The English High Court ruled that it had jurisdiction to hear an underlying claim from a user of the defendant's cryptocurrency exchange, notwithstanding the existence of a binding arbitration clause in the terms and conditions designating San Francisco as the seat of arbitration. The decision also considers the meaning of 'consumer' in the context of cryptocurrency agreements.
In this publication, we consider key findings from the English High Court decision, as well as the implications for Irish cryptocurrency providers.
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With special thanks to Catherine Moloney, Trainee Solicitor, for her assistance on writing this article.
For more information in relation to this topic, please contact Dario Dagostino, Partner, Sarah Murphy, Partner, Mark Devane, Partner, Paula Gibbs, Senior Associate, Aisling Ennis, Solicitor, Orla Clayton, Knowledge Lawyer, or any member of ALG’s Regulatory Investigations team and/or Disputes and Investigations team.
