In this episode of Lawyers on the Block, Roman Kubiak and Kieran Forsyth from our Private Wealth Disputes Team discuss the recent lecture by one of the leading judges in the area of crypto recovery who is calling for a more cohesive international approach to aid with litigation in this field.
His Honour Justice Pelling KC, the leading judge in the London Circuit Commercial Court, calls for primary legislation and international arbitration to assist with crypto-asset recovery.
They discuss what the courts in England and Wales are currently doing to address the obstacles faced by victims of fraud when trying to enforce court orders against foreign individuals or entities and the relevant aspects which may further advance asset recovery in the international sphere, concentrating particularly on the element of an international type of arbitration which could be designed specifically for such cases.
