The days when investing in cryptocurrencies was an unknown, risky venture reserved for the most daring investors are long gone. According to a recent Pew Research study, nine in ten Americans have heard of cryptocurrencies, and 16 percent have invested, traded, or utilized cryptocurrencies directly. In Europe, according to estimates from the European Securities and Markets Authority, the market capitalization of all crypto assets has surged eightfold over the past two years,

Does a trustee have a fiduciary duty to meet a discretionary beneficiary’s needs? If you were to read the petitioner’s reply brief filed ahead of the 2019 decision of the Supreme Court of the United States in North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust, 139 S. Ct. 2213 (2019), you might be mistaken for thinking so. Although that decision concerned the limits of a state’s power to tax a trust, an interesting aside of more general impor

The New Jersey Department of Labor and Workforce Development recently fined Uber and its subsidiary Rasier $100 million for wrongly classifying its drivers as independent contractors. Under New Jersey’s worker misclassification law, a worker can be classified as an independent contractor if they meet three prongs: first, the worker is free from control or direction over the performance of their services, both under their contract and in fact; second, the worker’s service is e

Pressure on ESG A corporation's long-term health and prosperity is still a significantly undervalued figure when compared to short-term profit. Latest developments include letters to Blackrock from attorneys general and state legislation proposals from republican states, which criticize investment decisions, based on ESG factors. The letters want “neutrality” in investment decisions instead of a net zero climate agenda as the main strategic consideration. However, in the worl

The World Bank defines Green Bonds as financial instruments which finance (or refinance) green projects and provide investors with regular or fixed income payments. Over 70 countries have pledged to reach net zero carbon emissions by 2050, an exercise which according to McKinsey will require close to $9.2 trillion to be spent each year to develop new green assets and decarbonise the global economy. With over $1.9 trillion raised through green bonds, they have often been hail