The new standard aims to improve accounting treatment of certain digital assets under GAAP and may pave the way for increased institutional adoption.
On September 6, 2023, the Financial Accounting Standards Board (FASB)...more
9/27/2023
/ Accounting ,
Accounting Standards ,
Asset Tokens ,
Cryptoassets ,
Digital Assets ,
Disclosure Requirements ,
Fair Market Value ,
FASB ,
GAAP ,
Non-Fungible Tokens (NFTs) ,
Proposed Regulation
FTC proposes a new rule that would ban non-competes in most situations; brings enforcement actions challenging non-competes as unfair methods of competition.
On January 5, 2023, the Federal Trade Commission (FTC) issued a...more
The Second Circuit holds that the presumption against extraterritoriality and international comity do not bar recovery of purely foreign transfers.
Key Points:
..The Second Circuit focused on the initial transfer from...more
3/7/2019
/ Asset Transfer ,
Bankruptcy Code ,
Bernie Madoff ,
Clawbacks ,
Comity ,
Extraterritoriality Rules ,
Feeder Funds ,
Foreign Investment ,
Liquidation ,
Non-US Feeder Funds ,
Ponzi Scheme
In wake of ethics opinion, lawyers in New York — if not elsewhere — must think hard before considering whether to participate in the Dodd-Frank Whistleblower Award Program. A recent SEC whistleblower award of $14 million may...more