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Beginning last week and continuing over this past weekend, there were several key developments from federal regulators related to failure of Silicon Valley Bank SVB, Signature Bank, broader issues of FDIC deposit insurance protections and current bank liquidity challenges.
Signature Bank, New York, NY was closed on March 12, 2023 by New York Department of Financial Services, Federal Deposit Insurance Corporation FDIC was appointed as receiver. This is one of several key developments in the current banking industry.
The German Federal Fiscal Court (BFH, Urteil vom 14. Februar 2023 – IX R 3/22) confirms the opinion of the fiscal court of Cologne that sales profits from cryptocurrencies are taxable....
USD LIBOR expected to end June, 2023 with numerous legal financial implications to consider, especially as remediation of leveraged loans and other commercial loans needs to progress further according to the Alternative Reference Rates Committee ARRC meeting in February 2023
In international construction contracts, few legal matters are more important than the definitions of "Claim" and "Dispute" or the procedure for the "Dispute Avoidance/Adjudication...