Many M&A processes conclude with the buyer instructing its bank to wire funds to the seller’s account. Such transfers, while simple in theory, can involve delays and additional costs as the funds make their way through the correspondent banking network. In recent years, fiat-collateralised stablecoins such as Tether (USDT) and USD Coin (USDC) have risen in popularity as an alternative, low-cost, and quick means of settling transactions.

Together with digital asset brokerage – Zodia Markets, we explore the existing issues with corporate transaction settlements, how these issues are usually mitigated (where possible), and what advantages stablecoins may offer to complement the traditional banking system.

Zodia Markets:

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Contacts

Dan Harman
Dan Harman
Associate
Email
dan.harman@nortonrosefulbright.com
T: +44 (20) 74442793
Sean Murphy
Sean Murphy
Global head of FinTech
Email
sean.murphy@nortonrosefulbright.com
T: +44 (20) 74445039
Emma de Ronde
Emma de Ronde
Partner
Email
emma.deronde@nortonrosefulbright.com
T: +44 (20) 74443109
Charez Golvala
Charez Golvala
Partner
Email
charez.golvala@nortonrosefulbright.com
T: +44 (20) 74443388
Anna Carrier
Anna Carrier
Senior Government and Regulatory Affairs Advisor
Email
anna.carrier@nortonrosefulbright.com
T: +32 (2) 2376146
Hannah Meakin
Hannah Meakin
Partner
Email
hannah.meakin@nortonrosefulbright.com
T: +44 (20) 74442102

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Recent publications

Vessel at a dock loading containers

Publication

Paying the Price: Court of Appeal holds debt still due when non-fulfilment of a condition precedent is caused by the buyer’s own breach

In King Crude Carriers SA & Ors v Ridgebury November LLC & Ors [2024] EWCA Civ 719 the Court of Appeal held that the claimant sellers (the Sellers) were entitled to claim the deposits promised under sale contracts as a debt despite the defendant buyers’ (the Buyers) breach of contract, which had resulted in the non-fulfilment of a condition precedent to the payment of the deposits.

Global | diciembre 18, 2024

Shipping
Large shipping vessel with containers

Publication

Can a charterer procure the release of a laden vessel arrested by a mortgagee bank?

As previously observed, conflicts occasionally arise between mortgagees and charterers where a mortgagee wishes to take prompt action to enforce its rights, but the charterer wishes such enforcement action to be deferred until the end of the charter.

Global | diciembre 05, 2024

Shipping
Green forest

Publication

EUDR: European Parliament approves one-year delay but proposes contentious amendment

On 14 November 2024, the European Parliament voted to approve the proposed one-year delay to the implementation of the EU Deforestation Regulation (the EUDR).

Global | diciembre 02, 2024

Environmental law
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