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Latest Case

Providing strategic advice on expansion structures November 16, 2018

Founded in Bondi Beach in 2012, Bailey Nelson has rapidly grown into a global eyewear retailer and service provider with boutiques in Australia, London, Canada and New Zealand. The strong demand for their products and … Continued

Latest News

Maddocks advises one of the world’s largest duty free companies on Australian market entry January 23, 2019

Law firm Maddocks has advised global duty free company Lotte Duty Free Singapore Pte Ltd, on the aquisition of Australian duty free company JR Duty Free. Under the deal, Lotte Duty Free aquired 100% of … Continued

Latest Article

Bully no more – Fair Work Commission’s jurisdiction to hear Council anti-bullying application confirmed January 31, 2019

The Fair Work Commission has confirmed a Victorian local council is a ‘constitutionally-covered business’ and thus falls within the stop bullying jurisdiction of the Commission. The decision will have implications for larger Victorian councils regarding … Continued

Advising global cryptocurrency exchange operators on entry into Australian market

The rise in popularity and demand for cryptocurrency trading has resulted in a number of cryptocurrency exchange operators expanding into different countries, including Australia, to create a global brand.

In Australia, new laws and regulations were introduced in April this year to govern cryptocurrency exchange operators and establish a licensing regime for those businesses.

As well as that, certain overseas operators have been partnering with Australian companies and consultants to gain knowledge of the local cryptocurrency market, utilise their existing customer base and share the potential risks and rewards.

Maddocks has recently advised global cryptocurrency exchange operator, Huobi, on the corporate and regulatory aspects of its entry into the Australian market.

The Maddocks team in Melbourne, led by Ron SmookerMichael Zheng and Sean Field, advised Huobi on its joint venture arrangements with Blockchain Global and assisted in setting up its Australian cryptocurrency exchange business.

The team, which includes Karli Evans, Russell Wilson, Chris Charalambous, Steven Tang, Alex Musgrove and David Andrews, is continuing to advise Huobi on corporate governance, treasury and employment matters for its Australian operations.

Huobi is the third largest cryptocurrency exchange in the world by trading volume and launched their Australian cryptocurrency exchange, Huobi Australia, on 5 July 2018.

The rise in popularity and demand for cryptocurrency trading has resulted in a number of cryptocurrency exchange operators expanding into different countries, including Australia, to create a global brand.

In Australia, new laws and regulations were introduced in April this year to govern cryptocurrency exchange operators and establish a licensing regime for those businesses.

As well as that, certain overseas operators have been partnering with Australian companies and consultants to gain knowledge of the local cryptocurrency market, utilise their existing customer base and share the potential risks and rewards.

Maddocks has recently advised global cryptocurrency exchange operator, Huobi, on the corporate and regulatory aspects of its entry into the Australian market.

The Maddocks team in Melbourne, led by Ron SmookerMichael Zheng and Sean Field, advised Huobi on its joint venture arrangements with Blockchain Global and assisted in setting up its Australian cryptocurrency exchange business.

The team, which includes Karli Evans, Russell Wilson, Chris Charalambous, Steven Tang, Alex Musgrove and David Andrews, is continuing to advise Huobi on corporate governance, treasury and employment matters for its Australian operations.

Huobi is the third largest cryptocurrency exchange in the world by trading volume and launched their Australian cryptocurrency exchange, Huobi Australia, on 5 July 2018.