Freezing Crypto Assets In The Cayman Islands – Practical Considerations

This article was originally published in Global Restructuring Review  in February 2022.

Months after their colleagues explored the treatment of cryptocurrency as property, Collas Crill's head of dispute resolution Stephen Leontsinis and counsel Natascha Steiner-Smith in the Cayman Islands discuss how courts might deal with the identification and freezing of such proprietary assets.

Jennifer Colegate and David Harby of Collas Crill previously explored the treatment of cryptocurrency as "property" following the decision reached by the courts of the British Virgin Islands in Philip Smith v Torque Group Holdings, which adopted the position of the English Court in the 2019 case AA v Persons Unknown re Bitcoin.