Law

In the new SPAC ruling, the court questions the basic structure of SPACs under Delaware law | Skadden, Arps, Slate, Meagher & Flom LLP

With all the SPAC activity and scrutiny over the past few years, it was only a matter of time before Delaware courts had the opportunity to get involved in a SPAC shareholder dispute. Early last year, in January 2022, Vice Chancellor Lori Will of the Delaware Court of Chancery issued a groundbreaking opinion in Litigation …

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Indian minister says crypto transactions are fine as long as they follow the law

In a significant development that suggests the Indian government may not fully come to terms with the central bank’s overly hostile stance towards cryptocurrencies, the junior minister explained that such activities are fine as long as they follow existing laws. This is in stark contrast to the Reserve Bank of India’s (RBI) ban on crypto …

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FTX, Luna, Celsius, Voyager: The Year of Crypto Bankruptcy

When it comes to cryptocurrencies, bitcoin usually dominates. The public has often confused the most popular digital currency as one that represents the entire cryptocurrency industry. Since it was created by one or more anonymous people in 2009, bitcoin has always been given a leading role. Cryptocurrency enthusiasts see the most prominent cryptocurrency as a …

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