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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

National Pro Bono Centre—Esther McConnell & Sarah Oliver Scemla

National Pro Bono Centre—Esther McConnell & Sarah Oliver Scemla

Charity strengthens leadership as national Pro Bono Week takes place

Michelman Robinson—Akshay Sewlikar

Michelman Robinson—Akshay Sewlikar

Dual-qualified partner joins London disputes practice

McDermott Will & Schulte—Karen Butler

McDermott Will & Schulte—Karen Butler

Transactions practice welcomes partner in London office

NEWS
Intellectual property lawyers have expressed disappointment a ground-breaking claim on the use of artificial intelligence (AI) ended with no precedent being set
Two separate post-implementation reviews are being held into the extension of fixed recoverable costs for personal injury claims and the whiplash regime
Legal executives can apply for standalone litigation practice rights, the Legal Services Board (LSB) has confirmed, in a move likely to offset some of the confusion caused by Mazur
Delays in the family court in London and the south east are partly due to a 20% shortage of judges, Sir Andrew McFarlane, president of the Family Division, has told MPs
Entries are now open for the 2026 LexisNexis Legal Awards, celebrating achievement and innovation in the law across 24 categories
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