Ground breaking arbitration rules for digital disputes released
September 21, 2021
In April 2021 the UK Jurisdiction Taskforce (UKJT) published its Digital Dispute Resolution Rules (the Rules), a revolutionary set of arbitration rules designed to provide a framework to govern disputes relating to disruptive novel technologies, such as cryptoassets, smart contracts, and distributed ledger technology (DLT) applications, e.g., blockchain or ethereum. It is an important step in a series of recent Government’s efforts to strengthen the digital credentials of the UK legal sector and showcase its readiness to embrace disruptive technologies, with the aim of making the UK the jurisdiction of choice for innovative businesses and cutting-edge transactions.