Foley guide Coinbase dans sa réincorporation stratégique au Texas

Foley & Lardner LLP est le conseil texan de Coinbase Global, Inc. dans le cadre de sa réincorporation du Delaware au Texas. La société a déposé auprès de la Securities and Exchange Commission (SEC) des États-Unis son projet de s'installer au Texas, qui est devenu un centre de plus en plus attractif pour les entreprises innovantes et qui garantira des opportunités plus prévisibles pour Coinbase, ses actionnaires et ses clients.

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.