com­prises Magura Bike Parts GmbH & Co. KG and its gen­er­al part­ner, Magura GmbH, which own sev­er­al...
07/08/2019
CMS sup­ports the Holtzbrinck Pub­lish­ing Group in the sale of the on­line...
Stut­tgart – The Holtzbrinck Pub­lish­ing Group has re­cently sold its shares in the on­line portal Net­Dok­t­or.de to Hubert Burda Me­dia. Through agreeance of the parties, it has been de­cided to keep de­tails...
31 July 2019
M&A and GDPR: an­nounced GBP 99 m hotel chain fine high­lights due di­li­gence...
A year since the im­ple­ment­a­tion of the GDPR, de­cisions were handed down in the UK and Ger­many re­veal­ing how the reg­u­la­tion has a dir­ect im­pact on M&A trans­ac­tions. In one rul­ing, the Su­per­vis­ory Au­thor­ity...
18 July 2019
Ger­many's data pro­tec­tion au­thor­it­ies hand down a de­cision on M&A and GDPR
De­cision of the DSK In its re­cent de­cision, the DSK iden­ti­fies the fol­low­ing case groups to provide guid­ance when deal­ing with data in the con­text of an as­set deal: Cus­tom­er data for act­ive...
14/09/2018
CMS ad­vises share­hold­ers in as­sist­ance sys­tems de­veloper Sem­Vox on sale...
Stut­tgart – The share­hold­ers in Sem­Vox GmbH have signed an agree­ment on the sale of 82% of their shares in the com­pany to par­agon GmbH & Co. KGaA. Ac­quir­ing Sem­Vox GmbH gives par­agon GmbH & Co. KGaA...
02 May 2018
Ready for GDPR? Last-Minute Steps | Q&A
With GDPR com­ing in­to ef­fect, the European Data Pro­tec­tion Law is ex­per­i­en­cing a paradigm shift. Some ma­jor changes as­so­ci­ated with the reg­u­la­tion are:Ob­lig­a­tion to des­ig­nate a data pro­tec­tion of­ficer­Ob­lig­a­tion...
30/08/2017
CMS ad­vises Com­merzbank AG on ter­min­at­ing in­stal­ment loan joint ven­ture...
Frank­furt am Main – Com­merzbank AG has ter­min­ated its joint ven­ture with French bank BNP Pari­bas in the in­stal­ment loan mar­ket. In­stal­ment loans are such an im­port­ant growth area that the bank wishes...