As originally introduced, Arizona Senate Bill 1091 (“SB 1091”) would have permitted remittance of cryptocurrencies for tax payments, including interest and penalties, and would have required the Arizona Department of Revenue, upon receipt of payments in cryptocurrency, to convert the cryptocurrency payment to U.S. dollars within 24 hours.
The banking system is inefficient in its current state as it requires the use of multiple third-party verifications and transferring services in order to complete a transaction. Blockchain can alleviate the need for these organizations and provide the world with a viable solution to the inherent problems facing the banking community.
Cambridge Analytica Puts ICO on Hold
In its latest salvo in the U.S.-China trade dispute, China has imposed a 178.6% tariff on sorghum imports from the U.S., claiming the U.S. is unfairly dumping sorghum on the Chinese market.
CKR Law is pleased to announce our new partnership with Braga Nascimento e Zílio Advogados (“BNZ”), a Brazilian law firm headquartered in São Paulo.
Westinghouse’s reorganization plan was confirmed on Mar. 28 by Judge Michael Wiles of the Southern District of New York Bankruptcy Court one day shy of the one-year anniversary of its bankruptcy filing. This is unusually fast considering that the filing was not a “prepack” — meaning there was no reorganization plan already accepted by creditors, or a solicitation of acceptances already underway.
The United States Department of Labor (DOL), Employee Benefits Security Administration (EBSA), the agency entrusted to enforce the Employee Retirement Income Security Act (ERISA), restored in fiscal year 2017 over $1.1 billion to employee benefit plans, participants and beneficiaries. Part of these recoveries stem from the investigations the DOL conducts, which the DOL had a 65.3 % success rate in finding violations in 2017.
A New York bankruptcy court has signed off on Brazilian oil and gas servicer Lupatech’s second Chapter 15 case, ending a US$275 million cross-border restructuring that has played out in New York and São Paulo since 2015.
On March 22, 2018, CKR Law LLP (“CKR” or “we”) published our first article of an ongoing series of blog posts on proposed tariffs to be imposed by the United States (the “U.S.”), and their potential impact on the People’s Republic of China (“China”) and the rest of the world. In this second article, we aim to recap the sequential events detailing the tensions between the U.S. and China to assist our readers in understanding how both countries got to where they are, and to analyze the actions to date taken by both countries.
On March 22, 2018, the China State Council published an opinion (the “Opinion”) of the China Securities Regulatory Commission inviting qualified innovative overseas-listed corporations to sell shares or issue Chinese Depositary Receipts ("CDRs") on China’s stock markets.