With experience spanning the full range of domestic and international rail matters, the lawyers in our market-leading rail practice are skilled at handling substantial rail matters around the world. Our legal knowledge encompasses every aspect of the rail industry, allowing us to provide our clients with commercial, pragmatic and innovative advice and support.

"Market-leading group for international lenders in asset finance transactions." Chambers Europe, 2021

Our clients include train operating companies, state-owned rail entities, rolling stock owning companies (ROSCOs), banks, development contractors and financiers, lessors, rolling stock manufacturers, depot operators, local authorities, governments and regulatory bodies. We can chart our experience back to the privatization of the rail sector in the 1990s, continuing to expand our practice to handle significant rail matters around the world.

The global rail industry continues to evolve. Infrastructure investment is set to grow in line with increasing demand for railway services, bringing with it new challenges and opportunities for all participants in the sector. Our in-depth industry knowledge and experience gained from all sides of rail transactions is enabling us to support our clients throughout this evolution.

Our areas of work include

  • Asset and lease financing, project finance, capital markets, structured finance, commodity finance and securitization
  • Corporate finance, M&A and privatization
  • Employment and labor, including benefits and pensions
  • Environmental law
  • Franchising and concessions
  • Health and safety
  • High speed rail
  • Infrastructure (including track, signaling and airport links), procurement, construction and finance
  • Intellectual property, ticketing and technology and digital railway
  • Light rail, trams, underground and metro projects
  • Litigation and disputes
  • PFI/PPP/P3
  • Procurement law, competition law and rail regulation, including EU law, public law, anti-competition and state aid
  • Rail regulatory advice
  • Real estate, including urban development and planning
  • Rolling stock procurement, acquisition, supply, financing, leasing, maintenance and refurbishment
  • Station and depot procurement, construction, financing and access
  • Tax
  • Track, station and depot access and financing
  • Traffic management systems
  • Urban development 

Market recognitions

  • Chambers Europe, Germany: Transportation: Rail and Aviation Asset Finance (Band 1), Chambers and Partners, 2021
  • JUVE Rechtsmarkt, Regulierte Industrien – Verkehrssektor: Finanzierung, 2020/2021


A light shining on two rail tracks coming together


Transport perspective



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