Results 1-10 of 933
18 September 2019
Facebook’s proposed stablecoin, Libra, is dominating the headlines. However, growing interest means increased regulatory and political scrutiny. As digital assets transcend national borders, what does this mean for those interested in issuing or participating...
Stablecoins - a global overview of regulatory requirements in Asia Pacific, Europe, the UAE and the US
17 September 2019
13 September 2019
A deliberate design feature of Bitcoin is that it enables users to buy or sell anything without revealing their identity. Yet, paradoxically, all Bitcoin transactions are stored publicly and permanently on blockchain. Now, as seen in recent cases, enterprising...
12 September 2019
For the first time since the passage of the Administrative Dispute Resolution Act of 1996, the U.S. Department of Justice, Antitrust Division announced that it will use binding arbitration to resolve a dispositive issue regarding market definition. If successfully...
5 September 2019
Further to Executive Order 13851, "Blocking Property of Certain Persons Contributing to the Situation in Nicaragua" and several previously announced sanctions against high-ranking Nicaraguan officials, OFAC announced on September 3, 2019, the Nicaragua...
5 September 2019
The Court of Appeal has upheld an Order to strike out a US$100m claim brought by an unsecured creditor of the now defunct London Mining Plc against PwC and two of its insolvency practitioners. Fraser Turner brought the claims after London Mining's obligation...
Australian court signals restrictive approach to sovereign immunity in enforcement action against Spain
29 August 2019
In the first decision of its kind, an Australian court has temporarily stayed the enforcement of a €101 million international arbitral award against the Kingdom of Spain ,confirming Australia as an increasingly favourable site for the enforcement of arbitral...
19 August 2019
On August 16, 2019, OFAC announced a settlement with Atradius Trade Credit Insurance, Inc. ("ATCI"), a US subsidiary of Netherlands-based Altradius N.V.1 ATCI paid $345,316 to settle potential civil liability for two apparent violations of the Foreign...
FTC's $5 Billion Penalty Against Facebook: Momentum Builds For Increased U.S. Regulatory Focus On Data Privacy
14 August 2019
Recently, the Federal Trade Commission (FTC) announced a record-breaking $5 billion penalty against Facebook for a series of data privacy violations culminating in last year's Cambridge Analytica scandal. The fine is far larger than any that has ever been imposed...
12 August 2019