Topic: Fintech

A discussion of potential causes of action that may arise from both algorithmic and traditional asset-backed stablecoins and sets out the risk factors associated with litigation involving blockchain technology.

A significant demonstration of their approach to new technology and a new era for trade finance

Adam Sanitt and Jonathan Hawkins joined this month’s episode of our firm’s FinTech Pulse podcast to discuss how a recent investigation by the UK law commission into how the current law of contract applies to smart legal contracts.

The latest instalment in the Tulip Trading v Bitcoin Association litigation has been greeted with relief by many in the blockchain community, after the High Court threw out a claim that bitcoin developers (including several bitcoin forks) owed a duty of care or a fiduciary duty to an alleged owner of bitcoin. But the Court did not rule out duties being owed in other circumstances – distributed ledger technology developers, miners and users should all beware that the risk of unexpected liability has not been completely eliminated.

As published in the International Journal of Blockchain Law, our New York and London Commercial Disputes teams have collaborated to consider how you can spot and manage litigation risk in DeFi.

While the High Court declined to order security in bitcoin, the decision leaves the door open to future applications.

The Law Commission has considered whether the current law of contract can adapt to the use of smart legal contracts

The Law Commission has considered whether the current law of contract can adapt to the use of smart legal contracts

The Law Commission has considered whether the current law of contract can adapt to the use of smart legal contracts