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NLJ this week: Recovering cryptocurrency from an insolvent estate

08 July 2022
Issue: 7986 / Categories: Legal News , Cyber , Insolvency
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Cryptocurrency has been recognised as property, in a ground-breaking case, but the courts are grappling and wrestling with this area of law

In a fascinating article, Rachel Coyle of 36 Commercial explains why it’s time to get to grips with the insolvency context, given the door is now open to cryptocurrency being considered part of an insolvent estate.

Coyle describes the issues, relevant law and possible scenarios, adeptly leading the uninitiated through this very new area of law. Cryptocurrency, which is independent of the traditional banking system, is not centralised or controlled by any one person or entity. She writes: ‘What makes the cryptocurrency network so fascinating—at least to this writer—is that the transactions are anonymous. This opens up a whole host of problems.’

MOVERS & SHAKERS

Hugh James—Phil Edwards

Hugh James—Phil Edwards

Serious injury teambolstered by high-profile partner hire

Freeths—Melanie Stancliffe

Freeths—Melanie Stancliffe

Firm strengthens employment team with partner hire

DAC Beachcroft—Tim Barr

DAC Beachcroft—Tim Barr

Lawyers’ liability practice strengthened with partner appointment in London

NEWS
Commercial leasehold, the defence of insanity and ‘consent’ in the criminal law are among the next tranche of projects for the Law Commission
Tech companies will be legally required to prevent material that encourages or assists serious self-harm appearing on their platforms, under Online Safety Act 2023 regulations due to come into force in the autumn
The Bar has a culture of ‘impunity’ and ‘collusive bystanding’ in which making a complaint is deemed career-ending due to a ‘cohort of untouchables’ at the top, Baroness Harriet Harman KC has found
Lawyers have broadly welcomed plans to electronically tag up to 22,000 more offenders, scrap most prison terms below a year and make prisoners ‘earn’ early release
The ex-wife of a Russian billionaire has won her bid to bring her financial relief claim in London, in a unanimous Court of Appeal decision
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