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Electronically In Touch The official e-newsletter and blog of the Young Lawyers Section of the New York State Bar Association Boilerplate Series By: Zach Levin, Esq. and Nick Scannavino, Esq. While legal

On May 29, 2018, documents were made public showing that the U.S. Securities and Exchange Commission (SEC) obtained a court order from a Federal Court in Los Angeles to shut down an ongoing initial coin

On May 14, 2018, the U.S. Supreme Court in Murphy v. NCAA ruled in favor of New Jersey Governor Phil Murphy regarding the constitutionality of the Professional and Amateur Sports Protection Act of 1992

While legal contracts can be intimidating, many of the provisions follow recognizable patterns that can be broken down into simple, comprehensible pieces. Our boilerplate series focuses on the standardized

At a FinTech conference on May 2, 2018, SEC Commissioner Hester Peirce shared her thoughts on how the SEC and other regulators should go about regulating the ICO market.  Focusing on the evolving

If you’re looking to raise money for your startup, whether through a VC financing or an ICO, you need to be mindful of applicable securities laws. Under U.S. federal securities laws, the offer and sale

Scannavino Law LLP is a boutique law firm based in New York City offering legal and strategic advice to forward-thinking entrepreneurs, startup companies, and startup investors. Founded by former Big Law

The National Venture Capital Association (NVCA) recently released updates to its model legal documents for the first time since 2014.  The model forms were created in an effort to introduce efficiency

Scannavino Law LLP is a boutique law firm based in New York City offering legal and business advice to forward-thinking entrepreneurs, startup companies, and startup investors. Founded by former Big Law

While legal contracts can be intimidating, many of the provisions actually follow recognizable patterns that can be broken down into simple, comprehensible pieces. Our boilerplate series focuses on the

Delaware (DE) is the preferred state of organization for many companies, and if your company is so organized, one of your primary legal obligations is to pay your annual franchise taxes.  When a future

On March 7, 2018, the U.S. Securities and Exchange Commission (SEC) released a public statement on potentially unlawful online platforms for trading digital assets.  The statement addresses certain

Scannavino Lamb LLP is a boutique law firm based in New York City offering legal and business advice to forward-thinking entrepreneurs, startup companies, and startup investors. Founded by former Big Law

On February 21, the U.S. Securities and Exchange Commission (SEC) brought charges against a former cryptocurrency exchange platform and its founder for violations of the registration and anti-fraud provisions

Initial Coin Offerings (ICOs) had a breakout year in 2017.  With over $5B raised across nearly 800 deals, ICOs provided more funding to blockchain startups than equity financings in 2017.  This

On February 6th, the U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on virtual currencies in which testimony was provided by the Chairman of the U.S. Securities and Exchange

How to Issue Equity to Employees and Advisors?

6 Key Financial Terms of a Startup Convertible Note and the Typical Market Ranges for These Terms

As we start this new year (and as the tax realities of 2017 settle in), we have been receiving quite a few questions regarding the tax implications of token sales and cryptocurrency exchanges. Purchasers

Many startup companies look to advisors to provide strategic advice and counsel on company operational matters.  In contrast to putting together a Board of Directors, building a team of advisors