Quarterly Newsletters
In 2022, the committee published newsletters in March and October featuring seven articles. Our March 2022 newsletter included articles comparing the methods for liquidating the assets of distressed companies and discussing developments arising from the Supreme Court’s holding in City of Chicago v. Fulton. Our October 2022 newsletter was incredibly timely; it featured an in-depth article on the ownership and valuation of cryptocurrency assets held in the custody of a cryptocurrency exchange. Also featured was an article by a career law clerk on her 21 years of working for the court system, an article on pleading “reasonable due diligence” in preference actions, and an article on the assignability of intellectual property licenses.

Intrinsic Value as a Proper Valuation Method for Custodially Held Crypto Assets
When a record owner of crypto assets held in exchange custody files for bankruptcy, trustees and counsel must acknowledge the risk of an exchange bankruptcy during the pendency of the record-owner’s bankruptcy case. As discussed in Part One, crypto assets held in exchange custody cannot be valued according to face value due to the risk an exchange bankruptcy’s automatic stay will prevent the record-owner from exercising its directing interest over the assets

I’m a creature of habit, to be sure. It wouldn’t be the holidays without talking about a classic holiday movie: Frank Capra’s 1946 classic It’s a Wonderful Life. It’s the story of George Bailey, who inherits the Bailey Building & Loan Association founded by his father in the 1940s, and who forgoes his dreams of traveling the world to instead help the multicultural residents of fictional Bedford Falls, N.Y., realize the dream of home ownership.