Sarah Abrams
Among the many concerns arising from the increasing prevalence of cryptocurrency are the problems and risks associated with the fact that the liquidity and value of cryptocurrencies fluctuate over time. To illustrate the kinds of liability risks this fluctuation can lead to, Sarah Abrams, Head of Claims Baleen Specialty, a division of Bowhead Specialty, reviews a recent set of circumstances in which Stoli Group USA, LLC sought to settle a secured debt liability by payment of another kind of alternative asset with fluctuating valuation – in this case, 35,000 barrels of unfinished bourbon. Sarah considers the potential implications from the Stoli case for companies with crypto treasury assets. I would like to thank Sarah for allowing me to publish her article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this site’s readers. Please contact me directly if you would like to submit a guest post. Here is Sarah’s article.
