Payments is ceasing to be thought of as a purely financial services activity. Alongside the traditional players, the sector now attracts established tech giants, tech startups, and emerging companies, telecommunications companies, online marketplaces, and even social networks. The result is that the volume of non-cash payment transactions is growing dramatically on a global year-on-year basis.
Latham & Watkins provides clients with pragmatic, commercially focused advice across the range of legal and regulatory queries that inevitably arise when companies implement or expand the functionality or geographic reach of a payments solution.
As regulatory interest in digital payments builds worldwide, and new payments regulations such as the European Payments Directive (PSD2) come into force, Latham helps market participants understand their obligations as they face more stringent regulatory scrutiny. Benefiting from Latham's expertise, clients are able to navigate and comply with payment regulatory initiatives around the globe, as well as the complex web of quasi-regulatory requirements that make operating in the payments sector a daunting prospect even for established players.
The firm also helps clients meet the challenges of transitioning to a cashless society and exploiting prolific technology, in particular cryptocurrencies, blockchain, mobile wallets, and mobile payments, which are driving a technology and patent harvesting race, presenting additional challenges for established payments providers and new entrants alike.
Latham's technology transactions lawyers boast a genuine understanding of the technology that underpins the sector, the commercial imperatives that drive parties’ behaviors, and have experience advising on the associated legal, intellectual property, and regulatory requirements of payment infrastructure. The Latham team also has significant experience advising clients on payments-related M&A, joint ventures, and private equity matters, working alongside the firm's market-leading corporate lawyers.
Latham tailors the firm's support to clients' needs and budget while ensuring clients always have the benefit of Latham's market experience and industry best practice. Latham lawyers align themselves with the client's business, and function as an extension of the client's in-house legal team to deliver practical solutions to complex transactions, efficiently.