Latest news with #RuleK
Yahoo
30-04-2025
- Business
- Yahoo
Federal judge orders Arkansas to stop enforcing crypto mining law
LITTLE ROCK, Ark. – A federal judge has ordered the state of Arkansas to cease enforcement of a 2024 cryptocurrency law. The temporary injunction ruling was the result of a lawsuit filed by The Arkansas Cryptomining Association in March. The suit asserted that Act 174 of 2024 violates the 14th Amendment's equal protection clause with its intent to stop foreign ownership of cryptocurrency mining operations. Judge grants temporary restraining order blocking Arkansas enforcement of anti-Chinese-ownership and data center laws The injunction includes the so-called Rule K, which was developed in order to create the enforcement path for Act 174. The suit asserts that Rule K was created in order to end-run an earlier temporary injunction on enforcement of Act 174 in an earlier case. Arkansas Oil and Gas Commission Director Alan York, Arkansas Attorney General Tim Griffin and the state of Arkansas are defendants in the case. Federal judge blocks enforcement of Arkansas Chinese land ownership, crypto mining laws Chief Judge Kristine G. Baker made the ruling after an April 11 hearing. The judge ordered a preliminary injunction under seal but made a public notice of preliminary injunction. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-03-2025
- Business
- Yahoo
Cryptocurrency miners sue Arkansas officials, cite ‘unconstitutional regulations'
LITTLE ROCK, Ark. – A federal lawsuit filed Thursday seeks to overturn an Arkansas law and a regulation for being unconstitutional. The Arkansas Cryptomining Association filed the suit naming Attorney General Tim Griffin and Oil and Gas Commission director Lawrence Bengal as defendants. It asserts that a cryptocurrency law and regulation in the state violates the 14th Amendment's equal protection clause. Emboldened crypto industry seeks to cement political influence and mainstream acceptance Act 174 of 2024 amends the law to mandate that any cryptocurrency mine in the state must not be foreign-owned. The lawsuit continues to point out that Rule K was passed shortly after the court placed an injunction on Act 174 in an attempted end-run, the lawsuit states. Rule K gave the Oil and Gas Commission authority over cryptocurrency mining operations, including issuing required operating permits. The lawsuit cited language when Act 174 was debated in the Senate that specifically mentioned preventing China as a mine owner, followed by a statement from the governor's office to, in part, 'kick a Chinese communist-owned company out of her state.' The lawsuit continues that when Rule K was submitted for approval to the governor's office, it included a statement that the commission needed it to execute Act 174. The lawsuit returns to statements made surrounding Act 174's passage that 'From the beginning, the primary purpose of Rule K was to target persons believed to be Chinese nationals or with Chinese ancestry.' FBI accuses North Korean-backed hackers of stealing $1.5 billion in crypto from Dubai-based firm The combined action of the act and the rule violates equal protection, the right to due process, the commerce clause, the supremacy clause and is taking without just compensation, according to the lawsuit, which asks the court to find them unconstitutional and unenforceable. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Independent
14-03-2025
- Business
- The Independent
High Court case over Kurt Zouma transfer commission to be stayed
A High Court claim between a football agent and a former director of Chelsea Football Club over the transfer of player Kurt Zouma will be paused for arbitration, a judge has said. Saif Alrubie brought legal action against Marina Granovskaia, claiming that he was owed commission for arranging the transfer and that she induced the breach of a contract between him and the west London club. The London court previously heard that Ms Granovskaia's position is there was no contract between Mr Alrubie and the club, and there was no breach. Mr Zouma transferred to West Ham in the summer of 2021 and the total transfer fee is disputed between Mr Alrubie and Ms Granovskaia. At a hearing last month, Kendrah Potts, for Ms Granovskaia, said the claim against Chelsea has gone to an out-of-court arbitration process and that the claim against her client should follow the same route. However, Jonathan Crystal, for Mr Alrubie, said in written submissions that it should be heard in public, adding that the transfer fee dispute has been a 'constant source of frustration' for his client. But in a judgment on Friday, Judge David Quest KC said that the High Court proceedings would be stayed to allow for arbitration. He said: 'I am satisfied that Ms Granovskaia has shown that she and Mr Alrubie are parties to the Rule K arbitration agreement and that the present claim for inducing breach of contract is a matter within the scope of the agreement, and that Mr Alrubie has not shown that the agreement is null, void, inoperative or incapable of being performed.' Mr Alrubie was ordered to pay Ms Granovskaia's costs, including £150,000 to be paid within 14 days.
Telegraph
14-03-2025
- Sport
- Telegraph
Agent ordered to pay costs to former Chelsea director after losing High Court Case bid
Football agent Saif Alrubie has lost his latest court battle with former Chelsea director Marina Granovskaia and has been ordered to pay her £150,000 in costs. Alrubie had made a High Court claim for damages of £2,182,782 against Granovskaia over the transfer of Kurt Zouma from Chelsea to West Ham United. He dropped a case against Chelsea for £2,900,637.3612 last October, but the club offered to go to Football Association arbitration to clarify whether or not they are liable. A judge has now ruled the case be referred to FA arbitration, with Alrubie ordered to pay Granovskaia's court costs of £150,000, plus VAT, within 14 days. A spokesperson for Granovskaia said: 'We welcome today's High Court ruling in Ms Granovskaia's favour. Our position has always been that Mr Rubie's claim is baseless, but that if he wanted to pursue his unmeritorious claim, he should have done so in the proper forum, which the Court has confirmed is Rule K arbitration.' Alrubie was last year found not guilty at Southwark Crown Court of malicious communications sent to Granovskaia and is now seeking damages from her for the commission he believes he is owed over Zouma's transfer to West Ham in August 2021. A spokesperson for Alrubie said: 'Whilst we would have preferred our claim to be heard in open court, we're satisfied that the High Court judge confirmed that Marina Granovskaia is answerable in these proceedings in her own right. We look forward to pursuing our action for justice via the Rule K arbitration process.' At a High Court hearing in London last month, Granovskaia's barrister Kendrah Potts said that 'the evidence filed by Mr Alrubie in response to the application lays bare his primary motivation, which appears to be to achieve some form of vindication or retribution because he blames Ms Granovskaia for the criminal charge against him. The High Court is not a place for vendettas of that nature.' Ms Potts added that 'parallel High Court proceedings will waste time, money and court resources' and said that 'Mr Alrubie's deliberate efforts to avoid the binding agreement to arbitrate the breach of contract claim in order to have a public forum to seek retribution against CFC and/or Ms Granovskaia should not be entertained.'
BBC News
14-03-2025
- Business
- BBC News
Agent dispute with ex-Chelsea director referred to FA
A judge has ruled the case between former Chelsea director Marina Granovskaia and agent Saif Alrubie be referred to the Football Association for proceedings, which centre around Kurt Zouma's move from the Blues to West Ham in 2021, were the subject of a hearing in the High Court almost a fortnight is pursuing a case against Granovskaia, who was a leading figure during Roman Abramovich's reign at Stamford Bridge, for her role in the non-payment of commission the agent says he is owed from Zouma's received a fee of £29.1m when selling laws state an agent acting on behalf of a selling club is entitled to up to 10% of a transfer fee, which means Rubie would be owed close to £ most recent court hearing centred around whether the case would remain in the court system or be dealt with by an FA FA's agent regulations say disputes arising out of representation agreements without an international dimension should be "exclusively determined between the parties" under Rule was a Chelsea employee at the time of the transfer but has since left her position and no longer has an official role in left Stamford Bridge in 2022 following Todd Boehly and Clearlake Capital's takeover, Granovskaia is no longer categorised as an FA participant, which Alrubie's side argue means the case should have remained a court could have meant Granovskaia had to disclose details that have so far remained confidential in relation to Zouma's may also have resulted in Chelsea having to comply with requests for information the court deemed relevant to the a ruling issued on Friday stipulated the case be dealt with by English football's governing body and confirmed Alrubie should pay Granovskaia's court costs - and £150,000 in account of those costs in 14 days.A spokesman for Alrubie said: "Whilst we would have preferred our claim to be heard in open court, we're satisfied that the High Court judge confirmed that Marina Granovskaia is answerable in these proceedings in her own right. We look forward to pursuing our action for justice via the Rule K arbitration process."A statement from Granovskaia's spokesperson said: "We welcome today's High Court ruling in Ms Granovskaia's favour. "Our position has always been that Mr Rubie's claim is baseless, but that if he wanted to pursue his unmeritorious claim, he should have done so in the proper forum, which the court has confirmed is Rule K arbitration."Last year, a jury cleared Alrubie of sending Granovskaia a threatening email in relation to the Zouma deal, after which he proceeded to open his own civil case.
