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Texas GOP coalesces around bill banning Chinese ownership of land
Indicator up for The Short, The Texas Tribune’s day by day publication that retains viewers up to velocity on the most essential Texas news. Gov. Greg Abbott stated this 7 days that he would indication a proposed monthly bill banning citizens and overseas entities from 4 international locations, including China, from obtaining Texas land. Submitted in November by Brenham Republican Sen. Lois Kolkhorst, Senate Monthly bill 147 would ban citizens, governments and entities from China, Iran, North Korea and Russia from purchasing land here, section of what she and other Republicans have reported will assist stem international affect in Texas. The bill would also prohibit the order or acquisition of…
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Virginia lawyer dodged taxes using Chinese shell corporation, defrauded US military
NEWPORT News, Va. (WRIC) — A Newport News attorney who sat on the condition bar’s disciplinary committee dodged above $800,000 in taxes and defrauded the U.S. army by passing off Chinese-created provides as American-created. Nosuk Kim, 61, is a prominent lawyer, landlord and protection contractor who will now serve 4 years and 4 months in jail just after she plead responsible to tax evasion and admitted to defrauding the U.S. armed service when she did business with them. Kenbridge Law enforcement chief resigns amid investigation into murder of 17-yr-old “By advantage of her career, the defendant was uniquely positioned to know that she was violating the law,” prosecutors wrote. “And…
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Chinese Court Applies Property Law to NFTs
Though China is seemingly encouraging the possession of NFTs, NFT selling prices have been down in the wake of a wider current market rout. A Chinese court docket in Hangzhou metropolis has applied its house regulation to nonfungible token (NFT) collections. The court dominated that NFTs are like on line digital home and need to be secured underneath Chinese regulation. When noting Chinese legal guidelines are not obvious on the functions of NFTs, the court moved to create its lawful attributes. In accordance to the circumstance report, “NFTs have the item attributes of home legal rights this sort of as benefit, scarcity, controllability, and traceability”. As a result, the court…
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