UK Jurisdiction Taskforce of LawtechUK Publishes Rules for D

UK Jurisdiction Taskforce of LawtechUK Publishes Rules for Dispute Resolution for Crypto, Blockchain


UK Jurisdiction Taskforce of LawtechUK Publishes Rules for Dispute Resolution for Crypto, Blockchain
The
Sir Geoffrey Vos, Master of the Rolls, has published its
Digital Dispute Resolution Rules addressing legal disputes relating to digital technology such as crypto assets, smart contracts, and blockchain applications.
The document was drafted following a consultation with lawyers, technical experts and other interested parties.
The Taskforce notes that the new rules allow parties to resolve their disputes by an arbitrator, rather than by a judge in court.
In November 2019 the UKJT published a legal statement on the status of cryptoassets and smart contracts under English and Welsh law. The legal statement was described as a significant step by the UK towards legal certainty for blockchain technology and crypto-assets.

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