Most FinTech disputes have, to date, concerned breach of contract, fraud or insolvency in connection with cryptocurrencies like Bitcoin, such as the R3 and Ripple lawsuit, the Butterfly Labs case and the Mt. Gox dispute. However, as applications of blockchain technologies expand rapidly beyond cryptocurrency and are deployed across industry sectors on a B2B and B2C basis, there is likely to be a significant increase in disputes and in the novel issues that they raise.
In this chapter we consider:
- The legal rights and obligations of users, operators, administrators and third party providers of blockchain technologies
- The types of commercial dispute that are most likely to arise in the blockchain space.
- Dispute resolution mechanisms.
- Legal remedies for enforcing rights through litigation or arbitration.