Blockchain
Schulte Roth & Zabel Strengthens Business Reorganization Group with Addition of Ned S. Schodek
Schulte Roth & Zabel today announced that Ned S. Schodek has joined the firm as a partner in the Business Reorganization Group, based in the New York office.
Ned focuses his practice on representing creditors (with a focus on fund clients), ad hoc creditor groups, debtors, acquirers of assets, and other parties-in-interest in large and complex prepackaged, pre-negotiated and traditional Chapter 11 bankruptcies, out-of-court workouts, debtor-in-possession financings, adversary proceedings, and broker-dealer liquidations.
“I’m thrilled to join SRZ’s outstanding restructuring team, to help guide clients through what continues to be a very dynamic market,” said Schodek. “Between inflationary pressures, the prospect of higher interest rates, uncertainty regarding the pandemic’s impact on market demand, and global instability, the need has never been more acute for investment managers and other institutions to assess their risk profiles and for companies to consider opportunistic recapitalizations and access to liquidity.”
Ned also advises financial institutions in closing out and structuring new derivatives transactions with distressed entities. He is a former Co-Chair of the Courts and Legislation Subcommittee of the Committee on Bankruptcy and Corporate Reorganization of the New York City Bar Association.
“We are so excited Ned is joining us,” said Douglas Mintz, Partner and Co-Chair of SRZ’s Business Reorganization Group. “He’s an awesome attorney and a great addition to our top-tier restructuring practice.”
“Ned joins a Business Reorganization group that has seen client demand for our services double since 2020. During that time, the group has worked on a number of high-profile restructurings, including Puerto Rico, American Achievement Corporation, Trimark, and PG&E, among many others,” said Adam Harris, Partner and Co-Chair of SRZ’s Business Reorganization Group. “Our clients look to us for strategic guidance to manage their way through these highly complex restructurings and Ned adds specific experience that will help our clients achieve their desired results.”
“Ned’s background and expertise further strengthens our ability to advise clients in an unpredictable economy, particularly on the creditor side of the equation,” said Schulte Roth & Zabel co-managing partner Marc Elovitz. “SRZ has an industry-leading private funds practice. We look forward to Ned’s insights as we help our clients navigate growth opportunities and challenges alike,” Schulte Roth & Zabel co-managing partner David Efron continued.
Schulte Roth & Zabel continues to add substantial talent in strategic practice areas to address emerging client needs in both the public and private markets. Ned joins new partner Alexander Kim, who recently joined the Intellectual Property, Sourcing & Technology Group. Other strategic hires include Douglas S. Mintz in the Business Reorganization Group, Mike Flynn, Jeffrey Symons and Brian C. Miner in the M&A and Securities Group, Gayle Klein in the Litigation Group, and Gregory Ruback in the Finance and Derivatives Group.
Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
Digital Payment Gateway Market
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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