Amy Harvey dispute resolution partner and civil fraud expert, and Alexander Unal, associate, provide valuable insights in their latest article for the FT Adviser.
The Law Commission's final report on digital assets has captured the attention and buoyed the spirits of legal practitioners, advisers, and investors in the digital asset arena. In the past three years, notable advancements have been witnessed in the treatment of digital assets within the English and Welsh courts, with judges pioneering groundbreaking decisions.
This report examines:
- The growing pressure for government intervention in the digital asset field and recommendations that could reshape the legal landscape
- The proposed measures include targeted statutory reform
- The ongoing development of common law
- The establishment of an expert panel consisting of industry-specific experts to provide non-binding guidance
In this article Amy and Alex explore the potential impact of these proposals on lawyers, investors, and the UK government's ambitions to position the country as a center of excellence for crypto-based businesses. The Law Commission's report signifies an important step towards bringing digital assets closer to the law, with the potential to facilitate asset recovery and enhance legal rights enforcement in this rapidly evolving domain.
The full article is free to read: Digital asset proposals could spark meaningful change for courts
For all questions regarding the topics raised in this article, please contact Amy Harvey or a member of our team.