With Web3 on the horizon and digital transformation in the air, blockchain technologies like smart contracts are becoming more common in business processes. Every company should be asking how can you incorporate these technologies into your business model. For context, a smart contract is a self-enforcing piece of code that exists on a blockchain and
Introduction Per Investopedia, foreign direct investment occurs Foreign direct investment occurs when an individual or a company acquires “an ownership stake in a foreign company or project made by an investor, company, or government from another country. Post-pandemic, foreign direct investment is again on a growth track, and as with other trending industries or growth
Even with some high-profile enforcement actions and general mayhem in the blockchain industry (see here and here), many founders continue to build their projects, gain traction in the market, and receive funding. We know this because we speak with many such entrepreneurs every week. Below is an excerpt from an email I recently sent to
U.S. shippers of electric and hybrid vehicles that do not understand and abide by their IMDG compliance obligations risk severe consequences. U.S. shippers/exporters of new and used electric and hybrid vehicles face complex compliance issues when shipping aboard oceangoing vessels, not least of which is the International Maritime Dangerous Goods Code (“IMDG Code”). Sometimes, carriers
Introduction In a recent development, L&T Technology Services (LTTS), an India-based company with U.S. offices, has agreed to pay over $9.9 million to settle allegations of visa fraud. The company was accused by the U.S. Department of Justice of underpaying visa fees by acquiring cheaper B-1 visas instead of the more expensive H-1B visas, which
Are Smart Contracts Legal Contracts? If you have been following the news around Web3 lately, you may have heard of smart contracts. They are used in a wide variety of decentralized digital transactions, including NFT sales, decentralized autonomous organizations (DAOs), and decentralized applications (dApps). Because smart contracts can relieve some of the hassle involved with
On April 18, 2023, the U.S. Department of Commerce (“DOC”) Assistant Secretary of Export Enforcement released a report clarifying the DOC’s policy on Voluntary Self-Disclosure (“VSD”) and Disclosures Concerning Others (“DCO”). Addressing first its policy on VSD, the new policy sought to further incentivize the submission of VSDs when industry or academia uncover “significant” possible
REGISTER HERE In this webinar, Harris Bricken attorneys Akshat Divatia, Tom Oster, and Jack Scrantom, will discuss the Administrative Procedures Act (APA) as a tool for seeking relief in Federal Courts against US immigration authorities. US immigration authorities have become increasingly unreasonable, and both temporary and permanent immigrant visa petitioners and beneficiaries regularly face a
On the heels of this post I wrote last month about the importance of how an arbitration clause is drafted, especially in the international context, I’m happy to report my colleagues recently defeated a motion to compel arbitration based on an incomplete provision. The Arbitration Provision in Question Our client (plaintiff) entered into a contract
We’re thrilled to share that we recently achieved a favorable settlement with the U.S. Attorney’s Office for the district of Alaska in an Administrative Procedure Act (APA) claim against the U.S. Citizenship and Immigration Services (USCIS) and the U.S. Department of Homeland Security (DHS) for one of my law firm’s employment-based immigration clients. USCIS had
