An expert legal statement was published by the UK Jurisdiction Taskforce (UKJT, a taskforce of the UK’s Lawtech Delivery Panel) on recognising cryptoassets as property and smart contracts as enforceable agreements under English law. The two key takeaways:

  1. In principle, cryptoassets are to be treated as property under English law.
  2. A smart contract is capable of having contractual force.

For more details, read the full article on Baker McKenzie’s dedicated blockchain blog.

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Sue has significant experience advising on commercial technology projects for almost 20 years. She advises clients (both customers and vendors) on a wide range of technology matters, including outsourcing, cloud, digital transformation, technology procurement, development and licensing, m/e-commerce, AI, blockchain and data privacy.

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