Bitcoin is still somewhat of a mystery to many. But one firm has helped the electronic currency to become a little more transparent.
US firm Vedder Price, which has had a City base since 2011 , has advised on the launch of Digital Securities Exchange (DSX) – the first company in the UK to bring bitcoin trading into a secure regulated environment .
The move coincides with the launch of the first regulated bitcoin exchange on the other side of the pond, San Francisco-based Coinbase. As a result, the price of bitcoin surged dramatically overnight.
Meanwhile, the march of Asian investors onto the London real estate landscape continues. Following its acquisition of the Lloyd’s building last year, Chinese insurance giant Ping An has picked up the City’s Tower Place with advice from Mayer Brown. Goodwin Procter advised the vendor, Deutsche Asset & Wealth.
Also on TheLawyer.com:
- DLA Piper has begun to rebuild its depleted Asia practice , with the hire of a corporate partner from Gibson Dunn and a capital markets partner from Milbank
- The partner who manages Linklaters’ relationship with private equity house Carlyle Group in Asia has left to join White & Case
- Greenberg Traurig Maher has hired a corporate partner from Sidley Austin to bulk up its London team