LP disputes issues for VC firms in a Covid-19 context

Downturns tend to see investors seek safety, potentially causing them to push for early liquidity events or to withdraw capital. VC firms, on the other hand, may want to negotiate extensions to the terms of funds or the ability to reinvest profits to meet capital needs in an environment where fundraising may be challenging. Such […]

Co-shareholder disputes issues for VC firms in a Covid-19 context

The venture capital industry is likely to face many tough decisions in the coming months, including about which start-ups in need of capital should get it, and how portfolio companies should try to adapt to newly hostile conditions. Current portfolio companies seem likely to be the primary focus for many funds, in preference to new […]

After the deluge: three articles on disputes issues for venture capital in the context of Covid-19

While the Covid-19 pandemic is more than simply an economic disaster, it is increasingly clear that March 2020 will come to occupy a notorious place in financial history, potentially eclipsing the dark days of September 2008. As with the global financial crisis, the darkening economic landscape is likely to give rise to an increase in […]

Tracing stolen or ransomed cryptocurrency

How can you track a fraudster or blackmailer when you don’t know who they are? This is a potentially vast and knotty problem for victims of cryptocurrency fraud and ransom attacks. For fraud lawyers and specialists in asset tracing, the starting landscape is the inverse of what we are used to. In fraud cases involving […]

Crypto businesses: Update on AML and CTF Regulations

From 10 January 2020, the Financial Conduct Authority (FCA) became the supervisor of anti-money laundering (AML) and counter terrorist financing (CTF) for UK cryptoasset businesses under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as amended (MLRs). Who is being regulated? The MLRs will now apply to businesses […]

What are smart contracts?

In essence, a smart contract is a binding agreement written in code on a blockhain. The big idea behind it is that contractual performance can be automated, ensuring that contractual obligations happen automatically if the steps of the transaction occur as agreed. Many think this has significant potential to reduce the risk and cost of […]

The improving prospects of cryptoassets

The cryptoasset industry has been much in the spotlight recently, often for all the wrong reasons. It was reported by the Financial Times on 7 October 2019 that the FCA is investigating 87 firms in the cryptocurrency space, representing a 74% increase on the number investigations it carried out in the sector in 2018. To […]

UK Jurisdiction Taskforce releases statement on status of cryptoassets and smart contracts

The Law Society’s UK Jurisdiction Taskforce (UKJT) has published a legal statement on the status of cryptoassets, distributed ledger technology and smart contracts. The aim of the statement is to provide a degree of legal certainty and market confidence to an area that is becoming more and more prevalent in the global financial services industry […]

Previous Press

Read a selection of articles from the CYK Tech Group, published earlier in the year.