International consulting company, a part of the Lion Alliance investment group, with a team of professional lawyers. Our specialists are strictly selected and provide a full range of services: from registering companies and opening bank accounts to conducting audits and taking the business to the international level. We work in the Caribbean, Europe, the Middle East, Africa and Asia.
Key Persons of SPS Legal
The team of experts at SPS Legal has unique experience in fintech, cryptocurrencies and blockchain technology, international tax planning, sanctions regulation, bank compliance, international trade, intellectual property with experience of supporting gamedev, banks, payment systems, investment funds and crypto exchanges.
Head of the Hong Kong office of the licensed incorporator Leo United. Long time manager of payment systems. Expert in the field of incorporation and reporting of financial institutions.
Senior lawyer, Sanctions and Compliance
International lawyer in the sphere of banking, FinTech, cross-border payments, support of projects on Mastecard, VISA and UnionPay products implementation.
Lawyer Company formation
Specializes in supporting registration of legal entities in Hong Kong, the UK and a number of other jurisdictions.
Lawyer Dispute resolution and Mediation
A qualified mediator and litigator. Specializes in claims and litigation work.
Junior lawyer London office
Specializes in registration and support in corporate law matters in England and Wales
News, articles, press
Journalist, specializes in writing reviews on legal and financial topics.
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INTERESTING CASES FROM OUR PRACTICE
Legal support for a cryptocurrency exchange from obtaining a license to preparing user documentation.
Advising a payment system from Hong Kong on the implementation of internal compliance mechanisms, preparation of client agreements and internal documentation. Dispute resolution in Hong Kong and other countries
Contract support for the creation of NFT paintings for the Tretyakov Gallery
The specialists of SPS Legal assisted in creating non-interchangeable tokens (NFT) based on a digital copy of paintings from the Tretyakov Gallery's collection. Specifically, the lawyers prepared an art licensing agreement between the museum and the British NFTLab platform. As part of the agreement:
- the paintings were insured against possible harm in the creation of their digital unique copy; - the amount of commission the gallery receives from the sale of NFT paintings was established; - work was done to identify legal risks in the contract; - regulated promotional activities consistent with the museum's reputation; - the ways of paying taxes on the sale of digital copies of paintings have been established; - guarantees, compensation in case of damage, and the right of ownership are enshrined.
For example, in early 2022 the Tretyakov Gallery in partnership with NFTLab created a unique token for Mikhail Vrubel's painting "The Demon (sitting)" for 4.79 ETH (about $14 thousand). The Russian museum presented this NFT-painting to the American performer Justin Bieber. A total of 36 digital copies of works of art from the collection of the gallery were placed at the NFT-Auction. The most expensive of the collection was the NFT-token for a painting by Ivan Argunov "Portrait of an Unknown Woman in Russian Costume" for almost 45 ETH (about $124 thousand).
Enforcement of the award of the International Commercial Arbitration Court - 2020 Support of a case before the International Commercial Arbitration Court (ICAC). Represented defendant contractor in a dispute with a British company, based on a construction contract. The plaintiff claimed, based on Articles 450, 715 and 103 of the Russian Civil Code, that the contract should be terminated due to non-performance by the defendant of its obligations under the contract, and recover the advance payments made by the plaintiff. The contractor argued that the work was performed on time, there were no grounds for withdrawal from the contract.
In this case, the specialists of SPS Legal: - prepared the defendant's position; - Represented the interests of the Russian organization in the court of arbitration; - assisted in the collection of evidence; - prepared all the necessary documentation; - secured representation in the United Kingdom judicial system.
The court only partially granted the plaintiff's claims and imposed liability for additional compensation of expenses incurred by the defendant. Subsequently, it was necessary to enforce the decision of the ICAC in Great Britain. As a result, the judgment was enforced.
OUR CLIENTS AND PARTNERS
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We are constantly looking for talented and experienced professionals who are ready for unique cases.
+971 58 591 04 94 firstname.lastname@example.org
Hong Kong: Unit G, 6/F, Neich Tower, 128 Gloucester Road, 2630, Hong Kong
UAE: UAE, Dubai, JLT, JBC-5, 2407
Estonia: Harju maakond, Haabersti linnaosa, Vana-Rannamõisa tee 1h/1-14, 13516, Tallinn
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