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Entries tagged “Legal Update”

NFT’s and Digital Art Blockchain: Is Blockchain’s Digital Token New Frontier Its Brightest?**

insights NFT’s and Digital Art Blockchain: Is Blockchain’s Digital Token New Frontier Its Brightest?** Sam Miller · February 25, 2021

What Was: Security and Utility Tokens Almost two years have disappeared in a heartbeat, but nothing much substantial appears to have changed on the US securities regulatory landscape for blockchain tokens and other digital assets. When it comes to any substantive pronouncement, the date of The Securities and Exchange Commission’s (SEC) Strategic Hub for Financial Innovation…

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The Fine Art of Auction House Consignments: Art AML, Sanctions Compliance and the Fine Art Owner’s Conundrum**

insights The Fine Art of Auction House Consignments: Art AML, Sanctions Compliance and the Fine Art Owner’s Conundrum** Sam Miller · December 7, 2020

While the spotlight has recently been on established auction houses anti-money laundering (“AML”), counter-terrorism and sanctions compliance, and the prospect of the United States, like the United Kingdom and the European Union before it, making AML compliance mandatory for art industry protagonists, there appears to be little focus on the broader reluctance of established auction…

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ISDA IBOR Fallbacks Supplement and Protocol: What You Need to Know

insights ISDA IBOR Fallbacks Supplement and Protocol: What You Need to Know Robin Powers · November 19, 2020

I.  Introduction In 2017, the UK’s Financial Conduct Authority (“FCA”) announced that it will not require the calculation and publication of interbank offered rates (“IBORS”) beyond 2021.  The absence of a guaranteed IBOR after 2021 has triggered one of the largest and intricate challenges that financial markets have confronted to date.  Trillions of dollars of…

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The Exempt Offering Ecosystem: What the SEC Changed

insights The Exempt Offering Ecosystem: What the SEC Changed Dror Futter · November 11, 2020

The SEC announced a series of amendments (likely to be effective early next year) to the rules governing private offering exemptions – by far the most frequent path for venture fundraising. The amendments retain the same “menu” of exemptions but make incremental improvements. For the early-stage community, the amendments include a very useful provision that excludes “Demo…

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Lessons From The Prohibition Era: How New Enforcement Presents Greater Legal Risk For Illicit Market Cannabis Businesses featured in Benzinga

insights Lessons From The Prohibition Era: How New Enforcement Presents Greater Legal Risk For Illicit Market Cannabis Businesses featured in Benzinga Patrick Devine · August 21, 2020

Patrick Devine’s article in Benzinga examines the use of tax evasion as an enforcement strategy in the prohibition era and highlights the recent use of the strategy by the California Department of Tax and Fee Administration to prosecute illegal cannabis businesses.  It then discusses potential federal enforcement in California as the DEA is in the early…

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USCIS Issues Clarifying Guidance for Redeployment of EB-5 Capital

insights USCIS Issues Clarifying Guidance for Redeployment of EB-5 Capital Debbie A. Klis · July 30, 2020

USCIS issued a policy alert (PA-2020-11) (the “Policy Alert”) on July 24, 2020, to disclose recent amendments to its internal policy manual governing the “redeployment” of EB-5 capital. The Policy Alert applies expressly to all Form I-526 and Form I-829 petitions pending on or after the date of publication. The Policy Alert lacks any language indicating…

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Webinar: Getting it Right- Start-up employee hiring, employing, and terminating

events Webinar: Getting it Right- Start-up employee hiring, employing, and terminating Dror Futter · January 7, 2020

Date & Time January 13th, 2020. 12:30pm to 1:30pm EST Location Online Webinar Presenters Chaim Book is a Partner at Moskowitz & Book. Chaim received his law degree from Columbia University School of Law, where he was a Harlan Fiske Stone Scholar. Prior to forming Moskowitz & Book, LLP in 1996, Chaim spent over 15 years at prestigious law…

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