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UKJT consults on how English insolvency law applies to digital assets

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Published on: 20 October 2023

Published by LNB News

LNB News 20/10/2023

Document Information

Issue Date: 20 October 2023

Published Date: 20 October 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The UK Jurisdiction Taskforce (UKJT) of the LawtechUK Delivery Panel has opened a consultation on digital assets and English insolvency law and is seeking responses to understand the way in which English law applies to digital assets. This development follows a previous statement which expressed the view that cryptoassets were property and smart contracts were contracts under English law. The questions now posed in this consultation are relevant to the newly proposed Legal Statement on Digital Assets and English Insolvency Law and directed at stakeholders from the legal, digital and insolvency sectors. The UKJT will host a public event to discuss the consultation in November 2023 and the consultation will formally close on 4 December 2023.

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