The Clifford Chance team led out of Prague worked on structuring the financing, drafting and negotiating finance documents, and ensuring compliance with regulatory requirements across multiple jurisdictions. Intellectual property rights were a key aspect of the transaction, requiring a tailored approach to establish security over these assets. “This was a complex and time-sensitive transaction, and we greatly appreciated Clifford Chance’s legal expertise and efficiency,” said Eva Svobodová, Chief Legal Officer of FTMO. “Their ability to structure the deal under tight deadlines was essential in securing the financing.”
Headquartered in the Czech Republic, FTMO group is a global provider of educational and training services, offering its customers an opportunity to test and develop their trading and risk management skills. Since its establishment in 2015, FTMO has won the Deloitte Fast 50 competition five times. The founders of FTMO were also named EY Technology Entrepreneurs of the Year 2022 in the Czech Republic and have received numerous other awards.
OANDA is a leading global digital platform for active traders, offering multi-asset trading, currency data, and analytics to retail and corporate clients. Since its founding in 1996, OANDA has established regulated entities and leadership teams in many of the world's most active financial markets, including New York, Toronto, London, Warsaw, Singapore, Tokyo and Sydney.
The transaction was handled by Clifford Chance teams in Prague, New York and London. The Prague team coordinated the whole transaction and was led by counsel Dominik Vojta and supervised by managing partner Miloš Felgr, with a support from associate Tomáš Kubala. Prague team further included junior lawyer Radek Sikora. New York team included partner Daniel Winnick and trainee solicitor Asher Mohammed, whereas the London team included partner Nicholas Kinnersley and associate June Ng.