Sectores
Foley & Lardner LLP actúa como asesor jurídico en Texas de Coinbase Global, Inc. en su reincorporación de Delaware a Texas. La empresa presentó ante la Comisión del Mercado de Valores de Estados Unidos (SEC) sus planes para trasladarse a Texas, que se ha convertido en un centro cada vez más atractivo para las empresas innovadoras y garantizará oportunidades más predecibles para Coinbase, sus accionistas y sus clientes.
Coinbase Chief Legal Officer Paul Grewal opined about this decision in The Wall Street Journal article, “Why Coinbase Is Leaving Delaware for Texas.” In it he states: “This choice is much bigger than Coinbase. It’s part of a movement of businesses choosing markets with favorable regulatory and judicial-review systems. Several states have recently adopted policies aimed at increasing economic freedom, which drives competition—the laboratory of democracy at work. Businesses can choose which state is best for growth, innovation and their shareholders.”
Coinbase, the largest U.S.-based cryptocurrency platform, is the latest company to reincorporate in Texas after recent corporate-law reforms were enacted that enhance governance flexibility and legal predictability, including the establishment of the Texas Business Court system and Senate Bill 29 that modernized the Texas Business Organizations Code.
“Senate Bill 29 strengthens Texas’ corporate legal framework and creates certainty and predictability. It aims to make Texas the preferred jurisdiction for legal domestication, by creating an environment where ambitious, innovative companies can thrive,” said Foley partner Chris Converse, who helped draft and advocate for the passing of the law.
The Foley team representing Coinbase in this significant move is led by partners Chris Converse and Christopher Babcock, and includes partners Patrick Daugherty, Greg Meeks, and Todd Murray, and associate Angel Torres.
