FinTech

Von Wobeser y Sierra, S.C. is a full-fledged participant in the revolution in the application of new technologies to financial services. From its already consolidated and select group of partners and associates that offers the highest quality banking and financial legal services, VWyS has developed a team of global, multidisciplinary experts to provide services to both financial institutions and FinTech innovators, to walk with them in the process of developing new businesses within the new legal framework or to adjust to it.

VWyS is currently providing legal advice to Mexican and foreign companies, some of them startups, in different sectors within the FinTech ecosystem, such as e-commerce, crowdfunding, peer-to-peer lending and cryptocurrencies, among others.

The FinTech practice draws upon the Firm’s extensive experience in capital markets, data security and privacy, corporate transactions, financial regulations, intellectual property and technology to help clients invest in, fund, develop and market the innovative services and products that are revolutionizing the financial services and technology industries.

This is in addition to the Firm’s broad experience in providing legal services to financial institutions and other companies at all stages of all types of financial and banking transactions, such as fixed asset and working capital loans and leveraged, secured, unsecured and syndicated loans.

Our strengths include planning, negotiating and structuring all types of financial operations, as well as providing long-term assessment to our clients. We go beyond the transaction level and walk with our clients through the whole life cycle of their businesses.

As part of the journey with each client and the commitment the firm acquires with each of them, we advise FinTech companies and financial institutions on the authorization process, as well as their incorporation, organization and operation in Mexico, including, when necessary, planning and negotiating credit and debt restructuring.

Our clients expect, and we provide, legal support in structuring transactions in order to achieve their financial goals by maximizing and perfecting the strategies pursued. This unique business perspective gives us a comparative advantage and ensures the fidelity of our clients.

Furthermore, our team also regularly advises clients on corporate activities such as major commercial contracts, joint ventures, joint acquisitions, corporate structure designing, tax planning, regulatory compliance, licensing and distribution agreements, among others. This allows us to expertly advise our clients on their international business strategies that include investment and expansion into Mexico.

Von Wobeser y Sierra has outstanding teams in competition and antitrust, litigation and arbitration, labor, tax and international trade and customs, among other areas. This unique combination has been tailored over the past +30 years by delivering extraordinary results to our clients.

Landmark Cases

•International Peer-to-Peer Lending Platform with a unique formula that distinguishes them from their competitors. It currently operates in the Europe and several countries in Latin America and will soon start operations in Mexico. VWyS is providing legal assistance in all regulation and corporate related issues to comply with the existing laws and in order to get registration as a Technological Finance Institution before the financial authorities.

•Payment service provider based in Europe which operates in other countries in Latin America and Mexico.

Since the very beginning, VWYS has provided, as local counsel, legal assistance with the study of the legal viability diligence and strategy to operate its business in Mexico, as well as with the structuring of the legal vehicle to do so, including all regulatory, corporate matters and operative issues that aroused.

•Foreign currency exchange willing to enter the Mexican market.

In this new expansion plan, VWyS is currently advising as local counsel in the analysis and design of a strategy to enter the Mexican market in order to provide several financial services. This includes both traditional banking and financial regulation and FinTech regulation.

•Leading payment technology and services provider, offering an array of innovative, reliable and secure payment solutions to merchants, ranging from small and mid-size enterprises to multinational companies and organizations across 50 markets and 105+ currencies around the world. The company is among the largest fully integrated merchant acquirers and payment processors in the world. In the past years, the company successfully completed the purchase of a significant merchant acquiring business in Mexico and entered into a 10-year strategic marketing alliance and exclusive referral agreement with a major bank in Mexico.

Since 2015, VWyS has been advising the client on regulatory matters, as well as matters related with the merchant acquiring business and the Mexican dispositions applicable to the Acquirers, the Payment Network and the Clearing System Rules. VWyS also counseled the client in filling and obtaining its registration as a Non-Bank Acquirer before the National Banking and Securities Commission (CNBV) and the Mexican Central Bank (Banxico).

•VWYS provided legal assistance and advice to a Delaware corporation in respect of relevant legal matters for its offering and sale in Mexico of rights to receive certain digital tokens, as part of a multinational offering.

•US-based company seeking to enter the Mexican market that provides several financial services, being the best known the real-time gross settlement system and remittance network based on blockchain technologies.

•Europe-based FinTech company seeking to enter the Mexican market that provides several banking services, being the best known the pre-paid debit cards, currency exchange and cryptocurrency exchange.

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