Miles Geffin, Legal Director and private client lawyer at Mishcon de Reya, has been quoted in a recent article in Financial Times, entitled “English legal system must keep pace with crypto and AI, says lawyers.”
The article follows a proposal by Professor Richard Susskind, the technology advisor to the head of the judiciary in England and Wales, for the creation of a new independent Institute of Legal Innovation. The Institute would highlight areas of the law that are not keeping up with disruptive technologies and promote English law as the global standard for governing cross border crypto and blockchain transactions and disputes.
Highlighting areas where English law has not kept pace with innovation, Miles Geffin noted there has been a “long period of legislative inertia” in recent years.
Progress is “currently quite piecemeal,” he said, adding that “a coherent vision” and a “plan for delivery and political will” were needed.
The increasing need for up-to-date awareness around the legal implications of developing technologies was further highlighted by the launch this week of the second edition of regulatory guidance on blockchain by Tech London Advocates (TLA), a network of tech experts and entrepreneurs founded by Anne Rose, Associate and Co-Lead of Mishcon de Reya’s Blockchain Group.
For the Financial Times article, click here (subscription required).
For access to the TLA Blockchain: Legal and Regulatory Guidance, click here.