An Overview of Digital Assets (December 2023)
The digital universe is vast and ever-changing in this modern world. This overview of ‘Digital Assets’ intends to provide members with an understanding of the meaning of this, often complex, type of asset, and how an officeholder may wish to approach this asset in an insolvency scenario. View
The digital universe is vast and ever-changing in this modern world. This overview of ‘Digital Assets’ intends to provide members with an understanding of the meaning of this, often complex, type of asset, and how an officeholder may wish to approach this asset in an insolvency scenario. View
UKJT Legal Statement on Digital Assets and English Insolvency Law (April 2024)
Legal Statement on Digital Assets and English Insolvency Law - The Legal Statement addresses the way in which English insolvency law applies to digital assets. The Legal Statement concludes, amongst other things, that digital assets fall within the definition of property in the English Insolvency Act 1986, and that proprietary rights can be retained to digital assets held by insolvent estates. A valid statutory demand cannot yet, however, be served in respect of a debt of a digital asset. View
Legal Statement on Digital Assets and English Insolvency Law - The Legal Statement addresses the way in which English insolvency law applies to digital assets. The Legal Statement concludes, amongst other things, that digital assets fall within the definition of property in the English Insolvency Act 1986, and that proprietary rights can be retained to digital assets held by insolvent estates. A valid statutory demand cannot yet, however, be served in respect of a debt of a digital asset. View
UKJT Legal statement on cryptoassets and smart contracts (November 2019)
A legal statement on cryptoassets as tradable property and smart contracts as enforceable agreements under English law. View
A legal statement on cryptoassets as tradable property and smart contracts as enforceable agreements under English law. View
UKJT Legal statement on digital securities
A legal statement on the issuance and transfer of equity or debt securities using a system deploying blockchain or DLT under English law. View
A legal statement on the issuance and transfer of equity or debt securities using a system deploying blockchain or DLT under English law. View
The Property (Digital Assets) Bill 2024
The Property (Digital Assets) Bill is poised to significantly impact the treatment of digital assets within the framework of English law. With the increasing prevalence of digital assets, including cryptocurrencies, tokens, and non-fungible tokens, clarifying their legal status is crucial, particularly in the realm of insolvency law. This bill raises several key issues and implications for insolvency practitioners and creditors. View
The Property (Digital Assets) Bill is poised to significantly impact the treatment of digital assets within the framework of English law. With the increasing prevalence of digital assets, including cryptocurrencies, tokens, and non-fungible tokens, clarifying their legal status is crucial, particularly in the realm of insolvency law. This bill raises several key issues and implications for insolvency practitioners and creditors. View