Skip to content

About us

eCounsel group

A boutique firm with unparalleled expertise in business and technology. We have good command of industrial ecology and legal practice, and have undertaken highly regarded cases. Because the small business scope, we pay more emphasis on effectiveness and efficiency, and choose clients with deliberation. The managing partner not only has extensive experiences in various legal issues more over than 20 years, but invests and manages several technology companies. In addition, he always checks each case rigorously. Clients’ business objectives are our primary focus. To achieve the same in the most cost-effective fashion trumps all seemingly sophisticated legal discussions.

Is Stable Coin Stable Enough?

2018 - 10 - 29

The so-called stable coin, USDT, has dropped significantly against USD on 10/15. While USDT typically values in a range of 0.99 to 1.01 when compared against USD, it dropped to as low as 0.85 on the Kraken exchange on 10/15. In this sense, whether stable coin is actually stable enough still remains a heated debate.

USDT has long come under scrutiny ever since its launch, over whether it actually holds enough reserves to match the tokens.  Since Tether is privately held, it has yet disclose any official audits, which investors have repeatedly demanded.

A study released by UT Austin further claimed that USDT was heavily used to artificially inflate bitcoin prices (significantly during the 2017 peak). “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in the study.

Since the “fall” of USDT (tho it is still the biggest stable coin player in the game), several numbers of stablecoins have risen, including the Gemini Dollar, PAXOS, TUSD, HUSD, etc. For these newly risen stablecoins, the question now is: can they stay stable?

Bitcoin prices have been manipulated, study says – CNN

Major cryptocurrencies jump as the controversial dollar-pegged token tether falls – CNBC

People are freaking out about Tether – Financial Times

Puerto Rico’s Noble Bank Seeks Sale Amid Crypto Slide – Bloomberg

Is Bitcoin Really Un-Tethered? – John M. Griffin

The Audio Recordings Bitfinex doesn’t want you to hear. – @Bitfinex’ed

Recommended article 

Global Cases ( Patent Infringement )

From these cases, it’s easy to tell that the compliance issues are everywhere in business activities. After all ,there are simply too many laws to comply. 從上面幾個簡單的例子讀者可以清楚了解到事實上在企業的商業活動當中,動不動就有可能會違反法律,畢竟,企業必須遵守的法律實在是太多了,多到企業經營者根本無法全盤兼顧,更何況新的法律雖時都在增訂,要不誤觸法網真的很難,更殘酷的一點是,除了台灣的法律企業必須遵守之外,還有國外的法律也不能不管,這裡便要舉一兩個違反國外法律的例子。 案例事實1(違反德國專利法) A公司是專門生產電子產品的企業,為了能順利將其產品推廣到全世界,而計畫參與在德國舉辦之世界知名的消費電子展覽,A公司為了參加此展覽精心籌劃了許久,但是卻萬萬沒有想到,展覽才開始沒多久,就有大批德國檢警出現在展覽攤位前,宣稱A公司所展覽的產品遭到指控有侵害B公司的專利權之情事,而將A公司的相關產品予以全數扣押,使A公司不旦期待已久之展覽付諸流水,商機盡失,大批產品被扣押,可能還要負擔違反該國專利法之相關責任,損失慘重! 案例事實2(違反美國專利法)1 聯華電子股份有限公司(以下簡稱聯電)於2001年向美國國際貿易委員會(International Trade Commission,簡稱ITC)指控矽統科技股份有限公司(以下簡稱矽統)侵害其所擁有之兩項美國專利權,要求美國國際貿易委員會展開調查。聯電聲稱矽統於美國境外製造並進口至美國的晶片包含有聯電所擁有的美國專利技術內容,要求ITC展開調查、依據美國關稅法337條禁止矽統繼續進口及在美國境內銷售該晶片並將侵權之晶片排除於美國境外。 最後委員會認定聯電的專利權係屬有效,而矽統之銷售與進口該晶片是違反美國專利法之規定,發布排除命令,直到2017年以前所有侵權相關之產品都不得輸入美國或是在美國銷售。 矽統於得知裁決結果之後便與聯電協商,由聯電「入股」矽統而董事長則由聯電的執行長來擔任,由此也可得知企業法令遵循之重要性,一不謹慎連經營權都得拱手讓人了! 違法理由分析…

Those Who Have U.S. Citizenship, Beware of the Double Taxation Conventions

FATCA is already disturbing, but very few people understand that the Double Taxation Conventions between Taiwan and U.S would be a thousand times worse. Continue reading

Pardon Power isn't All That Powerful

The United States Constitution grants the POTUS the pardon power for federal crimes and state offences recognizable under state criminal law. “But issuing pardons to his own friends, associates and relatives could be a perilous path for…