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Blockchain & The Law Roundup: 6 December 2017

Our midweek update of all the latest in law and blockchain.

 

Title: Bitfinex Hires Law Firm to Challenge Critics

Author: Coindesk

Date: 4 December 2017

URL: https://www.coindesk.com/bitfinex-vs-bitfinexed-exchange-hires-law-firm-challenge-critics/

Extract: 

Bitfinex has hired the law firm of Steptoe & Johnson and is threatening legal action against a pseudonymous blogger who it says have made false claims about the bitcoin exchange.

In a statement, Bitfinex said it hired Steptoe to respond to such claims with “appropriate action,” including “possible litigation” against “various parties.” Jason Weinstein, who leads the blockchain practice at Steptoe, confirmed its hiring by Bitfinex in an email.

Stuart Hoegner, the in-house counsel for Bitfinex, said in the statement:

“To date, every claim made by these bad actors has been patently false and made simply to agitate the cryptocurrency ecosystem. As a result, Bitfinex has decided to assert all of its legal rights and remedies against this agitator and his associates.”

 

Title:  This new index tracks law school innovation

Author: National Jurist

Date: 4 December 2017

URL: http://www.nationaljurist.com/national-jurist-magazine/new-index-tracks-law-school-innovation

Extract: 

Looking at 10 technology and legal-service delivery disciplines, the law school innovation index identifies schools that have undertaken significant efforts to teach competencies in legal technology and innovation. Data analytics, process improvement and technology basics are just several of the disciplines Linna’s team is tracking. The index also looks at related law topics, such as artificial intelligence, block chain technology, cyber security, eDicovery and entrepreneurship and the law.

Only two law schools teach all 10 disciplines: MSU Law, which is home to LegalRndD, and Chicago-Kent College of Law, home to The Law Lab and the Center for Access to Justice and Technology. Northwestern University Pritzker School of Law, Stanford Law School, Suffolk University Law School, and the University of Miami School of Law topped the index as well.

 

Title:  Perkins Coie Adds SEC Attorney in San Francisco with Fintech and Blockchain Experience

Author: Blockchain.com

Date: 5 December 2017

URL: http://www.the-blockchain.com/2017/12/05/perkins-coie-adds-sec-attorney-in-san-francisco-with-fintech-and-blockchain-experience/

Extract: Perkins Coie is pleased to announce that Michael S. Didiuk has joined the firm’s Investment Management practice group as a partner in the San Francisco office. Mike joined the firm after almost eight years at the U.S. Securities & Exchange Commission (SEC), where he served in a number of roles in the Washington, D.C. and the San Francisco’s offices.

 

Title: Can Smart Contracts Outsmart Commercial Agreements?

Author: Bloomberg  Quint

Date: 5 December 2017

URL: https://www.google.com/url?rct=j&sa=t&url=https://www.bloombergquint.com/law-and-policy/2017/12/05/can-smart-contracts-outsmart-commercial-agreements&ct=ga&cd=CAEYACoTNzMyMDM4MTEwNjg4NTE3NDAzODIaNDEwZDA2MjQ1MTE1N2QzNzpjb206ZW46VVM&usg=AFQjCNFwVtux4Bx8zVSDqo4unckgnTHb4w

Extract: The State Bank of India Ltd. announced that it will launch blockchain-enabled smart contracts by next month. This begs the question that can smart contracts eventually outsmart commercial agreements?

 

Title:  Interview: Protecting intellectual property with blockchain

Author: Digital Journal

Date: 4 December 2017

URL: http://www.digitaljournal.com/business/interview-protecting-intellectual-property-with-blockchain/article/509154

Extract: A new blockchain based technology allows creators to protect their intellectual property and prove that it’s theirs. According to co-founder Eric Klein, the platform even aims to replace lawyers in the future.

 

Title: California Law Firm Provides Legal Counsel to Crypto Users

Author: The Merkle

Date: 3 December 2017

URL:  https://themerkle.com/california-law-firm-provides-legal-counsel-for-crypto-users/

Extract: 

This is why Taylor-Copeland Law decided to provide the guidance investors may need when it comes to the intersection of law and crypto. They claim to specialize in aiding cryptocurrency traders harmed by exchange failures, including so-called “flash crashes“. Considering that we’ve seen a lot more of those crashes in recent months, there are a lot of legal disputes waiting to happen, by the look of things.

Furthermore, the company also provides services relating to initial coin offerings. A lot of investors are harmed by projects and teams which misrepresent their projects and intentions before or during their crowdsales. There need to be legal remedies in this regard as well, which is what this firm aims to provide. Additionally, they focus on the taxation of crypto investment gains and help companies check all the right legal boxes before they decide to organize an ICO.

 

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