Jonny Fry Posted
Tulip Trading and its potentially atrophying effect on Crypto networks
Written by James Ramsden KC, Kings Counsel at Astraea Group
The Court of Appeal judgment on Friday 3rd February in the claim by Tulip Trading against sixteen developers alleged to “control” the Bitcoin network is a huge development for the sector. Legally the ruling is a very qualified one; it is merely to the effect that the claim by Tulip that the Developers owe fiduciary duties and duties of care amounts to “a serious issue to be tried” and should therefore go to a trial. But that understates its practical importance.
First, by...
Written by James Ramsden KC, Kings Counsel at Astraea Group
The Court of Appeal judgment on Friday 3rd February in the claim by Tulip Trading against sixteen developers alleged to “control” the Bitcoin network is a huge development for the sector. Legally the ruling is a very qualified one; it is merely to the effect that the claim by Tulip that the Developers owe fiduciary duties and duties of care amounts to “a serious issue to be tried” and should therefore go to a trial. But that understates its practical importance.
First, by...