Of all the areas of law, Fintech law, it could be said, is in its infancy.
This is one of the many reasons you should have a Fintech lawyer advising you on all the latest legal developments in Fintech law.
In this blog post I will cover some of the key areas of Fintech and some of the commonest questions that are asked.
There are many areas that a Fintech lawyer will cover, such as managing data, Cryptocurrencies and Blockchain technology
A Fintech lawyer can help you bridge the gap between rapidly evolving technologies and your legal obligations. The fact is, Fintech is revolutionizing the way companies and people do business and, whilst this rapidly shifting environment, presents many opportunities- It also presents many obstacles in attempting to adhere to your Fintech legal obligations.
Let’s look at some more FAQs.
There are many areas where a Fintech lawyer will employ their professional skill sets. A fintech lawyer could help to arrange loans or help to finance the purchase of other businesses.
Fintech lawyers will also give legal advice in relation to traditional corporate cases and also manage legal requirements in new technologies such as Blockchain and Cryptocurrencies.
Ultimately, a fintech lawyer will shed light on the rights and obligations that people and businesses working within the sector must abide by. A fintech lawyer will also be able to represent you in the courts.
Fintech laws are the regulatory system which governs the multi-trillion dollar financial technologies sector.
There is a vast amount of Fintech laws and regulatory bodies that companies need to abide by.
Some areas that Fintech lawyers will cover include Emoney licenses, VASP registration, MIFID licenses, and many more.
Fintech flourishes in Ireland because Ireland is in a unique position whereby we have access to the European market, whilst at the same time offering competitive advantages in areas like tax and access to a highly educated English-speaking workforce.
Whilst It has been well documented that Ireland has become a financial services hub, this comes with obligations that must be adhered to.
If companies want all of their Fintech legal obligations to be met, they should have some of the top fintech law firms working on their behalf.
Another key reason Fintech legal flourishes in Ireland is because of the world class legal representation that is on offer.
Yes and No.
Fintech is legal as long as it abides by the rules and regulations that are laid down.
Companies must comply with all of their legal obligations. This is one of the many reasons it’s absolutely vital that companies have the best Fintech law firms representing them.
Not meeting your Fintech legal obligations could prove a very costly mistake, with the revenue and many other regulatory bodies banging on your door.
One way you can avoid these issues is by hiring a fintech lawyer.
So what should you look for in a Fintech lawyer?
A top Fintech lawyer will have established a reputation for excellence within the Fintech community.
A Fintech lawyer will understand the unique and complex issues that clients will face and will endeavour to deliver innovative results that will solve problems.
So what key areas are we talking about?
The best Fintech lawyers should have expertise in a diverse array of areas, including regulatory, IP, tax, data protection, compliance, crypto currencies and blockchain.
Hire specialist fintech law firms.
Seek to hire specialist Fintech law firms who are at the forefront of the Fintech revolution.
Many of these law firms will have extensive experience working within the corporate sector and will transfer their skills to the ever evolving world of Fintech,
Not only will these law firms be able to assist companies with traditional queries, they also will offer innovative solutions to modern Fintech problems.
Is there anything else you should look out for?
A top Fintech lawyer will work as part of a team. The fact is, Fintech law is the bringing together of distinct skill sets.
A Fintech lawyer should have a team of experts who are skilled in the areas of financial regulation, data and IT. These niche industry insights will allow them to develop custom made solutions so that they meet all of your Fintech needs.
The reality is, top Fintech lawyers will understand that Fintech law can be a very complex matter.
Areas such as blockchain, data analytics, and AI can present many problems and these are some of the many reasons a Fintech lawyer will need a specialist team working with him/her.
Ok, I’ve read and enough, so where will I find a top Fintech solicitor in Ireland?
CGsolicitors is a specialist Fintech law firm who has acted for clients in Fintech transactions throughout Ireland and the world. We have acted for clients in Fintech in Dublin, London, and throughout Europe and the world.
Once you book a consultation with us, we will devise a custom-made strategy to ensure that all Fintech needs are completed in as seamless a fashion as possible. Please contact us on 01 234 0044 or email us at firstname.lastname@example.org for more information.
Please check out our Naas solicitors blog.