DOD to Pay All Small Businesses Faster
Client Alert | less than 1 min read | 05.02.11
DOD issued an interim rule on Wednesday, April 27, 2011, changing the Defense Federal Acquisition Regulation Supplement to accelerate payments for all small business concerns. Previously, DOD accelerated payments only to small disadvantaged business concerns by paying the SDBs as quickly as possible once invoices are submitted, but the interim rule accelerates payment to all small business concerns.
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On the surface, United States v. Bankman-Fried is a case about the collapse of a cryptocurrency exchange. But the U.S. Court of Appeals for the Second Circuit’s recent opinion — affirming Samuel Bankman-Fried’s conviction on seven counts of fraud and conspiracy — carries important lessons that extend well beyond the world of digital assets.
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