Maxima Legal has been included in a shortlist for national rating agency Pravo.ru – 300

Maxim Ali - Partner

Editors from the Russian rating agency of law firms, Pravo.ru 300, has included Maxima Legal in its list of finalist in the nomination of ‘Digital Economy’. The winner will be determined by a vote amongst readers of the Pravo.ru website.

Maxima Legal took part in the special nomination with its case involving legal support for an ICO of financial blockchain platform Zodiaq. The Russian start-up was one of the first projects in the world to take place on the basis of a bank licence for operations with cryptocurrency, which enables it to legally undertake a number of financial operations with individuals and legal entities. The ICO, which planned to collect more than $104 million, took place in May 2018.

“The professional challenges of working with Zodiaq included the fast-changing legislation in this area and a large number of legal gaps related to the regulation of the market of cryptocurrencies and ICOs worldwide. In addition, given the wide transnational nature of the project, we had to take into account the legislation in a number of jurisdictions, including the Isle of Man, the Cayman Islands and the Comoros, the United Kingdom, the United States, Sweden, Finland and several other EU as well as southeast Asian countries”, commented the Head of IP/IT Department at Maxima Legal, Maxim Ali.

As the editors at Pravo.ru – 300 noted, law firms today are creating a legal environment for the new economic reality, which, according to the forecast of the IDC, by 2021 more than half of global GDP will be connected with digital technology. Maxima Legal congratulates colleagues from other law firms which have been included in the list of finalist and invites anyone wishing to help choose the winner to vote for the case of their choice on the following website: https://300.pravo.ru/special-awards/