MIAMI, FL – January 9, 2019 – Alan R. Rosenberg, member of the firm’s Restructuring + Insolvency practice group, served as a panelist at the 2019 Caribbean Insolvency Symposium in Grand Cayman presented by the American Bankruptcy Institute and the Recovery and Insolvency Specialists Association. Rosenberg’s panel was entitled “Blockchain, Bitcoin and Beyond: Getting Current on Digital Currency” and discussed blockchain and cryptocurrency, focusing on the basic terminology and how various agencies of the U.S. government treat cryptocurrency, in particular the Internal Revenue Service, the Commodity Futures Trading Commission, and the Securities and Exchange Commission. The panel examined how security interests in cryptocurrency are perfected under Article 9, and whether transfers of cryptocurrency can be avoided pursuant to 11 U.S.C. § 548 or clawed back as preferences pursuant to 11 U.S.C. § 547, as well as whether interests in cryptocurrency can be claimed exempt under 11 U.S.C. § 522, with a focus on Florida. The panel also discussed issues concerning whether initial cryptocurrency coin offerings are dischargeable under 11 U.S.C. § 522, how digital currency is changing the way business is conducted, which industries have been early adopters of digital currency, and whether digital currency is here to stay. Finally, the panel discussed the Cayman perspective on digital currency, as well as current developments and trends.
A focus of Rosenberg’s practice is cryptocurrency and its impact on various areas of the law. To that end, Rosenberg has published several articles and spoken on the topic. In addition, Rosenberg represents Chapter 7 and Chapter 11 bankruptcy trustees, as well as creditors, debtors and other parties-in-interest, in all aspects of insolvency proceedings and bankruptcy-related litigation, including, but not limited to, the sale of bankruptcy estate assets and the pursuit and defense of avoidance actions and other litigation claims. He also represents individual and corporate clients in commercial litigation claims and real estate transactions.
Markowitz Ringel Trusty + Hartog concentrates on the representation of businesses, institutions, fiduciaries, and individuals across several practice groups, which include Restructuring + Insolvency, Litigation + Dispute Resolution, Real Estate + Business, Probate + Guardianship, and Trusts + Estates. Dedication to clients and service to the community are the principles upon which Markowitz Ringel Trusty + Hartog were founded in 1980, and upon which it still operates today. For more information, please visit www.mrthlaw.com.