Freshfields Bruckhaus Deringer (’Freshfields’) has advised Visa, Inc. (V:NYSE) (‘Visa’) on its investment in account-to-account payment platform business Form3 Group Limited (‘Form 3’).
Together with the investment which will enable Form3 to continue its growth journey, the parties also announced a new commercial partnership, bringing together their capabilities in an effort to reduce high levels of fraud in real-time account-to-account payments, which includes building on Form3’s single API connectivity.
Freshfields advised on all aspects of the investment, combining a cross-jurisdictional and cross-practice team across the firm’s UK, Germany, Austria and U.S. offices.
The Freshfields team advising on the transaction was led by partner Sundeep Kapila, senior associate Jonathan Carver and associate Charis Chan. Financial regulatory advice was provided by partner Michael Raffan, senior associate Claire Harrop and associate Dimitris Boumpoulis.
