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.


Kathy Harford is the Lead Knowledge Lawyer for Baker McKenzie’s global IP, Data & Technology practice.


Sue is a Partner in our Technology practice in London. Sue specialises in major technology deals including cloud, outsourcing, digital transformation and development and licensing. She also advises on a range of legal and regulatory issues relating to the development and roll-out of new technologies including AI, blockchain/DLT, metaverse and crypto-assets.