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AG v VD[ 2021] EWFC 9
Matrimonial finance proceedings with a jurisdictional issue resolved in favour of the English court despite previous financial proceedings in Russia. H lost on his assertion that he had transferred most of his wealth to his son from a previous marriage. But H’s substantial assets from property development businesses were determined to be pre-marital. The matter therefore concluded with an award based on need, not on sharing as sought by W.
Background
The relationship was one of only 8 years and the parties had no children from their union (although each had offspring from previous marriages, the youngest being W s daughter, 17 years old). H was 56 and W was 51 at the time of the judgment. W sought to make a sharing claim, seeking a transfer of the matrimonial home and a lump sum of £3.8m (para 126). H argued that the court in Russia, where the parties divorced and where financial proceedings first took place, made a fair and reasonable award (para
Tuesday, February 16, 2021
In recent days, several major companies have moved toward implementing cryptocurrency transactions in their business. Tesla stated in its recent Annual Report that it had “invested an aggregate $1.50 billion in bitcoin” and expected to “begin accepting bitcoin as a form of payment for [its] products in the near future.”
[i] Mastercard announced that it would “start supporting select cryptocurrencies directly on [its] network” in 2021.
[ii] And BNY Mellon issued a press release regarding the opening of a new “enterprise Digital Assets unit” to assist customers in their custody and administration of cryptocurrency holdings.
[iii]
Despite these strides toward mainstream acceptance of cryptocurrency for use in everyday transactions, there is legal risk under the securities laws, including SEC enforcement risk, surrounding the release and implementation of new cryptocurrencies. The former Chairmen of the SEC and CFTC publ
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