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ARTICLE · 21 FEBRUARY 2020

Cryptoassets In Cayman - Destined To Be 'Property'?

As the English High Court describes, in the context of proprietary injunctions, the Legal Statement of the UK Jurisdiction Task Force (UKJT)...

Cayman IslandsTechnology

As the English High Court describes, in the context of proprietary injunctions, the Legal Statement of the UK Jurisdiction Task Force (UKJT) on cryptoassets and smart contracts to be "an accurate statement as to the position under English Law", the Cayman courts await an opportunity to conduct their own analysis.

We now have two judgments from England (AA v Persons Unknown [2019] EWHC 3556 (Comm) and Robertson v Persons Unknown (unreported)) and one from Singapore (B2C2 Ltd v Quoine Pte Ltd [2019] SGHC(I) 03) providing detailed rationale why and in what circumstances cryptoassets should be considered 'property'. Should we presume that as far as the Cayman courts' views are concerned, all bets are now off?

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