Dilendorf & Khurdayan is a New York City blockchain law firm helping clients qualify their virtual token generation events (a.k.a. initial coin offerings or token sales) for exemption from securities registration under Regulation S.
Our attorneys have extensive experience helping structure international securities offerings, and bring that experience to bear in representing our clients.
In general, U.S law requires securities (such as at least some virtual tokens) to be registered with the government before they can be offered or sold. However, the law provides for some exemptions from registration in certain circumstances. Regulation S exempts offers and sales of securities that occur outside of the United States.
Specifically, Rule 903 of Regulation S provides an exemption when an offer or sale is made in an offshore transaction, and no directed selling efforts are made in the United States. An offshore transaction is generally one in which the offer is not made to a person in the U.S, and the buy order originates when the buyer is outside the United States.
Fortunately, although Rule 903 prohibits directed efforts in the United States, an international offering under Regulation S can be coupled with a U.S offering exempt from registration under Regulation D.
Dilendorf & Khurdayan provides comprehensive legal services throughout an offering under Regulation S.
Our services include:
Send us an email or call 212.457.9797 to schedule a consultation at our Manhattan office.
please contact Dilendorf & Khurdayan by sending an email or calling us at 212.457.9797