Liquidation Value – Event Planer http://eventplaner.net/ Mon, 27 Jun 2022 05:10:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://eventplaner.net/wp-content/uploads/2021/03/cropped-favicon-32x32.jpg Liquidation Value – Event Planer http://eventplaner.net/ 32 32 Notes for debtors filing for bankruptcy protection https://eventplaner.net/notes-for-debtors-filing-for-bankruptcy-protection/ Mon, 27 Jun 2022 05:10:07 +0000 https://eventplaner.net/notes-for-debtors-filing-for-bankruptcy-protection/

DDebtors meeting the conditions for bankruptcy under the corporate bankruptcy law may file in a court of competent jurisdiction for protection in the form of termination of interest accrual, release from retention, stay execution, release of unexecuted contracts or restoration of credit.

Legal entry into bankruptcy proceedings gives debtors an advantage in negotiations, preserving asset integrity and operational sustainability to pave the way for recovery after reorganization or debt liquidation.

Wang Zhenxiang
Partner
Jingtian and Gongcheng

Debtors should consider filing for bankruptcy for protection under the following circumstances: (1) Otherwise, the assets will be split and severely depreciated, compromising the company’s ability to resume operations; (2) the relationship between the debtor’s assets and debts is too complicated for enforcement, resulting in accrual of interest; (3) certain creditors, lacking a basis for enforcement, may lose the possibility of indemnification, triggering the joint and several liability of the guarantors; and (4) large administrative, delinquent, and criminal fines can tax civil resources for creditors’ claims.

Debtors filing for bankruptcy should pay attention to the following points.

CONDITIONS AND PETITIONS

The bankruptcy filing requirements state that the debtor filing for bankruptcy must be unable to settle the debts due and not have sufficient assets to settle all the debts, or be manifestly insolvent. Bankruptcy petitions meeting the conditions will be accepted by the courts, but this does not mean that the debtor is already bankrupt or has entered into liquidation or annulment.

The bankruptcy plaintiff can be the debtor himself or, in accordance with the laws and agreements, the liquidation group and the creditor. The debtor and the declarant for enforcement can submit written documents to the enforcement court asking the judge to refer the case for bankruptcy review.

JURISDICTION

In the event of a company filing for bankruptcy, the court of the debtor’s domicile – or of the registered office – is competent. In practice, to prove that its registered office is located within the jurisdiction of a certain court, the applicant may submit proof of the right to use real estate, such as a title deed, a house rental agreement, a real estate service contract, a real estate company certificate, any address disclosed in legal or business dealings, or related documents.

Generally, the office address of corporate authority, such as directors, supervisors and senior management, or displayed on the official website or other online platforms, is easily accepted. But notarized documents issued by a notary can also be provided if necessary. If the debtor’s registered office is different from the place of registration, the court may fix as domicile the address registered with the market surveillance and management department.

In cases of merger and bankruptcy of affiliated companies, the court of the domicile of the principal entity is competent or that of the place where the principal asset is located if the principal entity is not clear. In cases of “forced execution”, jurisdiction will be determined according to the domicile of the object of execution.

In terms of level of jurisdiction, the court of first instance or a specially created bankruptcy court at the domicile of the debtor will have jurisdiction. In Shanghai and other regions, the cases of listed companies, financial institutions and enterprises licensed and registered by the State Administration for Market Regulation are handled by intermediate courts, as well as for licensed enterprises and registered by provincial/municipal/autonomous market surveillance offices, qualified in the scale of assets, or as required for other reasons.

DOCUMENT SUBMISSION

Debtors intending to declare bankruptcy must prepare the following documents:

Proof of the qualification of the debtor as a subject and application documents established by legal proceedings. The debtor must submit: A petition for bankruptcy or a concurring response to the petition, listing the basic status of the debtor, the type of bankruptcy filed, and the related facts and grounds; proof of subject qualification and business registration documents; and evidence that the shareholders’ meeting or other body of authority has consented to the bankruptcy filing, such as a board resolution for foreign-invested companies, or a consent document issued by the statutory body assuming the responsibilities of investor for companies with exclusively public capital.

Documents describing the assets and debts of the debtor. The debtor must submit written financial statements, a breakdown of external investments and accounting reports or annual audit reports within three years, together with a list of current contracts and a list of debtors, as well as a list of creditors and descriptions of known disputes, arbitrations and enforcement.

Documents provided preferably in case of reorganization or settlement. Debtors with such intentions are advised to prepare an employee placement plan listing compensation plans, placement challenges and key solutions; and a reorganization feasibility analysis report explaining the salvage value and presenting arguments and evidence of how the business can regain sustainable operational capability through bankruptcy proceedings.

Special documents required for certain types of businesses. If the debtor is a listed company, the provincial government’s notification and stability maintenance plans to the China Securities Regulatory Commission (CSRC) must be submitted, together with the CSRC’s response.

If the debtor is a financial institution, the reorganization feasibility analysis report and the consent or approval of the regulator must be submitted.

If the debtor is an exclusively state-owned company or a state-owned holding company, it must obtain approval from a higher authority.

REDRESS FOR FAILED PETITION

When filing for bankruptcy, the debtor may ask the court to issue proof of receipt of the request and supporting documents. If additional and corrective documents are required, the court must notify the debtor to provide them within five days of receiving the request.

If the court does not accept the request, does not issue the acknowledgment of receipt or does not make a decision whether or not to accept the request, the debtor can file for bankruptcy with a higher court. If the court decides not to accept the request, the debtor may instead file an appeal with the higher court within 10 days of receiving the decision.

Wang Zhenxiang is a partner at Jingtian & Gongcheng

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Jingtian and Gongcheng

Room 3001, Area A, China Resources Tower
No.1366 Qianjiang Road, Hangzhou 311500, China

Tel: +86 571 8992 6523

Fax: +86 571 8992 6501

Email: wang.zhenxiang@jingtian.com

www.jingtian.com

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CBRE Group: High Quality Company at a Fair Price (NYSE: CBRE) https://eventplaner.net/cbre-group-high-quality-company-at-a-fair-price-nyse-cbre/ Fri, 24 Jun 2022 20:16:00 +0000 https://eventplaner.net/cbre-group-high-quality-company-at-a-fair-price-nyse-cbre/

MOZCO Mateusz Szymanski/iStock Editorial via Getty Images

Investment thesis

CBRE Group (NYSE: CBRE) is a high-quality company that occupies a unique position in the commercial real estate sector by acting as a game of picks and shovels in the industry; it basically functions as a royalty on the growth of others. It also operates relatively under the radar and has consistently increased its revenue, earnings, and free cash flow over the years.

The stock has fallen more than around 33% from its December 2021 high, but the underlying business continues to grow, giving investors a good opportunity to buy shares in a wonderful company. at a fair price.

Background

Founded in 1906, CBRE Group is the world’s largest commercial real estate services and investment company (based on 2021 revenue). It functions as a holding company and operates through the following segments:

  • Global Workplace Solutions: provides a suite of integrated and contract outsourcing services to property occupiers (eg facilities management and project management); typically multi-year, multi-service outsourcing contracts (~62% of revenue).

  • Advisory services: provides a full range of services globally, such as leasing services (property rental), capital markets (property sales and mortgage services), property management and appraisal services (~34% of income).

  • Real estate investments: includes investment services provided globally, development services in the US, UK and continental Europe, and legacy office space solutions (~4% of revenue ).

CBRE generates both stable and recurring sources (large multi-year portfolio and contracts per project) and more cyclical and non-recurring sources (commissions on transactions). Their revenue mix has become more heavily skewed towards stable revenue streams (~62% of revenue) and its reliance on cyclical real estate sales and rental transaction revenue has decreased. In 2021, the company generated revenue from a diverse customer base, including more than 93 of the Fortune 100 companies.

The company’s main competitors include Jones LaSalle (JLL), Cushman & Wakefield (CWK), Colliers International Group (CIGI) and Newmark Group (NMRK), among others. CBRE has more than 105,000 employees and operates in more than 100 countries.

Evaluation

With 332 million shares outstanding and a current price of around $72, the market capitalization is around $24 billion.

QuickFS (CBRE Group)

QuickFS (CBRE Group)

CBRE has steadily increased its revenue, earnings and FCF over the past decade. CAGR over 10 years:

  • Revenue: 16.7%

  • FCF: 26%

  • PES: 22%

It looks like the company will earn between $4 and $5/share, so it is currently trading between 14 and 18 x PE. For a company that has consistently demonstrated growth on every metric and is earning returns on equity >20%, I would say CBRE is a high quality company and is trading at an attractive valuation.

  • PER: $4-5 per share, which puts the P/E at ~14-18x

  • P/P: 2.5x (not very relevant because CBRE is a real estate services company and has profitable operations, so it should not be valued on a liquidation basis)

  • EV/FCF: ~12x

  • P/S: 0.8x

  • Yield: no dividend

  • Leverage: low leverage, debt/equity of 0.9x

Since CBRE is a higher quality company, it makes sense to also assess it based on its return on equity and consider more “qualitative” factors, such as economic moat and underdeveloped business model. underlying (think Buffett’s See candy). CBRE has always been in the ~21% ROE range (keep in mind the average ROE is probably ~10-12%). If you assume that an asset’s return will approximate ROE, then CBRE is clearly a high-quality company to keep for the long term (even if you pay for it).

Underlying business model

The majority of its business involves providing contract outsourcing services to property occupiers (Global Workplace Solutions segment) and generating commissions from providing services to real estate investors (Advisory Services segment). It’s harder to imagine a better business in the entire real estate ecosystem; in times of inflation, CBRE will be able to raise prices accordingly, all without having to worry about the higher interest rates that plague the typical real estate investor. In short, CBRE’s business operates quietly behind the scenes and is strategically placed in the industry.

For a similar company in the healthcare industry, check out my recent article on Charles River Laboratories: A High-Quality Company at a Fair Price.

Catalysts

  • Share buybacks: CBRE repurchased shares, ~$185 million in total in November/December 2021; a quick glance at number of historical shares shows that it has been very static over the past 12 years, growing at a CAGR of 0.13% (which is good because shareholders are not diluted)

  • Continuous execution: Commercial real estate is an industry that will likely never go away and will continue to grow as populations around the world continue to grow and demand more space to live, work, store/transport goods, etc. ; thus, CBRE is perfectly positioned to benefit from this long-term trend.

Risks

  • Low insider ownership: insiders own less than 1%, but the CEO owns about $44 million in stock, which is quite high compared to his total compensation of about $14 million (or a salary of about $1 million dollars); normally I would like to see a higher percentage, but I think the quality of the business model outweighs the low insider ownership.

Carry

The best business is a royalty on the growth of others, requiring little capital itself. -Warren Buffett (1997 Email exchange on Microsoft)

CBRE is uniquely positioned to benefit from the growth of the commercial real estate industry. In other words, the company enjoys a royalty on the growth of others (as the industry grows, CBRE will grow alongside it without taking too much risk) and meets Buffett’s criteria for a ” best company”; in this case, the growth of real estate, the growing need to outsource associated services, as well as the need for relevant consulting services.

The business operates quietly in the background with little need for publicity and is an integral part of the entire real estate ecosystem. These are the high quality businesses that one should aspire to own.

Based on the analysis above, I recommend a long position in CBRE with a holding period of a few years (maybe even forever). I have no idea what the stock price will do in the short term, but I would look to add more if it continues to decline as I see the company has the ability to dial for many years to come.

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Crypto Crash: Could Bitcoin Fall Below Zero Like What Happened With Oil? https://eventplaner.net/crypto-crash-could-bitcoin-fall-below-zero-like-what-happened-with-oil/ Thu, 23 Jun 2022 02:05:00 +0000 https://eventplaner.net/crypto-crash-could-bitcoin-fall-below-zero-like-what-happened-with-oil/

One of the more bullish arguments before the recent cryptocurrency market crash was that bitcoin (BTC) had never tested a previous cycle’s all-time high before a halving event. And then this time it fell below $19,000, the pre-halving high of 2020.

While the incident sparked existential fear of a total meltdown, it also raised questions about whether bitcoin’s price could ever fall below zero and have a negative value like oil did for a while. the peak days of the pandemic.

“To suggest that the price of bitcoin could fall to zero…is almost unthinkable,” said Whitney Setiawan, research analyst at Crypto Exchange. Bitrue. “Its sourcing is unaffected by today’s global supply chain bureaucracies. The supply of crude oil is nearly endless and this can adversely affect the price one is willing to pay, which can lower one’s price.

Setiawan said bitcoin’s technical design prevents it from hitting zero, even when “overall market sentiment may continue to drive a sell-off.” The US Commodities Exchange Act concluded that digital currencies such as Bitcoin are a commodity, just like oil.

Bitcoin falls 70%, fears of a total collapse

In 2020, at the height of the coronavirus pandemic, the price of oil in the United States turned negative for the first time in history, falling to minus $37 per barrel. This meant that oil producers had to pay buyers to remove the goods from them, fearing that storage capacity would run out. Oil demand has dried up due to shutdowns that have kept people at home.

As the price of bitcoin has fallen sharply over the past few weeks, traders and miners have been keen to offload their holdings to avoid facing massive losses. And perhaps worse, a LUNA-style meltdown.

Bitcoin has fallen 70% since hitting a high of $69,000 in November 2021. At press time, BTC was trading at $20,400 after rebounding from an 18-month low of around 17 $800. This is below the price of $19,000, a high reached in 2020 before an event that reduced the amount of bitcoin minted known as the “halving”.

The carnage in the crypto market is in part caused by pressure from macroeconomic forces, including rising inflation and a succession of interest rate hikes by the US Federal Reserve. Additionally, the Terra contagion is only just beginning to be felt, with a number of crypto heavyweights including hedge fund Three Arrows Capital (3AC), lenders Celsius and Babel Finance facing security issues. solvency.

“Bitcoin has no storage fees, so it won’t go to zero”

Styliana Charalambous, head of investments and market research at fund manager Pure, said bitcoin’s historic price reversal could not be compared to that of oil because it cost almost nothing “to traders and investors to keep their bitcoin in their wallets”. speak to be[In]Crypto, Charalambous explained:

“The reason why oil had a negative value at one time is that oil reserves around the world were filling up quickly. People were willing to pay to remove the stock of oil from their warehouses. On the other hand, it is technically impossible for BTC to have a negative value.

Charalambous said cryptocurrency values ​​could fluctuate wildly depending on market speculation, but values ​​could never go below zero. “That would basically mean you would have to pay someone to take your coins or tokens,” she said.

Brian Gallagher, co-founder of Web3 infrastructure company Partisia Blockchain Foundation, said it’s hard for BTC to go below zero “because it’s a hard currency supply.” But “companies that are over-indebted could go into debt and be sent into bankruptcy and liquidation of their assets to pay their creditors”, he detailed.

The technology remains strong

The fundamental underlying technology behind Bitcoin remains solid and has weathered much turbulence since its inception over 13 years ago, experts say.

Cryptocurrency markets are struggling for confidence after the collapse of the Terra blockchain in May. The situation has caused genuine fear about the long-term viability of cryptocurrencies, resulting in a loss of over $2 trillion in value over the past six months.

“His [Bitcoin] a key new financial tool that has long-term value and ease of use. I’m sure once global markets stabilize and recover, bitcoin will recover even faster,” Vasja Zupan, president of Digital Asset Exchange Matrix, told Be.[In]Crypto.

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at their own risk.

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DeFi Total Value Locked (TVL) drops 35% in a month to hit 15-month lows https://eventplaner.net/defi-total-value-locked-tvl-drops-35-in-a-month-to-hit-15-month-lows/ Mon, 20 Jun 2022 23:00:37 +0000 https://eventplaner.net/defi-total-value-locked-tvl-drops-35-in-a-month-to-hit-15-month-lows/

The decentralized finance (DeFi) market has been hit hard by the recent downtrend in the crypto market. The space that had been the star of 2021 had quickly started to lose all the value accumulated during the bull market. This was the result of major events that triggered the various accidents. In the past month alone, DeFi TVL has shrunk so much that it is now below $100 billion for the first time in over a year.

DeFi TVL drops to 15-month low

The total value locked (TVL) in the decentralized finance (DeFi) space had peaked at over $250 billion at its peak last year. It mostly maintained the majority of that value even through the dips and crashes that would rock space months after that. However, the low momentum trend of 2022 also trickled down to the DeFi space, causing it to lose the vast majority of its TVL.

Related Reading | Public Bitcoin miners struggle to cope as BTC production declines

Total DeFi TVL currently sits at $71.35 billion locked across all networks. Considering that less than eight months ago this figure was $250 billion, this is an alarming decrease. The last time the TVL was this low was in April 2021, when the space was still gaining momentum. This means that DeFi TVL has fallen by more than 68% in the last year alone.

TVL drops 35% in one month | Source: DeFiLlama

The last few months have been particularly brutal for the market, with double-digit percentages. In the past month, TVL is down 35%, losing over $30 billion in TVL over the same period.

Rise and fall of financial decentralization

The main appeal of the DeFi space was the fact that it was not under the thumb of any of the banks or financial institutions that currently control the traditional financial market. Given this, users might get services that they usually couldn’t get due to their financial drive. The space had grown rapidly as this sentiment spread among small and large investors alike.

DeFi Market Cap Chart from TradingView.com

Total market cap drops to $41 billion | Source: DeFi market cap chart from TradingView.com

However, the decoupling from traditional finance meant that DeFi investors were unaware of the security measures that protected traditional finance investors. This has led to a number of harrowing events in space.

Related Reading | Ethereum-Denominated Open Interest Soars as Prices Fall

One of them is the decline and eventual collapse of the Terra network, where thousands of crypto investors found themselves with billions of dollars in losses. Another has been the cessation of withdrawals and transfers on the Celsius network, as many await the inevitable liquidation and bankruptcy announcements.

Most problems in space are due to the lack of regulations that protect space. For this reason, it is assumed that the recent stock market crash will lead to renewed interest from regulators whose job it is to provide safety measures for investors.

Featured image from Financial Times, chart from TradingView.com

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Why Crypto Prices Crashed on Saturday https://eventplaner.net/why-crypto-prices-crashed-on-saturday/ Sat, 18 Jun 2022 22:49:20 +0000 https://eventplaner.net/why-crypto-prices-crashed-on-saturday/

What happened

After a terrible week for cryptocurrencies, the weekend is not starting off on the right foot either. Fear that the fallout from the potential collapse of the Celsius Network and Three Arrows Capital, which have faced challenges all week, will continue.

it doesn’t help that Bitcoin (CRYPTO: BTC) fell 7.5% in the past 24 hours as of noon ET, Ethereum (CRYPTO:ETH) fell 7.9%, and BNB (CRYPTO: BNB) is down 7.4%. Bitcoin has fallen below $20,000 and is trading at $19,043 as of this writing and Ethereum is below $1,000 at $993.24. These may just be psychological levels, but traders see them as important milestones for crypto stocks.

So what

News continues to focus on Celsius Network’s collapse, which was driven by the platform’s aggressive search for yield. Early reports show that Celsius lost money in the collapse of Luna as well as Stakehound as it attempted to offer users higher returns for their cryptocurrency than those available elsewhere in the market. The unwinding of the network of positions led to increased selling and panic in the market.

Related is the apparent collapse of Three Arrows Capital, a fund that invested in a variety of cryptocurrencies. He lost money on Luna’s Fall, which ultimately helped force the company to unwind leveraged positions in the crypto market. In some cases, the exchanges have liquidated the company’s positions to ensure that they are not caught in the fund’s risks.

These are the two largest companies currently unwinding their positions as far as we know, but there could be additional funds or decentralized finance applications that face risks as crypto values ​​fall. It’s a bit like the banking crisis of 2007 and 2008, when risks cascaded through the industry and were very difficult to stem.

Now what

Volatility may be normal in cryptocurrencies, but this is different. Groups that held a huge amount of cryptocurrency experienced financial difficulties and were forced to sell their digital assets because they became illiquid or had too much leverage.

One of the challenges of rapidly declining asset values ​​is that it exposes risks we didn’t know existed. Leveraged positions are being unwound and the illiquidity of certain assets is coming to light in ways that were not evident before.

i think there is still lots to love about the long-term crypto market, but this is clearly what is called a crypto winter and it could mean a prolonged decline in asset values. Until leverage and speculation are reduced in the market, we may face falling values. But for long-term investors, it’s time to accumulate while everyone else is selling.

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Elon Musk hints at crypto plans in first Twitter meeting https://eventplaner.net/elon-musk-hints-at-crypto-plans-in-first-twitter-meeting/ Thu, 16 Jun 2022 23:06:03 +0000 https://eventplaner.net/elon-musk-hints-at-crypto-plans-in-first-twitter-meeting/

Key points to remember

  • Elon Musk held a meeting with Twitter employees today to discuss the social network’s plans after its takeover.
  • Specifically, he discussed plans regarding the addition of crypto payments and plans to eliminate crypto scams.
  • The takeover has not been finalized, but Twitter is providing Musk with data that will help move the deal forward.

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Elon Musk held his first full meeting with Twitter employees on Thursday. There, he discussed his cryptocurrency plans and other changes following his planned takeover of the social network.

Musk could add crypto payments

During the meeting, Musk confirmed that cryptocurrency payments are a feature that could be added to Twitter.

Musk said it “would make sense to integrate payments into Twitter so it’s easy to send money back and forth” and that such plans could involve “currency as well as crypto.”

Although Twitter added bitcoin tipping under former CEO Jack Dorsey in 2021, Musk’s view appears to be more comprehensive. Musk said he would “maximize the usefulness of the service” by making “Twitter so compelling you can’t live without it.” He called payments one of three critical areas alongside news and entertainment.

Musk also noted that “money is fundamentally digital at this point, and has been for some time” and drew comparisons to PayPal.

Previously, Musk hinted at cryptocurrency payments on Twitter but didn’t outline an in-depth plan. His first statements just read: “Maybe even an option to pay in Doge[coin]?”

Musk also plans to eliminate scams

Apart from cryptocurrency payments, Musk also noted that he aims to eliminate cryptocurrency scams on the social network.

“The [are] quite a few crypto scams on Twitter,” Musk said. “It’s gotten better, but there’s still a lot of that.”

Musk then developed the plans that were previously described. It aims to make Twitter’s anti-bot algorithms open to public scrutiny. Additionally, it plans to add an optional paid service that individuals can use to prove their authenticity.

Musk’s high status has made him a frequent target of impersonation by Twitter scammers. Along with having his image used in regular phishing attempts, Musk was also one of the high-profile Twitter accounts hacked in a massive crypto-related scam in 2020.

This attack resulted in the theft of only $118,000, but more than 130 accounts were attacked, which has serious consequences for the integrity of Twitter.

Changpeng Zhao expresses support

Changpeng Zhao, CEO of major crypto exchange Binance, also reiterated his support for Musk’s takeover of Twitter.

Today he provided an update on those plans in an interview with Bloomberg. There, Zhao said his company was following Musk’s lead in moving forward with the offer. “If Elon sticks to the deal we made…if he doesn’t, we’re leaving.”

He added that if Musk’s takeover of Twitter isn’t successful, Binance would be “a bit [disappointed].” He concluded, “We hope we can contribute to Twitter in some way.”

In May, it was reported that Binance planned to provide Musk with $500 million to back the takeover of Twitter.

The status of the agreement is still uncertain

Despite Musk and Twitter seemingly confirming the takeover multiple times, the deal has yet to be finalized.

The buyout was halted in May when Musk requested data to determine how legitimate Twitter activity is. At the time, he suggested he would only commit to the deal if less than 5% of Twitter accounts were found to be fake.

On June 8, The Washington Post reported that Twitter would comply with Musk’s requests and provide him with a “fire hose” of data. This suggests that the deal will soon go ahead.

It’s unclear if there will be any other hurdles to the deal. The value of the sale would be $44 billion.

Disclosure: At the time of writing this article, the author of this article owned BTC, ETH, and other cryptocurrencies.

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EXCLUSIVE: Autonomy Network Unveils DeFi Tool to Onboard Institutional Investors to Web3 https://eventplaner.net/exclusive-autonomy-network-unveils-defi-tool-to-onboard-institutional-investors-to-web3/ Wed, 15 Jun 2022 09:05:35 +0000 https://eventplaner.net/exclusive-autonomy-network-unveils-defi-tool-to-onboard-institutional-investors-to-web3/

Automatic coveragethe new tool proposed by Network Autonomyserves as a decentralized application designed for liquidity providers to maximize their earnings, protecting against volatility.

What happened: On June 15, Autonomy Network introduced AutoHedge, a Web3 product that works to produce neutral delta positions, leveraging the Autonomy protocol.

AutoHedge works by using Autonomy’s smart contract automation layer to create delta neutrality. Designed for risk-averse investors to enter DeFi, AutoHedge will allow users to hold investment strategies that do not have changing dollar values ​​over time (i.e. are delta-neutral ).

The network AHLP The token uniquely offers zero liquidation risk when borrowing, as it is backed by twice the value of the debt. For example, if hypothetically the price of Ethereum ETH/USD went to 0, the investor would gain the same by shorting the token, as he would lose in his Uniswap UNI/USD LP, due to a guaranteed rate of 100%. On the other hand, in the event of a rise in the price of the token, the position of the user would remain completely collateralised.

why it matters: AutoHedge realizes that large-scale institutional investors have significant funds that can be deployed to create liquidity in DeFi. However, due to regulatory barriers, these investors are not exposed to the risk of price volatility.

The tool is fundamentally created to always earn a return on investment, taking advantage of trading fees with no real exposure to asset price volatility, while allowing large-scale capital to flow into the DeFi space. .

“AutoHedge is the perfect bear market product for investors, as it completely protects them from falling prices of, for example, ETH, while allowing them to benefit from LPing with volatile assets,” said Key JamesCEO and Founder of Autonomy Network.

“[It] represents the first time that an entire trading strategy can be automated and tokenized for use in other DeFi applications, such as being a low-risk, high-return collateral for stablecoins – this is just the tip of the coin. iceberg and it’s not just a new product, but a whole new category of DeFi.”

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The Luxury Asset Club (TLAC) set to revolutionize the NFT space with its Meta-Raffle https://eventplaner.net/the-luxury-asset-club-tlac-set-to-revolutionize-the-nft-space-with-its-meta-raffle/ Mon, 13 Jun 2022 16:48:59 +0000 https://eventplaner.net/the-luxury-asset-club-tlac-set-to-revolutionize-the-nft-space-with-its-meta-raffle/



(Photo: Luxury Asset Club (TLAC))

According to a report published on business threadthe NFT market will reach over $211 billion by 2030. The report explains that the market will grow at a compound annual growth rate (CAGR) of 33.9% from 2022 to 2030. With the growing potential of the NFT market, several projects have been launched by different companies seeking market share.

Although there are many NFT projects, only a few are making a big impact and revolutionizing the industry. One such flagship project is The Luxury Asset Club (TLAC). TLAC is an NFT project designed to revolutionize the ownership of rare physical and digital collectibles.

Presentation of the Luxury Asset Club

This is an exclusive group of owners who have come together to chart a new course for the NFT world. TLAC uses group economics as well as the community model to aid in the liquidation of highly salvageable physical assets. It starts with the private mint of TLAC’s premier offer which gives a 1 in 8024 chance of winning a Kobe Bryant 18k rose gold Hublot watch. Three winning tickets, in the form of NFTs, will be generated via our personal smart contract. Each non-fungible token, once sold, will transform into a digital replica of the 18K Rose Gold Kobe Bryant signed Hublot.

There are only three of these watches currently in existence, and each has an estimated value of $3 million. Possession of a raffle ticket will grant you membership in the community, which the creators of the project aim to offer the most value. The creator of the project, Gregory Gadson, is quoted “The goal was to offer rare assets to the average person, while allowing the best possible chances for each participant. The number of mints being 8,024, is symbolic of the numbers Kobe Bryant’s jersey, while also allowing incredible odds of being the sole winner.” As the TLAC community develops and grows, it will continue to reinvent and revolutionize the way ultra-actives luxurious are owned, verified and traded within the Web3 space.

The team also plans to leverage Web3 technology to revolutionize crowdfunding in philanthropic efforts. As with any offer, TLAC will partner with a charity. their first being Make-A-Wish Greater Los Angeles, an institution near and dear to the late Kobe Bryant. With the coordination of Chairman Mike Khaloff, TLAC promised that a portion of the funds received would be returned to crypto.

The TLAC project is deployed on the Polygon protocol, a carbon negative ecosystem.

Breakthrough TLAC Meta-Raffle Model and Value

The Meta-Raffle is the first to create a model in which hard-to-verify, liquidate and trade assets can be offered to the public, seamlessly. According to German Carmona, successful entrepreneur and senior advisor to TLAC, “As a collector of rare artwork, watches, luxury real estate and exotic vehicles, leveraging NFTs to authenticate these assets seemed like the way to go. next logical progression as the Web3 world evolves.” Mr. Carmona also said, “Authenticating and liquidating these rare items can be expensive and quite difficult; these factors led us to create The Luxury Asset Club (TLAC), the world’s first Meta-Raffle.

Project co-creator Diamonte Zarba adds, “The project will allow members to vote for future ‘deals’, charity partnerships, airdrops, and access to ‘invitation-only’ asset release parties. .” The team has also partnered with Virtual Real Estate VR/AR platform, SuperWorldApp. Through this partnership, members will not only be able to own the watch, but also interact with its digital AR wearable twin. Every NFT holder now has the ability to wear and “own” this rare timepiece, simply by using their phone.

Conclusion

TLAC is about to forge a new frontier in the NFT industry. The team aims to reposition the market to be accessible and beneficial to all; thereby creating greater awareness of NFTs. Kindly visit the website for more information and details on the TLAC project. It will also be very useful to join their discord channel for first-hand information on future projects in the NFT space

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Business Liquidation Services Market Size and Forecast to 2029 https://eventplaner.net/business-liquidation-services-market-size-and-forecast-to-2029/ Sat, 11 Jun 2022 14:59:55 +0000 https://eventplaner.net/business-liquidation-services-market-size-and-forecast-to-2029/

Los Angeles, USA,-The research study presented here is an excellent compilation of various types of analysis of significant aspects of the global Business Liquidation Services market. Through devilishly researched analysis and Porter’s Five Forces Analysis, it provides an in-depth explanation of the strengths and weaknesses of the global Business Liquidation Services market and other players operating within it. The report authors have also provided a qualitative and quantitative analysis of several microeconomics and macroeconomic factors affecting the global corporate liquidation services market. Additionally, this study will help you to understand changes in industrial supply chain, manufacturing processes and costs, sales scenarios and global Corporate Liquidation Services market dynamics.

Get | Download a sample copy with table of contents, graphics and list of [email protected] https://www.verifiedmarketreports.com/download-sample/?rid=513361

Each player studied in the report is profiled, taking into account production, market value, sales, gross margin, market share, recent developments, and marketing and sales strategies. Besides providing in-depth research on drivers, restraints, trends, and opportunities in the Global Business Liquidation Services Market, the report provides individual and detailed analysis of critical regions such as North America, Europe and the Asia-Pacific region. Additionally, a major segment of the global corporate liquidation services market is studied in detail, with emphasis on market share, PA, and other important factors.

Key Players Covered in Business Liquidation Services Markets:

  • Ernst & Young France
  • KPMG International Cooperative
  • RBK
  • RepoMax
  • 3rd International Accounting
  • PwC
  • oger
  • McKinsey & Company
  • Deloitte Touche Tohmatsu

Global Business Liquidation Services Market Segmentation:

Breakdown of the business liquidation services market by type:

  • Legal services
  • Accounting services
  • Consulting services
  • Others

Business Liquidation Services Market Split By Application:

  • Small enterprises
  • Medium Enterprises
  • Large companies

Regional Market Analysis Business liquidation services can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global corporate liquidation services market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

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Scope of the Corporate Liquidation Services Market Report

Report attribute Details
Market size available for years 2022 – 2030
Base year considered 2021
Historical data 2018 – 2021
Forecast period 2022 – 2030
Quantitative units Revenue in USD Million and CAGR from 2022 to 2030
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Prices and purchase options Take advantage of personalized purchasing options to meet your exact research needs. Explore purchase options

Industry Overview: The first section of the research study covers an overview of the global Corporate Liquidation Services market, market status and outlook, and product scope. Additionally, it provides highlights of major segments of the global Business Liquidation Services market i.e., region, type, and application segments.

Competitive analysis:This report sheds light on significant mergers and acquisitions, business expansion, product or service differences, market concentration, global Corporate Liquidation Services Market competitive status and market size by player .

Company profiles and key data:This section covers the companies featuring leading players of the global Business Liquidation Services market based on revenue, products, activities, and other factors mentioned above.

Market Size by Type and Application:In addition to providing an in-depth analysis of the global Business Liquidation Services market size by type and application, this section provides research on key end-users or consumers and potential applications.

North American market: This report depicts the changing size of the North America market by application and player.

European market: This section of the report shows how the size of the European market will evolve over the next few years.

Chinese market: It provides analysis of the Chinese market and its size for all years of the forecast period.

Rest of the Asia-Pacific market: The rest of the Asia-Pacific market is here analyzed in quite detail on the basis of applications and players.

Central and South America Market: The report illustrates changes in Central and South America market size by players and applications.

Mea Market: This section shows how the Mea market size changes over the forecast period.

Market dynamics: This report covers the drivers, restraints, challenges, trends, and opportunities of the global Business Liquidation Services market. This section also includes Porter’s analysis of the five forces.

Findings and Conclusions:It provides strong recommendations for new and established players to secure a position of strength in the global business liquidation services market.

Methodology and data sources:This section includes author lists, disclaimers, research approaches, and data sources.

The main questions answered

What will be the size and average annual size of the global corporate liquidation services market over the next five years?

Which sectors will take the lead in the global business liquidation services market?

What is the average manufacturing cost?

What are the key business tactics adopted by the major players in the global corporate liquidation services market?

Which region will gain the lion’s share in the global corporate liquidation services market?

Which companies will dominate the global corporate liquidation services market?

Research Methodology

Quality research uses reliable primary and secondary research sources to compile the reports. It also relies on the latest research techniques to prepare very detailed and precise research studies like this one. Use data triangulation, top-down and bottom-up approaches, and advanced research processes to deliver comprehensive, industry-leading market research reports.

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About Us: Verified Market Reports

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We also provide insight into the strategic and growth analytics and data needed to achieve business goals and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on over 25,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

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Mergers and Acquisitions and Election to Treat the Acquisition of Shares as an Acquisition of Assets https://eventplaner.net/mergers-and-acquisitions-and-election-to-treat-the-acquisition-of-shares-as-an-acquisition-of-assets/ Thu, 09 Jun 2022 08:49:28 +0000 https://eventplaner.net/mergers-and-acquisitions-and-election-to-treat-the-acquisition-of-shares-as-an-acquisition-of-assets/

The Internal Revenue Code allows buyers and sellers of shares of an S corporation to make a Section 338(h)(10) election to have a qualifying stock purchase treated as a deemed asset purchase for federal income tax purposes. A 338(h)(10) election is a joint election that requires an agreement between all of the selling shareholders and the prospective buyer. As a result of this election, a sale of shares for legal purposes will be treated as a sale of assets for tax purposes, resulting in different tax consequences for the buyer and seller that selling shareholders should understand.

It is important to note that a section 338(h)(10) election will adjust the tax base of the assets of Corporation S in the hands of the purchaser to fair market value. The buyer may receive additional tax benefits as a result, including depreciation and depreciation of the purchase price of the assets for federal income tax purposes, and resulting future tax deductions for the amount paid. over the tax life of the assets acquired.

What happens when you make an election under section 338(h)(10)?

For tax purposes, the selling company is considered to have sold all of its assets and is liquidated even though legally the selling company still exists.

Specifically, the following events are deemed to have occurred:

  • The buyer creates a new company (new target).
  • The new target buys the assets of the target company (old target).
  • The old liquid target in the hands of the seller and final return.
  • Generally, there is only one level of tax imposed which is on the deemed sale of assets.
  • The sale of shares is ignored and the deemed liquidation is exempt from tax for selling shareholders.

Where a corporation purchases the shares of another (target) corporation and the purchaser corporation elects under section 338, the “new” target corporation which is then deemed to purchase all of the assets of the old target must use the same employer identification number as the old target used.

Tax Consequences of Election Under Section 338(h)(10)

The sale of stock is treated as a taxable sale of all of Target’s assets for US federal income tax purposes only. Not for information reporting, payroll taxes, sales and use tax, and other non-tax purposes.

For legal reasons, the transaction is a sale of shares. Therefore, the target’s liabilities are transferred, including any undisclosed or contingent liabilities. In contrast, in a direct asset purchase, the buyer is liable only for the liabilities expressly assumed or guaranteed by the assets acquired.

If the target is an S corporation, its S status continues until the close of the acquisition date, including deemed sale of assets and deemed liquidation, despite the general rule that S status terminates at the beginning of the day on which it acquires ineligible property. corporate shareholder.

The target S-Corporation therefore files a final S-Corporation return through the end of the acquisition date, which includes the deemed sale of assets.

The gain on the assets of Company S is passed through to the shareholders of Company S. The liquidation of target Company S is a Section 331 taxable liquidation, but the gain on the assets of the S Corporation is not taxed twice because the gain on the sale increases the shareholder base in their S Corporation shares. Typically, this is a level of tax imposed on the gains recognized by the former target on the deemed sale of assets.

How to make the section 338(h)(10) election

The joint election is required by the buyer and the seller(s), i.e. the buyer company and the common parent company of a consolidated seller group/seller affiliate or one or more shareholders of the company S.

The common parent of a consolidated group must provide a copy of the election statement to target no later than the target’s tax return due date. If Seller and Target are members of an Affiliate Group but do not file a Consolidated Statement, Seller and Target must include the Choice Statement on their respective filings. If the target is an S corporation, all shareholders of the target, including shareholders who do not sell target shares, must participate in the election.

Form 8023 must be filed by the acquiring company with the Internal Revenue Service Center, where it files its annual return. A copy of Form 8023 must be attached to the Old Target’s, New Target’s and Purchaser’s tax returns for the year that includes the acquisition date. Failure to do so will not invalidate the election. In addition, the old target and the new target must be attached Form 8883 to the income tax return showing the effects of the deemed transaction.

When to make the election under section 338(h)(10)

Elections must be made no later than the 15th day of the ninth month beginning after the month in which vesting takes place. An automatic 12-month extension may be available. Once made, the election is irrevocable.

When deciding on the right tax structure for buying a business, there are many decisions to be made that have many different implications. However, the decision comes down to whether the buyer wants to buy assets or buy shares and forfeit the graduated tax benefit. The choice of section 338(h)(10) gives the buyer the possibility of having it both ways while obtaining this advantage.

This article does not necessarily reflect the views of the Bureau of National Affairs, Inc., publisher of Bloomberg Law and Bloomberg Tax, or its owners.

Author Information

Mark Gallegos, CPA, MST, is a tax partner on Porte Brown’s accounting and advisory services team in the Elgin, Illinois office. He advises, speaks and writes on international taxation, mergers and acquisitions, credits and incentives.

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