Canada: Ontario’s enhanced emergency powers: What employers need to know about Bill 195
On July 21, 2020, Bill 195 (the Bill) received royal assent.
Changing securities laws and regulations for the digital token age
In his Blockchain Law column, Robert Schwinger explains how, when it comes to virtual currencies, digital tokens and other blockchain assets, our legal and political systems are still in the earliest stages of grappling with which regulations and structures would be best suited for encouraging financial technology innovation on the one hand, while providing certainty and serving the public interest on the other.
While courts last year recognized that under existing law virtual currencies based on blockchain platforms could qualify as “securities,” see United States v. Zaslavskiy, No. 17 CR 647, 2018 WL 4346339 (E.D.N.Y. Sept. 11, 2018), and/or “commodities,” see CFTC v. McDonnell, 287 F. Supp. 3d 213 (E.D.N.Y. 2018), concern has been growing that these regulatory structures may not be ideal for regulating all digital tokens in all situations. Lawmakers across the country are thus now exploring possible revisions to existing laws and regulations to deal more appropriately with this new asset class.
Recent publications
UK: Essential Corporate News: Week ending July 31, 2020
On July 24, 2020, the European Commission announced that it has adopted a Capital Markets Recovery Package as part of its overall Coronavirus recovery strategy.
IP monitor: Federal Court of Appeal: Of course the Federal Courts can interpret agreements!
The Federal Court of Appeal has confirmed that the Federal Courts can – and do – interpret contracts between private citizens as long as it is done under a sphere of valid jurisdiction vested in the Federal Court.
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