NORTH WEST FRAUD FORUM

High Court will take pragmatic approach to protect crypto fraud victims.

12 Sep 2024 1:15 PM | Anonymous member (Administrator)

A recent High Court of England and Wales decision shows that the English courts are willing to interpret procedural service rules under the Civil Procedure Rules (CPR) pragmatically to facilitate justice for victims of crypto fraud, an expert has said.

In Tai Mo Shan Ltd v Persons Unknown, the court granted an application to serve a claim, which sought to enforce a New York judgment relating to a cryptocurrency fraud, outside of the jurisdiction of England and Wales and by way of transmission of non-fungible tokens (NFTs).

https://www.pinsentmasons.com/en-gb/out-law/news/high-court-pragmatic-approach-protect-crypto-fraud-victims

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