Publication
Liability for statements and omissions about digital assets
Recent court decisions arising from the purchase and sale of digital assets have grappled with liability claims arising from information that had been stated or omitted.
Global | Publication | April 8, 2016
The new bail-in rules that generally took effect in January 2016 are the European Union’s response to the 2008 global financial crisis and the “too big to fail” regime. The EU Bank Recovery and Resolution Directive (2014/59/EU) requires that EU member states implement a similar legal framework whereby failing financial institutions will not look to public stakeholders for a “bail-out.” European regulatory authorities can force these failing institutions to cancel or severely dilute shareholder equity or to cancel, write-down or convert unsecured liabilities to equity. Such regulatory action is referred to as a “bail-in.”
Publication
Recent court decisions arising from the purchase and sale of digital assets have grappled with liability claims arising from information that had been stated or omitted.
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