Decentralized Autonomous Organizations: Updates on Governance, Liability, Entity Wraps

Mr. Bench helps entrepreneurs, companies, and venture capital and private equity funds with international and domestic business transactions. His clientele stretches across Asia, Europe, the Middle East, Africa, and the Americas. National and global trade organizations regularly invite Mr. Bench to speak regarding international business transactions, particularly foreign direct investment to and from the U.S. and China. He is an emerging legal expert in the fast-moving and complex web3 ecosystem, including business and regulatory issues surrounding decentralized autonomous organizations (DAOs), smart contracts, decentralized finance (defi), cryptocurrencies, coins, and tokens, including non-fungible tokens (NFTs). He has worked on wide-ranging blockchain projects involving various international DAO communities, NFT artists and studios, layer-2 blockchain developers, metaverse companies, and celebrity brand influencers.

Mr. McAvoy takes a practical and knowledgeable approach to the law of digital assets, private funds, securities, and other investments from a transactional, regulatory, fundraising, and formation perspective. As co-chair of the firm’s FinTech and Blockchain practice, he frequently works at the intersection of all of these areas, particularly with respect to the formation and launch of private investment funds, including those with a digital asset or FinTech strategy; offerings by and investments into organizations in the crypto space; structuring decentralized autonomous organizations (DAOs); navigating the launch of non-fungible token projects; asset fractionalization; coordinating complex international projects; and helping digital asset organizations comply with the rapidly-evolving regulatory environment. Mr. McAvoy is a trusted advisor to numerous investment advisers, digital asset projects, DAOs, fund sponsors, broker-dealers, and investors, and has represented a range of organizations, from startups to Fortune 500 companies to unincorporated entities through all portions of the corporate life cycle.