INTRODUCTION to BLOCKCHAIN
I. BASICS of BLOCKCHAIN
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1. History and Definition
9
3. Advantages and Disadvantages
15
4.1. Distributed Ledger Technology
17
4.6. Decentralized Autonomous Organization
27
4.7. Initial Coin Offering
28
II. LEGAL DEVELOPMENTS
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1. Civil Law Jurisdictions
30
3. Common Law Jurisdictions
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4. Notable Examples around the World
42
III. FUNDAMENTAL NOTIONS related to DAO and THEIR LEGAL NATURE
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2.2. Definition, Related Terms and Differences
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2.3.2. Civil Law Jurisdictions
48
2.3.2.1.1. Classification as Property
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2.3.2.1.2. Classification as Money
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2.3.2.1.3. Classification as Financial Mediums
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2.3.2.1.4. Classification as Intellectual Property Rights
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2.3.3. European Union Law
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2.3.4. Common Law Jurisdictions
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2.3.4.1. United Kingdom
66
2.3.4.2. United States
68
3.1. Definition, Legal Analyses and Regulatory Aspects
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3.3. Offer and Acceptance
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3.4. Language and Format
88
3.5. Execution and Termination
91
IV. INTERIM CONCLUSION
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THE EXISTING LEGAL WRAPPERS Application of the Existing Legal Wrappers to DAO
2. Definition throughout Historical Trajectory
110
4. Taxonomies and Market Practice
116
II. CURRENT LEGAL DEVELOPMENTS
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1. Civil Law Jurisdictions
119
2. Common Law Jurisdictions
120
3. Notable Examples around the World
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III. GENERAL LEGAL REVIEWS on DAO
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4. Bodies and Their Relations
132
IV. APPLICATION of THE EXISTING LEGAL WRAPPERS to DAO
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2.2. Civil Law Jurisdictions
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2.2.1. Ordinary Partnership (Adi Ortaklık / Gesellschaft bürgerlichen Rechts)
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2.2.1.1. Legal Nature and Liability
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2.2.1.2. Establishment
144
2.2.1.3. Mandatory Bodies
151
2.2.1.4. Relationships
153
2.2.1.5. Dissolution of Partner Status and Partnership
159
2.2.3. Interim Result
165
2.3. Common Law Jurisdictions
167
2.3.2. General Partnership
168
2.3.3. Limited Partnership and Sister Forms
171
2.3.3.1. Limited Partnership
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2.3.3.2. Limited Liability Partnership
174
2.3.4. Unincorporated (Non–Profit) Association
175
2.3.5. Interim Result
177
3.2. Civil Law Jurisdictions
179
3.2.2. Joint Stock Company (Anonim Ortaklık / Aktiengesellschaft)
179
3.2.2.1. Legal Nature and Liability
181
3.2.2.2. Establishment
183
3.2.2.2.1. Basics of Establishment Process and Articles of Association
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3.2.2.3. Mandatory Bodies
189
3.2.2.3.1. Introduction
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3.2.2.3.2. Management Board
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3.2.2.3.3. General Assembly
191
3.2.2.3.4. Supervisory Board
194
3.2.2.4. Share and Shareholders
195
3.2.2.4.1. Introduction
196
3.2.2.4.2. Rights and Obligations
198
3.2.2.4.3. Voting Rights
200
3.2.2.4.4. Shareholder Decision–Making
202
3.2.2.6. Dissolution and Termination
205
3.2.2.7. Interim Result
206
3.2.3. Limited Company (Limited Şirket / Gesellschaft mit beschränkter Haftung)
207
3.2.3.1. Legal Nature and Liability
208
3.2.3.2. Establishment
209
3.2.3.2.1. Basics of Establishment Process and Articles of Association
210
3.2.3.3.1. Introduction
212
3.2.3.3.3. Shareholders Meeting
213
3.2.3.4. Share and Shareholders
215
3.2.3.4.1. Rights and Obligations
215
3.2.3.4.2. Share Transfer
217
3.2.3.6. Dissolution and Termination
219
3.2.3.7. Interim Result
220
3.3. Common Law Jurisdictions
221
3.3.2. Public Limited Company / Corporation
222
3.3.3. Private Limited Company / Limited Liability Company
223
V. NEW LEGAL WRAPPERS TAILORED for DAO
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3. Wyoming – Tennessee – Marshall Islands
227
VI. INTERIM CONCLUSION
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THE NEW CODE A New Form Recommendation for DAO
III. INTERIM CONCLUSION
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