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Law360: Navigating Section 363 As A Decentralized Autonomous OrgJune 16, 2022
O’Melveny partner William K. Pao, counsel Laura Smith, and associate Emma Persson co-authored this article discussing decentralized autonomous organizations, or DAOs, as instruments to acquire a wide range of assets. “DAOs do raise a number of questions about their appropriate legal status and tax responsibilities, and there are regulatory considerations too, but their fundraising capability is unquestionable,” the authors wrote. “Understanding the underlying legal nature of DAOs is critical to any analysis, and practitioners would be wise to closely monitor the legal issues surrounding DAOs, including their role in federal bankruptcy cases going forward.”
Read the full article here.