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New York Law Journal

Self-Reporting Misconduct to NYDFS: It's Not Your 'Monaco Memo' (Part One)

This first article in a two-part series discusses a number of important self-reporting requirements for entities supervised by the New York State Department of Financial Services (DFS) with a focus on banking organizations, money service businesses, cryptocurrency firms, and insurance companies.
12 minute read

Corporate Counsel

From McDonald's to Walmart, Companies of All Stripes Race to File NFT Trademarks

"In-house counsel have to understand this is another platform where they have to enforce and be vigilant over the use of their trademarks," said Laura Ganoza, a Foley and Lardner partner.
5 minute read

The American Lawyer

BlockFi Turns to Familiar Name for Crypto Bankruptcies: Kirkland & Ellis

Having requested more than $15 million in the bankruptcies of Celsius and Voyager to date, Kirkland has already billed another $1.5 million in the Chapter 11 bankruptcy of crypto lender BlockFi. Haynes and Boone is serving as co-counsel.
2 minute read

Legaltech News

The Limits of Howey: What the SEC May Be Signaling Through its Approach to NFTs and F-NFTs

While the SEC has yet to weigh in on the question of whether NFTs are securities, its increased attention on fractionalized NFTs may signal a shift in how the agency intends to test whether digital assets are securities in the future.
7 minute read

Legaltech News

New Integreon CEO: Economic Uncertainty Will Boost ALSP Market

Subroto Mukerji, Integreon's new CEO, is a non-traditional hire for an ALSP, coming from the general tech space. But, as more industries, including legal, leverage technology in their processes, he expects we'll see more cross-industry moves going forward.
5 minute read

Daily Business Review

Miami-Dade County Taps Armstrong Teasdale in Bid to Strip FTX Name From Heat Arena

The county filed a motion in Delaware Bankruptcy Court on Tuesday to immediately cancel the $135 million contract.
3 minute read

New York Law Journal

Crypto Lawyer Says Mining Moratorium Is Built to Survive Legal Challenges, But Deep-Pocketed Industry Is Likely to Sue

Cryptocurrency clients feel they were lured to New York "by policy statements made as early as 2020—and now that they're here, they're being shelved," said a lawyer with industry clients.
5 minute read

Delaware Business Court Insider

Court Opts to Keep Those Owed Most by FTX Anonymous, for Now

Attorneys said while they plan to begin liquidating FTX's assets as quickly as possible, a significant portion of those assets have been stolen or are otherwise not accounted for.
3 minute read

Daily Business Review

Crypto Lender Sued for Blocking 2021 Withdrawals by Wealthy Investors

Cryptoasset lender Nexo Capital Inc. was sued in London by investors who allege they were blocked from withdrawing parts of their $126 million in assets from the exchange in March 2021, when one bitcoin was worth more than $54,000.
2 minute read

Daily Business Review

Crypto Exchange Tokens Pose 'Extreme' Risk, BOE's Cunliffe Says

Exchange-issued crypto tokens such as bankrupt FTX Group's FTT can pose "extreme" risks when accepted by their issuers as collateral, Bank of England Deputy Governor Sir Jon Cunliffe said.
2 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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