In recent years we have seen a dramatic surge in the use of Bitcoin and other
cryptocurrencies, including Ethereum, Litecoin, Zcash, Dash and Ripple, by
businesses. Towards the end of 2017, Bitcoin’s market cap exceeded $100 billion
making it worth more than a number of large US companies, including Goldman Sachs
and eBay. However, the first few years of this new financial technology have been
unsettled, resulting in a number of disputes and litigation.
As this is a new and evolving area of the law, it is vital that you seek advice and
representation from solicitors at the forefront of understanding and solving digital
currency disputes. Our Cryptocurrency Litigation Solicitors take a tenacious and
results-driven approach to every case. If your business is dealing with a legal
issue relating to virtual currency, contact us
today for expert, immediate advice.
Disputes involving digital
currency may
arise in relation to, for instance:
- a claimant trying to recover Bitcoins or access to a private key
- a criminal matter such as fraud or money laundering
Jurisdiction
How the court will approach your dispute much depends on matters of jurisdiction and relevant
local
laws. By its very nature, digital currency litigation frequently involves jurisdictional issues.
In
fact, jurisdiction is often one of the concerns for businesses using crypto currency because of
its
significance if a dispute were to arise.
Legal action depends not only on the nature of the dispute, but the jurisdiction of both the
agreement and the parties to the dispute. If the key (or copies of the key) are stored in more
than
one jurisdiction, it is best to commence action in the fastest, most cost effective
jurisdiction.
Once the issue of jurisdiction is resolved, the substance of the dispute can then be dealt with.
Whatever the dispute, our specialist digital currency litigation lawyers have the expertise to
represent you. We will take full details of the circumstances leading to the dispute and advise
on
how best to resolve the matter. If it becomes necessary, we will take aggressive action in the
courts to best protect your interests.
How
LitigateOnDemand
Can Help
Our international litigation expertise and ability to act fast are crucial strengths in
maximising the possibility of a successful outcome, minimising the loss if possible and
obtaining speedy restitution.
LitigateOnDemand is a dynamic litigation and dispute resolution agency. We put the best
interests of our clients at the heart of everything we do. We work with both businesses
and private individuals, giving them legal advice and support which is unique to them
and their situation.
We will focus on your specific circumstances before working out the best and most
cost-effective way of helping you achieve your aims.