Legal

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/Legal

Wall Street Blockchain Alliance joins Accord Project

The Wall Street Blockchain Alliance (WSBA), an industry-leading non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology and cryptoassets across global markets, is pleased to announce that it has joined the Accord Project.

/startups

Simmons & Simmons announces four winners of 2018 FinTech Fund

On 27 September 2018, at an official launch event in London, leading international law firm Simmons & Simmons announced the businesses that will make up the third cohort to receive support from the firm’s FinTech Fund.

/Legal

Legal problems holding back blockchain-based trade finance: research

R3, Shearman & Sterling, and BAFT (Bankers Association for Finance and Trade), have released a technical paper, ‘Code Is Not Law: The Legal Background for Trade Finance Using Blockchain’, which examines the paths to securing legal recognition for “electronic negotiable instruments.”

/Legal

Fintech lobby group opens North American division

The Financial Data and Technology Association (FDATA), which played a pivotal role over the last five years in crafting the design and implementation of open banking standards in the United Kingdom and in Europe, announced today the launch of a North American arm, FDATA North America.

/Legal

Crypto exchange IronX awarded licence in Estonia

IronX, the new Crypto Exchange joint venture between leading global online broker IronFX Group and EmurgoHK, creator of the Cardano Blockchain, today announces it has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).

/Legal

Mastercard settles US merchant class-action suit

Mastercard has reached an agreement to settle monetary damages claims in the U.S. merchant class-action litigation

/Legal

Adaptive appoints new non-exec directors

Adaptive, a software consultancy specialising in real-time trading systems, has selected senior investment banking and legal non-exec directors to sit on its board.

/Legal

CFTC wins cryptocurrency court case

A New York federal court entered final judgment ordering Patrick K. McDonnell of Staten Island, New York, and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), McDonnell’s New York-based company, to pay over $1.1 million in civil monetary penalties and restitution in connection with a lawsuit brought by the Commodity Futures Trading Commission (CFTC) alleging fraud in connection with virtual currencies, including Bitcoin and Litecoin.

/Legal

Diebold Nixdorf prevails in patent dispute

Diebold Nixdorf (NYSE: DBD) announced today that the U.S. Court of Appeals for the Federal Circuit reversed the decision issued by the International Trade Commission (ITC) against the company in a patent dispute against Nautilus Hyosung.

/Legal

Former State Street EVP convicted over scheme to defraud insitutional investors

A former executive vice president of State Street Bank & Trust was convicted today by a federal jury in Boston in connection with engaging in a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades.

/Legal

Lemonade files suit against One Insurance

Lemonade today filed suit against ONE Insurance, its parent, wefox Group, and founder, Julian Teicke. Any proceeds will go to Code.org.

/Legal

Patent abuse claims against FactSet and Revere to go to jury trial

A San Francisco state court has ruled that fraud and breach of contract claims brought by plaintiff Ashbury Heights Capital against FactSet Research Systems (NYSE:FDS), Revere Data and its founder Doug Engmann are sufficiently supported by evidence and may proceed to trial.

/Legal

Accord Project to support R3's Corda

The Accord Project, the legal industry body for smart legal contracts, and enterprise software provider R3 today announced a technology partnership to develop support for Corda, R3’s blockchain platform, in the open source legal layer incubated by the Accord Project.

/Legal

Mastercard and Cinkciarz trademark dispute grinds on

Cinkciarz.pl wins against MasterCard. The company refuted MasterCard's objections against the registration of the Cinkciarz.pl company trademarks. In Europe alone Cinkciarz.pl has won every one of the 12 proceedings in which a decision has been made.

/Legal

Barclays and the Law Society launch 'law-tech' incubator

Barclays today launched a new law-tech incubator in partnership with the Law Society.

/Legal

FRT class action recovery tech to be made available on Eagle platform

Financial Recovery Technologies (“FRT”) and Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, have established a strategic alliance to offer Eagle clients FRT’s industry-leading securities class action recovery services.

/Legal

Law firm Nixon Peabody joins Wall Street Blockchain Alliance

The Wall Street Blockchain Alliance (WSBA), an industry leading non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology around the world, is proud to announce that the global law firm of Nixon Peabody LLP has joined the organization as a corporate member.

/Legal

Cinkciarz wins trademark appeal in EU Court of Justice

In 2015, the EUIPO (European Union Intellectual Property Office) made the decision to refuse to register Cinkciarz’s logo as an EU trademark. The company has its day in court as the EGC (European General Court) reverses the prior ruling.

/Legal

Addleshaw Goddards unveils six finalists for Elevate fintech programme

Addleshaw Goddard has today announced the six FinTechs who have been selected for its 2018 'AG Elevate' programme.

/Legal

Thomson Reuters collaborate with eBrevia for AI-driven contract remediation

Thomson Reuters has teamed up with eBrevia, a leading machine-learning contract analytics platform, to help enterprises tackle large and complex contract remediation projects involving commercial contracts.