Spotlight Two Sides of the Same Coin: Analyzing the Recent Ripple and Terraform Decisions This article was originally published August 31, 2023, on Reuters Legal News and Westlaw Today, Thomson Reuters businesses. Key Points In July 2023, Judges Torres and Rakoff in the Southern District of New York issued rulings on whether digital asset sales through trading platforms constitute … Continued
I. Introduction This year, JPMorgan Chase and Deutsche Bank paid millions of dollars to victims of Jeffrey Epstein for failing to flag and report suspicious transactions while doing business with the child sex trafficker.1 Epstein routinely withdrew large amounts of cash to pay his victims, and both banks failed to flag these transactions that were allowing Epstein … Continued
A primary mission of the Business Law Section has always been to promote business-friendly legislation for New York State. It is no secret that New York has been losing jobs, people and industry to other states, and at least in part this is due to the state’s sometimes unwelcoming posture to new businesses as well … Continued
In June 2023, Florida and Connecticut became the sixth and seventh states, joining California, Georgia, New York, Utah, and Virginia, to enact a law requiring finance providers to disclose specified information in connection with commercial financing transactions.1 Other states are considering similar legislation. These disclosure requirements are complex, in part because they can apply to a … Continued
The Business Law Section conducts most of its activities through individual committees that focus on various areas of business law. Membership in any committee is open to any section member. While active participating is encouraged, there is no required time commitment. To join a committee, email businesslaw@nysba.org. For more information, visit https://NYSBA.ORG/BUSINESS. Banking Law Committee … Continued
Introduction Modern corporations are extraordinary in their ability to exert a level of power comparable to nations.1 Shareholder litigation serves as one tool to ensure accountability from these business entities. In recent years, shareholder litigation has evolved and expanded in scope. Shareholders now demand corporations make changes to address contemporary social concerns, such as diversifying board … Continued
If you are reading this article, chances are that you are a member of the Business Law Section of the New York State Bar Association, and that your practice area is covered by one of the several committees of the section, ranging, alphabetically, from Banking to Wine and Spirits. Also likely, your primary professional focus … Continued
New York needs a more efficient franchise registration and renewal process. Before a franchisor can sell franchises in New York State, the franchise offering must be registered with the New York State Attorney General’s Office (the AG’s Office). Registration entails the review and approval of the franchise disclosure document (the FDD) by a franchise examiner … Continued
William Shakespeare’s Much Ado About Nothing interweaves themes of infidelity, deception, mistaken identities, and (most importantly for this article) various plays on the words “noting” and “nothing.”1 Many of these same themes (especially the last one) swirled around a recent case that went up to the U.S. Supreme Court with great public hullabaloo. The case involved the appropriate … Continued
Congratulations, you just closed a lucrative cross-border transaction! Are you ready to litigate? While the last thing your client wants to think about at a closing dinner is having to run to court to enforce its rights, as attorneys we know this is an unfortunate possibility. This is why every written agreement should contain not … Continued