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United Kingdom nature of fiduciary relationshipduty of carepossession and title

Tulip Trading Ltd v Bitcoin Association for BSV

[2023] EWCA Civ 83
JurisdictionUnited Kingdom
CourtEngland and Wales Court of Appeal
Year2023
StatusBinding authority

Summary

Cryptocurrency developers may owe fiduciary duties and a duty of care to token holders; novel claim that developers must insert code to restore access to lost Bitcoin held arguable and allowed to proceed.

Key Principle

cryptocurrency; developers owe fiduciary duties to token holders; arguable duty of care; novel claim allowed to proceed

Area of Law

property

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