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Mapping Grey Areas in International Legal Approaches to The Failure of Crypto Firms

Lady justice crypto
Seminars | Workshops

The event is a face-to-face workshop-2 days in Nottingham, 12 and 13 August. The workshop will be hosted by Nottingham Law School, NTU and organised by project team on behalf of the Centre for Business and Insolvency Law.

  • From: Monday 12 August 2024, 9.30 am
  • To: Tuesday 13 August 2024, 4.30 pm
  • Location: Crowne Plaza Nottingham, Wollaton St, Nottingham, NG1 5RH
  • Booking deadline: Thursday 1 August 2024, 12.00 am
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Past event

Event details

The event will take place in person at the Crowne Plaza Hotel in Nottingham. It will be the third workshop in the AHRCH project, following two online workshops organised through MS Teams platform on 17-18 June and 8-9 July 2024. At the event, up to 30 attendees will be hosted by invitation only. Besides the research team, there would be at least 5 attendees from Nottingham Trent University. This face-to-face workshop aims to facilitate greater collaborative and discursive potential and it will also be broadcasted online. During this networking event, the project team will disseminate the research findings that have been made to date as well as discussing possible further funding applications, including international funding calls.

The event brings together experts in the fields of insolvency, cryptocurrency regulation and private international law, all of which intersect in the network’s theme. In this event, there will be non-academic representation through the Istanbul Bar Association and INSOL International.

The project overview:

Cryptoassets have grown in popularity in recent years, with 2.3 million UK citizens identified as having invested in these assets, with around 6% borrowing money to do so. There has been similar or greater interest in many other countries, including in developing countries, often without awareness of the real risks entailed. Legal issues in this sector are beset with uncertainties, not least as to what will happen in the event of an insolvency.

Cryptocurrencies and crypto exchanges, “crypto firms”, operate in a volatile market beset with legal uncertainties, making insolvencies likely, especially where cryptocurrencies have no intrinsic value and where the likely tightening of regulation will bring turmoil. In the event of an insolvency, claims by crypto investors are likely to be met with difficulty as proceedings may be opened in another, unfamiliar, jurisdiction. The legal impacts of insolvencies in the crypto sector are also complex, international in dimension, and under researched. There is presently no comprehensive analysis of this international dimension and little public awareness. This project will be a first step towards this analysis by identifying the issues that are likely to arise in the event of the failure of a crypto firm, mapping the jurisdictions that are likely to be involved, and identifying possible legal responses.

It will do so through bringing together an international network involving academic and practitioner representation from major crypto-investing countries, with equal representation from developing countries where there are high levels of crypto investment. The overarching aim of the Network will be to model the legal problems that are likely to arise in the event of the failure of a crypto firm and to consider how such issues might be effectively addressed. The formation of a new, international cross-disciplinary, multi-organisational network provides a strong platform to enable this.

Further information:

AHRC Grant Ref: AH/Y006674/1

NTU WT ID: 1766421

Principal investigator: Prof Rebecca Parry rebecca.parry@ntu.ac.uk, Tel: 44(0)115 8486883

Co-investigator: Dr Hakan Sahin hakan.sahin@ntu.ac.uk, Tel: +44(0)1158488037

Co-investigator: Dr Phoebe Gatoto phoebe.gatoto@ntu.ac.uk, Tel: +44(0)115 84 88094.

Co-investigator: Dr Akrum El Menshawy, akrum.elmenshawy@ntu.ac.uk, Tel: +44 (0)115 941 8418

All of Nottingham Law School, Chaucer Building, Nottingham Trent University, 50 Shakespeare Street, Nottingham, NG1 4FQ Project website: https://crypto-insolvencies.com/

Project Partners: INSOL International and Istanbul Bar Association.

Location details

Address:

Crowne Plaza Nottingham
Wollaton St
 Nottingham
 NG1 5RH
Past event

Still need help?

+44 (0)115 941 8418