For the first time following a full trial, the English High Court in D’Aloia v Persons Unknown, Bitkub and others [2024] EWHC 2342 (Ch) has confirmed that cryptocurrency, specifically USD Tether (USDT), can be traced and can constitute property under English law. The court also made observations as to key legal and evidential links needed…
The UK government is launching a new Regulatory Innovation Office (RIO), which aims to reduce the burden for businesses hoping to bring new products and services to the market in some of the UK’s fastest-growing sectors. The RIO will support regulators to update regulation, with the aim of speeding up approvals, and ensuring different regulatory…
Sponsored by decoded.legal and Colt Technology Services A competition to hear ideas from students and prospective trainees on how the law can embrace sustainability principles. The challenge we set: Which legal, environmental, social, or governance issue can be resolved with improved technology and how? The DragonsOur Dragons are experts in the field of technology, ESG, and…
Read More… from Winner is announced for the SCL Tech Law ‘Green’ Dragons’ Den Competition
UK law Software development that built on existing code qualified as R&D In Get Onbord Ltd (in Liquidation) v HMRC [2024] UKFTT 617 (TC) the First-tier Tribunal held that expenditure incurred by a company when it developed a new AI-based analytical process qualified for R&D tax relief. The project built on existing material, but its…
We are absolutely delighted to share the news that SCL President Professor Richard Susskind OBE KC (Hon) has been appointed Special Envoy for Justice and Artificial Intelligence by the Commonwealth Secretary-General, the Rt Hon Patricia Scotland KC. In his new role, Prof Susskind will be responsible for supporting the 56 Commonwealth countries in achieving Sustainable…
A team from Hogan Lovells consider the regulatory regimes governing digital accessibility in the UK and EU. Summary: In the era of digital transformation, the need to ensure products and services are accessible to all, including those who experience some form of disability, is greater than ever. While there is not (yet) a global uniform…
A team from Bird & Bird precis the key points of the Automated Vehicles Act, which received Royal Assent just before Parliament was dissolved. The Automated Vehicles Act 2024 received Royal Assent on 20 May 2024. Its swift motion through parliament in an election year has been a relief to many, having been first introduced…
UK law DMCC Bill completes parliamentary process and other “wash-up” news The Digital Markets, Competition and Consumers Bill has completed the parliamentary process ahead of the 2024 General Election and will receive Royal Assent on 24 May. At the time of writing, it looks as if the Media Bill may also complete the process as…
Once upon a time technologies like artificial intelligence and the metaverse were confined to the annals of science fiction. No longer, both innovations exist in the here and now, with vast potential to transform our world. These emergent technologies, however, are not without attributes of concern, one of which is energy consumption and the consequent…
Read More… from Emerging technologies and the climate: charting a pathway to pre-emptive oversight
The Bank of England and the Financial Conduct Authority are consulting on their proposed approach to operating the Digital Securities Sandbox. The Sandbox is an initiative aimed at helping to facilitate the adoption of innovative technology in digital assets in the UK. It follows the Financial Services and Markets Act 2023, which provides HM Treasury…
Read More… from Bank of England and FCA consult on Digital Securities Sandbox