Firm / Organisation

Sullivan & Cromwell LLP

This content is provided by Sullivan & Cromwell LLP.

Chairman: Joseph C Shenker
Senior Chairman: H Rodgin Cohen
Number of employees: 875 

Firm Overview:
Sullivan & Cromwell LLP provides the highest quality legal advice and representation to clients worldwide. The firm’s record of success and unparalleled client service has set it apart for 140 years and made the firm a model for the modern practice of law. S&C comprises approximately 875 lawyers who conduct a seamless, global practice through a network of 13 offices located in key financial centres in Asia, Australia, Europe and the United States.

Core Verticals:
Payments & Money Transfer
Blockchain & Cryptocurrencies
Asset Management
Marketplace Lending
Digital Banking
Clearing Houses
Settlement Systems
Institutional & Capital Markets
InsurTech

Services:
S&C’s FinTech practice addresses the intersection between financial services and technological innovation. The firm has represented a wide array of clients on a variety of matters involving both traditional FinTech – including payment processing, clearance and settlement and other back and middle office areas of financial services businesses that underpin financial systems – and emerging FinTech – focusing on the use of software to provide financial services in both incremental and disruptive modalities and including a variety of start-up firms.

The firm has recently represented a variety of clients, including:
■ American Express, Barclays, JPMorgan, Regions and others with regards to their investments in, acquisitions of, and relationships with FinTech companies
■ American International Group in its joint venture with Hamilton Insurance Group and Two Sigma Investments affiliates to establish Attune, a technology-enabled, customer-centric insurance platform for the Small to Medium-sized Enterprise market
■ Baton Systems on regulatory and compliance matters with regards to their use of distributed ledger technology to enable financial services companies to clear and settle financial assets and currencies in real time
■ Bitmain in its partnership with and strategic investment in Circle
■ BMO in its acquisition of Moneris
■ ConsenSys with regards to the treatment of different types of tokens under securities laws, as well as other matters relating to the potential regulation, and self-regulation, of transactions involving tokens
■ Digital Asset Holdings with a range of regulatory, transactional and organisational/corporate advice related to the development of their blockchain-based software-as-a-service solutions
■ DRW Trading Group on digital currency trading matters, which have involved questions surrounding regulatory compliance, cryptocurrencies, capital markets and intellectual property issues
■ Gemini Trust Company in regulatory and structuring issues related to the development of additional trading platforms and Bitcoin-related financial products and services
■ Goldman Sachs in its:
   ■ acquisition of Clarity Money
   ■ development of GS Select
   ■ acquisition of a controlling interest in FinanceIt
   ■ Investment Management Division’s acquisition of Honest Dollar
■ SALT Lending on regulatory matters and in connection with the development of its platform, through which customers will be able to use cryptocurrencies as collateral for loans
■ State Street in its acquisition of Charles River Development
■ Varo Money in its conditional preliminary approval to become a federally licensed bank, the first FinTech company to submit an application

Recent Highlights & Awards:
■ 'Financial Services Regulatory Law Firm of the Year', IFLR Americas Awards, 2018
■ 'Law Firm of the Year in Banking & Finance', Best Lawyers, 2018
■ 'Lawyer of the Year in Banking & Finance', Mitch Eitel, Best Lawyers, 2018
■ 'Law Firm of the Year in Financial Services Regulation', Best Lawyers, 2017

Firm Contacts:
Contact:
Mitchell S. Eitel
Tel: +212 558 4000
Fax: +212 558 3588
Email: [email protected]
Contact: Rebecca J. Simmons
Tel: +212 558 3175
Fax: +212 558 3588
Email: [email protected]
Contact: C. Andrew Gerlach
Tel: +212 558 4789
Fax: +212 291 9299
Email: [email protected]

Contributions

Total 2 contributions

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Matthew Hurd, Melissa Sawyer, Scott Crofton

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