Eleven months after the publication of its monster consultation paper, the Law Commission has published its final report on Digital Assets. Last time, tongue in cheek, we likened the hype to that for “Top Gun: Maverick”,...more
Lawyers face a steep learning curve when it comes to cryptoassets and distributed ledger technology. So, it's no surprise that the Law Commission’s consultation paper on digital assets comes out at a whopping 548 pages....more
Buyers of bitcoin beware: if you lose your online banking password or PIN the solution is to contact your bank and ask for a new one. However, if you lose the private key to your bitcoin, the High Court has confirmed that...more
If someone runs off with your cryptoassets, recovering them can quickly become time-consuming and complex....more
“Entire agreement or non-reliance clauses may prevent the use of extrinsic evidence to establish additional terms and collateral agreements, or claims based on warranties or misrepresentations. However, subject to the wording...more
Is a parent company liable if it restructures its operations and a now disused subsidiary is prevented from meeting its own contractual obligations? In Kawasaki v Kemball, the Court of Appeal held that the parent neither...more
UK Developments in the Legal and Regulatory Treatment of Cryptoassets -
Cryptoassets? What are they?
Over 11 years after Satoshi Nakamoto published his white paper “Bitcoin: A Peer-to Peer Electronic Cash System”,...more
The Court of Appeal has clarified that the correct test for rectification of a contract for common mistake will depend on whether or not there is a prior concluded contract (eg an oral agreement). If there is, an objective...more