Digital Assets in Enforcement and Insolvency

This book offers the first comprehensive analysis of the national and international legal issues surrounding digital assets in enforcement and insolvency. Its primary aim is to ensure that the economic value of digital assets can be fully realised by creditors and other stakeholders through the legal processes and remedies available to them, and that holders of digital assets receive adequate protection. These legal issues are considered in diverse commercial and technical contexts, ranging from native cryptocurrencies held directly, or with custodians and other intermediaries, as well as the interface with traditional finance. The book offers analysis on different levels: 1. It scrutinises the existing legal frameworks in various countries and evaluates the extent to which they can accommodate digital forms of value. 2. It compares the approaches taken in different jurisdictions with international regimes. 3. It considers the cross-border issues of jurisdiction, conflict of laws, and the recognition of judgments. The book provides much-needed responses to the increasing significance of digital assets in modern insolvency and enforcement proceedings. It takes a unique global approach to a wide range of legal perspectives, drawing upon the contributors experience as leading practitioners, representatives of international organisations, and academics, in common law and civil law jurisdictions around the world. The book identifies the most pressing areas for law reform, and proposes solutions that are both legally robust as well as fit for practical purpose.