Maddocks has been appointed as the Australian legal adviser of Grand Shores Technology and Hayek Technology for the establishment of their Australian blockchain and cryptocurrency operations.
Both companies are looking to expand into the Australian market by establishing Australian companies and investigating potential blockchain and cryptocurrency business opportunities in Australia.
The signing was witnessed by officials from the Australian Embassy in China, Austrade, the Victorian Government, the Zhejiang provincial government, the Hangzhou municipal government and the Zhejiang Provincial Fintech Association. More than 80 people attended the event, including local media outlets and other blockchain companies.
Grand Shores Technology Group Limited is a Hong Kong-based technology company which is publicly listed on the Hong Kong Stock Exchange. Grand Shores builds infrastructure for blockchain technologies and provides construction services for real estate projects.
Hayek Technology Pte Ltd is a Singapore-based technology company which operates a global digital assets trading platform.
Maddocks is advising Grand Shores Technology and Hayek Technology with a team led by senior associate Michael Zheng.
Involved fees earner: Michael Zheng – Maddocks;
Law Firms: Maddocks;