Having advised internet gaming companies since the earliest days of the industry, Herzog Fox & Neeman has developed a wealth of experience allowing it to keep pace with the evolving regulatory, commercial and corporate challenges. As a result of its longstanding presence in the gaming industry, HFN has accompanied many of the leading companies in the internet and gaming industry around the world in their endeavours.
HFN provides a fully integrated, multi-jurisdictional regulatory advisory service to the gaming industry. Complementing the firm’s significant UK, European and Asian expertise is a worldwide network of quality local advisers designed to provide clients with a vital understanding of the multitude of laws and regulations that govern their activities; an essential prerequisite in a global market.
HFN’s clients operate at all levels of the gaming products and services supply chain, and include: operators and suppliers (whom HFN assists in obtaining and maintaining licences, continuing compliance with laws and regulations, and observing best practices), banks/payment intermediaries (providing analyses of the financial and reputational risks of dealing in the gaming sector), and national governments and regulators.
The Gaming department provides a full range of services to its clients, including licensing, regulatory, tax, commercial and e-payments, as well as coordinating and assisting in the implementation of public offerings and other exit strategies. Day-to-day B2B and B2C commercial work for clients includes:
• Software development, licensing, support and maintenance and white-labelling (procurement and supply)
• Intellectual property (brand protection, rights assertion, etc)
• Marketing affiliation, advertising arrangements and sponsorship
• Risk management
• All types of arrangements with payment processors and financial institutions
Specific regulatory experience includes:
• Drafting online gaming statutes and regulations for key gaming jurisdictions
• Advising banks, investors and intermediaries on their participation in the gaming sector
• Providing regular jurisdiction-specific risk analyses (notably in relation to the UK, EU, US and the Far East)
• Creating corporate, tax and trust structures and generally advising clients on issues such as funds segregation, financial services, regulatory compliance and taxation.