A payment bond guarantees payment of subcontractors, laborers, and suppliers on a project. Payment bonds are required on public projects for prime contracts.
Fund-level subscription-secured revolving lines of credit are a well-established instrument in the toolkits of a variety of private equity fund sponsors and managers.
California enacted its own version of New York's "BitLicense" law, the Digital Financial Assets Law (DFAL),1 becoming one of the first US states to implement a virtual currency-specific regulatory regime.
In a question and answer session moderated by Ken Gray, leader of Ward and Smith's Labor and Employment Practice Group, two in-house attorneys from prominent North Carolina.