Category: Technology Law

  • Crypto Exchanges’ New Friend–Bankruptcy Code

    By design or happenstance, giant crypto exchange Celsius, holding $3.8 billion worth of crypto assets and deposits and $6.7 billion liabilities, filed for US bankruptcy court relief under Bankruptcy Code, Chapter 11, rather than Chapter 7 or liquidation under the Securities Investor Protection Act of 1970 (“SIPA”). The procedural and economic advantage of filing under […]

  • OECD Pillar Two-Global Minimum Tax & US Tax Reform

    OECD Statement on Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalization of the Economy, issued on October 8, 2021, updates and finalizes a political statement by 136 OECD member countries of the Inclusive Framework (IF) to fundamentally reform international taxation. Pillar One attempts to ensure a fairer distribution of profits and taxing […]

  • Cryptocurrencies—Are They Oranges or Securities?

    In the “crypto case of the century,” SEC v. Ripple Labs, Inc. et al. securities law litigation (SDNY 20-CV-10832), parties lock horns on the question if defendent, Ripple Labs’ cryptocurrency, XRP is a “security” (or, should the court sidestep the question, if XRP offer and sale agreements and scheme, viewed together, an unregistered, un-exempt securities […]