Commentaries by Mark Gorriceta

Regulation of Virtual Currencies and Initial Coin Offerings in the Philippines

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Regulation of Virtual Currencies and Initial Coin Offerings in the Philippines

July 24, 2018 11:28:48 am

A recent Philippine Securities and Exchange Commission (“SEC”) Advisory reiterated its message to those conducting Initial Coin Offerings (“ICO”) of security tokens within the country: register your security tokens or be prepared to face penalties. Just this month, the SEC declared that the Ploutos Coin is a kind of security which must be registered first [...]

THIS DAY @ LAW

UN General Assembly approves Palestine partition plan

The UN General Assembly approved UN Resolution Resolution 181 (II) on November 29, 1947, recommending that the British Mandate for Palestine be split into a Jewish state, an Arab state, and an international zone for Jerusalem. The vote in the assembly was 33 for to 13 against, with 10 abstentions. The resolution sparked a war between Palestinian Arabs and Jews in 1947 and a wider war after Egypt, Syria, Jordan, Iraq, and Lebanon invaded the new State of Israel in 1948. Read Resolution 181 (II).

UN divided Palestine between Arabs and Jews

On November 29, 1947, the UN General Assembly voted to partition Palestine into Jewish and Arab territories, leading to the establishment of a Jewish state the following year. Read UN General Assembly Resolution 181.

Defense Secretary Robert McNamara resigns during Vietnam Conflict

On November 29, 1967, Secretary of Defense Robert S. McNamara announced that he was resigning from his office to accept an appointment as head of the World Bank. The announcement came as the Vietnam Conflict was becoming increasingly unpopular in the United States and abroad.