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Jeff Peterson

BNP PARIBAS TO USE BLOCKCHAIN PLATFORM TO ISSUE MINIBONDS

September 21, 2020/in Corporate Transactional Law, Personal /by Jeff Peterson

First it was bitcoin, then it was stocks and now minibonds are becoming more and more part of the Blockchain technology sphere.

What Is Blockchain?

Blockchain technology is a way to structure data – here, the pertinent details of securities transactions – as a digital ledger of sorts across a network of computers. Pursuant to the French government’s initiative to allow private companies to issue minibonds with the use of crowdfunding platforms, BNP Paribas Securities Services has just announced it will expand its blockchain program for private stocks to allow private companies to issue minibonds via such platforms. 

What Is The Use of Blockchain?

BNP Paribas is also working on a distributed ledger to register all minibonds issued over the platform and record all related transactions and changes of ownership. The hope is that this will create a more standardized, efficient process. 

BNP Paribas’s press release on the new program is at the below link:

https://group.bnpparibas/en/press-release/bnp-paribas-securities-services-expands-blockchain-platform-private-stocks

Jeff Petersen is an attorney licensed in California and Illinois helping clients with regard to a broad range of securities matters. He can be reached in California at 858.792.3666 and in Illinois at 312.450.4584.

https://lawofficesjtp.com/wp-content/uploads/2021/11/iStock-1277730987-scaled.jpg 1294 2560 Jeff Peterson https://lawofficesjtp.com/wp-content/uploads/2021/11/JTPlogo-01.png Jeff Peterson2020-09-21 14:57:002022-02-10 10:43:44BNP PARIBAS TO USE BLOCKCHAIN PLATFORM TO ISSUE MINIBONDS
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Jeff Peterson

BIG DATA IN LAW: FINDING THE RIGHT HORSE TO BACK IN COURT

September 16, 2020/in Corporate Transactional Law /by Jeff Peterson

Evolution of Data in Law

Data analysis has become commonplace in our society. Even the most analog of us have been exposed to it in popular culture, from books/movies like “Moneyball” to apps like Pandora that can present a playlist of different groups based on a single artist you’ve chosen. The thrust of this number crunching is always the same: to do what we’ve always done, but do it better. 

Now it appears that data analysis is finding its way into an offshoot of the legal industry that has been steadily growing over the past fifteen years: lawsuit funding. An article in the National Law Review (link below) details the startup Legalist, which uses an algorithm to identify promising civil lawsuits to finance in exchange for a portion of the settlement or judgment. 

The Changing Attorney-Client Dynamic

These lawsuit funding companies are looked down upon by many in the legal industry as scavengers trying to make a buck off injured plaintiffs by inserting themselves into a case and throwing off the typical dynamic in an attorney-client relationship. Detractors also contend that such companies make cases more difficult to settle, by providing monies that may give a plaintiff a false sense of confidence. The contrary points are that such companies can provide an efficient allocation of capital to an arena which rarely sees it, and allow a plaintiff to get a just result when dire financial straits would dictate otherwise. 

Navigating These Changing Landscapes

Whatever your feelings about the practice, after fifteen years it appears it’s here to stay. And if companies are applying the latest in technology to provide funding for cases with potential big payouts, the typical defendants in high-target litigation areas should prepare themselves for a changing landscape in the next couple years. The big question to ponder for the future, though, is this: when will Big Data funding companies begin to provide financing to actually initiate lawsuits, and are there any future defendants who will someday see a significant expansion of litigation against them? 

Link: http://www.natlawreview.com/article/lawsuit-algorithm-latest-big-data-rage

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