Legal entity

What is forensics in cryptocurrency analysis? How does this help law enforcement agencies?

Blockchain is a digital, decentralized public ledger with a system that records transactions across multiple computers connected to a peer-to-peer network. It was originally developed for cryptocurrency assets like Bitcoin in 2008. Blockchain Analysis / Crypto Forensics creates transparency for a global blockchain-based economy, allowing banks, businesses and governments to have a common understanding of how people and businesses use cryptocurrency.

Below is a summary of how LEAs can leverage Crypto Forensics to create a debrief for a successful close of business.

• Viewing and Tracking Tools: The case management solution maintains user-friendly case tracking that has been developed for secure, convenient and collaborative use

• Broad Transaction Coverage: Ensures real-time information on all major blockchains and thousands of entities, currently attributing 90% of all active transactions

• Automated and Evidence-Based: Provides immutable historical data record with real-time updates and sophisticated risk assessment. Available via API license
Law enforcement / compliance officers can track and trace potentially illicit activities such as fraud, scams, security breaches, money laundering or terrorist financing using forensic cryptography tools.

Opinions and thoughts on cryptocurrency for retail investors.

In India, there are nearly 15 million retail investors, who are registered with various Indian cryptocurrency exchanges. Education is a must for retail investors before investing in cryptocurrency. Most of the cryptocurrency experiences price volatility of 15-20% in about a week and this creates anxiety among retail investors. Additionally, the Indian government has not defined cryptocurrency as a legal entity. However, due to the fundamental nature of cryptocurrency peer-to-peer transaction mechanisms, investors can trade cryptocurrencies without any third party knowing. How to protect yourself from such frauds Retail investors should look for the following indicators before subscribing to any investment program or advice:

• Is the company registered in India, if not, please avoid any financial transaction or bitcoin transaction

• Who are the owners – You will get the history of all the owners on the Internet and if the company has not declared their names on their website, stay away from them. Investors should invest 1 to 2 hours in basic research before putting their hard-earned money

• What is the cryptocurrency they are selling and from which online platform? There are over 1,500 cryptocurrencies around the world and not all of them have the technology or use case to meet their business needs. Investors should only target the top 10-15 cryptocurrencies for trading.

• Buy cryptocurrency in India from crypto exchanges that have a valid and transparent KYC (Know Your Customer) system in place. There are around 15 crypto exchanges that will qualify

• Don’t trust anyone here, be prepared to research any new technology and take action on it

• Indian crypto exchanges with valid KYC practice ensure investor safety, in case the crypto exchanges are hacked. Don’t buy any cryptocurrency from exchanges that don’t protect your digital assets.

• Finally, there is a multitude of wallets available on the market, propagated by private players. Investors should use at least 3 levels of password protection mechanisms (password, 2FA and google authentication) and not share passwords by mail or SMS / WhatsApp with loved ones.

Is there a grievance process for victims of fraud and what should they do if they are victims of it?

Since cryptocurrency has not been legally defined by the Indian government, there is no government recourse system available in India. However, independent bodies like Hyderabad Security Cluster and BEGIN India Think Tank continue to help investors if they get ripped off on a case-by-case basis. Significant fraud was reported to the police and filed as an FIR. However, due to the lack of capacity and capacity of LEAs and Indian forensic agencies, digital forensic evidence is not being recorded and most of the culprits have been released on bail in the respective cases.

Chinese Online Gambling Scams Case Study

High possibility of cryptocurrency paid as play money by Indian nationals to Chinese applications

August 2020

  • A Chinese national and three of his Indian associates have been arrested in a crackdown on an illegal online gambling racket run by a China-based company, police said Thursday. The Chinese national and his associates were arrested Wednesday by Hyderabad police from Delhi and taken to Hyderabad on Thursday.
  • The move comes a day after Chinese individuals and businesses were raided by income tax detectives in Delhi, Gurugram and Noida on suspicion of money laundering.
  • The online gambling was allegedly organized by various companies under the umbrella of the China-based Beijing T Power Company, police said, adding that transactions worth Rs 1,100 crore had been discovered.
  • A total of 1.24 crore in transactions were paid to Chinese online betting scam websites for a total of INR 11.00 crore by Indian nationals.
  • The active HSBC bank accounts were located at Gurugram One. A Chinese national, Yah Hao, operations manager of the online company, and three Indian nationals namely – Dheeraj Sarkar, Ankit Kapoor and Neeraj Tuli were arrested in their office in Gurugram.

Involvement of cryptocurrency

  • On average, the money paid by Indian nationals through banks to Chinese online gambling is quite low and is estimated to be between 150 and 500 INR per individual.
  • We suspect the possible involvement of the cryptocurrency paid to the Chinese online gaming company, by Indian nationals, which is not discovered in various raids carried out by ED.
  • A large amount of online play money is easier to transfer via cryptocurrency, as cryptocurrency transactions do not require any third-party bank to complete the transfer of funds.

How Hyderabad Security Cluster and HumanSTAR can help.

  • In association and with guidance from Hyderabad Security Cluster, HumanSTAR can provide exact details on the movement of cryptocurrency funds from one wallet address to another wallet address.
  • HSC & HS can provide detailed analysis of fund data which is transferred to Chinese online gambling application with details of country and crypto exchange.
  • For this to happen, HSC and HS will need a Bitcoin wallet address, transaction ID, and other cryptocurrency details from the police.
  • The arrested Beijing T Power Company employees will have all of these details in their official communication with customers or in the memo.
  • It may take 20-30 days for HSC and HS to provide proof of cryptocurrency involvement and detailed data analysis, once the respective details are shared by the police.

(This article was written by Dr Zaki Qureshey, Managing Director and Founder, Hyderabad Security Cluster, India’s 1st cybersecurity cluster)

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BSE leads the way in sustainability reporting

The Budapest Stock Exchange (BSE) aims to promote “green” finance by improving sustainability reporting and environmental, social and governance (ESG) data sharing of listed companies. “As the number of sustainable products increases on the stock exchange, we want to develop green markets,” stock market adviser Balázs Bozsik told the Budapest Business Journal.

ESG wants to improve the awareness of issuers and institutional investors about ESG factors in the Hungarian capital market, said Bozsik, ESG expert at ESG. One way to do this is through international cooperation. ESB joined the United Nations Sustainable Fellowships (SSE) initiative in 2019.

“It is an organization of exchanges, where members share their expertise and best practices with each other,” explains Bozsik.

The initiative is a United Nations partnership program with more than 80 scholarships around the world. The SSE provides a global platform for stock exchanges, investors, issuers, regulators, policy makers and relevant international organizations to improve performance on ESG issues and encourage sustainable investment.

ESB also works closely with the Federation of European Securities Exchanges (FESE), a Brussels-based lobby group, in its working group on sustainable finance.

In February 2021, the ESG released an ESG reporting guide for Hungarian issuers (existing and potential) that shows how to start reporting sustainability and providing ESG data, Bozsik said.

Increase transparency

“Our task is to increase transparency for investors by urging issuers to publish relevant ESG data rather than trying to push them to operate in an environmentally friendly manner. We want to facilitate investment decisions regarding ESG factors. In preparing the guide, the ESB checked best practices from other exchanges and worked with external experts.

On the issuers’ side, the ESB notes a strong interest in ESG reporting. “Both issuers and advisers, including large audit firms and specialist agencies, attend the EGS workshops and conferences we organize for educational purposes,” says Bozsik.

“We assessed Hungary’s ESG disclosure practices and found that there are pioneers, as well as issuers who have yet to improve their sustainability data disclosure,” Bozsik notes. However, most Hungarian issuers do not disclose any sustainability data.

In 2020, MOL qualified for the fifth consecutive year for inclusion in the Dow Jones Sustainability World Index (DJSI) in the Upstream & Integrated Oil & Gas category. MOL uses the Global Reporting Initiative (GRI) standards as the main framework for its sustainability reporting, in addition to other standards. The group can thus increase its outreach to international investors.

The other three Hungarian blue chips, Magyar Telekom, Richter and OTP Bank, receive ratings from major ESG rating agencies, such as Arabesque, ISS ESG, MSCI, RobecoSAM and Sustainalytics.

“We asked late issuers to develop a plan on how to introduce ESG reporting first,” said Bozsik. The problem is that the initial costs of this transformation are high, while companies and investors will only see its positive impact in the long term.

Green bonds, green market

There are already a few green bonds in the Hungarian corporate bond market. Hungarian property developer Futureal, for example, issued a 10-year green bond with a face value of HUF 55 billion in March as part of the National Bank of Hungary’s (MNB) Bond for Growth program.

The MNB, the owner of the exchange, says it is looking to develop a domestic market for green mortgage bonds. The bank has also started promoting green mortgages through a green mortgage bond purchase program.

The Public Debt Management Agency (ÁKK) has already issued green bonds in forint and euro. Its first auction of green forint bonds in April generated strong demand.

Besides green mortgage bonds, social bonds will be available sooner or later, according to Bozsik. “As the number of green financial products increases, we will be able to create green markets and green indices,” he adds.

ESG strives to incorporate ESG principles into its strategy and provide sustainable data as a model for listed companies, he adds.

To learn more about ESG and sustainability, see our special report on green businesses in the next issue of the Budapest Business Journal.

Richter statement on ESG

“With increasing investor expectations for ESG, Richter will be releasing its sustainability report every year starting this year. The report, published every two years since 2005, examines Richter’s corporate governance and its initiatives to achieve social and environmental sustainability in a transparent manner. Our aim is to provide a comprehensive picture of all of the areas that investors and various ESG rating agencies review regarding Richter and pharmaceutical producers in general. When it comes to our external communication, we also make sure to present relevant information in an easily accessible way. As a responsible company, Richter places great importance on aspects of sustainability that affect every element of the company’s vertically integrated activities, whether it is pharmaceutical manufacturing, research and development, or commerce. and marketing.

OTP Bank ESG declaration

“In November 2020, OTP Bank launched its ESG program and set up an ESG committee. He regularly reports on the status of the ESG program to the management committee and has started to develop OTP Bank’s ESG strategy. We have to meet expectations both as a bank and as a legal entity. Here the bank needs to think about strategic processes, such as how ESG considerations are reflected in our risk management or compensation policies. With these, the bank also meets the expectations of the various ESG rating agencies. Based on their rating, our clients and partners see to what extent the bank complies with ESG rules. In addition, in the area of ​​services (this means thousands of products in customer portfolios), we also had to assess and show the sustainability risks of these products.

“The bank had until March 10 to complete the publication of regulations on compensation, organization and product side, risk management, transparency of adverse reactions and associated procedures. OTP is already at the forefront of financing green infrastructure, housing loans, electric cars, renewable energy production and making its activities more environmentally friendly in terms of saving materials and energy.

István Kutas, Director of Corporate Communications at Magyar Telekom

“Magyar Telekom has developed its approach to sustainability according to the three pillars ESG, environmental, social, economic, and includes values ​​such as climate protection, a healthy environment, a sustainable society, diversity, social solidarity, catching up digital, sustainable products and services, as well as fair trade and transparency. Magyar Telekom has published an annual sustainability report since 2004 that adheres to strict international standards, ensuring comparability and analysis. Reports follow GRI guidelines. Our most recent report for 2020 was prepared using the “Comprehensive” application level of the GRI standard. In addition to improving TCFD (Task Force on Climate-Related Financial Disclosures) compliance, the requirements of the Sustainability Accounting Standards Board (SASB) have also been added to the current report. It is based on the international standard ISAE 3000, an independent third party PwC tested and certified to meet GRI criteria.

“As in previous years, the 2020 report summarizes the progress made in accordance with the principles of the United Nations Global Compact. In 2009, Magyar Telekom joined the initiative and its 10 principles in the areas of human rights, working conditions, environmental protection and the fight against corruption. Responsible investors already own 45% of the free shares of Magyar Telekom. In the 2020 and 2021 ratings, leading agencies such as ISS, MSCI and FTSE4Good rank the group among the best companies in its sector. Magyar Telekom has been confirmed as a member of the FTSE4Good index family by FTSE Russell. In addition, as the only Hungarian company, Magyar Telekom was among the top 7% of companies based on the Supplier Engagement rating of the Carbon Disclosure Project.

This article first appeared in the print issue of the Budapest Business Journal on September 10, 2021.

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“Safe Harbor” data breach: Could New Jersey businesses get a stay of onslaught of data breach litigation? – Technology

United States: “Safe Harbor” data breach: Could New Jersey businesses get a stay of onslaught of data breach litigation?

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In recent months, numerous cases of significant data privacy breaches have been reported in the media. From Facebook, which suffered a data breach affecting more than 540 million users, to Microsoft, Capital One, T-Mobile and Volkswagen. These are all some of the biggest companies in technology, communications and transportation. While these large enterprises, with their large IT budgets and arguably unlimited resources, are unable to protect themselves against data breaches, small businesses naturally wonder when they will be next and if such a breach will destroy their business.

Following in Ohio and Utah’s footsteps, New Jersey lawmakers recently introduced a bill that could protect businesses from the litigation that typically follows these data breaches. In short, if approved, Senate Bill S3062 would provide a positive defense against data breaches.

To be able to assert legal defense, companies must create, maintain and comply with a written cybersecurity program that contains administrative, technical and physical safeguards for the protection of personal information or restricted information, or both, and which is reasonably consistent with an industry recognized cybersecurity framework. A Covered Entity’s cybersecurity program must be designed to protect against the following:

  1. breaches of the security and privacy of personal information, restricted information, or both;
  2. any anticipated threat or danger to the security or integrity of Personal Information, Restricted Information, or both; and
  3. unauthorized access and acquisition of personal information, restricted information or both that could pose a significant risk of identity theft or other fraud to the person to whom the information relates.

The bill further requires that the scale and scope of a Covered Entity’s cybersecurity program be based on all of the following factors:

  1. the size and complexity of the covered entity;
  2. the nature and extent of the activities of the covered entity;
  3. the sensitivity of the information to be protected;
  4. the cost and availability of tools to improve information security and reduce vulnerabilities; and
  5. the resources available to the covered entity.

In addition, the bill authorizes the director of the Consumer Affairs Division of the Department of Law and Public Security (“director”) to consider that a target entity’s cybersecurity program required by the bill, Reasonably complies with an industry-recognized cybersecurity framework if the target entity’s cybersecurity program is reasonably compliant with any of the cybersecurity frameworks or legal provisions listed in the bill. A determination of reasonable compliance by the Director would be considered by a court as evidence in determining whether the covered entity is entitled to an affirmative defense. However, a covered entity may raise the affirmative defense in court without the Director determining reasonable compliance. In the absence of the director’s determination of reasonable compliance, the court may determine reasonable compliance in accordance with the standards set out in the bill.

The purpose of the bill is to get companies to proactively plan and create a cybersecurity program that might otherwise prevent a potential data breach, rather than being reactive if and once a data breach occurs. occurs. As is clear from the framework, however, complying with the requirements of the bill is onerous and costly, and could deter some companies from using the legal mechanism. However, if the legislation is enacted, it will provide all businesses – from small local stores to larger businesses – the opportunity to protect themselves from costly and time-consuming litigation that can result from a data breach.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.


Implications of mounting a legal and regulatory review on Binance

K2 Integrity

Binance Holdings Limited (Binance), the world’s largest cryptocurrency exchange by transaction volume, is under increasing legal and regulatory scrutiny in many jurisdictions, signaling mounting pressure on the cryptocurrency industry in general and decentralized organizational structures in particular.

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Johnson & Johnson brace for reorganization votes showdown with former talc supplier

A bottle of Johnson and Johnson Baby Powder is seen in an illustrative photo taken in New York City. REUTERS / Mike Segar

  • J&J says votes were improperly traded after deadline
  • Group of personal injury claimants defend voting changes
  • Votes are the key to the reorganization of Imerys Talc

The company and law firm names listed above are generated automatically based on the text of the article. We are improving this functionality as we continue to test and develop in beta. We appreciate comments, which you can provide using the comments tab on the right of the page.

(Reuters) – Johnson & Johnson will urge a judge on Monday to disqualify some votes in favor of a reorganization plan proposed by its former talc supplier, saying the votes were inappropriately altered in an attempt to gain needed support creditors for the deal.

The dispute is the latest between the pharmaceutical giant and Imerys Talc America, which filed for bankruptcy in February 2019 to process around 15,000 lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma. As Imerys, represented by Latham & Watkins, tries to push forward a plan that would allow it to close bankruptcy and set up a trust to compensate the bodily injury claimants, J&J opposed the deal, saying that Imerys is trying to make it easier for cancer victims to sue J&J instead.

J&J, represented by Weil Gotshal & Manges in the Imerys Chapter 11 case, has long denied any wrongdoing in response to a dispute over its talc-based products. Reuters reported this summer that the company explored the possibility of turning its talcum liabilities into a new entity and bankrupting that entity.

J&J has asked US bankruptcy judge Laurie Selber Silverstein to cast more than 15,000 votes on the plan cast by the law firm Bevan & Associates on behalf of the personal injury claimants. Over 80,000 votes were cast in total. The motion was filed under seal, but J&J on Thursday submitted a publicly available document indicating that Bevan’s votes were changed after the plan’s voting deadline.

J&J maintains that the votes were changed in favor of the plan after the official Imerys Liability Plaintiff Committee, represented by Robinson & Cole, contacted Bevan when they realized there was no not enough favorable votes to meet the threshold required by bankruptcy law.

Supporters of the plan want to “bury their heads in the sand and exclaim that everyone should just move on because there is nothing to see here, a vote is a vote,” J&J said in Thursday’s record.

J&J also argued that Bevan’s claimants had no reason to support the plan since most of them do not have ovarian cancer or mesothelioma claims and therefore are not eligible for some. trust review process. But the tort plaintiffs committee said any talc claim, even if it is unlikely to be paid, is allowed to vote because its rights will be compromised.

Bevan said in court documents that “no promises or inducements” were offered to the company’s claimants in exchange for their votes.

J&J also called for the disqualification of nearly 500 votes submitted by another company, Williams Hart Bundas Easterby, claiming that this company was wrongly offered a seat on the Trust Advisory Board in exchange for changing its votes.

The tort plaintiffs committee defended the voting changes, saying in court documents that its members had contacted Bevan and Williams Hart to have “good faith communications” about plaintiffs’ concerns about the plan. The committee also said Bevan’s claimants initially voted against the plan due to a misreading of certain provisions.

The committee called J&J’s efforts to reject the votes as “conspiracy theories and innuendo.”

Representatives for J&J did not immediately respond to requests for comment. An Imerys representative declined to comment.

Imerys, formerly the American arm of the French group Imerys SA, was sold to Magris Resources Canada for $ 223 million in 2020. This proceeds will go to a trust which, under the plan proposed by the company, will pay the claims for injury.

The case is In re Imerys Talc America Inc., US Bankruptcy Court, District of Delaware, No. 19-10289.

For Imerys: Jeffrey Bjork, Kimberly Posin, Helena Tseregounis and Richard Levy from Latham & Watkins and Mark Collins, Michael Merchant, Amanda Steele and Brett Haywood from Richards Layton & Finger

For Johnson & Johnson: Diane Sullivan, Gary Holtzer, Ronit Berkovich and Theodore Tsekerides from Weil Gotshal & Manges, and Patrick Jackson from Faegre Drinker Biddle & Reath

For the Crime Committee: Natalie Ramsey, Mark Fink and Michael Enright of Robinson & Cole, Rachel Strickland, Jeffrey Korn, Dan Forman and Stuart Lombardi of Willkie Farr & Gallagher and Kami Quinn and Heather Frazier of Gilbert

Read more:

US judge refuses to prevent J&J from separating talcum liability from core business

EXCLUSIVE – J&J plans to bankrupt talc liabilities

The vote on the reorganization plan of Imerys Talc modifies the confusion and causes bankruptcy

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The advantages and disadvantages of the hire-purchase in SARL

“Of course, most of the differences boil down to the tax treatment, but there are other things to think about.”

A record number of new public limited companies were formed in 2020 to hold rental properties, according to analysis of Companies House data by real estate agent Hamptons. It says that last year there were a total of 41,700 incorporation for rent, an increase of 23% from 2019. The numbers have more than doubled since 2016, when tax changes for owners were introduced and at the end of 2020 there were a total of 228,743 active buy-lease companies.

However, a limited company structure is not for everyone, and many investors still choose to hold rental purchases in their own name. So what are the considerations?

Here are some of the pros, cons and considerations of owning a rental investment in a limited liability company. Naturally, most of the differences boil down to the tax treatment, but there are other things to consider and it is important to seek the advice of a specialist advisor before making a decision on what is right for a client’s situation.

Advantages of a public limited company

The mortgage interest exemption restrictions do not apply to a limited liability company

In 2015, then-Chancellor George Osborne announced that mortgage interest tax breaks would be phased out for individuals between 2017 and 2020. At present, Individual Buy to Let homeowners are not in the process. able to offset their mortgage interest costs with their tax bill. The government introduced a 20% tax credit for people in this situation, but it is not as beneficial for higher rate taxpayers. Mortgage interest payable on a rental mortgage for a limited company can still be deducted from its tax bill.

Corporate tax rates are lower than income tax rates for most homeowners

Profits generated by an investment property owned by a natural person will be taxed at that person’s personal tax bracket, which could potentially be 45%. Profits generated by investment property held by a public limited company will be subject to corporation tax, which is currently 19%.

In this year’s budget, it was announced that the maximum corporate tax rate will be reduced from April 2023 to 25%. However, it should be noted that the maximum rate will only apply to profits above £ 250,000. The rate for small profits below £ 50,000 will remain at 19% and there will be relief for companies with profits below £ 250,000 to pay less than the main rate.

A limited company offers more options for tax planning

With a limited company, investors can choose to earn income as and when they need it in the most tax-efficient way. For example, a married couple owning investment property through a limited company could reward themselves separately with dividend payments, in order to maximize their tax exemption thresholds. There may also be more complex tax planning opportunities to meet an individual’s individual circumstances and it is always important to speak to a specialist tax advisor.

Limited liability companies are separate legal entities, so they offer limited liability protection to owners.

There is a certain degree of comfort and separation in owning property in a separate legal entity. For example, if tenants have unpaid utility or municipal tax bills, the limited liability company will be contacted as the owner of the property, rather than the individual.

Disadvantages of a public limited company

Owners are still subject to personal income tax when withdrawing income from the business

Corporate tax may be lower than income tax, but if you want to use the money you earn from a rental investment, you will need to withdraw money from the limited company and that can also become subject to personal tax. Thus, an investor can pay corporate tax through the limited company in addition to personal income tax or dividends. Specialized tax advice should always be sought in these situations.

No reduction in capital gains tax (CGT)

Individuals can benefit from the CGT allowance on profits when selling real estate. Limited companies cannot. The CGT 2021-2022 allowance is £ 12,300.

There are additional administrative considerations and costs

A limited liability company is a separate legal entity and while a company can be set up at Companies House for just £ 12 the company will have a number of responsibilities including reporting and accounting. Outsourcing these tasks will come at a cost.

The transfer of an existing property from its own name to a limited liability company is subject to a fee

There are costs involved in transferring existing properties owned by an individual into a limited liability company. As ownership or ownership changes, it could be subject to stamp duty property tax, legal fees, and potentially capital gains tax. So it’s worth weighing these costs and talking to a specialist tax advisor before making the switch.

There are fewer products left for public limited companies

However, this situation is changing and many lenders, like Castle Trust Bank, offer the same rates for individuals and corporations.

As part of their research, Hamptons provided a useful example of tax payable in fiscal year 2020/2021 on a property worth £ 250,000, with a 75% LTV mortgage for a company limited liability, a lower rate taxpayer and a higher rate taxpayer.

Limited liability company Staff (lower rate) Staff (higher rate)
Purchase price £ 250,000 £ 250,000 £ 250,000
To rent £ 12k £ 12k £ 12k
Mortgage interest £ 6,563 £ 4,688 £ 4,688
Gross profit £ 5,438 £ 7,313 £ 7,313
Taxes due £ 1,033 £ 1,463 £ 3,863
Net profit £ 4,404 £ 5,850 £ 3,450

This calculation assumes a 75% LTV interest mortgage with a rate of 2.5% on personally owned property and 3.5% for property held in a limited company. Gross profit is calculated after costs but before tax. Net profit is calculated after all costs, including taxes.

The route your clients choose depends on their personal circumstances and it is important that they seek advice from a specialist tax advisor before making a decision. You can of course discuss their options, especially when it comes to choosing the mortgage product, but don’t be tempted to go astray by offering tax advice if you don’t have the permissions to do so. Many brokerage firms find it beneficial to have a referral agreement with a tax advisor, both as a way to offer additional services to their clients and to generate new leads.

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Live from Toms River, it’s Block GameDay countdown

It will be a showdown between Toms River on Friday night when Toms River North visits third-place Donovan Catholic, and the Shore Sports Network will be on hand this week. The Block GameDay countdown.

Every Friday of the season, the Shore Sports Network will highlight a game in which Kevin Williams will make live segments before, during and after the game on our Shore Sports Network Facebook page. Additionally, we will award an MVP to the game’s top player who will be interviewed on the pitch as part of our Facebook coverage.

This week, coach Ed Sarluca steps in to handle hosting duties for the U.S. Division competition between local rivals.

This weekly segment is presented by The butcher’s block in Long Branch which will reopen soon after a complete renovation that includes a full bar. Owned and operated by former Monmouth regional quarterback Tommy D’Ambrisi, The Block quickly became a Jersey Shore favorite, especially for streak enthusiasts.

As part of the GameDay countdown, match attendees are invited to research the Shore Sports Network SUV and enter to win a dinner for six with limo transportation to The Block at the end of the season. This promotion will end in November (TBD) with our final appearance on Friday night. The competition is open to people 18 years of age and over.

Contest rules

1. No purchase necessary to enter or win

2. Eligibility: Townsquare Media Inc. giveaways (the “Giveaways”) are open only to persons legally residing in the 48 contiguous states and who are 18 years of age or older. Employees of Townsquare Media Inc., their advertising or promotion agencies, those involved in the production, development, implementation or management of Giveaways, any agent acting for or on behalf of the above entities, their parent companies respective, officers, directors, subsidiaries, affiliates, licensees, service providers, award providers, any other person or entity associated with the Gifts (collectively the “Gift Entities”) and / or immediate family (spouse, parents , siblings and children) and household members (whether related or not) of each of these employees, are not eligible. All US, Federal, State, and local laws and regulations apply. Void in Quebec, Puerto Rico and where prohibited by law.

3. Sponsor: The Contest Sponsor is Townsquare Media Inc. (the “Sponsor”) with offices located at 1 Manhattanville Rd, Suite 202, Purchase, NY 10577.

4. Acceptance of Official Rules: Entry into the Contest constitutes full and unconditional agreement and acceptance of these Official Rules and decisions of the Sponsor, which are final and binding. Winning a prize is contingent upon meeting all of the requirements set forth herein.

5. Entry Period: The start and end dates / times of each Contest (the “Entry Period”) will be posted on the applicable Contest site.

6. Participation: To participate in a Giveaway, follow the instructions on the Giveaway website. The submission will result in multiple entries. The number of times you can enter the contest will be displayed on the applicable contest site. The use of agencies or automated software to submit entries will void all entries submitted by that person.

7. Prize Draw: At the end of the Entry Period, the Sponsor will select the name of the potential winner in a random draw from all eligible entries received during each Entry Period. The number of winners to be selected in a specific competition will be displayed on the relevant competition site. The odds of being selected as a potential winner depend on the number of eligible entries received during the entry period. The potential winner will be contacted by email and will be asked to provide their full name, age and mailing address within a specified time frame. If a potential winner does not respond within the time period specified in the notification email, Sponsor may select another potential winner in their place at random from all entries received during the entry period. Limit of one (1) prize per household per gift.

8. Requirements of Potential Winners: If a Potential Winner has not reached the legal age of majority in their state of residence (a “Minor”), at the Sponsor’s option, the applicable Prize will be awarded to the Minor or his or her. parent. or legal guardian. Unless otherwise prohibited, potential winners (or their parent / legal guardian in the case of a minor) may be required to complete and return an Affidavit of Eligibility and Liability / Publicity (the “Affidavit / Disclaimer”) within seven (7) days after being notified. If a potential winner (or their parent / legal guardian in the case of a minor) does not sign and return the affidavit / release within the required time, another participant will be selected in their stead in a draw. by lot of all entries received.

9. Prize: The Prize (s) (including the approximate retail value of each Prize) available to be won in a specific Contest will be posted on the Contest Site. No cash or other substitution may be made except by Sponsor, who reserves the right to substitute a prize with another prize of equal or greater value if the prize is not available for a reason determined by Sponsor at its sole discretion. Winners (or their parent / legal guardian in the case of a minor) are responsible for all taxes and fees associated with receiving or using a prize.

10. General Conditions: In the event that the operation, security or administration of the Contest is compromised in any way for any reason, including, but not limited to, fraud, virus or any other technical problem, the Sponsor may, in its sole discretion, either: (a) suspend the Contest to remedy the deficiency and then resume the Contest in the manner most consistent with the spirit of these Official Rules; or (b) randomly award prizes from eligible entries received up to the time of impairment. The Sponsor reserves the right, in its sole discretion, to disqualify any person for any reason, including, but not limited to, those whom it deems to be tampering with the entry process or the operation of the Contest. or acting in violation of these Official Rules or in an unsportsmanlike or disruptive manner. Any attempt by any person to interfere with the legitimate operation of the Contest may constitute a violation of criminal and civil law, and, if such attempt is made, the Sponsor reserves the right to claim damages from such person to the fullest extent. permitted by law. Sponsor’s failure to comply with any condition of these Official Rules does not constitute a waiver of such provision. In the event of a dispute as to the owner of an entry, the entry will be deemed to have been submitted by the authorized account holder of the screen name from which the entry is made. The authorized account holder is defined as the natural person to whom an email address is assigned by an Internet service provider, online service provider or other organization responsible for assigning email addresses for the domain associated with the submitted email address. .

11. Disclaimer and Limitations of Liability: By entering the Contest, entrants (and the parent / legal guardian if the entrant is a minor) agree to release and hold harmless the Sponsor and the Contest Entities against any claim or cause. ‘action arising out of entering the Contest or receiving or using any prize, including, but not limited to: (a) unauthorized human intervention in the Contest; (b) technical errors relating to computers, servers, suppliers or telephone or network lines; (c) printing errors; (d) lost, late, postage-paid, misdirected or undeliverable mail; (e) errors in the administration of the Contest or in the processing of entries; or (f) injury or damage to persons or property which may be caused, directly or indirectly, in whole or in part, by the participant’s participation in the Contest or the receipt of a prize. The entrant (and parent / legal guardian if the entrant is a minor) further agrees that in any cause of action, the liability of the Sponsors and Contest Entities will be limited to the cost of entry and participation in the Contest, and in no event will the Sponsor or the Giveaway Entities be responsible for legal fees. The participant (and parent / legal guardian if the participant is a minor) waives the right to claim damages, including, but not limited to, punitive, consequential, direct or indirect damages.

12. Disputes: except where prohibited, the entrant agrees that all disputes, claims and causes of action arising out of or relating to the Contest or any prize awarded be resolved individually, without resorting to any form of class action, and exclusively by the competent court located in New York. All issues and questions regarding the construction, validity, interpretation and applicability of these Official Rules, the rights and obligations of the participant (and parents / legal guardians if the participant is a minor), or the rights and obligations of Sponsors in connection with the Contest, shall be governed by and construed in accordance with the laws of New York, without giving effect to any choice of law or conflict of law rules (whether of New York or any other jurisdiction), which would result in the application of the laws of any jurisdiction other than New York.

13. Contest Results: To request the names of the winners, send a stamped envelope to your separate address (indicating the specific contest for which you are requesting the winners) to Townsquare Media List, c / o Townsquare Media Inc., 1 Manhattanville Rd, Suite 202, Purchase, NY 10577. Requests must be received within thirty (30) days of the applicable Giveaway end date.

14. Media Download: If the Contest includes the download of media, including, but not limited to images, videos or audio, the entrant grants Townsquare Media, Inc. an unconditional license to use such images, video or audio without limitation.

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