From an M&A deal to Condé Nast to an interesting intellectual property matter for one of the oldest cutlery companies in Europe, here’s a short round up of some of our client’s success and news:
Partnerships: For the second time in 2016, our client TransferWise has joined forces with a bank. Earlier this year it was Estonia’s largest bank LHV. This time it was a German FinTech start up, Number26 backed by Peter Thiel. Number 26 is considered to be Europe’s first mobile bank. TransferWise and Number26 have teamed up to give Number26 customers in-app access to a cheap international money-transfer service. Number26’s new service is available to all their customers and transfers from euros into eight currencies with more to come. It was great to be involved in the drafting of the partnership agreement and see our client make continued progress in unchartered territory.
M&A: Our technology client Poetica, one of the only services that let writers collaborate and edit in real time in WordPress, was recently acquired by Condé Nast. Poetica’s technology provided real-time “Google-docs style collaboration” in the WordPress post editor. The Poetica team will continue to develop the tech as part of Condé Nast’s proprietary publishing platform, CoPilot. However, the stand-alone Poetica service will be discontinued from June 1 2016. Our M&A experts worked with Poetica through the acquisition to ensure stakeholders received the best possible value for their investment and technology.
Intellectual Property: If you think Intellectual Property (IP) is only for tech companies think again. Victorinox, a 120 year old Swiss cutlery company that brought us the iconic Swiss Army knife in 1897, needed to sort out some issues with UK law and selling knives online for their new e-shop. We worked with Victorinox to help them roll out their e-shop in the UK and address a variety of UK law aspects around consumer protection, payments and privacy matters. We also worked with Victorinox on trademark infringement issues relating to a third party online retailer’s use of the Swiss Army mark and UK law in general around the sale of knives in the UK.
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