With a strong understanding of the technical and economic underpinnings of crypto-assets, Enyo has broad experience litigating the complex issues that arise in this developing area.
We advise on all areas of commercial disputes in this sector, representing exchanges, R&D labs, Bitcoin developers, founders, online auction platforms and investors. We understand the players in the market, the relevant technology, and the issues that can arise in connection with the tech.
Given the rapid growth in the industry in recent years, and the relative novelty of some of the issues that have arisen, disputes in this area tend to have significant direct and indirect consequences. Decisions in even some of the smaller cases by value can have outsized consequences for the wider industry and are therefore often heavily fought. We have the heavyweight litigation and arbitration experience to litigate these cases effectively against any opponent.
Led by partner Tim Elliss, the team is involved in some of the largest and most complex cryptocurrency cases before the English courts. Enyo acts for the Bitcoin developers in the well-known Tulip Trading case where it has been alleged that software developers who contribute to the Bitcoin client software owe fiduciary duties to owners of Bitcoin. This litigation seeks to undermine the core concepts of Bitcoin including its open-sourced, distributed nature and the concept that private keys are necessary to transact. It is the most consequential cryptocurrency case globally.
