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Cryptocurrency Litigation

Cryptocurrency Litigation Lawyers London

In recent years we have seen a dramatic surge in the use of Bitcoin and other cryptocurrencies, including Ethereum, Litecoin, Zcash, Dash and Ripple, by businesses. Towards the end of 2017, Bitcoin’s market cap exceeded $100 billion making it worth more than a number of large US companies, including Goldman Sachs and eBay. However, the first few years of this new financial technology have been unsettled, resulting in a number of disputes and litigation.

As the broader digital currency industry continues to grow at a very fast pace, it is essential that Litigation and Dispute Resolutions Solicitors have an in-depth and up-to-date understanding of this niche area. At Selachii LLP, our solicitors specialise in FinTech, Bitcoin and Commercial Litigation. We are committed to remaining abreast of all legal developments in this field so we can provide the highest quality service to our clients. We assist clients involved in cryptocurrency disputes, relating to breach of contract, taxation issues and many other matters.

As this is a new and evolving area of the law, it is vital that you seek advice and representation from solicitors at the forefront of understanding and solving digital currency disputes. Our Cryptocurrency Litigation Solicitors take a tenacious and results-driven approach to every case. If your business is dealing with a legal issue relating to virtual currency, contact us today for expert, immediate advice. 

Why are Businesses Attracted to Cryptocurrencies?

Cryptocurrency is a decentralised digital cash system. It aims to be a secure and anonymous form of exchange. Transactions are tracked and protected by cryptography, which turns readable information into secure codes.

As the digital currency market is not currently controlled by a bank or central organisation, this makes it attractive to businesses, especially startups, looking to launch or develop new projects free from stringent regulations. It is not surprising, then, that many companies are attracted to this funding solution as it offers enhanced efficiency and reduced costs.

Many companies have launched Initial Coin Offerings (ICOs) to take advantage of the unregulated framework. ICOs are fundraising campaigns in which businesses offer investors digital assets, known as tokens, instead of shares in the company.

Under the unregulated cryptocurrency network, anyone can create a new token or ICO, meaning the potential for fraud, theft and disputes is high. Indeed, there have already been court claims alleging missing tokens and fake cryptocurrencies.

While Bitcoin and other cryptocurrencies offer many advantages, it is important to be aware of the risks involved. As well as providing representation in contentious matters, we also provide expert advice to businesses and individuals considering virtual currencies to ensure they are well aware of and prepared for the associated risks.

When can a Cryptocurrency Dispute Arise?

Disputes involving digital currency can occur in a number of situations. These include:

  • where there is a breach of contract;
  • where a claimant is trying to recover Bitcoins or access to a private key;
  • where a criminal matter has occurred, such as fraud or money laundering;
  • where a party is allegedly using digital currency to hide assets;
  • where a party is allegedly concealing assets in the course of commercial litigation;
  • where there is an issue of company or commercial law; and
  • where there are intellectual property issues, such as patents.

The rapid growth in the area of digital currency means new legal issues are arising on a daily basis. Consequently, the scope for disputes is broad. Our Bitcoin and Cryptocurrency Litigation Lawyers are well placed to assist with any contentious matter you may become involved in.

Selachii LLP: a Niche Digital Currency Litigation Firm

Due to the decentralised and international nature of Bitcoin and other cryptocurrencies, disputes in this area are highly complex. It is, therefore, essential that if you are involved in a contentious matter of this nature, you are advised and represented by specialists in this field. Businesses in the UK and abroad routinely seek advice from our firm on the legal aspects of digital currencies. Here at Selachii, we can help you navigate the challenges particular to litigation resulting from digital currency disputes, including working with judges who are unfamiliar with cryptocurrencies, navigating the rules on evidence and finding expert witnesses.

We have experience representing clients in major, high-value digital currency cases. Partners at Selachii, Richard Howlett and Simon Taylor, are currently assisting over 30 clients who have lost money as a result of the failure of one of the world’s largest Bitcoin exchanges, Mt. Gox, in Japan. We are currently working on a class action lawsuit against the management of Mt. Gox, claiming negligence and fraud. Our firm is also representing several clients affected by two UK exchanges, MintPal and Moolah.

Contact our Bitcoin and Cryptocurrency Litigation Solicitors London Today

Selachii LLP is a modern and dynamic litigation law firm based in Kensington, London. Due to our technical expertise in Bitcoin and other cryptocurrencies, and our depth of experience in representing clients involved in contentious digital currency matters, we have become the go-to law firm for advice on these issues. We specialise in digital currency compliance and regulation, Bitcoins, ICOs, FinTech, venture financing, smart contracts and international Bitcoin disputes.

Regardless of the nature of your dispute, whether you are a victim of a scam or concerned about hidden assets, we can help. We apply a tenacious and proactive approach to the challenges of the digital currency industry to deliver the best advice and outcome for our clients. We will take the time to understand your individual circumstances so we can offer the most appropriate and cost-effective solution for your case.

To speak to the Digital Currency Litigation Solicitors at Selachii today, contact us on the number below or complete our contact form to arrange a consultation.

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MLA 2017 18 Shortlisted 2