Dennis O. Cohen and Rebecca Crance published a client alert, “Taking a Trip Around the Regulatory Block: U.S. Regulation of Blockchain and Digital Assets.” “Blockchain – a distributed electronic ledger that facilitates decentralized transaction networks – has the potential to transform finance and business not unlike the World Wide Web […]
Dennis O. Cohen published a client alert, “Don’t Poke the Regulatory Bear: Not a Realistic Option for the Blockchain and Cryptocurrency Industries.” “Are cryptocurrencies and blockchain businesses overregulated or underregulated? Many in the field already feel under attack from the host of awakening U.S. federal and state regulators. Meanwhile, some […]
On June 4, the U.S. Supreme Court sent a clear message regarding the requirements for non-dischargeability under the Bankruptcy Code, holding that a debtor’s misleading statement to a creditor regarding a single asset was a statement “respecting the debtor’s . . . financial condition” which must be in writing to […]
In a decision not following developing nationwide rulings regarding the effect of registration to do business, the Pennsylvania Superior Court, in a unanimous decision, held that foreign companies that register to do business in Pennsylvania have “consented” to general personal jurisdiction in the Commonwealth. The Court in Webb-Benjamin, LLC v. International Rug Group, […]