Canadian Law Firm Creates Crypto Legal Teambr>
Multinational law firm Gowling WLG has created a legal team dedicated to blockchain and cryptocurrencies.
Gowling WLG was formed by the merger of Canada-based Gowlings and UK-based Wragge Lawrence Graham & Co in February 2016, in the first multinational law firm merger co-led by a Canadian firm.
Gowling WLG is a founding partner and co-founding member of the Blockchain Research Institute, a multi-million dollar knowledge network led by Don and Alex Tapscott that studies the strategic implications of blockchain alongside the Bank of Canada, Nasdaq, the TMX Group, IBM, KPMG, Bell Canada and others.
Gowling WLG is currently writing a legal guide, The Law of Blockchain Technology, which is scheduled to be published by Thomson Reuters in 2018.
The new legal team called Blockchain & Smart Contracts Group includes lawyers with expertise in several areas, including capital markets, intellectual property, litigation, and tax. The group will focus on blockchain-related applications, such as initial coin offerings (ICO), smart contracts, cryptocurrency exchanges, digital wallets, and the associated legal and regulatory issues in these emerging areas.
“More and more, our clients are recognizing the unprecedented opportunities for innovation and growth offered by blockchain technology,” said Usman Sheikh, Gowling WLG partner and head of the firm’s Blockchain & Smart Contracts Group in Canada. “However, as the regulatory space surrounding blockchain continues to mature, legal obstacles can make it difficult to fully embrace the benefits of the technology. We’ve leveraged our sophisticated understanding of both the technology and the surrounding legal context to help numerous clients navigate this complex area. We look forward to building on that reputation by continuing to advise businesses, institutions and other organizations on their blockchain strategies.”