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DAO Deemed 'General Partnership' in Negligence Suit over Crypto Hack, Prompting Decentralized Orgs to Rethink Corporate Formation | Proskauer - Blockchain and the Law

Published: May 1, 2023

In what appears to be an issue of first impression, a California district court ruled that various defendants allegedly holding governance tokens to the bZx DAO (or “Decentralized...

Source: jdsupra.com

Related Topics:

United States Kyle Kistner Commodity Futures Trading Commission Autonomous Organization Partnership Issue Defendants Tom Bean Ooki Protocol Hashed International Leveragebox Defendants Hashed Defendants Leveragebox Defendant Uniform Nonprofit Associations Act

California Court Finds DAO Can be General Partnership - Vimarsana News

California Court Finds DAO Can be General Partnership

Published: April 29, 2023

Ruling on an issue of first impression, the instant case offers the first court decision treating a DAO as a general partnership and ruling that anyone holding the appropriate DAO governance token at the relevant time could be liable in Sarcuni v. bZx DAO.

Source: natlawreview.com

Related Topics:

United States Kyle Kistner Autonomous Organization Commodity Futures Trading Commission Partnership Issue Defendants Tom Bean Ooki Protocol Hashed International Leveragebox Defendants Hashed Defendants Leveragebox Defendant Uniform Nonprofit Associations Act Arcuniv Bzx Dao Decentralized Autonomous Organization Commodity Futures Trading Commission E Bzerox General Partnership Shared Liability