# MIP55c3-SP8: Legal Work on MIP65

## Preamble

```
MIP55c3-SP#: 8
Author(s): @adcv @aes @SebVentures
Contributors:
Tags: spf
Status: Accepted
Date Proposed: 2022-08-16
Date Ratified: 2022-09-08
Amount Requested: 30,000 DAI
Recipient Address: 0x29408abeCe474C85a12ce15B05efBB6A1e8587fe
Forum URL: https://forum.makerdao.com/t/mip55c3-sp8-legal-work-on-mip65-special-purpose-fund/17280
Ratification Poll URL: https://vote.makerdao.com/polling/QmdaG8mo
```

## Sentence Summary

This SPF requests a 30k DAI reimbursement to SF-001 for advancing legal expenses relating to legal work in the context of MIP65.

## Paragraph Summary

This SPF reimburses the Strategic Finance Core Unit (SF-001) team for advancing funds to @christiancdpetersen for the legal work he is doing on MIP65.


## Motivation

MIP65 was approved by the Maker community but has been stalled for some weeks due to the lack of work on the legal front.

@christiancdpetersen accepted to work on it, but so far funding isn't secured despite best attempts of CES. 

SF-001 has decided to advance the funds and is asking for reimbursement to pay for regular order of business.

## Special Purpose Fund Name

Legal Work on MIP65 Special Purpose Fund

## Special Purpose Fund Scope & Work Credentials

* The scope is strictly limited to funding legal  work by external legal teams relating to onboarding of MIP65.
* The scope of work will be to conduct an legal review including, among other things:
    * Review of the legal structures in BVI (trust and LLC).
    * Review of the resolution, wordings and workflow.
    * Review of the agreement between entities and services providers.
    * Writeup of a Legal Structure and Governance Appropriateness Verification.
    * Other open legal review questions identified along the way.
* The deliverable will be a Legal Structure and Governance Appropriateness Verification to be ratified by a Facilitator according to MIP65.
* @christiancdpetersen is the brain behind the RWA Foundation and knows MakerDAO governances needs quite well. There is no one better suited for this task.

### Funding Breakdown

* On funding, SPF will be used to reimburse SF-001's advance to pay for a scope-limited legal due diligence relating to onboarding bIBTA as a vault type.
* Excess funds will be held in the multisig until the work is complete.
* Unspent funds will be returned to the Surplus Buffer.

||Dai|
|---|---:|
|Legal review of MIP65 |30,000|
|||
|**Total**|**30,000**|

### Special Purpose Fund Details

```
Official Contact or Group Name: Strategic Finance Core Unit
Contact Email/Handle: @adcv
Date Added: 2022-08-16
Total Amount: 30,000 In Dai.
Wallet Address: 0x29408abeCe474C85a12ce15B05efBB6A1e8587fe
Comptroller signers: @Aes (https://forum.makerdao.com/t/mip55c3-sp8-legal-work-on-mip65-special-purpose-fund/17280/20), @prose11 (https://forum.makerdao.com/t/mip55c3-sp8-legal-work-on-mip65-special-purpose-fund/17280/19)
```