rail.reg collects short, practice-oriented notes on the regulatory and legal framework for rolling-stock financing in Germany — the public transport authorities that drive SPNV procurement, the regulatory and state-aid rules that frame the deal, and the contract and asset-level mechanics that make it work. They are written as a personal working document — a way of mapping a moving target in a form that is useful for quick reference.

The author

Portrait of Dr. Thomas Prüm

Dr. Thomas Prüm, LL.M. (NYU) is an attorney-at-law (Rechtsanwalt) and partner at Bryan Cave Leighton Paisner LLP in Frankfurt. His work focuses on structured finance, asset finance and financial-services regulation, with a particular interest in rolling-stock transactions and the regulatory framework for German SPNV.

Full professional profile →

Editorial approach

Each topic page follows a consistent pattern: a short framing at the top and concise sections on the underlying legal mechanics. The aim is to be precise without being exhaustive — the RegG, Regulation 1370/2007, the ERegG, the TSIs and the ECM regime, and the evolving guidance of the Bundesnetzagentur and the Eisenbahn-Bundesamt remain the authoritative sources.

Where there is a live policy debate — for example on capacity allocation, the next round of state-aid guidelines for the rail sector, or residual-value risk under the next TSI cycle — these notes try to flag the state of play rather than to predict its outcome.

The site intentionally does not cover specific transaction structures and it is not a generic European rail-regulation site. For sector-policy coverage of German SPNV, readers may consult schienennahverkehr.de.

Contact

For corrections, substantive feedback or questions about a specific note, please write to admin@railreg.de.

Important. The notes on this website are personal, do not constitute legal advice, do not reflect the views of Bryan Cave Leighton Paisner LLP or any of its clients and do not create an attorney-client relationship. For legal advice on a specific transaction, please consult your own counsel. The full legal notice is available on the Disclaimer page.