Blockchain
2022.03.21
Writing LOI (Letter of Intent) on Making Overseas Fund Loans by Having Virtual Asset as Collateral
Service area
Businesses who wish to make overseas fund loans by having virtual asset as collateral must consider the characteristics of virtual asset and clarify on the contract the rights regarding the collateral. Since virtual assets have high volatility, ratios of margin call and liquidation must be listed and if call option is not allowed, this information must also be written separately.
The assistance from specialized attorney is crucial in writing LOI because LOIs take same affect as proper contracts. If you have inquiries on virtual asset contracts, please don’t hesitate to contact Cha&Kwon Law Offices.
