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Cryptoasset Update – April 2022

There have been a number of recent cases concerning cryptoassets, many of which will have an impact on the legal landscape going forward. Chloë Bell provides an update on cases and developments.

The attached article, Cryptoassets Update, provides an update on cryptoasset cases and industry developments in recent months. It also includes an update on member activity in this specialist area of law.

Case Updates

In this article, the following cases are summarised:

  • Wang v Darby [2021] EWHC 3054 (Comm) 17 November 2021
  • Sally Jayne Danisz v Persons Unknown and others [2022] EWHC 280 (QB) 5 January 2022
  • Mr Dollar Bill v Maxim Vasilvsky, Huobi and others (unreported) 14 January 2022
  • Tulip Trading Limited v Bitcoin Association for BSV and Others [2022] EWHC 141 (Ch) 25 January 2022
  • Ion Science and Duncan Johns v Persons Unknown (unreported)28 January 2022
  • CLM v CLN [2022] SGHC 46 4 March 2022
  • Soleymani v Nifty Gateway LLC [2022] EWHC 773 (Comm) 24 March 2022
  • Tulip Trading II [2022] EWHC 667 (Ch) 25 March 2022

Other notable development relating to cryptoassets include:

  • Law Commission’s Recommendations for Electronic Trade Documents and Bills of Lading
  • Bank of England Financial Policy Committee Views on Systemic Stablecoins
  • FCA Notice to FCA regulated firms with exposure to cryptoassets
  • ‘VARA’ Law in Dubai

Member Updates

The Fintech team at Outer Temple have been involved in a number of key cases including:

They have also been or will be involved in the following events:

  • Chloë Bell was among five barristers who advocated for the importance of significant cryptoasset fraud judgments in the last year at CFAAR’s ‘Barrister Bash’ on 15 March 2022
  • Justina Stewart and Chloë Bell will be attending the Offshore Alert Conference in Miami later this month which will have a particular focus on the recovery of digital assets
  • Chloë Bell is also due to be participating as a panellist in a number of forthcoming events including TL4’s Tech on Fire Conference, World Litigation Forum and TL4’s Crypto in Disputes Conference

Read the full article

For full summaries of all the cases and developments as well as full details of the events listed above, read Cryptoassets Update here.

More information

Chloë Bell is one of a few barristers at the London bar pioneering litigation relating to cryptoassets. She obtained one of the first comprehensive set of injunctions in relation to cryptoassets in the English courts. She also has a wide advisory practice relating to all aspects of the law and regulation of cryptoassets.

To find out more, contact Sam Carter on +44 (0)203 989 6669 or Colin Bunyan on +44 (0)20 7427 4886 for a confidential discussion. Our dedicated practice management team can help you identify the right barrister for your case.

Commercial, Legal Blog & Publications, Commercial, News 8 Apr, 2022

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