Managing Associate and Co-Lead of the Blockchain Group Anne Rose has helped draft the new Digital Dispute Resolution Rules as part of the Government-backed UK Jurisdiction Taskforce at LawtechUK.
The Digital Dispute Resolution Rules are designed to enable faster and more cost effective resolutions to legal disputes relating to novel digital technology such as crypto assets, smart contracts, and blockchain applications, and foster confidence amongst businesses in the adoption of these technologies.
Drafted in public and private consultation with lawyers, technical experts and financial services and commercial parties, the Digital Dispute Resolution Rules are designed to facilitate the rapid and cost effective resolution of disputes arising in the context of these technologies, and to foster industry confidence in their use.
Anne said; "The UK JT Digital Dispute Resolution Rules are ground-breaking in that they allow for: arbitral or expert dispute resolution in very short periods; arbitrators to implement decisions directly on-chain using a private key; and optional anonymity of the parties. It has been an absolute pleasure drafting these rules with UKJT drafting team and I hope they will give global businesses greater confidence to utilise more 'novel' technologies."
Read the rules here.