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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

Gibson Dunn—London partner promotions

Gibson Dunn—London partner promotions

Firm grows international bench with expanded UK partner class

Shakespeare Martineau—six appointments

Shakespeare Martineau—six appointments

Firm makes major statement in the capital with strategic growth at The Shard

Myers & Co—Jess Latham

Myers & Co—Jess Latham

Residential conveyancing team expands with solicitor hire

NEWS
One in five in-house lawyers suffer ‘high’ or ‘severe’ work-related stress, according to a report by global legal body, the Association of Corporate Counsel (ACC)
The Legal Ombudsman’s (LeO’s) plea for a budget increase has been rejected by the Law Society and accepted only ‘with reluctance’ by conveyancers
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
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