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Digital reform on the cards?

26 October 2022
Issue: 8000 / Categories: Legal News , Profession , Technology , Cyber
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The Law Commission is to review legal uncertainties around digital assets, cryptocurrencies and electronic trade documents.

Its latest project, ‘Digital assets: which law, which court?’, will examine how private international law applies to emerging technology. Jurisdiction questions often arise in international tech-related disputes, since the geographical location of intangible digital assets is hard to pinpoint.

The commission will publish a consultation paper in the second half of 2023.

Law Commissioner Professor Sarah Green said: ‘With digital assets and other emerging technologies developing rapidly in recent years, the laws that support and govern them have struggled to keep pace.

‘This has led to inconsistencies across jurisdictions, with uncertainty over which laws should be applied and which courts should rule on them. By clarifying the law, the UK can lead the way in providing solutions to the legal issues increasingly seen at an international level, creating a commercial environment that allows these technologies to thrive.’

Issue: 8000 / Categories: Legal News , Profession , Technology , Cyber
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