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ARTICLE · 20 MARCH 2023

Tracing And Retrieving Crypto Assets In Insolvency

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Giambrone & Partners' insolvency lawyers have recognised that the compound effects of lockdown and the challenges

United KingdomTechnology
Olu Ajasa
Olu Ajasa
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Giambrone & Partners' insolvency lawyers have recognised that the compound effects of lockdown and the challenges surrounding overseas trading have created shrinking margins in businesses that often leave them with little resilience to commercial difficulties. The expert lawyers in Giambrone & Partners' insolvency team strongly urge businesses to take advice immediately when they realise that they may be heading towards financial difficulties as it is often possible to devise and introduce a turnaround strategy to save the company.

Our lawyers have also noted the steady inextricable rise of cryptocurrency, since its inception in 2009. Consequently, insolvency practitioners are now increasingly addressing such abstract assets when dealing with liquidations. Recent case law has established that crypto assets are property under the law of England & Wales (AA v Persons Unknown) and regarded as intangible assets (Fetch.ai Ltd and another v Persons Unknown Category A and

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