Recent actions underscore key concerns from regulators over the Banking-as-a-Service (BaaS) model and signal that additional guidance may be forthcoming. Read more: https://lnkd.in/gwpVA_kh #FinancialInstitutions #BaaS #Fintech
Davis Polk & Wardwell LLP
Law Practice
New York, NY 62,544 followers
Davis Polk is an elite global law firm with world-class practices across the board.
About us
Davis Polk & Wardwell LLP (including its associated entities) is an elite global law firm with world-class practices across the board. Clients know they can rely on Davis Polk for their most challenging legal and business matters. From offices in the world’s key financial centers and political capitals, our more than 1,000 lawyers collaborate seamlessly to deliver exceptional service, sophisticated advice and creative, practical solutions. Attorney Advertising. Prior results do not guarantee a similar outcome. © 2023 Davis Polk & Wardwell LLP
- Website
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https://www.davispolk.com
External link for Davis Polk & Wardwell LLP
- Industry
- Law Practice
- Company size
- 1,001-5,000 employees
- Headquarters
- New York, NY
- Type
- Partnership
- Founded
- 1849
Locations
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Primary
450 Lexington Avenue
New York, NY 10017, US
Employees at Davis Polk & Wardwell LLP
Updates
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Congratulations to Grayscale Investments on the largest-ever initial seeding of an ETF and SEC approval for Grayscale Bitcoin Mini Trust’s listing on the NYSE Arca. Davis Polk was delighted to partner with Grayscale on this novel transaction. Read more: https://lnkd.in/gAWsA2kr #DigitalAssets #ETFs #Fintech #PublicCompanies
Grayscale is excited to announce the launch of Grayscale Bitcoin Mini Trust (ticker: BTC). #BTC comes to market as a spin-off of our flagship fund, #GBTC and at the ultra-low cost of 0.15%. Click below to learn more about BTC, see important disclosures, or speak directly to a team member: https://lnkd.in/eUrkUimS To learn more about the spin-off: https://lnkd.in/e2b-8agK - BTC is not a fund registered under the Investment Company Act of 1940, as amended (“1940 Act”), and is not subject to regulation under the 1940, unlike most exchange traded products or ETFs. BTC is subject to significant risk and heightened volatility. The fund is not suitable for all investors and an investor may lose all their money. Investing involves risk, including possible loss of principal. An investment in the Trust is subject to a high degree of risk and heightened volatility. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment. Grayscale Bitcoin Mini Trust (the “Trust”) has filed a registration statement (including a prospectus) with the SEC for its offering to which this communication relates. Before you invest, you should read the prospectus in such registration statement and other documents the Trust has filed with the SEC for more complete information about such Trust and its offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Trust or any authorized participant will arrange to send you such prospectus (when available) if you request it by emailing info@grayscale.com or by contacting Foreside Fund Services, LLC, Three Canal Plaza, Suite 100, Portland, Maine 04101. Foreside Fund Services, LLC is the Marketing Agent for the Grayscale Bitcoin Mini Trust.
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Next week, emeritus Chair of Davis Polk’s Restructuring practice Donald Bernstein and partner Christian Fischer will be among the speakers at New York University’s “Workshop on Corporate Restructuring & Bankruptcy.” Don will speak on the “Introduction to Bankruptcy” session. Christian will speak on the “How to Read a Credit Agreement/Indenture” and “Hot Topics: Liability Management” sessions. Learn more: https://lnkd.in/ewwHJeQ8 #Restructuring #LiabilityManagement
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Our new investment management regulatory update discusses a recent enforcement action involving a private fund adviser that allegedly included misleading performance information in advertisements. Read more: https://lnkd.in/esTE4Jyk #InvestmentManagement #PrivateEquity
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Davis Polk is advising GSK on its agreement to collaborate with Flagship Pioneering, Inc. with the goal of discovering and developing a portfolio of future transformational medicines and vaccines, starting in respiratory and immunology. Read more: https://lnkd.in/gwsc8TnU #MergersAndAcquisitions #LifeSciences
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Davis Polk advised Banco Santander, S.A. in connection with its $3.75 billion SEC-registered notes offering. Read more: https://lnkd.in/ekQvYFkr #CapitalMarkets
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Davis Polk has been named a finalist for “Finance Team of the Year” at the 2024 Legal Business Awards. Read more: https://lnkd.in/ep9BWpV3
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Highlights of CFIUS’s 2023 annual report include an increased focus on mitigation agreement enforcement, broadly steady blocking and investigation rates, and longer review timelines in some cases. Read more: https://lnkd.in/e2TKvtBe #CFIUS #FinancialInstitutions #MergersAndAcquisitions
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We are pleased to welcome Christopher Healey as a partner in our Investment Management practice in Washington DC. Chris has deep experience in fund formation and transactional work involving 1940 Act products. Read more: https://lnkd.in/e6JzXsTv
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Davis Polk advised Venture Global LNG in connection with its $1.5 billion high-yield debt offering. Read more: https://lnkd.in/eK7PW9sr #CapitalMarkets #Energy
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