December Edition 2019

Blockchain and Digital Assets News and Trends: Achieving Digital Transformation and Securing Digital Assets - DLA Piper To remain competitive, companies find themselves increasing their efforts to digitally transform their businesses by developing new offerings based on emergingtechnologiesandintegratingthesetechnologies intoexistingproduct and service offerings. This bulletin aims to help companies identify important and significant legal developments governing the use and acceptance of blockchain technology, smart contracts and digital asset s. Read more. U.S. House Passes Bill That Would Require Disclosure of Beneficial Owners of U.S. Corporations and Limited Liability Companies - Greenberg Traurig A newly approved Bill could significantly increase disclosure requirements for Israelis invested inoroperatingbusiness intheU.S.TheCorporateTransparency Act of 2019 would require that the identities (including addresses and passport information) of the “beneficial owners” of US LLC’s or corporations be reported. Updated information would need to provided annually. While similar requirements are the norm in the E.U., it has until now been possible for many people to establish or invest in a U.S. entity while keeping their identity hidden. The bill, if enacted in law, would apply immediately to newly formed entities, with existing companies having two years to compl y. Read more. Does Section 1782 Apply to Discovery in Private International Commercial Arbitration Proceedings? - Greenberg Traurig Lifesciencescompaniesshouldpayattentiontoanongoingaction inDelaware that could have implications for whether they can obtain (or be subjected to) U.S. discovery in international arbitration under 28 U.S.C. § 1782. Section 1782 is a powerful tool that permits litigants to obtain broad discovery in the United States for use in international arbitrations, which traditionally do not provide for or allow significant discovery. But U.S. courts have found that not all international arbitrations qualify under this statut e. Read more. Nick Cherryman Bolsters Kobre & Kim’s Cross-Border Disputes Capabilities in the UK - Kobre & Kim Nick Cherryman, one of the leading international commercial disputes lawyers in London, joined Kobre & Kim as a partner in its London office this month. Mr. Cherryman handles complex multi-jurisdictional matters, including international judgment enforcement and asset recovery, insolvency, and other complex disputes frequently arising out of allegations of fraud and misconduc t. Read more. 28