FinTech Legal - Netherlands
What the team is known for
CMS primarily assists FinTech clients through its TMT and banking and finance departments. The firm advises on the regulatory aspects of tokens and other distributed ledger technology matters, digital identity and GDPR issues.
Strengths
"The best part with CMS is the service and the fact that they see us as a partner and are always willing to help and to be as responsive as possible. The answers we get from the team are always really comprehensive to provide the full picture."
"Files are handled with a great deal of expertise and skills. CMS is always available to us and lends a helping hand. Moreover, if our direct contact person is not available or not able to help, there is always a colleague available."
"CMS comprises genuine experts in tokenisation, they impressively demonstrated their proficiency in handling intricate and sophisticated questions."
Work highlights
CMS advised 2Tokens, a public/private initiative supported by government, tech companies and major banks, on its Token Roadmap for compliance with the new MiCA regulations.
Notable practitioners
Clair Wermers is a partner in the firm's corporate/M&A practice group. Her practice involves corporate and securities law matters, while she also often assists clients with financial regulatory advice. Wermers has particular expertise in handling security token offerings.
Tessa Penninks heads the firm's FinTech team in the Netherlands. Her clients include international banks, payment service providers and startups. She has particular expertise in regulatory matters, often advising clients on PSD2, IDD and anti-money laundering.
