Blockchain and distributed ledger technology
Data & privacy
Simon is one of the lead partners in Gilbert + Tobin’s fintech, digital and emerging technology practice, being one of the few true legal experts in blockchain and distributed ledger technology in the Australian market. He is also a partner in G+T’s Technology + Digital practice.
Simon has worked on some of the financial services industry’s most strategic, novel and game changing IT and data transactions, including advising the ASX on its world leading replacement of its clearing and settlement system with a DLT / blockchain platform, Westpac strategic financial technology and data platforms and a number of FinTech start-ups in relation to establishment of their business in Australia and their key strategic partnership arrangements.
Simon’s practice is at the cutting edge of technology transactions for financial services, assisting clients develop and deploy new technologies in increasingly complex ecosystems and regulatory environments. Simon regularly advises clients in relation to:
•new digital, integrated payments systems (which is a highly specialised field);
•adoption of AI and robotics solutions and platforms; and
•data analytics platforms.
Australian Stock Exchange
Australian Stock Exchange (ASX) on the replacement of its CHESS (Clearing House Electronic Sub-register System) system with a distributed ledger based (DLT / blockchain) platform. This transaction is the world’s first enterprise grade implementation of distributed ledger technology for critical infrastructure and is being closely watched by many industries around the world.
Westpac on its payments services products and capabilities, including arrangements with mx51 for integrated payment solutions and Westpac’s “Presto” product, ApplePay, Linkly for integrated EFTPOS solutions; and on Westpac’s participation in a joint venture to manage the development and implementation of a blockchain-based platform for the streamlined trading of bank guarantees, including Westpac’s interests in a technology services arrangement between the joint venture company and IBM as the prime technology supplier, and the ancillary agreements governing its use of the platform, associated data and information security matters.
Xinja on a range of financial services regulatory and commercial matters in relation to its establishment as one of Australia’s first digital only neobanks.
A leading payment services provider on its global strategic services and alliance arrangements.
A leading Australian corporate in relation to new payment products and wallet solutions.