In the midst of a global pandemic and the health crisis that ensued 2021 was a notable year for the cannabis industry. While the overall trends were positive there were some disturbing developments in the biggest single state market-California. National Congress Tries and Fails to Enact Meaningful Legislation Hope emerged in Congress with the introduction of 69 bills or resolutions…
YK Law, a United States law firm in association with leading Chinese law firm Yingke International, is excited to announce that Andrew Koussevitzky, Esq. will be joining the firm as legal counsel. Koussevitzky is the founder of Koussevitzky Law, a law firm helping cannabis operators navigate California’s robust regulations, offering services such as business licensing, corporate guidance, ongoing compliance support…
Almost ten years ago, Colorado and Washington became the first two states to legalize recreational marijuana. In that time, the cannabis industry has exploded throughout the United States and worldwide. Legal marijuana sales are expected to reach $22 billion nationwide by next year, and globally sales are forecasted to reach nearly $73.6 billion. While many investors may be eyeing the…
YK Law LLP, a United States law firm in association with leading Chinese law firm Yingke International, was a proud sponsor of this year’s MedTech Innovation Forum, an annual medical technology and device-focused event in Orange County, California. The event explored the myriad of breakthroughs and advancements that took place at the intersection of the healthcare and technology industries over…
Recently we have seen a great deal of interest from investors investing in cryptocurrencies and governments and regulators seeking to rein in the excesses. Background In the U.S. Congress, early drafts of the Infrastructure Bill contained reporting obligations for trading platforms and holders of cryptocurrencies. In July 2021, a Presidential Working Group consisting of the heads of the SEC, CFTC,…
In New York State, all divorce proceedings must be filed in the Supreme Court in one of New York’s 62 counties, with the appropriate county depending on where the parties reside. The Supreme Court can also adjudicate child custody and visitation disputes if they are related to a matrimonial matter. By contrast, you cannot get a divorce in Family Court,…
Chinese e-commerce sellers file class-action lawsuit accusing defendants of refusing to remit funds from seller accounts for incentivized reviews activity LOS ANGELES – YK Law LLP has filed a class action lawsuit against Amazon and its various payment processor entities on behalf of Chinese e-commerce plaintiffs following the company’s recent ban and delisting of an estimated 50,000+ Amazon Marketplace seller…
September 22, 2021 The U.S. Securities and Exchange Commission (SEC) issued an alert to investors this week warning about potential risks in investing in U.S.-listed companies that have contracts with but no control over operating entities in China. This arrangement is commonly known as a variable interest entity (VIE) structure under which the U.S.-listed company’s wholly owned subsidiary in China…
Jesse Weiner An official notice recently issued by the China National Radio and Television Administration (NRTA) has called a boycott on actors or other art personnel they consider to be unethical. (click here to see the original regulation notice (in Chinese) 《关于进一步加强文艺节目及其人员管理的通知 (“Notice on Emphasizing the Management and Regulation of Entertainment Programs and Related Personnel”) (the “Notice”).This is causing a…
On August 10, 2021, the Commodities Futures Trading Commission (“CFTC”) and the Financial Crimes Enforcement Network (“FinCEN”) announced a $100 Million settlement with BitMEX, a company claiming to be the largest cryptocurrency derivatives platform in the world. BitMEX offered derivatives trading in bitcoin, ether and litecoin. As part of the settlement, BitMEX agreed to: (i) pay a fine of $100…