Case Studies
[IT Law firm Veat] Expansion of Global SaaS Services, What is the Optimal Business Operating Entity Solution?
We received a request from Company A, a SaaS (Software as a Service) development company (hereinafter "Client"), to guide them on matters to consider when deciding on a preferred business operating entity. SaaS services have become a core element of the rapidly growing IT industry globally. Particularly, if a company develops SaaS centered around a domestic corporation and intends to expand its global business utilizing a Delaware corporation, it is necessary to comprehensively review various factors and select the business operating entity effectively. Law firm Veat has organized and provided guidance on matters to be considered in the process of determining the optimal business operating entity for clients who intend to operate a global SaaS service business utilizing both a domestic corporation and a Delaware corporation. Matters to Consider for a Global SaaS Service Operating Entity Companies operating global SaaS services often consider utilizing both a domestic corporation and an overseas corporation. A typical approach is to have a development workforce primarily composed of domestic personnel, while conducting overseas payments and operations through an overseas corporation. Utilizing a US corporation is often necessary to integrate with global payment systems like Stripe. 1. Securing Global Brand and Trustworthiness Global SaaS services are provided to users in various countries beyond borders. Therefore, a corporate structure that builds trust with overseas users and maximizes brand value is necessary. 2. Investment and IPO Strategy The corporate structure should be carefully designed according to future investment attraction and IPO (Initial Public Offering) plans. If you plan to attract overseas investment and subsequently consider an IPO in the US, you should consider the possibility of a flip (transferring the shares of a domestic corporation to an overseas corporation). 3. Business Operations and Cost Optimization Operating a global SaaS business involves infrastructure, server placement, workforce recruitment, payment and financial systems as important factors. When building SaaS with a workforce primarily composed of domestic personnel, it is natural for the domestic corporation to be the development entity, allowing for R&D cost savings and utilization of government support programs. 4. Review of Tax and Accounting Structure When deciding on a business operating entity, you should analyze which structure is more advantageous from a tax perspective by comparing corporate tax rates between a Delaware corporation and a Korean corporation. Furthermore, if a domestic corporation directly provides SaaS services overseas, you should consider the possibility of Value-Added Tax (VAT) imposition and manage the associated tax risks. Transfer pricing policies should be appropriately set to prevent unnecessary tax issues in transactions between domestic and overseas corporations, and strategies to prevent double taxation and minimize tax burden by utilizing international tax treaties should also be considered. 5. Compliance with Legal and Regulatory Requirements Legal regulations for operating a global SaaS service may differ from country to country. Therefore, it is important to understand the legal requirements of the relevant country in advance when selecting an operating entity. Compliance with regulations regarding corporate registration, licensing requirements, and the possibility of compliance with various country-specific laws is essential. Domestic corporations must comply with regulations such as the Information and Communications Network Act and the Personal Information Protection Act, while US corporations must comply with US laws. Review of compliance with GDPR (General Data Protection Regulation) and CCPA (California Consumer Privacy Act) is also necessary. 6. Dispute Resolution and Legal Risk Response Strategy The possibility of disputes arising during the operation of a global SaaS business should also be considered. In particular, the possibility of legal disputes with overseas users is higher when providing global services, so countermeasures are necessary. Preparing service terms and privacy policies in both Korean and English to secure legal validity is recommended as a preventative measure. For SaaS business global expansion, it is important not only to develop technology but also to make strategic decisions about the business operating entity. The approach of operating primarily through a domestic corporation while also utilizing a Delaware corporation is a powerful option for effectively operating a global SaaS service business. Therefore, it is necessary to establish an optimal corporate structure by comprehensively considering the company's brand value, investment attraction, operating costs, taxes, legal regulations, and dispute resolution strategy. Law firm Veat has a deep understanding of legal issues in the IT field, such as software development, and assists startups and IT companies in solving various legal issues they may face when entering global markets. Law firm Veat provides optimal legal advice to SaaS companies to achieve successful growth in the global market. We will help companies expand globally by providing comprehensive legal support, from business operating entity decisions to drafting terms of service and privacy policies. This case study can also be found on the Law firm Veat blog. - [IT Law Firm] Expansion of Global SaaS Services, What is the Optimal Business Operating Entity? Thank you. Law firm Veat
[Law firm Veat TIP] Reading books on YouTube, is there a copyright issue? Understanding public transmission rights properly.
Law firm Veat TIP(Technology Intellectual Property) team has contributed to Platum, a specialized media platform for startups, regarding legal issues related to public transmission rights. Recently, the number of booktubers uploading videos (audiobooks) of reading books on YouTube has increased, but caution is needed as uploading book content in video form without the permission of the copyright holder may constitute a violation of public transmission rights. It details the meaning and scope of public transmission. This column details that public transmission rights are divided into broadcasting, transmission, and digital audio transmission, and that separate permission is required for each. In particular, it introduces an unauthorized upload of book content to YouTube as an example of a transmission rights infringement case, covering practically important content. [This link] allows you to view this column. This column provides useful information for publishers, authors, content producers, and other companies dealing with public transmission rights. Law firm Veat TIP team provides legal advice to prevent public transmission rights infringement when producing content, and provides systematic support through copyright contract conclusion and usage license management to prevent disputes. In addition, it provides practical support for digital content companies and platform businesses to establish guidelines for copyright compliance and provides solutions for responding to disputes. If you need legal advice regarding public transmission rights and other copyright-related legal issues, please feel free to contact Law firm Veat. Thank you. From Law firm Veat
Foreign Investment Reporting, Is it Really Necessary? Checkpoints for Not Missing Out!
Law firm Veat received a request from Venture Capital Company A (hereinafter referred to as "the client") to review the eligibility for foreign investment reporting. In the case where the client had proceeded with a foreign direct investment reporting while acquiring securities of a foreign company, the review was requested regarding whether the transferee (client) bears the obligation of foreign direct investment reporting and the obligation of post-management arising from foreign direct investment even if the transferor (client) acquires securities of a foreign company and subsequently transfers them to a third party, and the transferee does not meet the requirements for foreign direct investment reporting at the time of acquisition. Law firm Veat thoroughly reviewed the eligibility for foreign investment reporting and legal aspects related to stock options (stock options) necessary for the client’s situation. Check foreign exchange transaction regulations ! According to the foreign exchange transaction regulations, in principle, the transfer and acceptance reporting should be carried out through a foreign exchange bank between the transferor and the transferee, after which the transferee must report the acquisition of securities to the Bank of Korea. In this case, it appears that the transferee does not bear the obligation of post-management for foreign direct investment. That is, it is a basic principle that the transferor must report to the foreign exchange bank, and the transferee does not need to fulfill a separate foreign direct investment reporting obligation and no post-management obligation arises. However, this regulation may be applied somewhat complicatedly in practice. That is, in foreign exchange-related practice, one must be aware that it may vary depending on the internal guidelines and practices of each reporting agency. In particular, if a foreign exchange bank or another reporting agency assigns post-management obligations to the transferee, the transferee may be required to fulfill the obligations of a foreign direct investor. Because these legal obligations require not only completing the report but also certain post-acquisition procedures, they must be thoroughly reviewed. Check individual requirements of reporting agencies ! As seen in actual cases, whether the transferee bears post-management obligations after the foreign direct investment transfer and acceptance reporting between residents may vary depending on the handling of the reporting agency. In practice, each foreign exchange bank or reporting agency follows somewhat different internal guidelines, so unexpected obligations may arise during the reporting process for both the transferor and the transferee. For example, even after the transferee has completed the reporting to the transferor’s foreign exchange bank, the transferee’s foreign exchange bank may receive the transfer and request the submission of additional documents. In this case, since the transferee may be subject to post-management obligations, including submission of a foreign currency securities acquisition report, failure to do so may lead to legal problems. Also, if the reporting agency related to foreign exchange transactions does not fulfill the requested items, the reporting process that the transferor and transferee must carry out may be disrupted. If the reporting agency assigns post-management obligations to the transferee, the transferor and transferee must submit additional documents and data to each of their foreign exchange banks, which can be a hassle. Therefore, the transferor and transferee must individually confirm with their respective foreign exchange banks and prepare the necessary documents to carry out the reporting process. Importance of legal review of foreign investment reporting ! When a venture company receives stock options (stock options) from a foreign company or conducts transactions related to foreign investors, foreign investment reporting is an essential procedure. In such transactions, stock options (stock options) often play an important legal role. When the foreign investor exercises the stock options, they acquire shares, and at that time, obligations for foreign exchange transactions and foreign direct investment reporting may arise. Thoroughly reviewing whether the transaction between a venture company and a foreign investor meets the requirements for foreign direct investment reporting is an important process to minimize legal risks. Venture capital firms and related companies must thoroughly understand and prepare for the foreign exchange transaction regulations and obligations for foreign direct investment reporting. It is important to clearly identify post-management obligations, which may vary depending on the practical guidelines of each foreign exchange bank and reporting agency, and to prepare all documents accurately. Law firm Veat supports companies in establishing efficient investment strategies while complying with foreign exchange regulations based on diverse investment cases. We provide rapid one-stop services from initial review regarding the necessity of reporting to foreign investment reporting and stock options (stock options) related issues, based on our diverse experience in foreign investment reporting agency.
Venture company law compliance, stock purchase option contract modification, core legal risk check.
Law firm Veat successfully performed a legal review regarding the amendment of stock option grant contracts on behalf of an AI learning solutions company (hereinafter "Client"). The Client had already granted stock options to its employees and intended to change the formula for adjusting the exercise price specified in the contract. Accordingly, the Client requested advice on whether the existing contract could be legally changed through an agreement between the parties. Stock options are a right for employees to purchase company stock at a predetermined price after a certain period of employment, and are widely used to attract outstanding talent or encourage long-term service. However, these stock options must comply with strict procedures stipulated in relevant laws and the company's articles of incorporation in order to have legal effect. In particular, venture companies must meet the requirements stipulated in the "Special Act Promoting Venture Enterprise." Law firm Veat thoroughly verified the essential items for articles of incorporation and the requirements for a special resolution of the general meeting of shareholders in accordance with relevant laws such as the Venture Enterprise Act and the Commercial Code for this case. In order to grant stock options, the company’s articles of incorporation must include ① the authority to grant stock options in certain cases, ② the type and number of shares to be issued upon exercise of the stock options, ③ the eligibility requirements for the recipients of the stock options, ④ the exercise period of the stock options. Also, in a
[Law firm Veat TIP] The reason why Christmas street carols have decreased, everything about performance rights
Law firm Veat TIP(Technology Intellectual Property)team has contributed to Flattum, a startup-focused media platform, on legal issues related to performance rights. One reason for the decrease in carols on the streets during the recent Christmas season is the ‘performance rights’ issue. Performance rights can also apply when using background music (BGM) in various places such as cafes, clothing stores, restaurants, and gyms. Accordingly, some stores and franchises are increasing the use of services that pay separate copyright fees to avoid copyright issues or reduce the use of background music. This column explains the concept of performance rights and legal application criteria, and summarizes things to be careful of when operating a business. In particular, it covers important practical matters such as the difference between performance and transmission, and the scope of copyright permission required when using background music. [This link] allows you to view this column. This column provides useful information for business operators who run store music, content creators who want to understand performance and transmission rights issues, and companies related to music streaming and background music services. In copyright law, the concept of performance rights is very complex, and the scope and exceptions are strictly regulated by law, requiring review. It is important for businesses to identify legal risks related to performance and transmission rights in advance and to seek expert advice to establish appropriate copyright usage procedures for stable operation. Law firm Veat TIP(Technology Intellectual Property)team provides systematic and professional legal advice to resolve various copyright issues such as performance rights, transmission rights, copyright license agreements, and intellectual property disputes. Through pre-consultation, we aim to prevent unnecessary legal disputes, provide rapid and strategic responses in the event of a dispute, and do our best to protect the rights of our clients. If you need legal advice on performance rights and other copyright legal issues, please feel free to contact Law firm Veat. Thank you. Sincerely, Law firm Veat
Law firm Veat, Eunbyeol Jo Partner Attorney, Appointed as Member of the Active Administration Committee
March 2, 2025, at the appointment ceremony hosted by the Personal Information Protection Committee for the Active Administration Committee, Veat's partner attorney, Eunbyeol Cho (hereinafter "Attorney Cho") was appointed as a member. The appointment ceremony was attended by officials from the Personal Information Protection Committee and related fields, and experts who will support active administration and lead institutional innovation in the personal information protection field were selected as members, including Veat's attorney Eunbyeol Cho. Attorney Cho has extensive legal advisory experience and expertise in various fields, including personal information protection, data utilization, security, and legal tech legislation. In particular, based on her outstanding capabilities in interpreting personal information-related laws, responding to regulations, and providing policy advice, Attorney Cho has actively contributed to the development of related systems by serving as a consultant attorney for the Personal Information Protection Committee, a member of the Information Disclosure Deliberation Committee, a member of the Personal Information Dispute Mediation Committee, a member of the Institutional Improvement Specialized Committee, and a consultant for the pre-diagnosis of sensitive personal information utilization by public organizations. The Personal Information Protection Committee's Active Administration Committee plays a role in supporting government ministries to promote policies more creatively and proactively, with its main functions including developing active administration execution plans, selecting excellent cases, providing advice and exemption reviews on the direction of public officials' work. Through the committee, it is planned to promote various activities to create a policy environment that balances personal information protection and utilization and to enhance the convenience of the people. Veat's attorney Eunbyeol Cho's appointment is expected to further solidify the law firm’s expertise and credibility in the public policy field. For the next two years, from March 2, 2025, to March 1, 2027, attorney Cho is expected to actively participate in various policy and legal discussions to innovate personal information protection policies and activate active administration, and to contribute to effective institutional improvements and performance creation in the personal information protection field. Thank you. From Law firm Veat
Venture company key talent acquisition secret, properly utilizing performance-based Veat stock.
Law firm Veat successfully performed legal consultation regarding the issuance of performance-linked shares and related articles of incorporation amendment upon the request of a venture company (hereinafter "client") whose main business is the development and supply of mobile game software. According to the "Special Act on Promotion of Venture Businesses" (hereinafter "Venture Business Act"), a venture business can utilize a 'performance-linked share issuance contract' where shares are issued on the condition of achieving certain performance goals. At this time, one of the important legal requirements is to clearly define related matters in the company's articles of incorporation. That is, a venture business wishing to issue performance-linked shares must specifically state in the articles of incorporation the conditions for issuing performance-linked shares, the method of acquisition and disposition of shares, and performance evaluation criteria. Law firm Veat performed a comprehensive review of the client’s existing articles of incorporation upon request and provided consultation for the establishment of essential items and the creation and amendment of relevant clauses to enable the smooth introduction of the performance-linked share system. In particular, regarding the frequent issue of 'self-acquired shares' arising when entering into a performance-linked share issuance contract, Law firm Veat provided clear guidance on the scope permitted under the Venture Business Act and the Commercial Code to support preventing potential disputes in advance. The acquisition of self-acquired shares is a very sensitive matter for companies, so Law firm Veat thoroughly reviewed the legality of the procedures, including procedures for acquiring self-acquired shares and requirements for shareholder resolutions, and prepared specific resolutions together to ensure that the client could secure the legality of the procedures. As the startup and venture business ecosystem has become more active recently, companies' interest in performance-linked share issuance contracts has increased. Therefore, it is very important for a venture business to carefully review related legal issues and develop response measures with a legal expert when introducing a 'performance-linked share' system to effectively motivate the performance creation of key personnel. During the consultation process, Law firm Veat practically reviewed whether the selection of performance-linked share issuance recipients and the setting of performance goals were appropriate, focusing on balancing the client's management objectives and legal requirements. In addition, potential risks that could arise in the evaluation and payment procedures for performance-linked shares were reviewed in advance, and measures to address them were developed together. Through this process, the client was able to successfully introduce a performance-linked share issuance contract and establish a powerful incentive system to promote the achievement of member performance. As such, Law firm Veat provides specific guidelines for venture businesses to comply with the essential requirements of the Venture Business Act and secure legal stability when introducing and operating a performance-linked share system. Law firm Veat is based on extensive experience and expertise in the Venture Business Act and helps various industries' venture businesses minimize legal risks and achieve stable and sustainable growth. If you have any legal consultation needed including performance-linked share issuance contracts and other matters necessary during the company's growth process, please feel free to contact Law firm Veat. You can also find this case study on the Law firm Veat blog below. - How to Properly Utilize Performance-Linked Shares – The Secret to Securing Key Talent for Venture Businesses Thank you. Law firm Veat
[Law firm Veat] ‘Customized Health Functional Food Sales Business’ System Implemented! Personal Information Protection Law and Legal Risk Management
Law firm Veat published a column on personal information protection and legal risk management related to the ‘customized health functional food sales’ system in Flattum, a startup-specialized media platform. With the full implementation of ‘customized health functional food sales’ from January 2025, it has become possible to utilize consumer health information for customized nutritional supplement combinations and sales services. However, for these innovative services to take root successfully, legal challenges such as personal information protection, hygiene & quality management, and consumer safety must be resolved. This column focuses on how to safely protect consumer personal information and provides detailed explanations of compliance requirements for the Personal Information Protection Act that health functional food companies, the government, and consumers should pay attention to. In particular, it covers points to note when handling sensitive information (health information), strengthening data security measures, and legal response procedures that companies must follow in the event of a data leak incident, and explains how companies entering the customized health functional food market can check for legal risks. [This link] allows you to check the specific details of this column. As the healthcare industry and personalized health management services are rapidly growing, the importance of personal information protection and data security is being further emphasized. Health functional food companies must not only maintain product quality but also establish personal information protection systems to secure consumer trust. To this end, there is a growing need for strengthening security systems, preparing processes for responding to personal information leak incidents, providing security training for employees, and checking for legal compliance requirements. Law firm Veat provides various legal consultations covering the entire food industry, including personal information protection, regulatory review, contract and business structure review, and fulfillment of legal obligations related to customized health functional food services. Mr. Ju-hyeong Lee, Director of Law firm Veat, has specialized in food, pharmaceutical, and hygiene policies and regulations while working at the Ministry of Food and Drug Safety, the Ministry of Health and Welfare, and the Office for Government Policy Coordination, and provides in-depth advice on food safety and regulatory response. Based on his experience in food regulatory cooperation and policy review, he specializes in supporting the legal issues of the customized health functional food industry. If you are preparing a customized health functional food business or need personal information protection and legal risk management, please contact Law firm Veat immediately. Thank you. From Law firm Veat
[IT Litigation] Legal checkpoints that companies must review when utilizing generative AI APIs
Recently, with the rapid advancement of generative AI, companies are developing various services by utilizing generative AI APIs. However, caution is needed as various legal risks may arise in accordance with laws such as the 「Personal Information Protection Act」 and the 「Copyright Act」 during the process of applying generative AI APIs to corporate practices. In order for companies to safely utilize generative AI APIs, they need to review these legal issues in advance and develop response strategies. What is a Generative AI API? API (Application Programming Interface) refers to the method by which two software programs communicate interactively through requests and responses. Generally, a 'generative AI API' means a service that provides the ability to call and use the functions of AI externally through a software interaction protocol. Companies can easily utilize generative AI APIs to develop, provide, and improve services, such as text generation, image generation, and code writing. However, there are key points where legal issues may arise when using generative AI APIs. If companies introduce APIs without understanding these, they may bear the risk of unexpected legal disputes or legal violations. Major Legal Issues That May Arise When Using Generative AI APIs 1. Copyright Issues Arising from Data Collection and Use Generative AI APIs collect and utilize large amounts of data in the learning and output generation process, which may lead to copyright issues such as infringement of the original author's right of reproduction. Particularly, copyright infringement may be an issue if the data learned by AI or the output generated by it are similar to or identical to existing copyrighted works. 2. Issue of Ownership of Copyright of Generative AI Outputs Text, images, code, and other outputs generated using generative AI APIs may be protected within the scope of existing copyright laws. However, there is much legal controversy regarding who the copyright belongs to for content generated by AI. ① Identifying Whether Copyright is Recognized for AI Outputs Currently, many countries do not legally recognize copyright for the results generated by AI. Therefore, it is important for companies to clearly identify the ownership and copyright status of content produced through generative AI APIs. ② Review of API Provider Contracts It is necessary to carefully review the terms and conditions of the generative AI API provider to clearly determine whether the ownership and intellectual property rights of the results generated by AI belong to the API provider or the user. 3. Issues of Personal Information Processing and Protection of Confidential Information If personal information is included in the AI learning data, there is a risk of violating the Personal Information Protection Act. Therefore, when companies introduce generative AI APIs, they must beforehand review whether the AI model is not infringing on the personal information of information subjects in the process of learning or using data containing personal information. Furthermore, when companies utilize generative AI APIs, there is a risk that personal information or confidential information of users may be leaked externally. Especially if the environment is not an on-premise environment where the company itself holds and operates the API, there is a high possibility that personal information or confidential information collected by AI may be exposed directly or indirectly to other users. Even if an on-premise environment is built, the risk of information leakage cannot be completely eliminated if internal security policies are inadequate. Especially when generative AI APIs are operated based on a cloud or external server, there is a possibility that user input data may be stored or inadvertently shared, so companies must thoroughly establish security measures to prevent sensitive information from being leaked externally. Generative AI APIs provide great opportunities for corporate service innovation, but they may also pose legal risks. Particularly, the 「Copyright Act」, 「Personal Information Protection Act」, and intellectual property rights issues are core legal issues that companies must consider when introducing AI APIs. It is important for companies to cooperate with legal professionals experienced in AI affairs to check legal risks in advance, clarify data protection and ownership issues, and safely utilize generative AI APIs. Law firm Veat has extensive experience in AI and IT fields and provides general legal advice on legal issues related to AI, IT, and new technologies, as well as comprehensive advice on matters such as personal information protection and intellectual property rights. Furthermore, we continuously monitor trends in amendments to AI-related laws and establish optimized response strategies to prevent legal risks that companies may face. In particular, Law firm Veat's IT and personal information protection specialized attorneys are active as PIPL (Personal Information Protection Law) reviewers and members of the Y University AI Convergence University Curriculum Innovation Committee, demonstrating a deep understanding of AI and providing legal advice and legal support. If your company is planning to introduce generative AI APIs or other AI software, please feel free to consult with Law firm Veat to check legal risks and establish safe operating methods. Thank you. Law firm Veat
Law firm Veat, appearing as a realistic legal space in the drama 'The Witch'!
Recently aired and popular drama 'The Witch' featured the office of Law firm Veat. The drama, which tells a mystery romance story, is a work that is loved by viewers with its solid story and strong characters. It is noteworthy that the sophisticated law firm office that appears in the drama is the space of Law firm Veat. The production team of the drama 'The Witch' selected the space of Law firm Veat as a filming location to vividly capture the atmosphere of an actual law firm. Veat’s office boasts a modern and professional atmosphere, playing an important role in realistically depicting the drama’s suspenseful scenes. Why did they choose Law firm Veat? What was the reason the production team chose Law firm Veat as a filming location? Law firm Veat is a law firm that provides various innovative legal services, primarily focusing on IT and startup legal consultation, and its space design reflects a future-oriented corporate culture. The sophisticated interior and spacious, open office structure made it the optimal location to express the atmosphere of a law firm in the drama. Moreover, since it was an actual law firm space, the actors’ performances were more realistic, providing viewers with a high level of immersion and showcasing the young and dynamic image of Law firm Veat, which blended well with the story of the drama 'The Witch'. Law firm Veat, gaining more attention through the drama As the space of Law firm Veat has become widely known to the public through the drama 'The Witch,' it is also having a positive impact on the law firm’s brand image. It has become an opportunity to provide a familiar image for those who needed legal services but were hesitant to visit a law firm. Interest in Law firm Veat’s expertise and various legal fields has also increased due to the drama. Law firm Veat is a law firm with outstanding expertise in the areas of information technology (IT), games, startups, venture capital (VC), and private equity funds (PEF). It is a law firm specializing in the IT field, with lawyers who possess both a deep understanding and legal knowledge of information technology. Based on this expertise, Veat supports clients in minimizing legal risks and driving innovation. Furthermore, it boasts high expertise in regulatory consulting related to new technologies such as personal information protection, electronic finance, the metaverse, and blockchain. This capability has earned it recognition in the technology, media, and telecommunications (TMT) fields, and it continues to demonstrate its accumulated know-how and differentiated expertise. Since its establishment in 2015, it has grown together with over 1,927 corporate clients, from startups to large corporations, and has provided consultation on various legal issues arising during the operation of businesses. It recorded 4th place in the Bloomberg M&A league table based on the number of deals in the first half of 2021 in the M&A legal consulting field, and was also selected as a law firm in the Korea Law Firm Awards 2024 TMT category, continuing its steady growth. Law firm Veat, boasting expertise in various fields, will continue to develop and provide the best legal services as a law firm that clients can trust and seek, just as its space is depicted beautifully in the drama. We look forward to your continued interest in Law firm Veat and the drama 'The Witch! Thank you. From Law firm Veat