Paul Schultess | Associate at Annerton

Dr. Paul Schultess



At Annerton’s Frankfurt office, Dr Paul Schultess advises institutions and companies on an ongoing basis on all regulatory issues. In particular, he regularly advises credit, financial services and payment institutions in all areas of the KWG, WpIG and WpHG, ZAG and GwG.

He also specialises in insurance and liability law. In addition to his work as a lawyer, he is a research assistant at the Frankfurt Institute for Insurance Law and a visiting professor at the Université Lumière Lyon 2.


  • Since 2023: Attorney-at-law, Annerton Rechtsanwaltsgesellschaft mbH
  • Since 2023: Visiting professor at the Université Lumière Lyon 2
  • 2022: Doctorate at the Rheinische Friedrich-Wilhelms-Universität Bonn
  • Since 2021: Research assistant at the Institute for Insurance Law, Johann Wolfgang Goethe University Frankfurt a. M.
  • 2021 – 2023: Legal clerkship at the Regional Court of Wiesbaden, including a stint at BaFin
  • 2019: Research stay at the University of St. Gallen
  • 2018 – 2021: Research assistant at the Chair of Civil Law, Commercial Law and Labour Law, RWTH Aachen University
  • 2012 – 2018: Studied law at the University of Cologne


  • Banking & banking supervisory law
  • Compliance
  • Financial Services Law
  • Money Laundering Law
  • Crypto & digitalisation
  • Insurance and liability law
  • Payment services supervisory law
  • Payment services law


  • Secondary Credit Market Act – Requirements for the Purchase, Sale and Servicing of Non-Performing Loans, Zeitschrift für Wirtschaftsrecht (ZIP), 2024, 490 (together with Awet Yohannes)
  • Original non-contractual negligence liability for pure financial losses, Mohr Siebeck (2024), XXXV + 556 pages
  • Limitation of the responsibility of an executive body by internal rules of responsibility in the management of a company, comment on BGH, Urt. v. 9 November 2023 – III ZR 105/22, Journal of Insurance Law (VersR) 2024, 490
  • Exclusion periods in payment services law, Recht der Zahlungsdienste (RdZ) 2024, 44 (together with Sebastian Glaab)
  • The EU Amending Directive in relation to financial services contracts concluded at a distance, Zeitschrift für Bank- und Kapitalmarktrecht (BKR) 2024, 81 (together with Anna Izzo-Wagner and Till Otto)
  • From Open Banking to Open Finance – the Draft EU Framework for Financial Data Access , Recht Digital (RDi) 2024, 11 (together with Anna Izzo-Wagner and Till Otto)
  • Export of humanitarian goods to Iran and payment processing, Zeitschrift für das Recht der Außenwirtschaft, Sanktionen und Auslandsinvestitionen (ZASA), 2023 361 (together with Alireza Siadat)
  • Direct claim against the liability insurer due to civil-law prospectus liability of the insolvent policyholder as legal protection against damages, comment on BGH, judgement of 15 February 2023 – IV. 15.2.2023 – IV ZR 212/21, Liability international – Law and Insurance (PHi) 2023, 157
  • Liability for investment in crypto assets in a relationship of courtesy, comment on OLG Frankfurt a.M., Urt. v. 19 April 2023 – 13 U 82/22, Journal for Banking and Capital Market Law (BKR) 2023, 460
  • ‘Public’ inspection of the transparency register, Betriebs-Berater (BB) 2023, 1609 (together with Sebastian Glaab)
  • Legal recourse in the event of a dispute over compliance with a notary’s MLA obligations, comment on BGH, decision of 14 November 2022 – NotZ 1/22, Betriebs-Berater (BB) 2023, 1235 (together with Sebastian Glaab)
  • Reclaiming account management fees after ineffective fictitious consent, comment on LG Trier, judgement of 25 November 2022 – 1 S 69/22, Journal for Commercial and Consumer Law (VuR) 2023, 141
  • Debit entry with claims of the account-holding institution as a payment transaction?, Wertpapiermitteilungen – Zeitschrift für Wirtschafts- und Bankrecht (WM) 2023 , 59
  • Common objections of credit institutions against repayment claims of their customers after ineffective fictitious consent, Neue Juristische Wochenschrift (NJW) 2022, 431
  • Assessment or (a little more) calculation of immaterial damages – what would be possible? in: Fuhrer/Kieser/Weber (eds.) Mehrspuriger Schadenausgleich – Des différentes voies menant à la réparation du dommage, Dike, Zurich 2022, 258-281 (together with Christian Huber)
  • Prerequisites for the liability of the court expert, comment on OLG Hamm, Urt. v. 12.1.2022 – 11 U 21/21, Journal for Insurance Law (VersR) 2022, 1592
  • Limitation of repayment claims due to ineffective premium adjustment in the event of disputed material effectiveness, Zeitschrift für Versicherungsrecht (VersR) 2021, 1555
  • Property protection in official liability, Journal of Insurance Law (VersR) 2019, 1331
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