Cryptoasset fraud: the English court makes pre-emptive remedies available to victims of international fraud
In a legal update from Dechert’s International Litigation Group, authored by London partner Andrew Hearn and associate Daniel Natoff, the firm examines a recent judgment in which the English court has demonstrated that pre-emptive remedies are available to litigants who have been subject to cryptoasset fraud even where the alleged fraud originates outside the UK.
From orders freezing the assets held globally by presently unidentified fraudulent actors, to disclosure orders against cryptocurrency exchanges based outside the UK, international litigants can access a range of highly effective remedies to tackle cryptoasset fraud.
As investments in cryptocurrencies and the use of cryptoassets gains in popularity and continues to grow around the world, the English court is showing flexibility in its willingness to adapt existing remedies to protect market participants in the event of cryptoasset frauds.
Read more key takeaways in Dechert’s update here.
