Blog
Second Treasury Report on Changes to Dodd-Frank
In response to Executive Order 13772 on Core Principles for Regulating the U.S. Financial System, February 3, 2017, the U.S. Treasury (the “Treasury”) issued its second report on October 6, 2017, entitled “A Financial System that Creates Economic Opportunities: Capital Markets” (the “Report”). after the first report on banks and credit unions was released in... Read more »
Treasury Report on Changes to Dodd-Frank
In response to Executive Order 13772 on Core Principles for Regulating the U.S. Financial System, February 3, 2017, the U.S. Treasury (the “Treasury”) issued its first report on June 12, 2017, entitled “A Financial System that Creates Economic Opportunities: Banks and Credit Unions” (the “Report”) and a press release. The lengthy Report recommends extensive changes... Read more »
SEC Report on Virtual Token Offerings and ICOs
On July 25, 2017, the Securities and Exchange Commission (the “SEC”) Division of Enforcement released a Report of Investigation (the “Report”) and a press release on the securities law analysis of an offer of DAO virtual tokens (“DAO Tokens”). (Such an offer is sometimes called an Initial Coin Offering, or “ICO”.) The Report may be the first of this type of report... Read more »
Comparison of NY and Delaware Corporation Rules
When the choice is between establishing a New York corporation or establishing a Delaware corporation headquartered or doing business in New York, the considerations are complex. As with a Delaware LLC, there was a time when Delaware rules and Delaware courts were viewed as most favorable to corporations founded in Delaware, but that is no... Read more »