Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Virtual currencies continue to gain acceptance in commercial transactions. As a result, financial institutions are beginning to accept such currencies as collateral for financings. Could this become common for independent film productions and other entertainment industry ventures? However, Article 9 of the Uniform Commercial Code (UCC) falls short of providing adequate guidance on how to create or perfect a security interest in virtual currencies. This uncertainty, and the consequent risks to lenders, are further exacerbated by the lack of helpful case law and non-uniform state laws. Recognizing this problem, the Uniform Law Commission and the American Law Institute in 2019 organized the Uniform Commercial Code and Emerging Technologies Committee to consider changes to the UCC intended primarily to address “digital assets” (a term used but not defined by the Code drafters), such as some virtual currencies.
*May exclude premium content
By Stan Soocher
Approval of all the co-owners of a copyrighted work is needed to grant exclusive rights to third parties. Despite that, any co-owner can sell that co-owner’s exclusive ownership share to third parties without the permission of the others The U.S. District Court for the Eastern District of California recently released an opinion that considered the interplay of these copyright issues.
By Michael T. Seeburger
Amidst pressure from sweeping legislation across the country, and still reeling from a major loss at U.S. Supreme Court, the NCAA suspended all rules prohibiting student athletes from profiting off their name, image and likeness.
By Scott Graham
The U.S. Copyright Office has found some big names for its Copyright Claims Board.
By Stan Soocher
N.Y. Federal Court Rules State’s Anti-SLAPP Statute Doesn’t Apply in Federal Court Lawsuits