Smart-contract
Smart-contract – agreement, written in code, which automatically execute programmed functions in response to certain conditions being fulfilled.
Initial Coin Offering (ICO) is a method for raising capital to finance a project by selling crypto tokens.
Security Token Offering (STO) (or DSO – Digital Security Offering) is the latest approach to fundraising by means of issuing of financial securities in the form of crypto assets.
Initial Exchange Offering (IEO) is a crypto asset offering conducted on a crypto-asset exchange platform rather than the website of the project.
Token Generation Events (TGE) is an event where crypto assets are created, and may be proposed for offering and sale for project finance purposes.
In the current state of legal uncertainty legal support for the ICOs, STOs IEOs, and TGE is crucial for investor attraction.
Lex Futurus Group provides comprehensive legal support throughout the planning and execution of ICO, STO, IEO, DLT IPO, and TGE.
What is the most favorable jurisdiction for your project?
What rights are granted to a token-holder?
Is the token backed by some asset?
Is the token a security under the regulations?
Listing procedure
Collective investment
Howey test
Regulatory limitations
Licence procurement necessity
Tax residency
Controlled foreign corporations
Currency control
Regulatory requirements
Source of funds, source of wealth
High-risk corporates
Applicable regulatory requirements
Structure of issuer
Structure of corporate entity
01
Selection of the most favorable jurisdiction for ICO, STO (DSO), IEO and TGE.
02
Conducting a comprehensive token structure analysis to define its legal nature. Advising clients on the post-ICO, post-STO, post-IEO, and post-TGE legal status of their tokens.
03
Analyzing project’s token sales structure.
04
Drafting clear, comprehensive documents, including but not limited to private placement memoranda, investment agreements, token purchase agreement, and related documents.
05
Writing or reviewing the token’s white paper and conducting its legal analysis for compliance with legislation and regulation.
06
Consulting on tax regulations, monetary legislation, securities and commodities legislation, consumer-protection and money-transmitter laws, anti-money laundering and countering of financing of terrorism legislation.
07
License procurement and maintenance of procedures for license procurement and obtaining special permissions and authorizations.
08
Developing «compliance» policies, including Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, to minimize/obliterate the risk of violation of legislation and supporting clients in implementation of these policies.
09
Conducting a detailed legal analysis or support at each stage of application development.
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10
Conducting a detailed legal risk assessment of the project.
11
Maintaining a cutting-edge understanding of new developments in applicable legislation.
12
Including but not limited to representation before the state organs and court systems.
Smart-contract – agreement, written in code, which automatically execute programmed functions in response to certain conditions being fulfilled.
There is a widespread perception that smart-contracts will facilitate removal of intermediaries, including lawyers. However, we strongly believe that it is not true. Any business which is going to develop smart contract application will inevitably face a huge number of challenges including, but not limited to:
The list is non-exhaustible and proves that support of experienced legal counsel is crucial at each stage of the application development.
At Lex Futurus Group we are ready to provide you with the highest quality advice and ensure accurate, secure and unambiguous implementation of your smart contract application.
Apart from helping you to answer all questions above, our services include:
We do have qualified specialists to be involved in the development of a smart contract on the blockchain or any other distributed ledger, who will be working side by side with our top-tier lawyers in order to develop technically correct, legally binding smart contract for your business.
There were securities market fraud cases associated with Initial Coin Offerings (ICOs), which later brought more improved and compliant alternatives like Security Token Offering (STO) and Initial Exchange Offering(IEO). Though the cryptospace has become relatively more safe and sane compared to the ICO high era, investor protection remains paramount in a largely unregulated space which regulators the world over struggle to understand and thus regulate.
We will conduct a full due diligence including, but not limited to evaluation of:
We understand the invidious position you find yourself in. The decision as to whether to write off fraud losses or to invest in the legal team to assist you is very hard, and the answer will depend on the specific circumstances of each case.
We will evaluate your case and help you determine the most effective course of action, and represent you before a court of competent jurisdiction.
Nowadays any business entity or individual is susceptible to the risks of cyberattacks and data loss. Moreover, taking into account the General Data Protection Regulation (‘GDPR’) recently adopted by the European Union, application of blockchain or DLT may face a number of challenges.
At Lex Futurus Group we are ready to offer qualified guidance for clients affected by relevant data protection regulations, including the GDPR. Our services include, but not limited to: