News

Perry Working

News

Wildeboer Dellelce LLP Announces Acceptance of Digital Currency Towards Payment of Legal Fees

Monday, January 29, 2018

Commencing February 1, 2018, Wildeboer Dellelce LLP will accept digital currency towards payment of its legal fees, subject to standard commercial practices.

"Given the rapid growth of our blockchain and digital currency practice and our long history of innovation and firsts in providing legal services to the technology sector in Canada, moving to accept digital currency towards payment of its legal fees is a natural progression for our firm.” stated Perry Dellelce, Managing Partner of Toronto-based law firm Wildeboer Dellelce.

As one of Canada’s leading corporate finance and transactional law firms, Wildeboer Dellelce has been at the forefront of providing legal advice to clients establishing capital pools and exchange platforms specializing in this new digital asset class. The firm has also been at the leading edge of providing both legal and business structure advice to a broad range of companies and financial sponsors in the blockchain and digital currency sectors.

“This initiative demonstrates our firm’s commitment to its many clients that are actively seeking to innovate in this rapidly expanding area within the Fintech Industry.” added Geoff Cher, Head of the Fintech Practice at Wildeboer Dellelce.  “Our Fintech group has been especially active in assisting clients navigate a fluid regulatory landscape as regulators seek to adapt to and manage the brisk evolution and innovation of this nascent industry."

February 1st, 2018 marks the 25th anniversary of the firm. “In this, our 25th year, we will reflect on our past and successful involvement in many areas of the growth of Canada’s vibrant technology sector. We are equally excited about our future as we embark on this unique and creative journey into the cryptocurrency and blockchain world. Our clients are thrilled that we are willing to adapt with them as they continue to grow and develop this sector.” Dellelce said. 

"We believe that this decision to accept payment for legal fees in digital currency is a first for a corporate finance law firm in Canada. We are confident that many of our peers and other service providers will also move to do so, which will serve to further increase transaction volumes and further validate these technologies." Cher stated.

Wildeboer Dellelce will accept up to 25% of its legal fees outstanding due from any client per month to a maximum of the equivalent of CAD$25,000 in digital currency.

Wildeboer Dellelce will initially only accept Bitcoin, Ether, Ripple and Litecoin and will consider adding others as the industry develops.

ABOUT WILDEBOER DELLELCE LLP – With over 45 professionals, Wildeboer Dellelce is one of Canada's leading transactional business and corporate finance law firms offering clients expertise in corporate finance, securities and private and public M&A along with corporate tax, commercial real estate, debt and structured finance. The firm is Chambers ranked and was selected by Canadian Lawyer Magazine as one of the 2016-17 Top 10 Corporate Boutique Law Firms in Canada.

For more information on the firm or to find out more about the services of Wildeboer Dellelce, please visit wildlaw.ca or email goto@wildlaw.ca.  

Media, please contact media@wildlaw.ca or call Diana Lawrence at 416 847 6911.

Follow us on Twitter and LinkedIn.