Image of Michal Hlásek

Michal Hlásek

Partner, Frankfurt

“I am an English law-qualified banking lawyer based in Germany advising on a wide range of cross-border banking and finance deals with a particular focus on transactions in German-speaking countries and emerging markets. I am multi-lingual and able to assist clients in bringing these transactions to a successful close despite legal, cultural and practical differences in the relevant markets. I am innovative in developing transaction structures that protect clients’ best interests.”


Professional experience

Education and qualifications


Michal is an experienced banking and finance lawyer advising lenders and borrowers in cross-border acquisition finance, corporate finance, leveraged finance, trade finance, infrastructure finance, refinancing and restructuring transactions. He has particular expertise in banking and finance transactions supported by Export Credit Agencies (ECAs), including those involving the German ECA, Euler Hermes.

Michal is a core member of the firm’s DACH desk/group advising on deals in the German-speaking countries of Germany, Austria and Switzerland as well as in the emerging markets. 

Before joining Linklaters in 2003, Michal was Senior Associate in the banking practice of Mallesons Stephen Jaques in Sydney. Prior to transferring as a partner to Germany in 2010, he was based in the firm’s London banking practice for seven years.

Michal also spent time on secondment with Credit Suisse in London in 2005, where he advised on leveraged buyouts in the bank’s Financial Sponsors Coverage Group. 

At the beginning of his career Michal was the first general counsel of Citibank in Prague between 1993 and 1997, leading the development of an in-house legal function in a new market. In 1997 he relocated to Sydney, Australia and continued working as in-house counsel for Citibank between 1997 and 1999 whilst studying at the University of New South Wales.

Work highlights

Michal has acted on a wide range of complex banking and finance transactions. Relevant highlights include advising:

  • coordinators and a large syndicate of lenders on a €8bn multi-currency revolving credit facility to a premium German automobile manufacturer to refinance its existing 2011 revolving credit facility
  • Tank & Rast on the senior secured credit facilities and associated hedging transactions in connection with the complete refinancing of its existing senior and junior credit facilities, subsequent repricing and equity owners on its sale to Allianz led consortium
  • the equity consortium on the financing of the acquisition of Open Grid Europe from E.ON, the subsequent refinancing through the establishment of the EMTN programme and a new revolving credit facility for Vier Gas Transport and the establishment of the European Commercial Paper Programme
  • Almatis on its restructuring, inter alia, through Chapter 11 proceedings under US law, and the exit financing as well as the subsequent refinancing of Almatis following the acquisition by OYAK
  • Bank of China as Agent and Arranger in relation to a €199m unsecured term loan facility for Independent Power Transmission Operator, (ADMIE in Greek), the operator of the national electricity transmission system of Greece

Professional experience

Michal is a regular presenter at both Linklaters own and externally-sponsored events, He regularly speaks at the industry conferences, such as the Loan Markets Association events in London, Frankfurt, Munich, Vienna and Prague.

He is rated as one of the leading individuals in Banking & Finance (Chambers, 2018).

Education and qualifications

Michal studied law at Charles University in Prague, at the University of Passau in Germany and at the University of New South Wales in Sydney. He holds a doctorate in law (Ph.D.) from Charles University.

He speaks English, German, Slovak, Russian, Polish and Czech (native).