Nadmitov, Ivanov and Partners represented the interests of a foreign company in the acquisition of shares in an American company that were paid for in bitcoins. Our firm was the first to advise on an M&A transaction where cryptocurrency was used as a counter-satisfaction. The deal was subject to New York State law. The sale and purchase agreement contained special conditions for determining the market rate of the cryptocurrency, confirming the payment and closing the transaction.
Nadmitov, Ivanov & Partners actively advises clients on M&A transactions, blockchain, cryptocurrencies and ICOs.